Back to Live IPO Tracker
Shree Tnb Polymers Limited logo
SHREETNBSMELISTEDBSE

Shree Tnb Polymers Limited

Capital Goods & Infrastructure • Total Issue: ₹32 Cr

Grey Market Premium
+₹8.21(+15.49%)
Indicative Listing: ₹61.21
Source: IPOAlerts • Updated 2/10/2026
Price Band & Minimums
Offer Price Band
₹50.00 - ₹53.00
Lot Size
2000 shares
Min Investment
₹1,06,000
Subscription Status
0.00x
Bidding in Progress
Final cumulative subscription
Estimated Listing Gain
+15.49%
Indicative listing: ₹61.21
Calculated from unofficial GMP, not an actual listing-day return.

Category-Wise Subscription Breakdown

Final cumulative subscription · Overall 0.00x

QIB
0.00x
Final bids
NII
0.00x
Final bids
Retail
0.00x
Final bids
Employee
0.00x
Final bids
Total
0.00x
Final bids

Valuation Multiples & Key Ratios

P/E Ratio
18.40x
Market Cap
₹1450.00 Cr
EPS
₹2.88
RoNW
19.80%
NAV / Share
₹12.62
P/B Ratio
4.20x
NSE Market Pulse ResearchSector Climate: PREMIUM

Sector Valuation Anchors & Multiples

Comparing Shree Tnb Polymers Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.

View Source Report
Price to Earnings (P/E)
IPO Asking P/E:18.40x
Sector Current P/E:34.60x
10-Yr Historical Mean:28.20x
-34.8% discount vs 10Y mean
Asset & Earnings Ratios
IPO Asking P/B:4.20x
Sector P/B Ratio:4.20x
Sector YoY Earnings Growth:+21.50%
Sector Dividend Yield:0.85%
Institutional Net Flows
FII Net Flow (Monthly):₹2190.00 Cr
NSE Commentary:

“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”

Educational Context Only: Official benchmarks published by NSE Economic Policy & Research — Market Pulse. Valuations provide macro reference and do not constitute investment advice.
Sector ID: INFRASTRUCTURE

Grey Market Premium (GMP) History

Real-time multi-observation premium trend line and daily price movements.

Latest GMP
+₹8.21
Peak GMP
+₹8.21
Observations
2 points
2 Oct:+₹8.21Est Gain: +15.5%
₹10₹8₹5₹3₹024 Sept2 Oct
Historical Daily Observations (2)
24 Sept
+₹7.67
2 Oct
+₹8.21

IPO Timeline & Schedule

Bidding Opens
2026-09-28
Bidding Closes
2026-10-05
Allotment Date
2026-10-06
Refunds Init
2026-10-07
Demat Credit
2026-10-07
Listing Date
2026-10-08

About Shree Tnb Polymers Limited

Shree TNB Polymers operates in the polymer manufacturing sector, producing a range of plastic products across its three primary divisions: the Piping Division, the Solid Industrial Sheets Division, and the Corrugated/Flute Board Sheets Division. The company’s core business involves manufacturing and distributing these items under distinct brand names, specifically Noble, Tirupati, and Balaji (Wellpack). Its manufacturing operations are centralized in two facilities located in Silvassa, Dadra and Nagar Haveli. The company generates revenue through the sale of its manufactured products to various customer segments, including business houses, other manufacturing facilities, government entities, and end consumers. These sales are facilitated through direct channels as well as an established network of over 325 dealers and distributors across multiple states. Its product offerings cater to diverse industrial and consumer needs, relying on raw materials to maintain its manufacturing output.

Key Business Strengths

  • Diverse product portfolio across piping, corrugated, and solid industrial sheets.
  • Established network of over 325 dealers across key commercial hubs.
  • Strategically located manufacturing facilities near major industrial areas.
  • Proven track record of consistent revenue generation across multiple brand divisions.
  • Expanding market footprint across diverse regional markets and states.

Key Risks & Challenges

  • High dependence on top ten customers for significant portions of revenue.
  • Business operations rely on leased manufacturing facilities and warehouses.
  • Potential under-utilization of newly expanded manufacturing capacities.
  • Volatility in the supply and pricing of raw materials impacting profit margins.
  • Subject to strict regional regulations and potential penalties for delayed compliance.

Transparency & Informational Notice

Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.