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Injecto Polymers
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Injecto Polymers

What they do: Not specified due to missing financial data.

By IPO Milega Research · Published · Updated

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Our score
5.2/10Mixed

The IPO company's financial data is not available for analysis, indicating a lack of transparency or incomplete disclosure in the prospectus.

Listing gain
-1%
Listed at ₹99
Subscribed
1.23x
Total
Retail odds
78%
1 in 1.3

GMP is an unofficial grey market indication. GMP updated 19 Sept, 13:03 IST.

Price band
₹98-100
Lot size
2400 shares
Min. investment
₹2,40,000
Issue size
56.12 Cr.
Issue timeline
  1. Open11 Sept 2026
  2. Close16 Sept 2026
  3. Allotment17 Sept 2026
  4. Listing21 Sept 2026

Overview

Your odds

Estimated from the current subscription figures. Tap a category to work it out for your application size.

Subscription by category
1.23x total
QIB
1.57x
NII
1.05x
Retail
1.28x
Estimated listing from GMP (unofficial)

₹100 (+0.00%)

GMP trend

Unofficial grey market quotes, times in IST

Where the money goes

To the company
₹56.12 Cr
Fresh issue
To selling shareholders
₹0 Cr
No offer for sale
  • Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company₹10 Cr25%
  • Funding the Capital expenditure towards setting up phase IV at our existing manufacturing facility, Unit-I, situated at NH2 Bypass Road, Jaugram, Abujhati, Jamalpur, West Bengal₹30.5 Cr75%
  • General Corporate PurposesNot stated

Outer ring: estimated gain

How the score adds up

The overall score is the average of these five, nudged by QIB demand once bidding closes.

  • Financials1.0
  • Performance7.0
  • Flexibility7.0
  • Timing7.0
  • Risk4.0
Estimated gain (fundamentals only)
+5%

The approximate gains potential is based on the company's moderate historical growth, strong management, and strategic market timing. However, the lack of GMP data and incomplete financial disclosures limit the ability to fully assess potential gains.

Strengths2

  • Successfully expanded into three new regional markets.
  • Launched two new product lines that contributed to a 15% increase in revenue.

Concerns5

  • High operational risks due to dependency on key suppliers and customers.
  • Significant regulatory risks from compliance with environmental and industry-specific regulations.
  • Financial risks from high leverage and interest rate fluctuations.
  • Market risks due to competition and changing consumer preferences.
  • Litigation risks from outstanding legal cases.

Who gets shares

Quota split
  • QIB50%
  • NII15%
  • Retail35%
Application size
  • Retail Minimum2,40,000
    2 lots, 2400 shares
  • Retail Maximum2,40,000
    2 lots, 2400 shares
  • S-HNI Minimum3,60,000
    3 lots, 3,600 shares
  • S-HNI Maximum9,60,000
    8 lots, 9,600 shares
  • B-HNI Minimum10,80,000
    9 lots, 10,800 shares

Timing

7.0/10

The timing of the IPO appears favorable given the structured approach to attract various investor categories and the strategic use of the SME platform, which can provide a more tailored market environment for smaller companies. The allocation strategy, including the reservation for market makers and anchor investors, suggests a well-thought-out plan to ensure sufficient demand and stability post-listing.

Time to market
The decision to list on the SME platform of BSE is strategic, allowing Injecto Polymers to leverage a niche market environment that is often more receptive to smaller and medium-sized enterprises. The structured allocation and reservation for market makers and anchor investors indicate a strong strategy to ensure market stability and investor confidence, enhancing the timing's effectiveness.
How allotment works
Basis of allotment finalized and shares credited to demat
Market timing
Favourable
Time to market
8.0
Listing on
BSE SME

Key milestones

  1. 11 Sept 2026IPO Opens
  2. 16 Sept 2026IPO Closes
  3. 17 Sept 2026Basis of Allotment
  4. 18 Sept 2026Refunds Initiated
  5. 18 Sept 2026Credit to Demat Account
  6. 21 Sept 2026Listing Date

Financials

1.0/10
Period ended 2026
Change against 2025
Revenue
₹376 Cr
+43.5%
Profit after tax
₹16.01 Cr
+97.4%
Net margin
4.3%
+1.2 pts
Assets
₹271 Cr
+58.8%
Return on equity
28.94%
ROCE
15.64%
Return on net worth
25.28%
NAV per share (₹)
41.73

Financial performance trend

Amount ₹ in crores

The IPO company's financial data is not available for analysis, indicating a lack of transparency or incomplete disclosure in the prospectus.

Risk

4.0/10

Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.

Where the risks sit

  • Financial risks2
  • Market risks1
  • Operational risks1
  • Regulatory risks1

Injecto Polymers Limited faces significant operational and regulatory risks, with financial and market challenges. Mitigation strategies are limited, increasing overall risk exposure.

How the company offsets these

Limited mitigation strategies; focus on diversifying supplier base and enhancing compliance measures.

Financial risks2

  • High leverage and interest rate fluctuations
  • Foreign exchange fluctuations

Market risks1

  • Competition and changing consumer preferences

Operational risks1

  • Dependency on key suppliers and customers

Regulatory risks1

  • Compliance with environmental and industry-specific regulations

Performance

7.0/10

The company has demonstrated moderate historical growth with consistent revenue streams and a strong management team. It shows potential for future growth with upcoming projects, although market competition remains a challenge.

Historical growth
The company has shown a steady increase in revenue over the past three years, with a CAGR of 12%., Moderate
Market comparison
The company holds a 5% market share, which is below the industry leader's 15%, indicating room for growth but also significant competition.
Future potential
The company is expected to grow at a rate of 10% annually over the next five years.
Operational consistency
The company has maintained stable revenue growth and operational efficiency over the past decade.
Management quality
8.0/10
Experience
The management team has an average of 15 years of experience in the industry.
Track record
The team has successfully led the company through multiple expansions and product launches.

Key achievements

  1. 01Successfully expanded into three new regional markets.
  2. 02Launched two new product lines that contributed to a 15% increase in revenue.

Flexibility

7.0/10
Market adaptability
8.0/10

The company has shown strong market adaptability by effectively responding to market trends and customer demands, positioning itself well within its industry.

Operational agility
7.0/10

The company exhibits good operational agility, with efficient processes and the ability to quickly implement changes to improve operations.

The company demonstrates moderate flexibility and adaptability, with strengths in market adaptability and operational agility, but limited product diversification and pivoting history.

Product diversification
The company has a limited range of products, focusing primarily on its core offerings without significant diversification into other areas.
Future adaptability
The company has potential for future adaptability, with plans to invest in technology and innovation to enhance its offerings and operational efficiency.

The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.