Injecto Polymers IPO

Injecto Polymers was incorporated in 1998 and is engaged in manufacturing polypropylene (PP) woven fabrics and packaging products, along with trading plastic granules and PVC resins. Its product portfolio includes PP woven fabrics and bags, BOPP bags, laminated woven bags, FIBC bags and HDPE/LDPE liners, which cater to agriculture, construction, food grains, textiles, chemicals and consumer goods.

The company primarily follows a B2B model and supplies customised packaging products to institutional and industrial customers. It operates two manufacturing units in West Bengal, with a combined installed capacity of 10,870 MT and capacity utilisation of 95.29% in FY26. Unit I is located at Jaugram, Jamalpur, while Unit II is located at Panchpara, Howrah and was taken on leave and licence from group company Hind Polyfabs Private Limited.

Injecto Polymers is expanding its manufacturing capacity, with 1,200 MT under Phase III already commencing operations in July 2026 and another 4,800 MT proposed under Phase IV. Manufacturing and trading contributed 49.6% and 50.3%, respectively, to revenue in FY26, with manufacturing revenue comprising PP fabrics at ₹117.5 crore and PP fabric bags at ₹68.8 crore, while trading revenue from plastic granules and PVC resins stood at ₹189.1 crore.

West Bengal remained the largest market, contributing 85.2% of revenue in FY26, while the top five and top ten customers accounted for 30.5% and 40.1% of revenue, respectively. The largest supplier accounted for 24.8% of total purchases, while the top ten suppliers contributed 72.7% in FY26. The company has also installed a 1 MWp rooftop solar plant at Unit I, generating around 13.20 lakh units annually.