Shree TNB Polymers IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| 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 |
| 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 |
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 and Jalpaben Hasmukhbhai Bhalodi
Strengths & Risks
- Healthy grey-market premium — +15% over the issue price.
- Grey-market premium is trending up during the bidding window.
Risk signals for Shree TNB Polymers will appear here as subscription, valuation and GMP data arrive. Always read the company-specific risk factors in the RHP before you apply.
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
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.
Shree TNB Polymers Ltd., Sr. No. 132/1/1/4,, Behind Prince Pipes, Athalroad, Silvassa, Dadra and Nagar Haveli and Daman and Diu, 396230
| 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
Shree TNB Polymers has set a price band of Rs 47–Rs 52 per share for an issue size of Rs 31 crore. The SME issue is scheduled to open for subscription tomorrow, September 25, 2026.
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.
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).
Grey market is quoting a premium of +Rs 8 (+15.4% over issue price).
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 are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Shree TNB Polymers IPO GMP — What It Means
The latest grey market premium for Shree TNB Polymers IPO is ₹8 (+15.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Shree TNB Polymers it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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