Issue Price
₹53
Per Share
GMP
+₹6
+11.32% Grey Market
Est. Listing
₹59
Expected Price
Min. Application
₹212,000
2 lots × 2000 shares
Incorporated on March 07, 2007, Shree TNB Polymers Limited is a Silvassa-based polymer manufacturing company specializing in piping systems and plastic solutions. The Company’s products are designed to meet the evolving demands of critical applications such as irrigation and agriculture, potable water supply schemes, sewerage and drainage systems, telecom cable protection, construction, and industrial usage.The company offers a diversified 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.It operates two manufacturing facilities at Silvassa across 23,028 sq. mtrs. with a combined installed capacity of 24,000 MT per annum, supported by in-house quality testing laboratories and BIS/ISO certifications across multiple Indian Standards. As of March 31, 2026, the company employed 318 full-time employees and maintained a 325+ dealer/distributor network across India, with exports to UAE, Sri Lanka, Oman, and Germany.As at July 31, 2026, we had 298 full-time employees and 39 contract labourers.Competitive Strengths: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 applicationsCordial relationship with the customers/ dealers/ distributors and established manufacturing facilitiesQuality Products with Certifications
Shree TNB Polymers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2,846,000 | — | ₹15.08 Cr | 1.35x |
| NII / HNI | 858,000 | — | ₹4.55 Cr | 2.96x |
| Retail (RII) | 1,996,000 | — | ₹10.58 Cr | 1.65x |
| Market Maker | 300,000 | — | ₹1.59 Cr | — |
| TOTAL | 5,700,000 | 100.00% | ₹30.21 Cr | 1.69x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹106,000 |
| Retail (Max) | 13 | 26,000 | ₹1,378,000 |
| sNII (Min) | 14 | 28,000 | ₹1,484,000 |
| bNII (Min) | 68 | 136,000 | ₹7,208,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 198.31 | 175.70 | 207.97 |
| EBITDA | 19.20 | 15.47 | 15.22 |
| Profit After Tax (PAT) | 7.13 | 5.77 | 5.03 |
| Net Worth | 55.68 | 48.55 | 34.21 |
| Total Assets | 145.26 | 127.38 | 105.03 |
| Reserves & Surplus | 40.34 | 38.32 | 25.26 |
| Total Borrowings | N/A | 38.50 | 35.82 |