1. Company Overview
Shree TNB Polymers Limited (incorporated in March 2007) is an Indian polymer manufacturing company specializing in piping systems, agri-irrigation solutions, and specialized plastic sheets. Headquartered in Silvassa (Dadra & Nagar Haveli), the company was established to consolidate and scale the running operations of multiple entity partnerships, including Tirupati Plastic Industries, Noble Polymers, and Balaji Polymers.
-
Product Portfolio: Manufactures High-Density Polyethylene (HDPE) pipes & fittings, Polypropylene (PP) and Polypropylene Homopolymer (PPH) pipes & fittings, Double Wall Corrugated (DWC) pipes, sprinkler pipes, drip irrigation lateral systems, solid industrial sheets, and Well-pack sheets for industrial packaging.
-
Core Applications: Serves potable water distribution, sewerage and drainage systems, telecom cable ducting, agricultural drip irrigation, borewell water extraction, seawater intake systems, desalination plants, and industrial chemical processing.
-
Key Strategic Milestones:
-
2007: Consolidated founding partnership entities into a single public limited entity.
-
2012: Diversified into agri-solutions by launching drip irrigation systems and lateral pipe manufacturing.
-
2025: Expanded infrastructure piping capabilities by acquiring the running business of Noble Polytec (DWC Pipes segment) via a slump sale.
2. Performance
-
Operational Scale & Human Capital: Operates a integrated polymer extrusion facility in Silvassa supported by a workforce of over 180 employees.
-
Market Position: Established presence across infrastructure, municipal water supply, telecom protection, and agricultural sectors throughout Western and Central India.
-
Recent Business Expansion: Strategic acquisition of DWC pipe assets in 2025 strengthened market reach in municipal drainage, cable ducting, and civil infrastructure projects.
3. IPO Details
| Parameter |
Details |
| IPO Bidding Dates |
September 25, 2026 – September 29, 2026 |
| Tentative Listing Date |
October 5, 2026 (BSE SME Platform) |
| Issue Price Band |
₹47 to ₹52 per share |
| Face Value |
₹10 per equity share |
| Total Issue Size |
60,00,000 Equity Shares (aggregating up to ₹31.20 Crore) |
| Fresh Issue Portion |
60,00,000 Equity Shares (100% Fresh Issue) |
| Market Maker Quota |
3,00,000 Shares (~5% of issue size) |
| Minimum Retail Lot Size |
1 Lot (2,000 shares) = ₹1,04,000 (at upper price band) |
| Book Running Lead Manager |
Corporate Makers Capital Limited |
| Registrar to the Issue |
MUFG Intime India Pvt. Ltd. |
Objects of the Fresh Issue
-
Capital expenditure for purchasing new plant machinery.
-
Capital expenditure for setting up and installing rooftop solar panel systems.
-
Part-financing construction and installation of a Pre-Engineered Building (PEB) structure for a new manufacturing unit.
-
Full/partial repayment of existing secured borrowings.
-
General corporate purposes.
4. Financial Details
Financial Summary (Amounts in ₹ Crore)
| Financial Metric |
Metric Value / Details |
| Operating Revenue Range |
₹100.00 Cr – ₹500.00 Cr (FY25/FY26 range) |
| Authorised Share Capital |
₹18.00 Crore |
| Paid-up Equity Capital |
₹10.23 Crore |
| Implied Market Capitalization |
₹79.79 Crore (at upper price band of ₹52/share) |
