Injecto Polymers
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Injecto Polymers IPO

IPO Open Now
₹2,35,200
1.07 xOver-subscribed
Bidding Dates 11 Sept, 26 -16 Sept, 26
Min Investment ₹2,35,200
Lot Size1,200
Price Range ₹98 – ₹100
Issue Size ₹56.12 Cr.
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IPO Subscription Details
Retail Subscription Details
1.03 x
Non-Institutional Buyers (sHNI)
0.14 x
Non-Institutional Buyers (bHNI)
1.62 x
Qualified Institutional Buyers (QIB)
1.02 x
Total
1.07 x
IPO Timeline
IPO Offer Start
11 Sept,26
IPO Offer Ends
16 Sept,26
Allotment Finalisation
17 Sept,26
Refund Initiation
18 Sept,26
Listing of Shares
21 Sept,26

IPO Analysis

Strengths
Strenghts

The company has forged healthy relationships with customers across diverse industries, consistently delivering reliable and high-quality products. The company's expertise in designing and delivering customized packaging solutions provides customers flexibility as per their requirements.

Strenghts

The company provides a comprehensive range of packaging solutions like Polypropylene Woven Fabrics, Polypropylene Sacks/Bags, BOPP bags, Leno Bags, FIBC Bags suitable for wide array of usage like food items, chemicals, and mining materials.

Strenghts

The company operates two manufacturing units strategically located in West Bengal with proximity to Kolkata, Odisha, Jharkhand, Bihar and major rice producing belts as well as major industrial zones having good connectivity to ports, airports, and highways.

Risks
Risk

The company derives a significant portion of revenue from a limited number of customers, with the top 10 customers contributing 40.07% of FY26 revenue. Loss of key customers, reduced orders, delayed payments, or adverse changes in terms could materially affect revenue, cash flows, and profitability.

Risk

Trading activities contributed ₹18,912.21 lakhs, or 50.36% of FY26 revenue, exposing the company to price volatility, demand-supply fluctuations, higher inventory requirements, low margins, and counterparty defaults. Adverse developments in trading operations could materially affect financial performance and growth.

Risk

The company generated 85.27% of FY26 revenue from West Bengal and 7.04% from other eastern states. Economic, political, regulatory, infrastructure, natural disaster, or socio-political disruptions in the region could materially affect revenue and operations.

Objectives

The company proposes to utilize funds for full or partial repayment of certain borrowings from banks/financial institutions to reduce outstanding indebtedness and debt servicing costs, maintain favorable debt to equity ratio and enable utilization of internal accruals for business growth.

The company plans to establish additional manufacturing facility at Unit-I to add capacity and enhance production capabilities. The expansion includes civil construction, purchase of plant and machinery, and utilities installation.

The company proposes to deploy balance proceeds towards general corporate purposes including meeting operating expenses, development costs for capex, business development or marketing initiatives, and other exigencies as approved by management.

Yearly Financial Results

Annual Financials
Mar 2024
Mar 2025
Mar 2026
Revenue
109.05
261.48
375.53
Expenses
104.86
250.66
352.84
Other Income
0.75
0.38
0.30
Total Revenue
109.80
261.85
375.83
Profit Before Tax
4.94
11.20
23.45
Net Profit
4.44
8.11
16.01

Balance Sheet

Balance Sheet
Mar 2024
Mar 2025
Mar 2026
Total Assets
121.25
170.57
270.93
Current Assets
85.88
127.70
227.16
Fixed Assets
35.37
42.87
43.77
Total Equity & Liabilities
121.25
170.57
270.93
Total Liabilities
100.03
123.25
207.59
Current Liabilities
66.70
106.15
195.84
Non Current Liabilities
33.33
17.10
11.75
Total Equity
21.22
47.33
63.34

Cash Flow

Cash Flow
Mar 2024
Mar 2025
Mar 2026
Net Cash Flow
-0.03
-0.02
-0.08
Investing Activities
-2.92
-9.44
-3.07
Operating Activities
-12.95
-16.90
-48.80
Financing Activities
15.84
26.31
51.79

About Injecto Polymers

Injecto Polymers Limited is a packaging company engaged in manufacturing diverse packaging products including Polypropylene Woven Fabrics, PP Woven Bags, BOPP bags, FIBC bags, and non-woven bags, alongside trading plastic granules and PVC resins. The company operates two manufacturing units in West Bengal with a combined installed capacity of 18,070...more
Managing DirectorRAMESH KUMAR RATERIA