Shree TNB Polymers Limited
Bookbuilding IPO · BSE
- Price band
- ₹50 - ₹53
- Lot size
- 2,000 shares
- Issue amount
- ₹31.2 cr
- Total subscription
- 2.06×
- Opens
- 28 Sept 2026
- Closes
- 5 Oct 2026
- Allotment
- 6 Oct 2026
- Listing
- 8 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 60,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,00,000
- Fresh issue
- ₹31.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,06,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,53,44,997
- Shares after issue
- 2,13,44,997
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,12,000 |
| sHNI | 3 | 6,000 | ₹3,18,000 |
| bHNI | 10 | 20,000 | ₹10,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 5 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 499 | 856 |
| HNIs(10L +) | 95 | 38 |
| HNIs (2-10L) | 48 | 155 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.04 | 10.29 |
| RETAIL | 10.58 | 18.15 |
| NIB | 4.55 | 14.91 |
| HNIs 2+ | 1.52 | 5.91 |
| HNIs 10+ | 3.03 | 9.24 |
| HNIs | 4.55 | 15.14 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 4.65 | 4.29 | 3.75 |
| ROE | 13.69 | 13.95 | 15.87 |
| ROCE | 16.02 | 15.25 | 17.06 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 11.18 | 0 | 0 |
| POST IPO(PE) | 15.57 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Shree TNB Polymers Limited | 11.18 | 52.00 | 10.00 | 36.29 | 13.69 | 4.65 |
| Captain Pipes Limited | 40.37 | 7.67 | 1.00 | 2.78 | 7.15 | 0.19 |
| Texmo Pipes and Products Limited | 15.69 | 60.55 | 10.00 | 77.19 | 5.13 | 3.86 |
| Malpani Pipes and Fittings Limited | 7.70 | 64.50 | 10.00 | 51.67 | 17.65 | 8.38 |
Company information
Company profile
Shree TNB Polymers Limited, incorporated on March 7, 2007, is a Silvassa-based polymer manufacturing company engaged in producing piping systems and plastic solutions for applications such as irrigation and agriculture, potable water supply, sewerage and drainage, telecom cable protection, construction and industrial use. Its product portfolio includes HDPE pipes and fittings, PP and PPH pipes and fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, drip irrigation systems, solid industrial sheets and Well Pack sheets for packaging and industrial applications. The Company operates two manufacturing facilities in Silvassa spread across approximately 23,028 sq. metres, with a combined installed capacity of 24,000 MT per annum, supported by in-house quality testing laboratories and BIS and ISO certifications across various Indian Standards. Shree TNB Polymers has a dealer and distributor network of more than 325 across India and also exports its products to markets including the UAE, Sri Lanka, Oman and Germany. As of July 31, 2026, the Company had 298 full-time employees and 39 contract labourers.
Strengths
- Diversified Product Portfolio: The company offers HDPE, PP/PPH, DWC, sprinkler and drip irrigation pipes and fittings, along with solid industrial and Well pack sheets. This broad range helps serve different industrial, agricultural and packaging requirements.
- Strong Customer & Distribution Relationships: The company has established relationships with customers, dealers and distributors through competitive pricing, strategic sourcing, local procurement and efficient operations. After-sales support also helps maintain customer relationships.
- Quality Products & Certifications: The company’s manufacturing and quality systems are supported by BIS and ISO certifications covering water supply, sewerage, DWC, drip irrigation, lateral and sprinkler pipes. These certifications demonstrate adherence to required quality and industry standards.
Risk factors
- Leased Premises Risk: Manufacturing Facility-II and certain warehouses are operated from leased premises. Any difficulty in renewing the leases or finding suitable premises on reasonable terms could disrupt operations and affect financial performance.
- Delayed Statutory Payments: The company has experienced delays in paying statutory dues such as Income Tax, GST and Provident Fund . Further delays could result in penalties, additional costs and pressure on financial condition and cash flows.
- Delayed Statutory Filings: The company has faced delays, non-filings and other non-compliances related to certain Registrar of Companies requirements. Any future penalties, fines or regulatory action could affect its operations, financial position and reputation.
Promoters
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
Registrar & documents
Lead manager
Corporate Makers Capital Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Sr. No. 132/1/1/4, Behind Prince Pipes Athalroad Silvassa, Dadra and Nagar Haveli and Daman and Diu, 396230
+91- 9662602584
[email protected]Company website ↗Understanding SHREETNB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.