Shree TNB Polymers IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 207.97 | 175.70 | 198.31 |
| Expense | 201.48 | 168.85 | 188.15 |
| Profit (PAT) | 5.03 | 5.77 | 7.13 |
| Total Assets | 105.03 | 127.38 | 145.26 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Captain Pipes Limited | 0.19 | 40.37 | 7.15 | 2.78 | 77.73 Cr |
| Texmo Pipes and Products Limited | 3.86 | 15.69 | 5.13 | 77.19 | 352.59 Cr |
| Malpani Pipes and Fittings Limited | 8.38 | 7.70 | 17.65 | 51.67 | 163.03 Cr |
Strengths & Risks
Shree TNB Polymers's disclosed financials and issue structure didn't surface a standout strength on our metrics. Review the fundamentals and peer valuation above before deciding.
- 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 Shree TNB Polymers
Shree TNB Polymers, founded on March 7, 2007, is one of the leading polymer manufacturing firms, focusing on piping systems and plastic solutions. Its product range consists of HDPE pipes & fittings, PP (Polypropylene) and PPH (Polypropylene Homopolymer) pipes & fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, drip irrigation systems, solid industrial sheets, and well pack sheets. Its products are mainly used in diverse critical applications such as irrigation and agriculture, potable water supply schemes, sewerage and drainage systems, telecom cable protection, construction, and industrial usage. Shree TNB Polymers operates 2 manufacturing facilities at Silvassa across 23,028 sq. mtrs, backed by in-house quality testing laboratories and BIS/ISO certifications.
Company Contact Information
Shree TNB Polymers Ltd., Sr. No. 132/1/1/4,, Behind Prince Pipes, Athalroad, Silvassa, Dadra and Nagar Haveli and Daman and Diu, 396230
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure for purchase of machinery | 15.86 |
| Capital Expenditure for the purchase and installation of Solar panel/ Roof top | 2.60 |
| Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility | 1.32 |
| Repayment of certain borrowings | 5.62 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Shree TNB Polymers IPO - Quick Take
Shree TNB Polymers has set a price band of Rs 47–Rs 52 per share for an issue size of Rs 31 crore. The stock listed with a 15.38% gain versus its issue price on October 08, 2026.
The issue is promoted by Vijay Jaysukhlal Thosani, Rasikbhai Gokalbhai Bhalodi, Deepak Kumar Raura, Shilpaben Rasikbhai Bhalodi, Beena Vijay Thosani, Reeta Deepak Raura, Kishan Chandulal Patel, Vipul Gokalbhai Bhalodi, Hasmuk… with Corporate Makers Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards capital Expenditure for purchase of machinery (Rs 16 crore) and capital Expenditure for the purchase and installation of Solar panel/ Roof top (Rs 3 crore).
On fundamentals, the company is posting revenue growth of 12.9%, a profit margin of 3.6%, return on equity of 13.7% in its most recent reported period. Listed peers in this segment include Captain Pipes Limited (P/E 40.37x) and Texmo Pipes and Products Limited (P/E 15.69x) — 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 weak — several key indicators are reading below average. 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
Shree TNB Polymers IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 3.9%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Shree TNB Polymers listed 15.4% above its issue price.
See the full Shree TNB Polymers GMP history and trend, or learn how grey market premium works and how reliable it is.
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