Injecto Polymers IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Individual investors (IND))
₹2,40,000
2 lots · 2,400 shares at the upper price band
Price band
₹98–100
Latest GMP
₹0
0.0% of the ₹100 upper band
Est. listing price
₹0
Issue size
₹53.29 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 11 Sept 2026, 5:03 pm | ₹0 | ₹0 |
| 11 Sept 2026, 5:01 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:50 pm | ₹0 | ₹0 |
| 11 Sept 2026, 12:49 pm | ₹0 | ₹0 |
| 11 Sept 2026, 8:05 am | ₹0 | ₹0 |
| 11 Sept 2026, 8:03 am | ₹0 | ₹0 |
| 11 Sept 2026, 7:00 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:55 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:50 am | ₹0 | ₹0 |
| 11 Sept 2026, 6:28 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:17 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:37 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:30 pm | ₹0 | ₹0 |
| 10 Sept 2026, 5:00 pm | ₹0 | ₹0 |
| 10 Sept 2026, 4:59 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:56 pm | ₹0 | ₹0 |
| 10 Sept 2026, 12:55 pm | ₹0 | ₹0 |
| 10 Sept 2026, 11:20 am | ₹0 | ₹0 |
| 10 Sept 2026, 8:08 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:13 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:10 am | ₹0 | ₹0 |
| 10 Sept 2026, 6:09 am | ₹0 | ₹0 |
| 9 Sept 2026, 5:09 pm | ₹0 | ₹0 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹98–100
- Issue size
- ₹53.29 Cr
- Lot size
- 1,200
- Opens
- 11 Sept 2026
- Closes
- 16 Sept 2026
- Allotment
- 17 Sept 2026
- Listing
- 21 Sept 2026
- Est. listing price
- ₹0
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Integrated Registry Management Services Pvt.Ltd.
- Minimum investment
- ₹2,40,000 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 18 Sept 2026
- Shares credited
- 18 Sept 2026
- Promoter holding
- 88.14% before · 64.35% after
- Lead managers
- Indcap Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 11 Sept 2026, 11:39 am.
Total subscription
0.29x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:10 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 11 to 16 Sep, 2026 |
|---|---|
| Listing Date | Mon, Sep 21, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹98 to ₹100 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,12,400 shares (agg. up to ₹ 56 Cr) |
|---|---|
| Reserved for Market Maker | 2,83,200 shares (agg. up to ₹ 3 Cr) CapitalSquare Financial Services Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 53,29,200 shares (agg. up to ₹ 53 Cr) |
| Net Offered to Public | 53,29,200 shares (agg. up to ₹ 53 Cr) |
| Share Holding Pre Issue | 1,51,77,200 shares |
| Share Holding Post Issue | 2,07,89,600 shares |
IPO Timetable (Tentative)
- IPO Open
- Fri, Sep 11, 2026
- IPO Close
- Wed, Sep 16, 2026
- Allotment
- Thu, Sep 17, 2026
- Refund
- Fri, Sep 18, 2026
- Credit of Shares
- Fri, Sep 18, 2026
- Listing
- Mon, Sep 21, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 15,96,000 | 29.95% | 28.44% |
| - Anchor Investor | 9,57,600 | — | 17.06% |
| - QIB (Ex. Anchor) | 6,38,400 | — | 11.37% |
| NII (HNI) | 18,66,000 | 35.01% | 33.25% |
| - bNII > ₹10L | 12,44,400 | — | 22.17% |
| - sNII < ₹10L | 6,21,600 | — | 11.08% |
| Retail | 18,67,200 | 35.04% | 33.27% |
| Firm Reservations | |||
| Market Maker | 2,83,200 | — | 5.05% |
| Total | 56,12,400 | 100.00% | 100.00% |
Injecto Polymers IPO comprises a total issue size of 56,12,400 shares. The net offer to the public is 53,29,200 shares, after excluding 2,83,200 shares allotted on a firm basis. Of the Net offer 15,96,000 (29.95%) are allocated to QIB , 18,66,000 (35.01%) allocated to NII 18,67,200 (35.04%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,40,000 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,60,000 |
| S-HNI (Max) | 8 | 9600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10800 | ₹10,80,000 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Thu, Sep 10, 2026 |
|---|---|
| Shares Offered | 9,57,600 |
| Anchor Portion (₹ Cr.) | 9.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 17, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 16, 2026 |
Injecto Polymers IPO raises ₹ 9.58 crore from anchor investors . Injecto Polymers IPO Anchor bid date is September 10, 2026 .
📝 Anchor Investors Letter (PDF)
IPO Anchor Investors List
About Injecto Polymers Ltd.
Incorporated in September 1998, Injecto Polymers Private Limited, The Company is engaged in the manufacturing of a diverse range of plastic packaging products and the trading of plastic granules and Polyvinyl Chloride (PVC) resins. The Company manufactures a wide range of packaging products, including Polypropylene (PP) Woven Fabrics, PP Woven 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 across industries such as agriculture, construction, textiles, chemicals, food, pharmaceuticals, cosmetics and consumer goods. The Company primarily operates under a Business-to-Business (B2B) model, supplying customised packaging products in various shapes and sizes based on customer requirements.
Injecto Polymers operates two manufacturing units in West Bengal, located at Jaugram, Jamalpur and Andul Road, Howrah. The manufacturing facilities are supported by modern machinery, software-based monitoring systems and an in-house testing facility for quality and compliance checks. The Company's manufacturing units are certified under ISO 9001:2015 and ISO 22000:2018, and it also holds BIS certification for food-grade packaging, supporting its focus on product quality and food safety.
The Company serves institutional and industrial customers through bulk orders and offers a diversified product portfolio catering to multiple end-use industries. Its operations are supported by a focus on product customisation, quality control and customer relationships, while the location of its manufacturing facilities provides access to established industrial and logistics networks in West Bengal.
As of July 31, 2026, the Company had 158 permanent full-time employees.
Competitive Strengths
Strong customer relationships.
Locational advantage of manufacturing units.
Quality standard certifications and quality testing.
Multi-product portfolio and customisation capabilities.
Experienced promoters and senior management team.
Company Financials (Restated)
| 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 |
| Amount in ₹ Crore |
Injecto Polymers Ltd.'s revenue increased by 44% and profit after tax (PAT) rose by 97% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Packaging
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dhaval Packaging Ltd. | SME | ₹36.36 Cr | ₹97 | 12.05 | ₹111.68 | +15.13% | ₹115.75 |
| Diksha Polymers Ltd. | SME | ₹17.90 Cr | ₹112 | 9.79 | ₹120.20 | +7.32% | ₹200.00 |
| RFBL Flexi Pack Ltd. | SME | ₹35.33 Cr | ₹50 | 9.75 | ₹55.10 | +10.20% | ₹90.15 |
| Ecoline Exim Ltd. | SME | ₹76.42 Cr | ₹141 | 12.12 | ₹140.50 | -0.35% | ₹171.00 |
| Knack Packaging Ltd. | Mainboard | ₹439.50 Cr | ₹170 | 18.33 | ₹182.98 | +7.64% | ₹186.96 |
View More »
IPO Objects of the Issue
| # | 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 | — |
| Total | 40.50 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 28.94% |
| ROCE | 15.64% |
| Debt/Equity | 2.61 |
| RoNW | 41.73% |
| PAT Margin | 4.26% |
| EBITDA Margin | 10.13% |
| NAV | 41.73 |
| Price to Book Value | 2.40 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.55 | 7.70 |
| P/E (x) | 9.48 | 12.99 |
| Market Cap at Offer Price | ₹151.77 Cr. | ₹207.90 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.14% | 64.35% |
| Public | 11.86% | 35.65% |
| Total | 100% | 100% |
Company 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. and Bhagyashri Trading Pvt.Ltd..
Injecto Polymers IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Integrated Registry Management Services Pvt.Ltd.
044-28140801/28140803
irg@integratedindia.in
IPO Lead Manager(s)
Indcap Advisors Pvt.Ltd.
Contact Details
Injecto Polymers Ltd. Address
5 th Floor, Room No. 2, Gate No. 3,
Poddar Court, 18, Rabindra Sarani
Lalbazar
Kolkata, West Bengal , 700001
033 22378167
cs@injectopolymers.in
Injecto Polymers IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Injecto Polymers IPO Day 1 Subscription Status: 0.29x
HDFC Sky · 11 Sept 2026
Injecto Polymers IPO Day 1: Subscribed 0.27x; QIB surges to 1.02x late
scanx.trade · 11 Sept 2026
Injecto Polymers IPO Day 1 Subscription Status 11 Sep 2026
Univest · 11 Sept 2026
Two SME IPOs open for subscription today: Injecto Polymers, Century Business Media in focus
The Economic Times · 11 Sept 2026
Injecto Polymers Ltd Announces SME IPO Opening on September 11, 2026
openPR.com · 10 Sept 2026
Injecto Polymers' SME IPO to open on Friday
Prop News Time · 10 Sept 2026
Injecto Polymers IPO 2026: Price and Review
Univest · 9 Sept 2026
Business News | Injecto Polymers to Open Rs 56.12 Crore IPO on September 11
LatestLY · 9 Sept 2026