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₹53 - 53 Amounts at the upper price band.
Shree TNB Polymers Ltd
Plastic productsIPOSME
₹53 - 53
Shree TNB Polymers Limited is polymer manufacturing company specializing in piping systems and plastic solutions. The Company primarily offers product portfolio comprising 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 for packaging and industrial applications. With a strong focus on engineering excellence, durability, and application-specific performance, TNB Polymers delivers reliable and scalable solutions across infrastructure, agriculture and industrial sectors.
Lot2,000Min Invest₹2,12,000Face Value₹10Issue Size₹32 CrFresh Issue₹32 CrListing Price₹60CMP₹53
Timeline
28 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription · As of 8:06 PM, 5 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB1.70x26.85 L45.74 L24.24NII2.47x8.09 L19.96 L10.58Retail1.72x18.83 L32.30 L17.12Total1.91x60.00 L1.15 Cr57.30
Reports
Offer Details
Terms
Issue Size₹32 Cr0.60 Cr shares
Fresh Issue₹32 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.93% · NII 15.05% · RETAIL 35.02%
Application Sizes
Retail₹2,12,0001-1 lots
sNII₹2,12,000from 2 lots
bNII₹10,60,000from 10 lots
Managers & Registrar
Lead ManagerCorporate Makers Capital Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group45.58%32.75%Public54.42%67.25%
Objects of the Issue
- Capital Expenditure for purchase of machinery
- 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
- General corporate purposes
Anchor Book
Bid Date25-Sep-202630-day lock-in04-Nov-202690-day lock-in03-Jan-2027
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 173 | 208 | 176 | 198 |
| Operating ProfitCr | 11 | 15 | 16 | 20 |
| OPM% | 6.2 | 7.3 | 9.0 | 10.0 |
| PBTCr | 4 | 7 | 7 | 10 |
| PATCr | 2 | 5 | 6 | 7 |
| EPS | 3 | 6 | 4 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 9 | 9 | 10 | 15 |
| ReservesCr | 20 | 25 | 38 | 40 |
| BorrowingsCr | 36 | 36 | 39 | 45 |
| Fixed AssetsCr | - | - | - | 50 |
| Total AssetsCr | 105 | 105 | 127 | 145 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 8 | 7 | 4 | 9 |
| Investing Cash FlowCr | -16 | -2 | -10 | -9 |
| Financing Cash FlowCr | 8 | -5 | 6 | 0 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Strong promoter-driven business with deep market understanding and relationships. Established presence in the polymers/trading/manufacturing segment with long-standing industry experience.
- Diversified product portfolio catering to multiple industrial applications.
- Cordial relationship with the customers/ dealers/ distributors and established manufacturing facilities.
- Quality Products with Certifications.
Strategies · as stated in the DRHP
- Continue to optimize our product mix to improve margins.
- Expanding our dealers/ distributors network by geographic expansion and product diversification.
- Reduction of operational costs and achieving efficiency.
- Continue to improve operating efficiencies through mechanical & technology enhancements.
- Optimal Utilization of Resources.
- Utilisation of Existing Capacities.
Risks · as stated in the DRHP
- There are outstanding litigation proceedings involving the Company, its Promoters, an adverse outcome in which, may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.
- Some of the manufacturing facilities and warehouses of the Company is located on leased premises. If the company is unable to renew such lease agreements or relocate on commercially suitable terms, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's revenue has been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company's results of operations.
- The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on the company's financial condition and cash flows.
- In addition to the company's existing indebtedness for its existing operations, the company may incur further indebtedness during the course of business. Its cannot assure that the company would be able to service its existing and/ or additional indebtedness.