Injecto Polymers IPO
Injecto Polymers IPO is an SME IPO raising ₹56 Cr at ₹98 – ₹100 a share. It listed on 21 Sept 2026 at ₹99, −1.0% against its issue price of ₹100, and trades at ₹94 today (−6.0% since issue). It was subscribed 1.21× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 33% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Emmbi Industries Limited | 19.43× | 4.06% | ₹4.22 |
| RDB Rasayans Limited | 9.04× | 13.74% | ₹19.17 |
| This issue | 9.5× | 25.28% | ₹10.55 |
derived: cut-off price Rs100 / stated EPS Rs10.55 (FY ended March 31, 2026, diluted EPS, restated standalone financial statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.