Kolkata-based Injecto Polymers will launch its ₹56.12 crore SME IPO on September 11, 2026, with a price band of ₹90 to ₹100 per share. The company plans to use the funds for facility expansion in West Bengal and debt reduction. Investors should note the company's reliance on trading activities and its regional concentration in Eastern India.
Injecto Polymers is set to enter the public market with its SME initial public offering (IPO) on September 11, 2026. The Kolkata-based packaging and manufacturing firm aims to raise ₹56.12 crore through a fresh issue of 56.12 lakh equity shares. The subscription window will remain open until September 16, with shares priced between ₹90 and ₹100 each. The listing is tentatively scheduled for September 21, 2026, on the BSE SME platform.
Financial reports for the fiscal year ending 2026 show significant growth in the company's scale. Injecto Polymers reported revenue from operations of ₹375.53 crore and a profit after tax of ₹16.01 crore. This represents a substantial rise in operational volume compared to earlier periods. The company has appointed Indcap Advisors as the lead manager to handle the issue process.
The company plans to use the capital raised to support growth and improve its financial health. Approximately ₹30.50 crore is earmarked for expanding its existing manufacturing facility in West Bengal. Another ₹10 crore will be directed toward reducing outstanding debt, which aims to lower interest costs. The remaining funds are set aside for general corporate purposes to support daily working capital needs.
While the company has demonstrated revenue growth, there are several business characteristics for investors to consider. A significant portion of the business model is dependent on trading activities. This segment often involves price volatility in raw materials and inventory management, which can lead to lower profit margins compared to full-scale manufacturing. Additionally, the company faces geographic concentration risk, as a large share of its revenue is generated in Eastern India, particularly in West Bengal. Any local economic or logistical issues in this region could impact performance. Furthermore, despite the planned debt reduction, the company carries notable financial obligations that must be serviced.
For those interested in participating, the minimum application lot size is 1,200 shares. At the upper price band of ₹100, this requires a minimum investment of ₹1.20 lakh per retail application. The key monitorables for investors going forward will be the successful execution of the facility expansion, the company’s ability to manage its debt levels effectively, and its success in diversifying its customer base beyond its current regional focus.