INJECTO POLYMERS LIMITED IPO — Subscription & GMP
- Price band
- ₹98 – ₹100
- Lot size
- 1200
- Issue size
- ₹46.55 Cr
- Bidding
- 11 Sept 2026 → 16 Sept 2026
- Allotment
- —
- Listing
- 21 Sept 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 11 Sept 2026IPO open date
- 16 Sept 2026IPO close date
- 17 Sept 2026Allotment date†
- 17 Sept 2026Funds unblock or debit†
- 21 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsInjecto Polymers Limited - Business Model Summary
Injecto Polymers Limited operates as a B2B manufacturer and industrial supplier of customized polymer-based packaging solutions, complemented by a large-scale commercial trading division.
Core Segments & Product Portfolio
1. Polymer Packaging Manufacturing: - Products: Produces Polypropylene (PP) woven fabrics, PP woven sacks/bags, Biaxially Oriented Polypropylene (BOPP) bags, Flexible Intermediate Bulk Container (FIBC) jumbo bags, Leno bags, and HDPE/LDPE liners. - End-User Applications: Serves heavy-duty and commercial packaging requirements across agriculture (food grains, fertilizers, seeds), construction (cement, minerals), chemicals, sugar, and retail goods.
2. Polymer Trading Segment: - Engages in the commercial wholesale distribution of raw plastic granules and Polyvinyl Chloride (PVC) resins, a portion of which is utilized for captive manufacturing consumption while the rest is sold externally.
Operational Model
- Integrated Production Facilities: Operates manufacturing plants located in West Bengal, featuring internal extrusion, weaving, lamination, and quality control systems.
- B2B Supply Chain: Directs output toward institutional clients, corporate buyers, and bulk industrial consumers via tailored contract arrangements.
Revenue Streams
- Manufacturing Sales: Generates primary revenue through direct B2B sales of customized woven sacks, flexible packaging, and bulk FIBC bags.
- Raw Material Trading: Realizes parallel revenue through the wholesale trading of plastic granules and PVC resins to external industrial processors.
Official source: Basis of Issue Price / ratios filing (NSE) — carries P/E, RoNW and EPS pre and post issue as filed.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 805 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 6.38 L | 10.00 L | 1.57× |
| 1(a)Foreign Institutional Investors (FIIs) | — | 10.00 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | — | — |
| 1(c)Mutual Funds | — | — | — |
| 1(D)Others | — | — | — |
| 2Non Institutional Investors | 21.49 L | 22.51 L | 1.05× |
| 2(a)Corporates | — | 7.03 L | — |
| 2(b)Individuals (Other than RIIs) | — | 12.64 L | — |
| 3Retail Individual Investors (RIIs) | 18.67 L | 23.88 L | 1.28× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 23.88 L | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 46.55 L | 56.39 L | 1.21× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹98 → ₹100 · peak 56.39 L shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹100.00 Cr 12.5%
- Offer for sale
- ₹700.00 Cr 87.5%
- Total issue size
- ₹800.00 Cr
Read from the issue size stated in NSE's filing.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹98 – ₹100
- Lot size
- 1200 shares
- Min. bid quantity
- 2400
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 46.55 L
- Issue size
- ₹46.55 Cr
- Max bid · QIB
- 43.72 L
- Max bid · NII
- 37.33 L
Timeline & process
- Bidding opens
- 11 Sept 2026
- Bidding closes
- 16 Sept 2026
- Allotment
- —
- Listing
- 21 Sept 2026
Intermediaries
- Registrar
- integrated Registry Management Services Private Li
- Sponsor bank
- ICICI BANK
- Lead managers
- INDCAP ADVISORS PRIVATE LIMITED