Injecto Polymers IPO

The Injecto Polymers SME IPO opens for subscription on 11 Sept 2026 and closes on 16 Sept 2026, offered at a price band of ₹90–100 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹56.12 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,40,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹53.29 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward 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 (₹30.5 crore), alongside repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by company (₹10 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Injecto Polymers reported revenue of ₹375.83 crore and a net profit of ₹16.01 crore. Revenue grew from ₹109.8 crore in FY2024 to ₹375.83 crore in FY2026 (+242.0%). Net worth stood at ₹63.34 crore at the end of FY2026. At the upper band, that puts the issue at roughly 18.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 25.64× post-issue earnings and 3.21× book value, against a return on net worth of 41.73% and a debt-to-equity ratio of 2.61. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Emmbi Industries Limited and Rdb Rasayans Ltd, with a median peer P/E of about 20.6×. The issue's own post-issue P/E works out to 25.64×.

Promoters

The promoters of the company are <p>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.</p>. Promoter holding stands at 88.14% before the issue and comes down to 64.35% after listing.

Grey market premium (GMP)

In the unofficial grey market, Injecto Polymers shares are quoted at a premium of ₹0 implying an expected listing around ₹100, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Injecto Polymers IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Injecto Polymers

Injecto Polymers Limited business operations include: Manufacturing &ndash; It produce a wide range of packaging products such as Polypropylene Woven Fabrics &amp; Bags, BoPP Bags, Leno Bags, LD &amp; Polyester Pouches, FIBC Bags, and Non-Woven Bags. These products cater to industries like agriculture, food, pharmaceuticals, textiles, chemicals, construction, and consumer goods. Trading &ndash; 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 &amp; Customisation Capabilities Locational Advantage of our manufacturing units Quality Standard Certifications &amp; Quality Tests Experienced Promoter and Senior Management Team