Tenty Files Draft IPO Papers; FY26 Revenue Nearly Doubles To ₹822 Crore
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Tenty Limited has moved ahead with its IPO plans through a fresh issue of up to 73.36 lakh equity shares and an OFS of up to 12.5 lakh shares. Read more.
Tenty Limited has filed its draft red herring prospectus (DRHP) for a proposed initial public offering (IPO) comprising a fresh issue and an offer for sale (OFS). The shares have a face value of ₹10 each, while the final price and monetary size of the offer have not yet been specified in the document.
The fresh issue will comprise up to 73.36 lakh equity shares, while up to 12.5 lakh shares will be offered by promoter selling shareholders under OFS. The total offer will comprise up to 85.86 lakh equity shares. The OFS will involve Ranks Fiscals Private Limited selling 10 lakh shares and promoter Kanishk Goyal offering 2.5 lakh shares.
Tenty has proposed listing the equity shares on the Bombay Stock Exchange (BSE) Limited and the National Stock Exchange of India Limited (NSE). Gretex Corporate Services Limited is the book running lead manager, while MUFG Intime India Private Limited is the registrar to the offer.
Usage Of Tenty IPO Proceeds
The company plans to allocate ₹36.37 crore from the IPO’s net proceeds towards repayment or prepayment of certain borrowings. Its total borrowings stood at ₹218.68 crore as of 30 June 2026. The company expects the repayment to reduce finance costs and improve its debt-to-equity ratio.
A further ₹22.58 crore is proposed to be infused into material subsidiary Polar Elektric Limited (PEL) for repayment or prepayment of its borrowings. Polar Elektric had aggregate outstanding borrowings of ₹126.22 crore as of 30 June 2026.
Tenty also plans to invest ₹136 crore in PEL to fund its incremental working capital requirement for FY28. Another ₹25.41 crore is earmarked for marketing, advertising and brand promotion activities for the POLAR brand.
About Tenty And Its Financial Performance
Tenty's business includes the manufacturing of rigid plastic packaging (RPP) products, writing instruments, electric fans and household electrical appliances.
The company's revenue from operations increased to ₹822.25 crore in FY26 from ₹415.47 crore in FY25. Operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose to ₹79.43 crore from ₹31.59 crore. Profit after tax (PAT) increased to ₹22.64 crore from ₹6.80 crore.
Tenty’s products are sold in 25 states and 4 union territories. West Bengal accounted for 42.86% of revenue from operations in FY26. The company had eight manufacturing units in FY26, compared with seven in FY25.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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