Shree TNB Polymers IPO Details

SME BSE

Shree TNB Polymers IPO Summary

Shree TNB Polymers IPO opens for subscription on 28 Sep 2026 and closes on 05 Oct 2026.The IPO will be listed on BSE with the tentative listing date set for 08 Oct 2026.

Shree TNB Polymers IPO price band has been fixed at ₹50 – ₹53 per share. The face value is ₹10 per share with a lot size of 2000.

Shree TNB Polymers IPO total issue size comprises 60,00,000 shares (aggregating up to ₹31.80 Cr). This includes a fresh issue of 60,00,000 shares (aggregating up to ₹31.80 Cr). Pre-issue shareholding stands at 1,53,44,997, which will increase to 2,13,44,997 post-issue.

Shree TNB Polymers IPO carries a ₹4 (7.55%) GMP, reflecting investor sentiment.

Shree TNB Polymers IPO Lot Size :Individual Minimum is 2 lots (4,000 shares) amounting to ₹2,12,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹2,12,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹3,18,000. SHNI Maximum is 9 lots (18,000 shares) amounting to ₹9,54,000. BHNI Minimum is 10 lots (20,000 shares) amounting to ₹10,60,000.

The Lead Managers for Shree TNB Polymers IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Corporate Makers Capital Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Asnani Stock Broker Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Shree TNB Polymers Limited RHP.

Shree TNB Polymers IPO Details

Listing Price : ₹60 at a Premium of 13.21%

Open Date

28 Sep 2026

Close Date

05 Oct 2026

Listing Date

08 Oct 2026

Issue Price

₹50 - ₹53

Face Value

₹10 per share

Lot Size

2000 Shares

GMP

₹4(7.55%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Pre-issue Shareholding

1,53,44,997 shares

Post-issue Shareholding

2,13,44,997 shares

Total Issue Size

60,00,000 shares(aggregating up to ₹31.80 Cr)

Fresh Issue

60,00,000 shares(aggregating up to ₹31.80 Cr)

Offer for Sale

Shree TNB Polymers IPO Subscription

Shree TNB Polymers IPO Application Wise Breakup

Shree TNB Polymers IPO Dates

28 Sep 2026
Opening dateOpen
05 Oct 2026
Closing dateClose
06 Oct 2026
Allotment Date Allotment
07 Oct 2026
Initiation of RefundsRefund
07 Oct 2026
Credit of SharesCredit
08 Oct 2026
Listing dateListing

Shree TNB Polymers IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	4000	₹2,12,000
Individual Maximum	2	4000	₹2,12,000
SHNI Minimum	3	6000	₹3,18,000
SHNI Maximum	9	18000	₹9,54,000
BHNI Minimum	10	20000	₹10,60,000

Shree TNB Polymers IPO Reservation

Promoter Holding

Pre Issue:

45.56%

Post Issue:

32.76%

Promoter Names:

Vijay Jaysukhlal Thosani, Rasikbhai Gokalbhai Bhalodi, Deepak Kumar Raura, Shilpaben Rasikbhai Bhalodi, Beena Vijay Thosani, Reeta Deepak Raura, Kishan Chandulal Patel, Vipul Gokalbhai Bhalodi, Hasmukhbhai Gokalbhai Bhalodi, Jignaben Vipulbhai Bhalodi, Jalpaben Hasmukhbhai Bhalodi

Documents

DRHP

Shree TNB Polymers IPO DRHP

RHP

Shree TNB Polymers IPO RHP

Anchor List

Anchor Investors

Shree TNB Polymers IPO Valuations

ROE13.69%

ROCE16.02%

Debt/Equity0.80

RoNW13.95%

PAT Margin3.60%

EBITDA Margin9.69%

NAV36.29

Price to Book Value1.10

Shree TNB Polymers Financial Information

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	145.26	127.38	105.03
Total Income	198.31	175.70	207.97
Profit After Tax	7.13	5.77	5.03
EBITDA	19.20	15.47	15.22
NET Worth	55.68	48.55	34.21
Reserves and Surplus	40.34	38.32	25.26
Total Borrowing		38.50	35.82
Amount in ₹ Crore

About Shree TNB Polymers IPO

Incorporated on March 07, 2007, Shree TNB Polymers Limited is a Silvassa-based polymer manufacturing company specializing in piping systems and plastic solutions. The Company’s products are designed to meet the evolving demands of critical applications such as irrigation and agriculture, potable water supply schemes, sewerage and drainage systems, telecom cable protection, construction, and industrial usage.

The company offers a diversified product portfolio comprising HDPE pipes & fittings, PP (Polypropylene) and PPH (Polypropylene Homopolymer) pipes & fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, drip irrigation systems, solid industrial sheets and Well pack sheets for packaging and industrial applications.

It operates two manufacturing facilities at Silvassa across 23,028 sq. mtrs. with a combined installed capacity of 24,000 MT per annum, supported by in-house quality testing laboratories and BIS/ISO certifications across multiple Indian Standards. As of March 31, 2026, the company employed 318 full-time employees and maintained a 325+ dealer/distributor network across India, with exports to UAE, Sri Lanka, Oman, and Germany.

As at July 31, 2026, we had 298 full-time employees and 39 contract labourers.

Strength Of Shree TNB Polymers IPO

Strong promoter-driven business with deep market understanding and relationships. Established presence in the polymers/trading/manufacturing segment with long-standing industry experience.
Diversified product portfolio catering to multiple industrial applications.
Cordial relationship with the customers/ dealers/ distributors and established manufacturing facilities.
Quality Products with Certifications.

Risk Of Shree TNB Polymers IPO

There are outstanding litigation proceedings involving our Company, our Promoters, an adverse outcome in which, may have an adverse impact on our reputation, business, financial condition, results of operations and cash flows.
Some of the manufacturing facilities and warehouses of our Company are located on leased premises. If we are unable to renew such lease agreements or relocate on commercially suitable terms, it may have a material adverse effect on our business, results of operations and financial condition.
Our revenues have been significantly dependent on few customers and our inability to maintain such business may have an adverse effect on our results of operations.
We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.
There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on our financial condition and cash flows.
In addition to our existing indebtedness for our existing operations, we may incur further indebtedness during the course of business. We cannot assure that we would be able to service our existing and/ or additional indebtedness
Our Company has delayed in complying with certain statutory filings with Registrar of Companies. Such delayed compliance /lapses may attract certain penalties.
Absence of Formal Agreement in Relation to Business Acquisition of M/s Tirupati Plastic Industries, M/s Noble Polymers, M/s Shreeji Plastic Industries and M/s Balaji Polymers, erstwhile partnership firms.
Trade payable forms a major part of our Current Liabilities. Failure to manage our trade payables could have an adverse effect on our purchase, profitability, cash flow and liquidity.
Under-utilization of our manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.

Objectives Shree TNB Polymers IPO

1. Capital Expenditure for purchase of machinery

2. Capital Expenditure for the purchase and installation of Solar panel/ Roof top

3. Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility

4. Repayment of certain borrowings

5. General Corporate Purpose

Company Contact Details

Sr. No. 132/1/1/4, Behind Prince Pipes Athalroad
Silvassa, Dadra and Nagar Haveli and Daman and Diu , 396230
Phone: +91- 9662602584
Email: cs@shreetnbpolymers.in
Website: https://www.shreetnbpolymers.in/

Registrar Contact Details

Name:

MUFG Intime India Pvt Ltd

Phone:

+91-22-4918 6270

Email:

shreetnb.smeipo@in.mpms.mufg.com

Website:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

Market Maker

Shree TNB Polymers FAQs

The Shree TNB Polymers IPO is a SME public issue comprising 6000000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹31.80 Cr. The issue price has been fixed at ₹53 per equity share, and the minimum application size is 2000 shares.

The IPO opens for subscription on 28 Sep 2026, and closes on 05 Oct 2026.

MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The Shree TNB Polymers IPO opens on 28 Sep 2026.

Shree TNB Polymers IPO lot size is 2000, and the minimum amount required for application is ₹106000.

You may apply for the Shree TNB Polymers IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Shree TNB Polymers IPO is scheduled to be finalized on 06 Oct 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 07 Oct 2026. Investors are advised to regularly check the Shree TNB Polymers IPO allotment status for updates.

The listing date for the Shree TNB Polymers IPO has not yet been officially announced. However, the tentative listing date is scheduled for 08 Oct 2026.

Shree TNB Polymers IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹4 (7.55%).