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Shree TNB Polymers IPO

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Profile
Issue Size 22.76 Cr
Profile
Price Range 50  to  53 per share
Profile
Min Investment ₹53
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

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. Read More

Basic Info

Face Value 10 per share

Price 50  to  53 per share

P/E (x) 11.3

Sales( Cr.) 198

PAT( Cr.) 7

EPS 4.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Rasikbhai Gokalbhai Bhalodi Shilpaben Rasikbhai Bhalodi Vijay Jaysukhlal Thosani Beena Vijay Thosani Deepakkumar Qeematrai Raura Reeta Deepak Raura Kishan Chandulal Patel Vipul Gokalbhai Bhalodi Hasmukhbhai Gokalbhai Bhalodi Jignaben Vipulbhai Bhalodi Jalpaben Hasmukhbhai Bhalodi

Pre Issue Share Holding 45.56%

Post Issue Share Holding 32.76%

Listing Details:

Listing Price: --

Listing Gain: --

Current Price: --

Gain On Issue: 0 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 28, 2026
Closing Date Oct 05, 2026
Allotment Oct 06, 2026
Refund Oct 07, 2026
Delivery of Shares Oct 07, 2026
Listing Date Oct 08, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 212,000
Retail (Max) -- -- --
S-HNI (Min) 1 4000 212,000
S-HNI (Max) 4 16000 848,000
B-HNI (Min) 5 20000 1,060,000

Objective of the Issue

1. Capital Expenditure for purchase of machineries 2. Capital Expenditure for the purchase and installation of Solar panel/ Roof top 3. Part finances the capital expenditure for construction/ installation of Pre-Engineered Building (PEB) structure for new manufacturing facility 4. Repayment of certain borrowings 5. To meet out the General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 1140000 1942000 1.7x
NII 1158000 2856000 2.5x
Retail 1996000 3424000 1.7x
EMP 0 0 0x
Total 4294000 8222000 1.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Shree TNB Polymers Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 84 93 85 112 117 97 129 173 208 176 198
Other Income 1 0 0 0 0 0 0 0 0 0 0
Total Income 85 94 85 112 117 97 130 173 208 176 198
Total Expenditure 79 86 78 105 109 90 122 162 193 160 178
Operating Profit 6 7 7 8 8 8 8 11 15 16 20
Interest 4 4 4 4 5 4 3 4 6 6 6
Depreciation 1 3 3 2 2 2 2 3 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 1 1 3 4 7 7 10
Provision for Tax 1 -0 0 0 0 0 1 2 2 1 3
Profit After Tax 1 1 0 1 1 1 2 2 5 6 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 0 1 1 1 2 2 5 6 7
Adjusted Earnings Per Share 0.5 0.7 0.4 0.9 0.8 0.6 1.7 1.6 3.7 3.8 4.6

Shree TNB Polymers Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 15 16 16 17 20 21 24 29 34 49 56
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 4 2 2 3 5 9 12 10 7 9
Other Non-Current Liabilities 2 2 2 1 2 2 2 3 4 4 5
Total Current Liabilities 30 45 37 39 46 43 49 61 57 68 76
Total Liabilities 53 67 57 60 70 70 83 105 105 127 145
Fixed Assets 28 25 23 22 24 23 25 36 40 47 50
Other Non-Current Assets 0 0 0 3 1 1 2 6 1 1 3
Total Current Assets 25 42 34 35 45 46 56 64 65 80 92
Total Assets 53 67 57 60 70 70 83 105 105 127 145

Shree TNB Polymers Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 9 4 4 13 2 6 5 8 7 4 9
Cash Flow from Investing Activities -9 -0 -0 -4 -2 -2 -6 -16 -2 -10 -9
Cash Flow from Financing Activities 0 -4 -4 -8 -0 -4 1 8 -5 6 0
Net Cash Inflow / Outflow 0 -0 -0 0 0 0 -0 0 -0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Shree TNB Polymers Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.54 0.66 0.42 0.93 0.78 0.64 1.72 1.61 3.75 3.76 4.65
CEPS(Rs) 1.36 3.47 2.88 3.19 2.93 2.87 3.76 3.6 6.16 5.81 7.16
DPS(Rs) 0 0 0 0 0 0 0 1.33 0 0 0
Book NAV/Share(Rs) 15.05 15.71 16.13 17.05 17.8 18.43 20.51 21.73 25.48 31.64 36.29
Core EBITDA Margin(%) 5.07 7.1 7.88 6.58 6.71 7.43 5.99 6.2 7.35 9.04 10.03
EBIT Margin(%) 5.56 4.4 5.08 4.81 4.92 5.26 4.31 4.89 5.92 7.48 8.18
Pre Tax Margin(%) 1.24 0.53 0.69 1.05 1.01 1.24 1.98 2.52 3.2 4.1 5.13
PAT Margin (%) 0.6 0.66 0.49 0.84 0.74 0.73 1.56 1.26 2.42 3.29 3.6
Cash Profit Margin (%) 1.49 3.51 3.38 2.9 2.79 3.3 3.41 2.81 3.98 5.07 5.55
ROA(%) 1.1 1.12 0.69 1.61 1.33 1.02 2.63 2.3 4.78 4.97 5.23
ROE(%) 3.68 4.27 2.63 5.59 4.67 3.52 9.03 8.14 15.87 13.95 13.69
ROCE(%) 12.35 10.08 9.9 12.58 13.21 11.04 11.31 14.42 18.24 16.73 17.3
Receivable days 55.27 65.58 87.09 56.66 69.51 92.61 61.26 44.94 49.27 80.56 85.97
Inventory Days 30.78 38.76 53.43 42.75 42.49 61.92 62.63 65.22 55.24 61.67 62.54
Payable days 21.24 53.33 69.53 46.04 68.29 95.05 81.11 78.48 67.55 88.38 93.2
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.41 0.37 0.4 0.27 0.28 0.34 0.27 0.26 0.21 0.28 0.3
EV/Core EBITDA(x) 5.76 4.73 4.93 3.88 4.03 4.33 4.41 4.01 2.9 3.06 2.98
Net Sales Growth(%) -5.53 11.33 -9.3 32.1 4.74 -17.1 33.18 33.39 20.46 -15.49 12.8
EBIT Growth(%) 4.06 -13.72 -0.68 22.24 7.01 -11.34 9.1 51.49 45.84 6.74 23.34
PAT Growth(%) -30.36 21.02 -36.26 121.26 -7.79 -17.95 182.9 7.41 132.03 14.72 23.63
EPS Growth(%) -30.36 21.02 -36.26 121.26 -16.18 -17.95 169.43 -6.02 132.04 0.38 23.63
Debt/Equity(x) 1.84 1.78 1.71 1.37 1.32 1.25 1.16 1.22 1.05 0.79 0.8
Current Ratio(x) 0.85 0.92 0.92 0.9 0.99 1.07 1.14 1.05 1.14 1.18 1.22
Quick Ratio(x) 0.56 0.63 0.58 0.55 0.69 0.61 0.63 0.44 0.68 0.69 0.76
Interest Cover(x) 1.29 1.14 1.16 1.28 1.26 1.31 1.85 2.06 2.17 2.22 2.68
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 5% 15% 9%
Operating Profit CAGR 25% 22% 20% 13%
PAT CAGR 17% 52% 48% 21%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 14% 15% 12% 8%
ROCE Average 17% 17% 16% 13%

Company Contact Information

Shree TNB Polymers Ltd

Niyati Vishal Shah

+91- 9662602584

cs@shreetnbpolymers.in

Sr. No.132/1/1/4, Behind Prince Pipes Athal Road Athal

IPO Lead Manager(s)

Shree TNB Polymers Ltd

Corporate Makers Capital Ltd

Registrar Info

Shree TNB Polymers Ltd

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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