Injecto Polymers IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 4 | Day 5 | Final |
|---|---|---|---|---|
| QIB | 1.02x | 1.02x | 1.02x | 1.57x |
| NII | 0.08x | 0.08x | 0.95x | 1.21x |
| bNII > ₹10L | 0.10x | 0.10x | 1.38x | 1.70x |
| sNII 2-10L | 0.03x | 0.03x | 0.09x | 0.22x |
| Retail | 0.26x | 0.27x | 0.84x | 1.28x |
| Total | 0.29x | 0.30x | 0.91x | 1.29x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 109.80 | 261.85 | 375.83 |
| Expense | 104.86 | 250.66 | 352.84 |
| Profit (PAT) | 4.44 | 8.11 | 16.01 |
| Total Assets | 121.25 | 170.57 | 270.93 |
Peer Comparison
| Company | EPS | P/E | RoNW % | Income |
|---|---|---|---|---|
| Injecto Polymers This IPO | 7.70 | 12.99 | 25.28 | - |
| Emmbi Industries Limited | 4.22 | 19.43 | 4.06 | 453.99 Cr |
| RDB Rasayans Limited | 19.17 | 9.04 | 13.74 | 143.19 Cr |
Promoters & Holding Pattern
Promoters: Ramesh Kumar Rateria, Ashok Kumar Rateria, Suman Financial Advisory Pvt.Ltd., Suman Towers Pvt.Ltd., Vinayak Tie-Up Pvt.Ltd., Nivedeeka Commercial Pvt.Ltd. and Bhagyashri Trading Pvt.Ltd
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,33,77,200 | 88.14% |
| Promoter Holding Post Issue | 1,33,77,200 | 64.35% |
Strengths & Risks
- Revenue grew 44% in the latest reported year.
- Strong return on equity — 29%.
- Backed by anchor investors — Rs 10 crore committed pre-issue.
- Elevated leverage — debt/equity of 2.61.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Injecto Polymers
Since its incorporation in September 1998, Injecto Polymers has been involved in the manufacturing of a wide range of plastic packaging products and the trading of plastic granules and Polyvinyl Chloride (PVC) resins. The firm manufactures a wide range of packaging products, including Polypropylene (PP) Woven Fabrics, PP Woven Bags, Biaxially Oriented Polypropylene (BoPP) Bags, Leno Bags, Low-Density and Polyester Pouches, Flexible Intermediate Bulk Container (FIBC) Bags and Non-Woven Bags. Its products are used in various industries such as agriculture, construction, textiles, chemicals, food, pharmaceuticals, cosmetics, and consumer goods. Injecto Polymers operates 2 manufacturing facilities in West Bengal, located at Jaugram, Jamalpur, and Andul Road, Howrah, which are equipped with modern machinery, software-based monitoring systems, and an in-house testing facility.
Company Contact Information
Injecto Polymers Ltd., 5th Floor, Room No. 2, Gate No. 3,, Poddar Court, 18, Rabindra Sarani, Lalbazar, Kolkata, West Bengal, 700001
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | 12.60 |
| Funding the Capital expenditure towards setting up phase IV at our existing manufacturing facility, Unit-I, situated at NH2 Bypass Road, Jaugram, Abujhati, Jamalpur, West Bengal | 29.29 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
Injecto Polymers IPO - Quick Take
Injecto Polymers has set a price band of Rs 90–Rs 100 per share for an issue size of Rs 56 crore. The stock listed with a 1.00% discount versus its issue price on September 21, 2026.
The issue is promoted by Ramesh Kumar Rateria, Ashok Kumar Rateria, Suman Financial Advisory Pvt.Ltd., Suman Towers Pvt.Ltd., Vinayak Tie-Up Pvt.Ltd., Nivedeeka Commercial Pvt.Ltd. and Bhagyashri Trading Pvt.Ltd with Indcap Advisors Pvt. Ltd. acting as lead manager. Anchor investors have committed Rs 10 crore ahead of the public issue — about 17% of the total issue size. Anchor allocation was completed on September 10, 2026. Net proceeds will primarily be used towards repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company (Rs 13 crore) and funding the Capital expenditure towards setting up phase IV at our existing manufacturing facility, Unit-I, situated at… (Rs 29 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.99x. On fundamentals, the company is posting revenue growth of 43.5%, a profit margin of 4.3%, return on equity of 28.9% in its most recent reported period. Listed peers in this segment include Emmbi Industries Limited (P/E 19.43x) and RDB Rasayans Limited (P/E 9.04x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Injecto Polymers IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. No grey market premium was recorded for Injecto Polymers before it listed.
See the full Injecto Polymers GMP history and trend, or learn how grey market premium works and how reliable it is.
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