Injecto Polymers IPO
Packaging • ₹56.12 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹100
Lot Size
1200 shares
Issue Size
₹56.12 Cr
Open
11 Sept 2026
Close
16 Sept 2026
Subscription
1.21×
IPO Schedule
| Issue Open Date | 11 Sept 2026 |
| Issue Close Date | 16 Sept 2026 |
| Allotment Date | 17 Sept 2026 |
| Listing Date | 20 Sept 2026 |
About Injecto Polymers
Injecto Polymers Limited is a manufacturer of packaging products and trades in plastic granules and polyvinyl chloride (PVC) resins. Its manufactured products include polypropylene (PP) woven fabrics and bags, biaxially oriented polypropylene (BoPP) bags, leno bags, low-density and polyester pouches, flexible intermediate bulk container (FIBC) bags, and non-woven bags. These products are used for packaging applications across industries such as agriculture, construction, textiles, chemicals, and consumer goods. The company primarily operates on a business-to-business (B2B) model and supplies products in customised shapes and sizes based on customer requirements. Its manufacturing operations use raw materials including PP granules, linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), plastic resins, and specialty polymers. The company operates two manufacturing units in West Bengal, located at Jaugram, Jamalpur, and Panchpara, Howrah. Unit I also has an in-house testing facility and a 1 MWp rooftop solar power plant. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company — Rs 10 crore Funding the capital expenditure towards setting up phase IV at the existing manufacturing facility — Rs 30.50 crore General corporate purposes
Company Details
Founders / Promoters
Mr Ramesh Kumar Rateria
Founded
1998
Registrar
Integrated Registry Mgt Ser.Pv
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Injecto Polymers — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.6x and elevated disclosed risk (9/10), Injecto Polymers listed at a discount of 1.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company manufactures polypropylene woven fabrics and bags, BOPP bags, leno bags, FIBC bags, and other packaging products used across food, agriculture, chemicals, construction and other industries
- The company operates two manufacturing units in West Bengal, with locations in proximity to Kolkata, Odisha, Jharkhand, Bihar, and major rice-producing regions. The company states that the facilities
- The company is ISO 9001:2015 certified for quality management systems and ISO 22000:2018 certified for food safety management systems. It also holds BIS certification for food-grade packaging and clai
- In addition to manufacturing packaging products, the company trades in plastic granules and PVC resins. A portion of the traded materials is used for captive consumption, while the remaining quantitie
- The company has completed two expansion phases at Unit I, increasing its installed capacity to 8,470 MT, while a further 2,400 MT capacity is undergoing commissioning. It also has a 2,400 MT operation
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Institutional subscription → score 0
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹100
Listing Price
₹99
Listing Gain/Loss
-1.00%
Listing Date
20 Sept 2026
Price Since Listing
Returns are measured against the ₹100 issue price.
Listing
₹99
-1.0%
1 Week
₹94
-6.0%
Current
₹96.9
-3.1%
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FAQ
What is the price band of Injecto Polymers IPO?
The price band is ₹100 per share with a lot size of 1200 shares. Minimum investment: ₹1,20,000.
What does Injecto Polymers do?
Injecto Polymers Limited is a manufacturer of packaging products and trades in plastic granules and polyvinyl chloride (PVC) resins. Its manufactured products include polypropylene (PP) woven fabrics and bags, biaxially oriented polypropylene (BoPP) bags, leno bags, low-density and polyester pouches, flexible intermediate bulk container (FIBC) bags, and non-woven bags. These products are used for packaging applications across industries such as agriculture, construction, textiles, chemicals, and consumer goods. The company primarily operates on a business-to-business (B2B) model and supplies products in customised shapes and sizes based on customer requirements. Its manufacturing operations use raw materials including PP granules, linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), plastic resins, and specialty polymers. The company operates two manufacturing units in West Bengal, located at Jaugram, Jamalpur, and Panchpara, Howrah. Unit I also has an in-house testing facility and a 1 MWp rooftop solar power plant. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company — Rs 10 crore Funding the capital expenditure towards setting up phase IV at the existing manufacturing facility — Rs 30.50 crore General corporate purposes
Should I apply for Injecto Polymers IPO?
Injecto Polymers listed at ₹99 (-1.0% discount to the ₹100 issue price) after 1.2x subscription. IPOFins Score 2/10: Driven by QIB demand at 1.6x and elevated disclosed risk (9/10), Injecto Polymers listed at a discount of 1.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Injecto Polymers?
Injecto Polymers was founded by Mr Ramesh Kumar Rateria in 1998.