- POSITIVE
Annual Revenue Injecto Polymers Mar-2026 Annual Revenue is Rs 376 Cr which is growth of 43.5% YoY.
- POSITIVE
Annual Net Profit Injecto Polymers Mar-2026 Annual Net Profit is Rs 16 Cr which is growth of 97.5% YoY.
Injecto Polymers was incorporated on September 4, 1998. The company manufactures a wide range of flexible packaging products, including polypropylene woven fabrics and bags, BoPP bags, leno bags, pouches, FIBC bags and non-woven bags. These products serve diverse applications across agriculture, food, pharmaceuticals, healthcare, consumer goods, chemicals, fertilisers, minerals and industrial packaging
| Bidding Dates |
|---|
| 11 Sep 2026 - 16 Sep 2026 |
| Subscription |
|---|
| 1.21x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹235,200 | 2 | 2 | 1200 | 5.6 M | ₹98 - ₹100 | 64.35 % | ₹550.0 M - ₹561.2 M | RHP DOC |
Injecto Polymers IPO SUBSCRIPTION STATUS
16 Sep '26Total1.21x
Retail Individual Investor1.28x
HNI (NII) Investors1.05x
Qualified Institutional Buyers1.57x
Injecto Polymers IPO overall subscription rate was 1.21 times the total available shares
Injecto Polymers IPO retail subscription rate was 1.28 times in the retail segment
Injecto Polymers IPO non-institutional investor subscription rate was 1.05 times in the non-institutional investor category
Injecto Polymers IPO Qualified Institutional Bidder subscription rate was 1.57 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Sep 2026 (Day 3) | 1.28x | 1.05x | 1.57x |
15 Sep 2026 (Day 2) | 0.84x | 0.83x | 1.02x |
11 Sep 2026 (Day 1) | 0.26x | 0.07x | 1.02x |
Injecto 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 | 375.5 | 16.0 | -48.8 | -53.0 | 10.1% |
| FY25 | 261.5 | 8.1 | -16.9 | -26.9 | 8.6% |
| FY24 | 109.0 | 4.4 | -13.0 | -15.8 | 11.3% |
Injecto Polymers IPO SUBSCRIPTION STATUS DETAILS
Injecto Polymers had 5.6 M shares on offer
Injecto Polymers IPO offer price was in the range ₹98 - ₹100
Injecto Polymers IPO minimum Investment was ₹235200
Injecto Polymers IPO issue size was ₹ 550.0 M - ₹ 561.2 M
Injecto Polymers had a minimum lot size of 1200 Shares per application
Injecto Polymers NUMBER OF SHARES ON OFFER
Total5.6 M
Fresh Issue5.6 M
Offer for Sale0
Post Issue Promoter Holding %64.35 %
Injecto Polymers IPO IMPORTANT DATES
| Issue Open Date | 11 Sep 2026 |
| Issue close Date | 16 Sep 2026 |
| Allotment Date | 17 Sep 2026 |
| Refund Date | 18 Sep 2026 |
| Demat Account Credit Date | 18 Sep 2026 |
| Listing Date | 21 Sep 2026 |
| Listing on Exchange(s) | BSE |
| Injecto Polymers Allotment Status | Exchange/ Registrar |
Injecto Polymers IPO subscription opened on 11 Sep 2026, and closed on 16 Sep 2026
IPO allotment for Injecto Polymers was finalized on Thursday, 17 Sep 2026
IPO listing for Injecto Polymers was on BSE on Monday, 21 Sep 2026
Injecto Polymers IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 99.0 |
| Listing Close Price | 96.0 |
| Listing Gain% | -1.0% |
| Current Gain% | -2.8% |
Injecto 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Injecto Polymers Ltd. | 97.2 | 202.2 | 12.6 | 0.1 | 0.5 | 25.3 | 5.9 | 375.8 | 43.5 | 16 | 97.5 | 7.7 | 97.5 |
| Garware Hi-Tech Films Ltd. | 6925.5 | 16089.6 | 41.5 | 2.2 | 7.1 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 232.4 | 7455.6 | 19.2 | -10.4 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | -1.8 |
| AGI Greenpac Ltd. | 790.8 | 5116.3 | 14.1 | 3.5 | 1.9 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 649.8 | 4692.7 | 6.9 | 0.1 | 0.3 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 94.5 | 128.3 |
| TCPL Packaging Ltd. | 3927.1 | 3573.7 | 30.9 | -2.3 | 1.9 | 13.6 | 5.7 | 1835.6 | 2.9 | 97.8 | -31.6 | 126.9 | -13.6 |
Annual
Balance Sheet
Ratios
Cash Flow
Injecto Polymers annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 375.8 | 261.9 | 109.8 | ||
Operating Exp. Ann. | 337.5 | 238.9 | 96.7 | |
Operating Profit Ann. | 38 | 22.6 | 12.4 | |
OPM Ann. % | 10.12% | 8.62% | 11.25% | |
| 352.4 | 250.7 | 104.9 | ||
EBITDA Ann. | 38.4 | 22.9 | 13.1 | |
EBITDA Ann. margin % | 10.20% | 8.76% | 11.93% | |
Interest Ann. | 12.3 | 9.5 | 6.2 | |
Depr. | 2.6 | 2.3 | 1.9 | |
PBT Ann. | 23.5 | 11.2 | 4.9 | |
Tax Ann. | 7.4 | 3.1 | 0.5 | |
| 16 | 8.1 | 4.4 | ||
Net Profit Ann. | 16 | 8.1 | 4.4 | |
NPM Ann. % | 4.26% | 3.10% | 4.07% | |
EPS Adj. latest Ann. | 7.7 | 3.9 | 2.1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
43.5%
2Y CAGR
85%
Net Profit Ann.
1Y CHG
97.5%
2Y CAGR
90.7%
Operating Exp. Ann.
1Y CHG
41.3%
2Y CAGR
86.8%
Injecto Polymers INFORMATION ON IPO ISSUE
About Injecto Polymers
Injecto Polymers was incorporated on September 4, 1998. The company manufactures a wide range of flexible packaging products, including polypropylene woven fabrics and bags, BoPP bags, leno bags, pouches, FIBC bags and non-woven bags. These products serve diverse applications across agriculture, food, pharmaceuticals, healthcare, consumer goods, chemicals, fertilisers, minerals and industrial packaging
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- Funding the capital expenditure towards setting up Phase IV at its existing manufacturing facility, Unit-I, situated at NH2 bypass road, Jaugram, Abujhati, Jamalpur, West Bengal.
- General corporate purposes
Injecto Polymers - PROMOTERS
| Name |
|---|
| Ramesh Kumar Rateria |
| Ashok Kumar Rateria |
| Suman Financial Advisory Private Limited |
| Suman Towers Private Limited |
| Vinayak Tie-Up Private Limited |
| Nivedeeka Commercial Private Limited |
| Bhagyashri Trading Private Limited |
Injecto Polymers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ramesh Kumar Rateria | Chairman & Managing Director |
| Ashok Kumar Rateria | Whole-Time Director |
| Sushil Kumar Sultania | Independent Director |
| Chandan Sengupta | Independent Director |
| Anupma Kashyap | Independent Director |
Injecto Polymers Book Running Lead Manager
Indcap Advisors Private Limited
smeipo@indcap.in
Injecto Polymers Registrar to the Offer
Integrated Registry Management Services Private Limited
irg@integratedindia.in
Injecto Polymers Strengths
Quality control
The company follows stringent quality control procedures with inspections and testing at every stage of production to ensure compliance with industry standards and customer requirements. Its ISO 9001:2015, ISO 22000:2018 and BIS certifications, along with tests such as tensile, UV, drop and FIBC performance testing, support product reliability and timely delivery
Strength
Diverse product portfolio
The company offers a comprehensive range of packaging solutions, including polypropylene woven fabrics and bags, BOPP bags, leno bags and FIBC bags for applications across food, chemicals, mining and other industries. Its focus on expanding its product portfolio enables it to serve as a one-stop solution for diverse packaging requirements
Strength
Customer relationship
The company has built long-standing customer relationships across diverse industries by consistently delivering reliable, high-quality products, resulting in repeat business and regular orders. Its ability to provide customised packaging solutions based on customer requirements strengthens customer loyalty and provides a competitive advantage
Strength
Injecto Polymers Risks
Competition
The company operates in a highly fragmented and competitive plastic and polymers industry, facing organised and unorganised players that may have greater capital, experience, brand presence and market reach. Although the company competes through quality, customisation, faster manufacturing and value-added services, increasing competition, particularly in new geographies, could limit its growth, market position and profitability
Risk
Labour intensive
The company’s labour-intensive operations depend on skilled and unskilled workers, and labour shortages, attrition, wage increases, strikes or unionisation could reduce productivity, increase costs and disrupt operations. Non-compliance with applicable labour laws or adverse changes in the labour environment could further adversely affect the company’s business, financial condition and results of operations
Risk
Depend on continuous electricity supply
The company’s manufacturing operations depend on a continuous electricity supply, and power shortages or interruptions could cause production shutdowns, delays in customer commitments and higher operating costs. Although solar power systems supplement its electricity needs and reduce dependence on the state grid, prolonged power disruptions may still adversely affect its business, financial condition and results of operations
Risk
IPO FAQs
The promoters of the company are Ramesh Kumar Rateria, Ashok Kumar Rateria, Suman Financial Advisory Private Limited, Suman Towers Private Limited, Vinayak Tie-Up Private Limited, Nivedeeka Commercial Private Limited and Bhagyashri Trading Private Limited.
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 98.0 - 100.0.
The IPO application opens on Sep 11, 2026 and closes on Sep 16, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 235,200.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Sep 17, 2026.
The refund will be credited to your account on Sep 18, 2026.
The allotted shares will be credited to your demat on Sep 18, 2026.
Injecto Polymers Ltd.’s shares listed on the stock exchanges on Sep 21, 2026.