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SHREETNB · NSE · Manufacturing company
Shree TNB Polymers IPO closed on 05 Oct 2026 with 1.44x overall subscription . The basis of allotment is on 06 Oct 2026 , and the stock will list on 08 Oct 2026 on NSE . The IPO price band was ₹47-₹52.
Shree TNB Polymers IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 28 Sep 2026 |
| IPO Close Date | 05 Oct 2026 |
| Basis of Allotment | 06 Oct 2026 |
| Initiation of Refunds | 07 Oct 2026 |
| Credit of Shares to Demat | 07 Oct 2026 |
| Listing Date | 08 Oct 2026 |
Issue Size
6,000,000 shares
(aggregating up to ₹32.00 Cr)
Issue Price
₹47 – ₹52
Face Value
₹10/share
Market Lot
2,000 shares
Retail Min Investment
₹208,000
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
5,700,000 shares
(aggregating up to ₹30 Cr)
Offer for Sale
[.]
Reserved for Market Maker
300,000 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
28 Sep
Close Date
05 Oct
Allotment
06 Oct
Listing
08 Oct
Last updated: 9 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹52 | ₹0 | ₹52 | ₹0 |
0%
|
2:01 PM |
| 05 Oct 2026 | ₹52 | ₹0 | ₹52 | ₹0 |
0%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 05 Oct 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1.27x | - |
| NII | 2.03x | - |
| bNII (bids above ₹10L) | 2.01x | - |
| sNII (bids below ₹10L) | 2.07x | - |
| Individual Investors | 1.28x | - |
| Total | 1.44x | - |
Showing the latest subscription snapshot.
View full subscription historyVijay 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 and Jalpaben Hasmukhbhai Bhalodi are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹208,000 |
| Retail (Max) | 2 | 4,000 | ₹208,000 |
| S-HNI (Min) | 3 | 6,000 | ₹312,000 |
| S-HNI (Max) | 9 | 18,000 | ₹936,000 |
| B-HNI (Min) | 10 | 20,000 | ₹1,040,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,846,000 (47.43%) |
|
•
Anchor Investor Shares Offered
|
1,706,000 (28.43%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,140,000 (19.00%) |
| Individual Investors Shares Offered | 1,996,000 (33.27%) |
| Market Maker Shares Offered | 300,000 (5.00%) |
| NII (HNI) Shares Offered | 858,000 (14.30%) |
|
•
bNII > ₹10L
|
576,000 (9.60%) |
|
•
sNII < ₹10L
|
282,000 (4.70%) |
| Total Shares Offered | 6,000,000 (100.00%) |
Shree TNB Polymers Limited was incorporated in March 2007 and is headquartered in Silvassa, Dadra and Nagar Haveli. It works in the polymer manufacturing sector, producing piping systems and industrial plastic products.
The company was formed by consolidating 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. Its product portfolio includes HDPE and PP pipes, PPH pipes and fittings, DWC (Double Wall Corrugated) pipes and fittings, drip irrigation and sprinkler systems marketed under the "Noble" brand, solid polymer sheets under the "Tirupati" brand, and corrugated flute boards under the "Wellpack" brand. Its products serve customers across water infrastructure, irrigation, agriculture, industrial, chemical, telecommunication and construction sectors, including applications such as borewells, sewerage networks, cable ducts and highway infrastructure. The company is led by Chairman Vijay Thosani, and the promoters include Vijay Jaysukhlal Thosani, Rasikbhai Gokalbhai Bhalodi, Deepak Kumar Qeematrai Raura, Shilpaben Rasikbhai Bhalodi, Beena Vijay Thosani, Reeta Deepak Raura, Kishan Chandulal Patel, Vipul Gokalbhai Bhalodi, Hasmukhbhai Gokalbhai Bhalodi, Jignaben Vipulbhai Bhalodi and Jalpaben Hasmukhbhai Bhalodi.
The IPO is an SME book-built issue proposed to be listed on the BSE SME platform, structured entirely as a fresh issue of up to 60,00,000 equity shares of face value Rs 10 each, with no offer for sale; the DRHP was filed in April 2026 and the company received BSE's in-principle approval in June 2026, with the price band yet to be announced. Net proceeds from the fresh issue are proposed to be used for purchase of plant and machinery, installation of a solar rooftop power generation system, construction of a pre-engineered building for manufacturing operations, and repayment or prepayment of certain borrowings, as detailed in the DRHP.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 207.97 | 175.7 | 198.31 |
| Profit After Tax (PAT) | 0.03 | 5.77 | 7.13 |
| EBITDA | 15.4 | 13.15 | 19.2 |
| Total Assets | 105.03 | 127.38 | 145.26 |
| Net Worth | 34.21 | 48.55 | 55.68 |
| Reserves & Surplus | 25.26 | 38.32 | 40.34 |
| Total Borrowing | 35.82 | 38.5 | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 13.69% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 16.02% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 13.95% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 3.6% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 9.69% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.8x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 1.1x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹4.65 | ₹3.34 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 11.18x | 15.57x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹80 Cr | ₹111 Cr |
The basis of allotment for Shree TNB Polymers IPO is scheduled for 06 Oct 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Shree TNB Polymers IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shree TNB Polymers IPO is ₹47.00 - ₹52.00 per share.
As per market sources, Shree TNB Polymers IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shree TNB Polymers IPO stands at 1.44x overall.
The listing date for Shree TNB Polymers IPO is 08 Oct 2026.
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