- 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 Ltd. IPO Details
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 |
|---|
| 25 Sep 2026 - 29 Sep 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹188,000 | 2 | 2 | 2000 | 6.0 M | ₹47 - ₹52 | 32.76 % | ₹282.0 M - ₹312.0 M | RHP DOC |
Shree TNB Polymers issue details
Shree TNB Polymers has 6.0 M shares on offer
Shree TNB Polymers IPO offer price is in the range ₹47 - ₹52
Shree TNB Polymers IPO minimum Investment is ₹188000
Shree TNB Polymers IPO issue size is ₹ 282.0 M - ₹ 312.0 M
Shree TNB Polymers has a minimum lot size of 2000 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Shree TNB Polymers IMPORTANT IPO DATES
| Issue Open Date | 25 Sep 2026 |
| Issue close Date | 29 Sep 2026 |
| Allotment Date | 30 Sep 2026 |
| Refund Date | 01 Oct 2026 |
| Demat Account Credit Date | 01 Oct 2026 |
| Listing Date | 05 Oct 2026 |
| Listing on Exchange(s) | BSE |
Shree TNB Polymers IPO subscription opens on 25 Sep 2026, and closes on 29 Sep 2026
IPO allotment for Shree TNB Polymers is expected to be finalized on Wednesday, 30 Sep 2026
IPO listing for Shree TNB Polymers will be on BSE on Monday, 05 Oct 2026
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 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 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. | 52 | 111 | 15.6 | 0.7 | 0.6 | 12.8 | 4.9 | 198.3 | 12.9 | 7.1 | 23.6 | 3.3 | 23.6 |
| Supreme Industries Ltd. | 3497.1 | 44422.6 | 43 | 2.7 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1394.8 | 37471.3 | 65.1 | 3.5 | 5.5 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 21.4 | 18.8 |
| Shaily Engineering Plastics Ltd. | 3211 | 14755.4 | 83.5 | 1.6 | 14.4 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Finolex Industries Ltd. | 154.2 | 9565.3 | 15.5 | 0.3 | 2.4 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
| Time Technoplast Ltd. | 182 | 8982.2 | 18.3 | 0.9 | 1.4 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
Annual
Balance Sheet
Ratios
Cash Flow
Shree TNB Polymers annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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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. | - | - | - | - | - |
*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 47.0 - 52.0.
The IPO application opens on Sep 25, 2026 and closes on Sep 29, 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. 188,000.0, the maximum value for this IPO is Rs 208,000.0.
This IPO will be allotted on Sep 30, 2026.
The refund will be credited to your account on Oct 01, 2026.
The allotted shares will be credited to your demat on Oct 01, 2026.
Shree TNB Polymers Ltd.’s shares will list on the stock exchanges on Oct 05, 2026.