Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Shree TNB Polymers Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.60 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Corporate Makers Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shree TNB Polymers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 60,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,53,44,997 shares |
| Share Holding Post Issue | 2,13,44,997 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, May 5, 2026 |
| SEBI/Exchange approval received | Thu, Jun 25, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
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 was established to consolidate the running businesses of four erstwhile partnership firms — M/s Tirupati Plastic Industries, M/s Noble Polymers, M/s Shreeji Plastic Industries, and M/s Balaji Polymers — with commercial operations tracing back to 2001.
The company offers products across three brands: "Noble" (HDPE/PP/PPH pipes, DWC pipes, drip irrigation and sprinkler systems), "Tirupati" (solid industrial polymer sheets), and "Balaji/Wellpack" (PP corrugated flute board sheets for packaging and advertising). Its products serve water supply, sewerage, agriculture irrigation, telecom, chemical processing, and industrial fabrication sectors on a B2B and B2C basis.
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.
Key strengths include a promoter-driven leadership team with up to 40 years of industry experience, diversified multi-brand product portfolio, strong regulatory certifications, pan-India distribution reach, and strategic location at Silvassa. It operates in an Indian plastic pipes and sheets market estimated at USD 9.70 billion in 2026, projected to grow to USD 23.14 billion by 2035 at a CAGR of 10.14%.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 154.49 | 127.38 | 105.03 | 105.40 |
| Total Income | 141.56 | 175.70 | 207.97 | 172.93 |
| Profit After Tax | 4.91 | 5.77 | 5.03 | 2.17 |
| EBITDA | 14.06 | 13.15 | 15.40 | 11.08 |
| NET Worth | 53.45 | 48.55 | 34.21 | 29.18 |
| Reserves and Surplus | 43.22 | 38.32 | 25.26 | 20.23 |
| Total Borrowing | 51.27 | 38.50 | 35.82 | 35.72 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Manas Polymers & Energies Ltd. | SME | ₹23.52 Cr | ₹81 | 9.19 | ₹146.20 | +80.49% | ₹41.45 (+4.94%) |
| Vigor Plast India Ltd. | SME | ₹25.10 Cr | ₹81 | 12.35 | ₹85.70 | +5.80% | ₹113.10 (+4.97%) |
| B.D.Industries (Pune) Ltd. | SME | ₹45.36 Cr | ₹108 | 13.27 | ₹108.15 | +0.14% | ₹108.90 (-1.45%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for purchase of machinery | 15.86 |
| 2 | Capital Expenditure for the purchase and installation of Solar panel/ Roof top | 2.60 |
| 3 | Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility | 1.32 |
| 4 | Repayment of certain borrowings | 5.62 |
| 5 | General Corporate Purpose | |
| Total | 25.40 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 9.63% | 13.95% |
| ROCE | 11.08% | 15.25% |
| RoNW | 9.63% | 13.95% |
| PAT Margin | 3.47% | 3.29% |
| EBITDA Margin | 9.70% | 8.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.76 | 3.07 |
| Promoter Holding | 45.56% |
Lead Manager Reports
Shree TNB Polymers IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shree TNB Polymers IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shree TNB Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Shree TNB Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree TNB Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree TNB Polymers IPO dates are not announced. Please check back again after some time.
Shree TNB Polymers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shree TNB Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shree TNB Polymers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shree TNB Polymers IPO allotment status.
The Shree TNB Polymers IPO listing date is not yet announced. The tentative date of listing is .
