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Injecto Polymers IPO
Price Band
₹98.0–100.0
Issue Size
₹56.12 Cr
Lot Size
1,200 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
—
Issue Price
₹100.0
Injecto Polymers IPO AI Summary
- Injecto Polymers IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹98.0–₹100.0 per share, lot size 1,200 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 11 Sep–16 Sep 2026, listing on 21 Sep 2026.
Injecto Polymers Limited is an SME in the packaging sector, offering a diverse range of products and customized solutions. With a solid growth trajectory in revenue and profit, the company aims to utilize IPO proceeds for strategic expansion and debt repayment.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.23x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.57x
|
1.57x |
| NII (HNI) |
1.05x
|
1.05x |
| ↳ bNII (>₹10L) |
1.47x
|
1.47x |
| ↳ sNII (<₹10L) |
0.22x
|
0.22x |
| Retail (RII) |
1.28x
|
1.28x |
| Total | 1.23x | 1.23x |
Auto-updated every 5 min · As of 16th Sep 2026 18:56
Injecto Polymers IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Injecto Polymers Limited business operations include: Manufacturing – It produce a wide range of packaging products such as Polypropylene Woven Fabrics & Bags, BoPP Bags, Leno Bags, LD & Polyester Pouches, FIBC Bags, and Non-Woven Bags. These products cater to industries like agriculture, food, pharmaceuticals, textiles, chemicals, construction, and consumer goods. Trading – Trade in plastic granules and PVC resins. The company operates on a B2B model, offering customized packaging solutions in various shapes and sizes. Raw materials used include PP, LLDPE, LDPE, HDPE, resins, and specialty polymers. To ensure quality, it maintain in-house testing facilities and hold ISO 9001:2015, ISO 22000:2018, and BIS certification for food-grade packaging. Manufacturing: Two manufacturing units, 1 in Jaugram, Jamalpur, West Bengal and Unit II is in Howrah, West Bengal Strong Customer Relationship Multi - Product Portfolio & Customisation Capabilities Locational Advantage of our manufacturing units Quality Standard Certifications & Quality Tests Experienced Promoter and Senior Management Team
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 270.93 | 170.57 | 121.25 |
| Total Income | 375.83 | 261.85 | 109.80 |
| Profit After Tax | 16.01 | 8.11 | 4.44 |
| EBITDA | 38.04 | 22.57 | 12.35 |
| NET Worth | 63.34 | 47.33 | 21.22 |
| Reserves and Surplus | 48.16 | 32.15 | 7.84 |
| Total Borrowing | 165.19 | 101.11 | 83.35 |
Key Ratios
EPS
₹10.55
NAV
₹41.73
ROE
28.94%
ROCE
15.64%
RoNW
41.73%
P/B Value
2.40
P/E Ratio
9.48
Market Cap
₹207.90 Cr
PAT Margin
4.26%
Debt/Equity
2.61
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Rdb Rasayans Ltd | 13.74% | 9.04 | 19.17 | 19.17 |
| Emmbi Industries Ltd | 4.06% | 19.43 | 4.22 | 4.22 |
| Injecto Polymers Ltd. This IPO | 25.28% | — | 10.55 | 10.55 |
Promoters
Ramesh Kumar Rateria, Ashok Kumar Rateria, Suman Financial Advisory Pvt.Ltd., Suman Towers Pvt.Ltd., Vinayak Tie-Up Pvt.Ltd., Nivedeeka Commercial Pvt.Ltd., Bhagyashri Trading Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Company 10.00 2 Funding the Capital expenditure towards setting up phase IV at existing manufacturing facility, Unit-I, situated at NH2 Bypass Road, Jaugram, Abujhati, Jamalpur, West Bengal 30.50 3 General Corporate Purposes 7.28 4 Issue Expense 8.34 Total 56.12
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹109.80 Cr in the period ending 31 Mar 2024, rising to ₹261.85 Cr by 31 Mar 2025, and further increasing to ₹375.83 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹4.44 Cr for the period ending 31 Mar 2024, increasing to ₹8.11 Cr by 31 Mar 2025, and further rising to ₹16.01 Cr by 31 Mar 2026.
Valuation
Injecto Polymers has an EPS of ₹10.55, implying a P/E ratio of 9.48 at the issue price. In comparison, peers have P/E ratios ranging from 9.04 to 19.43.
Key Risks
Potential risks include fluctuations in raw material prices, competition in the packaging industry, and reliance on a limited number of customers.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price, based on demand and supply dynamics in this unofficial market.
Subscription Demand
The IPO received a total subscription of 1.23 times as of 16th September 2026, with the QIB category subscribed 1.57 times, NII category at 1.05 times, and retail investors at 1.28 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions.
Who May Want to Wait
Investors averse to high levels of debt or those looking for stable, low-risk investments may want to consider avoiding this IPO.
IPO Timeline, Explained
The IPO opens for subscription on 11th September 2026 and closes on 16th September 2026. Allotment of shares will be done on 17th September 2026, with the listing expected on 21st September 2026.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be affected by market conditions and investor sentiment.
This evaluation is generated from Injecto Polymers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Injecto Polymers IPO?
The price band of Injecto Polymers IPO is ₹98.0–₹100.0 per share.
When does Injecto Polymers IPO open and close?
Injecto Polymers IPO opens on 11 September 2026 and closes on 16 September 2026.
When does Injecto Polymers IPO list on the stock exchange?
Injecto Polymers IPO listed on 21 September 2026 at ₹100.0.
What is the lot size for Injecto Polymers IPO?
The lot size for Injecto Polymers IPO is 1200 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the lot size for this IPO?
The lot size for Injecto Polymers' IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹240,000.
What is the price band for the IPO?
The price band for the IPO is ₹98 to ₹100.
When is the listing date?
The listing date is 21st September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the shares will list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Sep 2026
Close
16 Sep 2026
Allotment
17 Sep 2026
Listing
21 Sep 2026
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