About Shree TNB Polymers Ltd IPO
Shree TNB Polymers IPO is a book-built issue comprising a fresh issue of up to 60 lakh equity shares. The Equity Shares are proposed to be listed on the BSE SME platform. Corporate Makers Capital Limited is acting as the Book Running Lead Manager, while MUFG Intime India Private Limited is the Registrar to the Issue.
The Company is promoted by Vijay Jaysukhlal Thosani, Rasikbhai Gokalbhai Bhalodi, Deepak Kumar 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 funds raised through the fresh issue are proposed to be utilized towards capital expenditure for the purchase of plant and machinery, purchase and installation of a solar rooftop power generation system, part-financing the construction and installation of a pre-engineered building for a new manufacturing facility, repayment of certain borrowings, and general corporate purposes.
About Shree TNB Polymers Limited
Shree TNB Polymers Limited, incorporated in 2007, is a polymer manufacturing company specializing in piping systems, irrigation solutions and industrial polymer products. The Company caters to infrastructure, agriculture, water management, construction and industrial applications.
Its product portfolio includes HDPE pipes and fittings, PP/PPH pipes and fittings, Double Wall Corrugated (DWC) pipes, sprinkler and drip irrigation systems, solid industrial sheets and Well Pack sheets. These products are used across applications such as potable water supply, irrigation, borewell and underground water extraction, sewerage and drainage, telecom cable protection, highway infrastructure, industrial fabrication and packaging.
The Company markets its products under established brands including “NOBLE” for its piping division, “TIRUPATI” for solid industrial sheets and “WELLPACK” for corrugated/flute board sheets. It also undertakes manufacturing of HDPE pipes and solid industrial sheets for various corporate customers and dealers.
TNB Polymers operates on both B2B and B2C models and has built a distribution network of more than 325 dealers across key markets including Pune, Mumbai, Chennai, Indore, Delhi and Ahmedabad. Its market presence extends across Gujarat, Maharashtra, Rajasthan, Uttar Pradesh, Bihar, Karnataka and Madhya Pradesh.
The Company has manufacturing facilities in Silvassa, Dadra and Nagar Haveli, spread cumulatively across approximately 23,028 sq. m., with a combined installed capacity of 24,000 MT per annum across its product range. The facilities are supported by automated extrusion, moulding and finishing processes, along with an in-house quality testing laboratory.
The Company’s products are manufactured in accordance with various BIS and ISO standards, TNB Polymers is also ISO 9001:2015 and ISO 14001:2015 certified.
As at July 31, 2026, the Company had a total workforce of 337 personnel, comprising 298 full-time employees and 39 contract labourers.
Shree TNB Polymers IPO is a book-built issue comprising a fresh issue of up to 60 lakh equity shares. The Equity Shares are proposed to be listed on the BSE SME platform. Corporate Makers Capital Limited is acting as the Book Running Lead Manager, while MUFG Intime India Private Limited is the Registrar to the Issue. The Company is promoted by Vijay Jaysukhlal Thosani, Rasikbha
Shree TNB Polymers IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 49.93% | 29,95,800 crores |
| Non-Institutional Investors (NIIs) | 15.05% | 9,03,000 crores |
| Retail Individual Investors (RIIs) | 35.02% | 21,01,200 crores |
Shree TNB Polymers IPO Strengths & Weaknesses
The Company is backed by an experienced promoter group with 8 to 40+ years of industry and business experience, supported by a professional management team .
The Company had a diversified product portfolio offering a wide range of HDPE, PP/PPH and DWC pipes, irrigation systems, solid industrial sheets and Well Pack sheets.
The Company has an established manufacturing and distribution network where it operates manufacturing facilities spread across 23,028 sq. m. in Silvassa and has a network of 325+ dealers and distributors across key Indian markets.
The Company’s manufacturing and quality systems are supported by various BIS and ISO certifications.
Shree TNB Polymers IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 30 Sep '26 | 05 Oct '26 | 01 Oct '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹2,08,000 crores) |
| Fresh Issue | 5,70,000 shares (aggregating up to ₹57,00,000 crores) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Shree TNB Polymers IPO Lot Size and Investment Details
| Minimum Lot Size | 2,000 shares |
| Maximum Lot Size (Retail) | 8,000 shares |
The lot size of Shree TNB Polymers ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Shree TNB Polymers IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Shree TNB Polymers IPO Contact & Registrar Details
Contact Details
Address
Sr No132/1/1/4 Behind Prince Pipes Athal Road Silvassa
Phone Number
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
Shree TNB Polymers Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Corporate Makers Capital Ltd |