Injecto Polymers IPO Details

Bookbuilding IPO | ₹56 Cr | Listing at BSE SME | Fri, Sep 11, 2026 - Wed, Sep 16, 2026

Injecto Polymers IPO is a book build issue of ₹56.12 crores. The issue is entirely a fresh issue of 56.12 lakh shares of ₹56.12 crore.

Injecto Polymers IPO opens for subscription on Sep 11, 2026 and closes on Sep 16, 2026. The allotment for the Injecto Polymers IPO is expected to be finalized on Sep 17, 2026. Injecto Polymers IPO will list on the BSE SME with a tentative listing date fixed as Sep 21, 2026.

Injecto Polymers IPO is set issue price band at ₹98 to ₹100 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,60,000.

Indcap Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is CapitalSquare Financial Services Pvt.Ltd.

Refer to Injecto Polymers IPO RHP for detailed Information.

IPO Open

Fri, Sep 11, 2026

IPO Close

Wed, Sep 16, 2026

Price Band

₹98 to ₹100

Market Cap*

₹207.90 Cr * on Upper Price

IPO Details

IPO Date

11 to 16 Sep, 2026
Listing Date

Mon, Sep 21, 2026
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 Open

Fri, Sep 11, 2026
Allotment

Thu, Sep 17, 2026
Credit of Shares

Fri, Sep 18, 2026

IPO Close

Wed, Sep 16, 2026
Refund

Fri, Sep 18, 2026
Listing

Mon, Sep 21, 2026

Issue Reservation

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.

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%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

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

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.
(Updated on Sep 9, 2026)

Company Financials (Restated)

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. (Amount in ₹ Crore)

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

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%	₹115.35
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%	₹87.00

IPO 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
Total

40.50

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

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	₹152Cr.	₹207.90 Cr

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
Visit Website

IPO Lead Manager(s)

Indcap Advisors Pvt.Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

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
Visit Website

IPO FAQs

What is the Injecto Polymers IPO?

Injecto Polymers IPO is a SME IPO of 56,12,400 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹98 to ₹100. The minimum order quantity is 1200.

The IPO opens on Fri, Sep 11, 2026, and closes on Wed, Sep 16, 2026.

Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Injecto Polymers IPO through Angel One?

Angel One customers can apply online in Injecto Polymers IPO using UPI as a payment gateway. Angel One customers can apply in Injecto Polymers IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Injecto Polymers IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Injecto Polymers IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel OneIPO Application Process Review for more detail.

When Injecto Polymers IPO will open?

The Injecto Polymers IPO opens on Fri, Sep 11, 2026 and closes on Wed, Sep 16, 2026.

What is the lot size of Injecto Polymers IPO?

Injecto Polymers IPO lot size is 1200, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.

How to apply for Injecto Polymers IPO?

You can apply in Injecto Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Injecto Polymers IPO allotment?

The finalization of Basis of Allotment for Injecto Polymers IPO will be done on Thursday, September 17, 2026, and the allotted shares will be credited to your demat account by Fri, Sep 18, 2026. Check the Injecto Polymers IPO allotment status.

When is Injecto Polymers IPO listing date ?

The Injecto Polymers IPO listing date is not yet announced. The tentative date of listing is Mon, Sep 21, 2026.