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News Details

( As on 23/09/2026 20:00)

Shree TNB Polymers announces launch of initial public offering

Shree TNB Polymers Ltd. has announced public offering of 6000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 42.00 per share. The gross proceeds of the issue are expected to be Rs 3,120.00 lakhs.

The company's initial public offer (IPO) will open on 25 September 2026 and is expected to close on 29 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 47.00-52.00 per share.

The IPO includes a fresh Issue of 6000000 Equity Shares of the Company at an price of Rs 52.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Shree TNB Polymers Ltd. anticipates using the proceeds of the issue for Capital Expenditure for purchase of machineries Capital Expenditure for the purchase and installation of Solar panel/ Roof top Part finances the capital expenditure for construction/ installation of PreEngineered Building (PEB) structure for new manufacturing facility Repayment of certain borrowings To meet out the General Corporate Purposes.

Corporate Makers Capital Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.