Injecto Polymers IPO IPO
Injecto Polymers IPO – Date, Price, GMP, Review, Allotment & Details
Injecto Polymers IPO IPO Details
Injecto Polymers IPO is a proposed SME public issue of Injecto Polymers Limited. The company has filed a Draft Red Herring Prospectus for a fresh issue of up to 56,13,500 equity shares of face value ₹10 each. The issue is proposed to be listed on the BSE SME platform. The company operates in the plastic and polymer packaging sector and manufactures products including polypropylene woven fabrics and bags, BoPP bags, leno bags, pouches, FIBC bags and non-woven bags. It also trades in plastic granules and PVC resins. The IPO proceeds are proposed to support debt repayment, Phase IV capital expenditure at its existing manufacturing facility in West Bengal and general corporate purposes.
Injecto Polymers IPO IPO GMP
Injecto Polymers IPO GMP is currently ₹0 according to available grey-market tracking. GMP is an unofficial indicator and can change frequently based on market demand and investor sentiment. It should not be considered a guaranteed listing gain.
Injecto Polymers IPO IPO Timeline (Tentative)
Injecto Polymers IPO is scheduled to open for subscription on September 11, 2026 and close on September 16, 2026. The basis of allotment is expected to be finalized on September 17, refunds are expected to begin on September 18, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are scheduled to list on BSE SME on September 21, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Fri, Sep 11, 2026 |
| IPO Close Date | Wed, Sep 16, 2026 |
| Basis of Allotment | Thu, Sep 17, 2026 |
| Initiation of Refunds | Fri, Sep 18, 2026 |
| Credit of Shares to Demat | Fri, Sep 18, 2026 |
| Listing Date | Mon, Sep 21, 2026 |
| IPO Opens | September 11, 2026 |
| IPO Closes | September 16, 2026 |
| Basis of Allotment | September 17, 2026 |
| Refund Initiation | September 18, 2026 |
| Credit of Shares to Demat | September 18, 2026 |
| Listing Date | September 21, 2026 |
Injecto Polymers IPO IPO Lot Size
The Injecto Polymers IPO lot size is 1,200 shares. At the upper price band of ₹100 per share, one lot requires an investment of ₹1,20,000. Since SME IPO applications generally require a minimum application value of ₹2 lakh, the minimum individual application is 2 lots, or 2,400 shares, requiring ₹2,40,000 at the upper price band.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,40,000 |
| Retail (Max) | 8 | 9,600 | 9,60,000 |
| S-HNI (Min) | 3 | 3,600 | 3,60,000 |
| S-HNI (Max) | 8 | 9,600 | 9,60,000 |
| B-HNI (Min) | 9 | 10,800 | 10,80,000 |
Injecto Polymers IPO IPO Reservation
Injecto Polymers IPO comprises a total issue size of 56,13,500 shares. The issue is entirely a Fresh Issue. As per the proposed reservation structure, not more than 50% of the net issue is available to QIBs, not less than 15% to NIIs and not less than 35% to Retail Individual Investors.
Injecto Polymers IPO IPO Subscription
Injecto Polymers IPO has not yet opened for subscription. Therefore, category-wise subscription figures are not available at present. The live subscription data will be updated after bidding begins on September 11, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Injecto Polymers IPO
Injecto Polymers Limited is a Kolkata-based manufacturer and trader of plastic and polymer packaging products. Its manufactured products include polypropylene woven fabrics and bags, BoPP bags, leno bags, LD and polyester pouches, FIBC bags and non-woven bags. The company also trades in plastic granules and PVC resins. Its products are used across agriculture, construction, textiles, chemicals, consumer goods and other industrial applications.
The company primarily follows a business-to-business model and supplies products to institutional and industrial customers. Its products can be customised in different shapes and sizes according to customer requirements. The key raw materials used in manufacturing include polypropylene granules, LLDPE, LDPE, HDPE, plastic resins and specialty polymers.
The company operates from West Bengal and has proposed to use part of the IPO proceeds for Phase IV capital expenditure at its existing manufacturing facility at Jaugram, Abujhati, Jamalpur, West Bengal.
Strengths
- Diversified portfolio of plastic and polymer packaging products serving multiple industries.
- B2B business model with institutional and industrial customers.
- Product customisation capabilities across different shapes and sizes.
- Strong improvement in revenue and profitability during FY2023 to FY2025.
- Proposed expansion through Phase IV capital expenditure at its existing manufacturing facility.
Risks to Consider
- The company operates in a competitive plastic and polymer packaging industry.
- Profitability may be affected by fluctuations in polymer, resin and other raw-material prices.
- The business requires substantial working capital and has significant borrowings.
- Demand from industrial and institutional customers can influence revenue and capacity utilisation.
- SME-listed shares may experience relatively lower liquidity and higher price volatility.
Injecto Polymers IPO Financials (₹ Cr)
Injecto Polymers reported strong growth in its financial performance over the last three financial years. Total income increased from ₹96.62 crore in FY2023 to ₹109.80 crore in FY2024 and further to ₹261.85 crore in FY2025. Profit after tax improved from ₹2.07 crore in FY2023 to ₹4.44 crore in FY2024 and ₹8.11 crore in FY2025. Net worth increased from ₹17.60 crore in FY2023 to ₹47.33 crore in FY2025.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | ₹96.62 Cr | ₹2.07 Cr | ₹107.21 Cr | ₹17.60 Cr |
| FY2024 | ₹109.80 Cr | ₹4.44 Cr | ₹121.25 Cr | ₹21.22 Cr |
| FY2025 | ₹261.85 Cr | ₹261.85 Cr | ₹170.57 Cr | ₹47.33 Cr |
KPIs & Valuation
At the IPO price band of ₹90–₹100, Injecto Polymers is valued at approximately 14.85x–16.50x FY2025 basic earnings on a pre-issue basis. Its FY2025 basic EPS was ₹6.06 and NAV was ₹14.58 per share. The company reported 17.13% RoNW and 13.91% ROCE for FY2025, while debt-to-equity stood at 2.14x.
Objects of the Issue
The ₹56.14 crore IPO is a 100% Fresh Issue of 56,13,500 equity shares. The company proposes to use the proceeds for repayment or prepayment of borrowings, Phase IV capital expenditure at its existing manufacturing facility and general corporate purposes.
- The company proposes to utilise the IPO proceeds for:
- Repayment and/or pre-payment, in full or part, of certain borrowings.
- Funding capital expenditure for Phase IV at the existing manufacturing facility at Jaugram, Abujhati, Jamalpur, West Bengal.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Injecto Polymers Limited is promoted by Ramesh Kumar Rateria, Ashok Kumar Rateria, Suman Financial Advisory Private Limited, Suman Towers Private Limited, Vinayak Tie-Up Private Limited, Nivedeeka Commercial Private Limited and Bhagyashri Trading Private Limited. Indcap Advisors Private Limited is the Book Running Lead Manager and Integrated Registry Management Services Private Limited is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Integrated Registry Management Services Private Limited |
|---|---|
| Phone | +91 44 28140801 / +91 44 28140803 |
| einward@integratedindia.in | |
| Website | https://www.integratedregistry.in/ |
Injecto Polymers IPO IPO Review
Injecto Polymers has established a diversified presence in the plastic and polymer packaging segment, with products serving agriculture, construction, textiles, chemicals and consumer-goods applications. Its financial performance also improved materially during FY2023–FY2025, with total income increasing from ₹96.62 crore in FY2023 to ₹261.85 crore in FY2025 and PAT rising from ₹2.07 crore to ₹8.11 crore.
A positive aspect of the IPO is the proposed use of funds for debt reduction and Phase IV expansion. The fresh issue will provide capital for strengthening the manufacturing setup while also reducing part of the company's borrowing burden. However, investors should consider the company's relatively high debt-to-equity ratio, working-capital requirements and exposure to raw-material price movements.
At the ₹90–₹100 price band, the IPO is valued at approximately 14.85x–16.50x FY2025 basic earnings on a pre-issue basis. The post-issue valuation based on the same FY2025 PAT and post-issue share capital is approximately 23.08x–25.64x. Investors should evaluate the final valuation alongside the company's future earnings and SME-market risks.
How to Apply
Injecto Polymers IPO applications can be made through ASBA or UPI after the issue opens. The IPO is scheduled to open on September 11, 2026 and close on September 16, 2026. The minimum individual application is 2 lots of 1,200 shares each, requiring ₹2,40,000 at the upper price band of ₹100.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select Injecto Polymers IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Eligible investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP, RHP and Prospectus for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds. The DRHP was filed on September 22, 2025, and SEBI approval was received on December 18, 2025.
Last updated Sep 8, 2026.