- POSITIVE
Annual Revenue Shree TNB Polymers Mar-2026 Annual Revenue is Rs 198 Cr which is growth of 12.9% YoY.
- POSITIVE
Annual Net Profit Shree TNB Polymers Mar-2026 Annual Net Profit is Rs 7 Cr which is growth of 23.6% YoY.
Shree TNB Polymers was incorporated on March 07, 2007. The company is a polymer manufacturer offering HDPE, PP, PPH, DWC and sprinkler pipes, drip irrigation systems, and industrial sheets. Its products provide durable, application-specific solutions for infrastructure, agriculture, packaging and industrial sectors
| Bidding Dates |
|---|
| 28 Sep 2026 - 05 Oct 2026 |
| Subscription |
|---|
| 1.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹200,000 | 2 | 2 | 2000 | 6.0 M | ₹50 - ₹53 | 32.76 % | ₹300.0 M - ₹318.0 M | RHP DOC |
Shree TNB Polymers IPO SUBSCRIPTION STATUS
05 Oct '26Total1.91x
Retail Individual Investor1.72x
HNI (NII) Investors2.47x
Qualified Institutional Buyers1.7x
Shree TNB Polymers IPO overall subscription rate was 1.91 times the total available shares
Shree TNB Polymers IPO retail subscription rate was 1.72 times in the retail segment
Shree TNB Polymers IPO non-institutional investor subscription rate was 2.47 times in the non-institutional investor category
Shree TNB Polymers IPO Qualified Institutional Bidder subscription rate was 1.7 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Oct 2026 (Day 5) | 1.72x | 2.47x | 1.7x |
01 Oct 2026 (Day 4) | 0.84x | 1.45x | 0.75x |
30 Sep 2026 (Day 3) | 0.53x | 0.93x | 0.75x |
29 Sep 2026 (Day 2) | 0.1x | 0.8x | 0.75x |
28 Sep 2026 (Day 1) | 0.05x | 0.49x | 0.41x |
Shree TNB Polymers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 198.1 | 7.1 | 8.8 | 0.6 | 9.7% |
| FY25 | 175.7 | 5.8 | 4.3 | -5.9 | 8.8% |
| FY24 | 207.9 | 5.0 | 7.0 | 5.5 | 7.3% |
Shree TNB Polymers IPO SUBSCRIPTION STATUS DETAILS
Shree TNB Polymers had 6.0 M shares on offer
Shree TNB Polymers IPO offer price was in the range ₹50 - ₹53
Shree TNB Polymers IPO minimum Investment was ₹200000
Shree TNB Polymers IPO issue size was ₹ 300.0 M - ₹ 318.0 M
Shree TNB Polymers had a minimum lot size of 2000 Shares per application
Shree TNB Polymers NUMBER OF SHARES ON OFFER
Total6.0 M
Fresh Issue6.0 M
Offer for Sale0
Post Issue Promoter Holding %32.76 %
Shree TNB Polymers IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2026 |
| Issue close Date | 05 Oct 2026 |
| Allotment Date | 06 Oct 2026 |
| Refund Date | 07 Oct 2026 |
| Demat Account Credit Date | 07 Oct 2026 |
| Listing Date | 08 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Shree TNB Polymers Allotment Status | Exchange/ Registrar |
Shree TNB Polymers IPO subscription opened on 28 Sep 2026, and closed on 05 Oct 2026
IPO allotment for Shree TNB Polymers was finalized on Tuesday, 06 Oct 2026
IPO listing for Shree TNB Polymers was on BSE on Thursday, 08 Oct 2026
Shree TNB Polymers IPO LISTING GAINS
| Issue Price (adjusted) | 53.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 57.0 |
| Listing Gain% | 13.2% |
| Current Gain% | 5.8% |
Shree TNB Polymers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shree TNB Polymers Ltd. | 56.1 | 119.7 | 16.8 | 0.7 | 0.6 | 12.8 | 4.9 | 198.3 | 12.9 | 7.1 | 23.6 | 3.3 | 23.6 |
| Supreme Industries Ltd. | 3474.8 | 44139.3 | 42.8 | 2.7 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1409.8 | 37874.3 | 65.8 | 3.5 | 5.6 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 21.4 | 18.8 |
| Shaily Engineering Plastics Ltd. | 3063.4 | 14077.2 | 79.6 | 1.6 | 13.7 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 151.2 | 9379.1 | 15.2 | 0.3 | 2.4 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Kingfa Science & Technology (India) Ltd. | 6611 | 8958.8 | 39.7 | 0.8 | 4 | 13.2 | 10.6 | 2016.2 | 14.9 | 185.3 | 21.2 | 166.5 | 47 |
Annual
Balance Sheet
Ratios
Cash Flow
Shree TNB Polymers annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
4.7% | 198.3 | 175.7 | 208 | 173 | ||
Operating Exp. Ann. | 3.2% | 178.3 | 159.8 | 192.6 | 162 | |
Operating Profit Ann. | 23.8% | 19.9 | 15.9 | 15.3 | 10.5 | |
OPM Ann. % | 18.1% | 10.02% | 9.03% | 7.35% | 6.09% | |
3.7% | 188.2 | 168.9 | 201.5 | 168.8 | ||
EBITDA Ann. | 22.6% | 20.1 | 15.9 | 15.4 | 10.9 | |
EBITDA Ann. margin % | 17% | 10.11% | 9.06% | 7.40% | 6.32% | |
Interest Ann. | 13.5% | 6 | 5.9 | 5.7 | 4.1 | |
Depr. | 13% | 3.9 | 3.1 | 3.2 | 2.7 | |
PBT Ann. | 34.4% | 10.2 | 7.2 | 6.6 | 4.2 | |
Tax Ann. | 10.9% | 3 | 1.4 | 1.6 | 2.2 | |
52.5% | 7.1 | 5.8 | 5 | 2 | ||
Net Profit Ann. | 52.5% | 7.1 | 5.8 | 5 | 2 | |
NPM Ann. % | 45% | 3.60% | 3.28% | 2.42% | 1.18% | |
EPS Adj. latest Ann. | 48.9% | 3.3 | 2.7 | 2.4 | 1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
12.9%
2Y CAGR
-2.4%
3Y CAGR
4.7%
Net Profit Ann.
1Y CHG
22.4%
2Y CAGR
19.2%
3Y CAGR
52.5%
Operating Exp. Ann.
1Y CHG
11.6%
2Y CAGR
-3.8%
3Y CAGR
3.2%
Shree TNB Polymers INFORMATION ON IPO ISSUE
About Shree TNB Polymers
Shree TNB Polymers was incorporated on March 07, 2007. The company is a polymer manufacturer offering HDPE, PP, PPH, DWC and sprinkler pipes, drip irrigation systems, and industrial sheets. Its products provide durable, application-specific solutions for infrastructure, agriculture, packaging and industrial sectors
Object of the Issue
- Capital expenditure for purchase of machineries
- Capital expenditure for the purchase and installation of solar panel/ roof top
- Part finances the capital expenditure for construction/ installation of pre-engineered building (PEB) structure for new manufacturing facility
- Repayment of certain borrowings
- To meet out the general corporate purposes
Shree TNB Polymers - PROMOTERS
| Name |
|---|
| 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 |
| Jalpaben Hasmukhbhai Bhalodi |
Shree TNB Polymers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rasikbhai Gokalbhai Bhalodi | Managing Director |
| Deepak Kumar Qeematrai Raura | Whole Time Director |
| Vijay Jaysukhlal Thosani | Chairman & Whole Time Director |
| Jayesh Vinubhai Thummar | Non-Executive, Independent Director |
| Amit Kantilal Bhalodia | Non-Executive, Independent Director |
| Minal Ruchit Buch | Non-Executive, Independent Director |
Shree TNB Polymers Book Running Lead Manager
Corporate Makers Capital Limited
info@corporatemakers.in
Shree TNB Polymers Registrar to the Offer
MUFG Intime India Private Limited
shreetnb.smeipo@in.mpms.mufg.com
Shree TNB Polymers Strengths
Diversified product portfolio
The company offers HDPE, PP, PPH and DWC pipes and fittings, sprinkler pipes, drip irrigation systems, and industrial sheets for packaging and industrial applications. Its diverse product portfolio enables it to serve customers across India and expand into international markets while adding new products based on customer needs
Strength
Client relationship
The company focuses on offering quality products at competitive prices by improving cost efficiency through strategic sourcing, local procurement and streamlined processes. It also emphasizes engineering, faster customer response and after-sales support while maintaining operational excellence and product quality
Strength
Quality standards
The company follows BIS and ISO standards, including certifications for water supply, sewerage, DWC pipes, drip irrigation, lateral and sprinkler pipes. These certifications demonstrate its focus on quality assurance, regulatory compliance and consistent product reliability across applications
Strength
Shree TNB Polymers Risks
Customer concentration risk
The company mainly operates through purchase orders without long-term contracts, making its business dependent on continued customer relationships. Changes in customer preferences, order cancellations or loss of major customers may adversely affect its sales, revenues, cash flows and operations
Risk
Depend on dealers & distributors
The company relies on dealers and distributors to sell its products and expand market reach, but may face challenges in appointing, retaining and managing them effectively. Competitor arrangements, delivery disruptions or distributor failures could reduce sales and adversely affect its business, financial performance and cash flows
Risk
Competition
The company operates in a highly competitive industry and must continuously improve manufacturing efficiency, reduce costs and expand its product range to remain competitive. Larger competitors and pricing pressure may reduce its market share, operating margins, revenue and profitability
Risk
IPO FAQs
The promoters of the company are 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 category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 50.0 - 53.0.
The IPO application opens on Sep 28, 2026 and closes on Oct 05, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 200,000.0, the maximum value for this IPO is Rs 208,000.0.
This IPO will be allotted on Oct 06, 2026.
The refund will be credited to your account on Oct 07, 2026.
The allotted shares will be credited to your demat on Oct 07, 2026.
Shree TNB Polymers Ltd.’s shares listed on the stock exchanges on Oct 08, 2026.