Injecto Polymers (SME IPO)
📅 Dates: 11-16 September • 💰 Issue Size: ₹56.12 Cr.Complete guide to Injecto Polymers SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (BSE SME) |
| Issue Dates | 11-16 September |
| Price Band | ₹98 to ₹100 |
| Total Issue Size | ₹56.12 Cr. |
| Minimum Market Lot | 2400 shares (Min. Inv: ₹2,40,000) |
| Listing Price (Debut) | ₹95.00 (-₹2.95 (-3.01%)) |
| Subscription Status | 1.23x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐☆☆☆ (2/5 - Low / Mild Demand) |
📅 Tentative Timetable
| IPO Open Date: | September 11, 2026 |
| IPO Close Date: | September 16, 2026 |
| Basis of Allotment: | September 17, 2026 |
| Refunds: | September 18, 2026 |
| Credit to Demat Account: | September 18, 2026 |
| IPO Listing Date: | September 21, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 1.57x |
| Non-Institutional / HNI | 1.05x |
| Retail Individual (RII) | 1.28x |
| Total Subscription | 1.23x (Updated: 07 Oct, 17:39) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2400 | ₹2,40,000 |
| Retail Maximum | 2 | 2400 | ₹2,40,000 |
| S-HNI Minimum | 3 | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 | 9,600 | ₹9,60,000 |
| B-HNI Minimum | 9 | 10,800 | ₹10,80,000 |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹109.80 | ₹104.86 | ₹4.44 | ₹121.25 |
| 2025 | ₹261.85 | ₹250.66 | ₹8.11 | ₹170.57 |
| 2026 | ₹375.83 | ₹352.84 | ₹16.01 | ₹270.93 |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Injecto Polymers manufactures a diverse portfolio of industrial plastic packaging solutions—including PP woven sacks, BoPP bags, FIBCs, and non-woven bags—while also trading plastic granules and PVC resins. The company earns revenue by supplying these essential packaging products across agriculture, construction, chemicals, food, and pharmaceuticals, alongside its material trading operations.🚀 Key Strengths & Growth Drivers
• Diversified Product Portfolio: Serves a wide array of resilient sectors including agriculture, FMCG, pharmaceuticals, and chemicals, mitigating industry-specific downturns.• Integrated Infrastructure: Operates two well-equipped manufacturing plants in West Bengal featuring software-based monitoring and in-house testing facilities for quality control.
• Growth-Oriented CapEx: A significant portion of the IPO proceeds is earmarked for expanding manufacturing capacities (Phase IV at Unit-I), signaling clear growth intent.
⚠️ Key Risks & Red Flags
• High Ticket SME Lot Size: With a minimum lot size of 2,400 shares at the upper price band of ₹100, the required investment per application is ₹2,40,000, demanding higher capital commitment from retail investors.• Debt Servicing: A portion of the proceeds is allocated toward debt repayment, highlighting that leverage has been a notable part of their capital structure.
• Commodity Price Volatility: The business is directly exposed to fluctuations in raw material prices (plastic granules and PVC resins), which can squeeze operating margins if costs cannot be fully passed on.
🎯 Retail Verdict
Given the ₹2.4 lakh high investment threshold typical of SME IPOs and exposure to raw material volatility, this is best suited for high-risk investors with a long-term horizon looking for industrial packaging exposure. Conservative retail investors should watch how the company executes its Phase IV expansion post-listing before diving in.🏢 About Injecto Polymers | Dates: 11-16 September | Price: ₹98 to ₹100 | Lot: 2400
Since its incorporation in September 1998, Injecto Polymers has been involved in the manufacturing of a wide range of plastic packaging products and the trading of plastic granules and Polyvinyl Chloride (PVC) resins. The firm 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.Its products are used in various industries such as agriculture, construction, textiles, chemicals, food, pharmaceuticals, cosmetics, and consumer goods. Injecto Polymers operates 2 manufacturing facilities in West Bengal, located at Jaugram, Jamalpur, and Andul Road, Howrah, which are equipped with modern machinery, software-based monitoring systems, and an in-house testing facility.
🎯 Objects of the Issue
• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company: ₹10.00 Cr• Funding the Capital expenditure towards setting up phase IV at our existing manufacturing facility, Unit-I, situated at NH2 Bypass Road, Jaugram, Abujhati, Jamalpur, West Bengal: ₹30.50 Cr
• General Corporate Purposes
📬 Registrar & Allotment Information
Integrated Registry Management Services Pvt. Ltd. Phone: 044-28140801/28140803 Email: [email protected] Website: Integrated India💬 Community Discussion & Views
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Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
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