Shree TNB Polymers IPO
CLOSEDSMESHREETNBBidding Closed
Allotment date reached
Allotment
06 Oct 2026
Listing
08 Oct 2026
- Price Band
- ₹47 – ₹52
- Lot Size
- 2,000
- Lot Value
- ₹1,04,000
- Open Date
- 28 Sep28 Sep 2026
- Close Date
- 05 Oct05 Oct 2026
- Min Investment
- ₹1,04,000
About Shree TNB Polymers
Shree TNB Polymers operates in the polymer manufacturing sector, producing a range of plastic products across its three primary divisions: the Piping Division, the Solid Industrial Sheets Division, and the Corrugated/Flute Board Sheets Division. The company’s core business involves manufacturing and distributing these items under distinct brand names, specifically Noble, Tirupati, and Balaji (Wellpack). Its manufacturing operations are centralized in two facilities located in Silvassa, Dadra and Nagar Haveli. The company generates revenue through the sale of its manufactured products to various customer segments, including business houses, other manufacturing facilities, government entities, and end consumers. These sales are facilitated through direct channels as well as an established network of over 325 dealers and distributors across multiple states. Its product offerings cater to diverse industrial and consumer needs, relying on raw materials to maintain its manufacturing output.
Use of IPO Proceeds
Total allocation: ₹25.40 Cr (excludes issue expenses)
Promoters
Vijay Jaysukhlal Thosani
Chairman & Whole Time Director · age 65
18+ years in business operations and management.
Bachelors of Law from Saurashtra University
Pre-issue: 3.42%
Rasikbhai Gokalbhai Bhalodi
Managing Director · age 56
Over 25 years of experience in plastic manufacturing and trading operations.
Deepak Kumar Qeematrai Raura
Promoter
Shilpaben Rasikbhai Bhalodi
Promoter
Beena Vijay Thosani
Promoter
Reeta Deepak Raura
Promoter
Kishan Chandulal Patel
Promoter
Vipul Gokalbhai Bhalodi
Promoter
Hasmukhbhai Gokalbhai Bhalodi
Promoter · age 55
Over 11 years of experience in various industries including business operations and coordination.
Bachelor of Science from Sardar Patel University
Jignaben Vipulbhai Bhalodi
Promoter · age 46
Over 11 years of experience in various industries.
Jalpaben Hasmukhbhai Bhalodi
Promoter · age 50
Over 10 years of experience in various industries.
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: BSE SME
Strengths (5)
- •Diverse product portfolio across piping, corrugated, and solid industrial sheets.
- •Established network of over 325 dealers across key commercial hubs.
- •Strategically located manufacturing facilities near major industrial areas.
- •Proven track record of consistent revenue generation across multiple brand divisions.
- •Expanding market footprint across diverse regional markets and states.
Risk Factors (5)
- •High dependence on top ten customers for significant portions of revenue.
- •Business operations rely on leased manufacturing facilities and warehouses.
- •Potential under-utilization of newly expanded manufacturing capacities.
- •Volatility in the supply and pricing of raw materials impacting profit margins.
- •Subject to strict regional regulations and potential penalties for delayed compliance.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 0.46x (QIB 0.75x, NII 0.80x, Retail 0.10x), as of 29 Sep 2026, 05:00 PM IST; final figures not on file
- GMP ₹0 (+0.0%), unofficial, as of 06 Oct 2026, 05:03 PM IST
GMP Trend
Latest: ₹0 (+0.00%)Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,04,000 |
| Retail (max) | 1 | 2,000 | ₹1,04,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,08,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,36,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,40,000 |
Subscription Status
| Category | Day 3 | Day 4 | Day 5 |
|---|---|---|---|
| QIB | — | 0.41x | 0.75x |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | — | 0.05x | 0.10x |
| Total | — | 0.27x | 0.46x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
0.10x
Allotment Ratio
Full allotment
Allotment Probability
~100.0%
Non-Institutional Investors (NII / HNI)
Subscription
0.80x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
0.75x
Allotment Type
Discretionary allotment
Total Subscription
0.46x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
28 Sep 2026 · Mon
Issue Closes
05 Oct 2026 · Mon
UPI Deadline
05 Oct 2026 · Mon
Allotment
06 Oct 2026 · Tue
Refund
07 Oct 2026 · Wed · Today
Share Credit
07 Oct 2026 · Wed · Today
Listing
08 Oct 2026 · Thu · Tomorrow
Issue Opens
28 Sep 2026 · Mon
Issue Closes
05 Oct 2026 · Mon
UPI Deadline
05 Oct 2026 · Mon
Allotment
06 Oct 2026 · Tue
Refund
07 Oct 2026 · Wed · Today
Share Credit
07 Oct 2026 · Wed · Today
Listing
08 Oct 2026 · Thu · Tomorrow
IPO Details
| Registrar | — |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹31.20 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | CORPORATE MAKERS CAPITAL LIMITED |
3-Year Financial Summary
Revenue trend
↓ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 198.13 | 7.13 | — | — | — |
| FY25 | 175.65 | 5.77 | — | — | — |
| FY24 | 207.86 | 5.03 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 207.97 | 175.7 | 198.31 |
| Cash Flow — Operating | 6.99 | 4.34 | 8.83 |
| Cash Flow — Investing | -1.71 | -9.98 | -9.23 |
| Cash Flow — Financing | -5.39 | 5.6 | 0.4 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
12 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in Shree TNB Polymers's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
- Vijay Jaysukhlal Thosani(Promoter)+3.42%
- Rasikbhai Gokalbhai Bhalodi(Promoter)+2.11%
- Deepak Kumar Qeematrai Raura(Promoter)+0.30%
- Promoter Group+14.57%
- Promoter+45.56%
Post-Issue
- Vijay Jaysukhlal Thosani(Promoter)+2.46%
- Rasikbhai Gokalbhai Bhalodi(Promoter)+1.51%
- Deepak Kumar Qeematrai Raura(Promoter)+0.22%
- Promoter Group+10.48%
- Promoter+32.76%
Source: Shree TNB Polymers offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Shree TNB Polymers offer document (DRHP/RHP).
Board & Management
Board & management not disclosed in this filing.Director/KMP details were not extracted from Shree TNB Polymers's filing.
Industry & Market
Per Infomerics Analytics & Research, a report commissioned by the company (not independent).
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Shree TNB Polymers IPO opening?
The Shree TNB Polymers IPO opens on 28 Sep 2026 and closes on 05 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Shree TNB Polymers IPO?
The price band for the Shree TNB Polymers IPO is ₹47 to ₹52. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Shree TNB Polymers IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,04,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Shree TNB Polymers IPO today?
The latest Grey Market Premium for Shree TNB Polymers is ₹0 (+0.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the Shree TNB Polymers IPO list on NSE and BSE?
The Shree TNB Polymers IPO is expected to list on 08 Oct 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Shree TNB Polymers IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Shree TNB Polymers IPO a mainboard or SME issue?
Shree TNB Polymers is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Shree TNB Polymers IPO?
You can apply for the Shree TNB Polymers IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Shree TNB Polymers IPO?
The GMP-implied price (unofficial, not a forecast) is ₹52: the upper price band of ₹52 plus the latest grey market premium of ₹0, as of 06 Oct 2026, 05:03 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Shree TNB Polymers IPO?
Based on the retail subscription of 0.10x, all retail applicants are expected to receive full allotment for the Shree TNB Polymers IPO.
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Shree TNB Polymers