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Shree TNB Polymers IPO

Shree TNB Polymers IPO is an SME issue scheduled to open for subscription on — and closed on —.

Price Band
TBA
GMP
Subscription
Listing

Overview

Shree TNB Polymers IPO is an SME issue scheduled to open for subscription on — and closed on —.

IPO Details

Shree TNB Polymers IPO is a Small and Medium Enterprise (SME) initial public offering scheduled to open for subscription on BSE SME. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.

The issue size is yet to be confirmed, and subscription dates are yet to be announced. Allotment is expected on and the equity shares are scheduled to list on .

Type
SME
Status
upcoming
Price band
TBA
Face value
₹10 (typical)
Lot size
Min investment (Retail)
TBA
Issue size
Fresh issue
OFS
Exchange
BSE SME
ISIN
TBA

Market Lot

Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.

IPO Reservation

Per SEBI guidelines, Shree TNB Polymers IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIBUp to 50%Mutual funds, FIIs, banks
NII / HNIUp to 15%Bids ≥ ₹2 lakh
RetailAt least 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    · Subscription opens
  2. Issue Close
    · Subscription closes
  3. Allotment
    · Basis of allotment finalised
  4. Refunds Initiated
    · Funds released for non-allottees
  5. Listing Date
    · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Shree TNB Polymers is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

Shree TNB Polymers IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

Shree TNB Polymers IPO allotment will be finalised by the registrar (TBA) on . Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About Shree TNB Polymers

Shree TNB Polymers Limited is a Silvassa (Dadra and Nagar Haveli)-based polymer manufacturer producing polymer sheets, piping systems, and flute board. The product portfolio serves industrial-packaging, construction, agricultural-irrigation, and infrastructure customer segments through a mix of bulk-industrial sales and select retail channel partnerships. Indian polymer-products manufacturing is a steady but commodity-exposed industrial category. Demand drivers include FMCG packaging (polymer sheets used in flexible packaging applications), construction (piping systems for water + drainage), agriculture (irrigation pipes under PMKSY and state-level irrigation programmes), and infrastructure (HDPE/PVC piping for urban water + sewage projects). However, polymer-input pricing volatility (crude-oil-linked) compresses gross margins when input prices spike and pass-through to customer pricing is slow. FY25 financials show a counterintuitive pattern: revenue ₹175.70 crore DOWN from ₹207.97 crore in FY24 (-15.5% YoY), but PAT ₹5.77 crore UP from ₹5.03 crore (+14.7% YoY). The combination of revenue decline + PAT growth implies meaningful margin expansion — either from product-mix shift toward higher-margin SKUs, input-cost optimisation, or operational-efficiency improvements. The pattern is interesting but requires RHP-level evaluation to understand drivers.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Shree TNB Polymers prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

The Shree TNB Polymers IPO proceeds will be utilised across multiple strategic objectives. Typical objects include capital expenditure for expansion, repayment of debt, general corporate purposes, working capital, and OFS by selling shareholders. Detailed breakdown with amounts will be updated here from the Red Herring Prospectus.

Financial Performance

Three-year financial performance for Shree TNB Polymers (amounts in ₹ Cr):

PeriodRevenueExpensePATTotal AssetsNet Worth
FY25175.75.77
FY24207.975.03

Valuation Snapshot

RoE
RoCE
EBITDA Margin
PAT Margin
3.28%
Debt/Equity
EPS
P/E Ratio
RoNW
NAV

Peer Comparison

Listed peers in the Industrial sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Supreme Industries
Astral Limited

Anchor Investors

Anchor investor bidding for Shree TNB Polymers typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

Book-Running Lead Managers (BRLMs) for Shree TNB Polymers will be listed once confirmed in the Red Herring Prospectus. Lead managers oversee pricing, marketing, and underwriting — typically Kotak, ICICI Securities, Axis Capital, HDFC, SBI Caps, JP Morgan, or Citigroup.

IPO Registrar

The registrar for Shree TNB Polymers IPO will be confirmed in the Red Herring Prospectus. The registrar handles allotment, refunds, and dematerialisation of shares.

Editorial Review

Shree TNB Polymers has filed for a BSE SME IPO. As of publication, exact issue size, price band, dates, lead manager and registrar were not consistently surfaced in publicly fetched sources at the detail depth needed for full evaluation. The FY24→FY25 financial pattern is interesting and warrants careful evaluation. Revenue declined ~15.5% (₹207.97 cr → ₹175.70 cr) but PAT grew ~14.7% (₹5.03 cr → ₹5.77 cr). This combination implies meaningful margin expansion — possible drivers include product-mix shift toward higher-margin SKUs, input-cost optimisation following 2024 crude-oil-derived polymer raw-material pricing changes, or operational-efficiency improvements. Without RHP-level disclosure on segment-revenue split and gross-margin trajectory, the exact driver framing is speculative. The business positioning is polymer sheets + piping systems + flute board for industrial-packaging, construction, agricultural-irrigation and infrastructure customers. Silvassa location places the company in India's polymer-manufacturing belt (Dadra and Nagar Haveli, Daman + Gujarat polymer cluster), providing logistics + supplier-network advantages. What's working: PAT margin expansion despite revenue decline implies operational quality; multi-segment product portfolio hedges single-end-market cycle; Silvassa polymer-cluster location provides logistical efficiency. What's concerning: revenue decline (-15.5% YoY) signals demand weakness or competitive pressure that needs RHP-level explanation; 3.28% PAT margin (FY25) is low for a SME industrial manufacturer — implies thin pricing power; BSE SME structural liquidity constraints; substantial public-data gap on issue parameters; polymer-input pricing volatility creates ongoing margin risk. Neutral pre-RHP. The revenue-decline-with-margin-expansion pattern is interesting but requires RHP-level disclosure to evaluate sustainability. Wait for full RHP with issue size, price band, segment-revenue split, and capital-deployment plan before sizing. Sizing modest given BSE SME structural constraints and the unresolved fundamental questions.

How to Apply for Shree TNB Polymers IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Shree TNB Polymers IPO during the bidding window ().
  3. Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on .
  7. Listing day — shares list on BSE SME on .

Risk Factors

1. Revenue decline (-15.5% YoY FY24→FY25) signals demand or competitive pressure — driver not yet RHP-disclosed. 2. Low PAT margin (3.28% FY25) implies thin pricing power vs commodity-cost volatility. 3. Polymer-input commodity pricing exposure — crude-oil-linked raw materials create margin volatility. 4. BSE SME structural liquidity constraints. 5. Competitive intensity — Supreme Industries, Astral and many SME polymer operators compete on similar product mixes.

Shree TNB Polymers IPO — FAQs

What is Shree TNB Polymers IPO?
Shree TNB Polymers IPO is a Small and Medium Enterprise (SME) initial public offering listing on BSE SME. The issue opens on — and closes on — with a price band of TBA per share.
What is the Shree TNB Polymers IPO price band?
The price band for Shree TNB Polymers IPO is TBA per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Shree TNB Polymers IPO lot size?
The minimum lot size for Shree TNB Polymers IPO is TBA shares per application. Minimum retail investment at the upper price band works out to approximately TBA.
When is the Shree TNB Polymers IPO opening date?
Shree TNB Polymers IPO opens for subscription on — and closes on —.
When is the Shree TNB Polymers IPO allotment date?
Basis of allotment is expected on —. Check your status on the registrar's website using your PAN.
When is the Shree TNB Polymers IPO listing date?
Shree TNB Polymers shares are expected to list on BSE SME on —.
What is the GMP of Shree TNB Polymers IPO?
GMP for Shree TNB Polymers is not currently tracked.
Who is the registrar of Shree TNB Polymers IPO?
The registrar is handling allotment, refunds, and dematerialisation for Shree TNB Polymers IPO.
How can I apply for Shree TNB Polymers IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately TBA (1 lot × TBA shares at upper band).
Should I apply for Shree TNB Polymers IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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