Shree TNB Polymers IPO
Plastic products • ₹32cr
High risk because:
- Low institutional interest (QIB 0.4x subscription)
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹50-53
Lot Size
2000 shares
Issue Size
₹32cr
Open
28 Sept 2026
Close
05 Oct 2026
Subscription
0.13×
IPO Schedule
| Issue Open Date | 28 Sept 2026 |
| Issue Close Date | 05 Oct 2026 |
| Allotment Date | 06 Oct 2026 |
| Listing Date | 08 Oct 2026 |
About Shree TNB Polymers
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.
Company Details
Founders / Promoters
Mr Rasikbhai Bhalodi
Founded
2007
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
0.13×
Total Subscription
Investment Analysis
Shree TNB Polymers — IPOFins Verdict
QuantitativeDriven by QIB demand at 0.4x and elevated disclosed risk (8/10). 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.
- 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.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score −1.5
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.
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FAQ
What is the price band of Shree TNB Polymers IPO?
The price band is ₹50-53 per share with a lot size of 2000 shares. Minimum investment: ₹1,06,000.
What does Shree TNB Polymers do?
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.
Should I apply for Shree TNB Polymers IPO?
Shree TNB Polymers is drawing muted interest at 0.1x overall subscription (QIB 0.4x, retail 0.0x). IPOFins Score 2/10: Driven by QIB demand at 0.4x and elevated disclosed risk (8/10). 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 Shree TNB Polymers?
Shree TNB Polymers was founded by Mr Rasikbhai Bhalodi in 2007.