Neptune Petrochemicals IPO is scheduled to open on May 28, 2025, and will close on May 30, 2025. The basis of allotment is likely to be finalized on June 2, 2025, and the IPO is expected to be listed on the NSE SME platform on June 4, 2025.
The IPO is a book-building issue worth around ₹73.20 crores, which is completely a fresh issue of 60 lakh equity shares. The price band for the IPO is set between ₹115 to ₹122 per share. For retail investors, the minimum lot size is 1,000 shares, which means an investment of ₹1,15,000 at the lower band.
However, to avoid the risk of rejection due to oversubscription, it is advised to apply at the cut-off price, which will cost around ₹1,22,000. For HNI investors, the minimum application is for 2 lots (2,000 shares), amounting to ₹2,44,000.
The IPO reservation is divided as follows: 50% for QIBs, 35% for retail investors, and 15% for HNIs. The face value of each equity share is ₹10.
Financially, the company posted a revenue of ₹675.97 crores in 2024, slightly lower than ₹709.31 crores in 2023, but the profit increased significantly from ₹10.39 crores in 2023 to ₹20.82 crores in 2024. Looking at this strong profit growth, experts suggest applying for the IPO with a long-term investment perspective.
Neptune Petrochemicals Limited, started in October 2021, is mainly involved in the manufacturing and trading of bitumen products like emulsions, polymer-modified bitumen, and crumb rubber-modified bitumen. The company mainly serves the construction and infrastructure sectors, both in India and in neighboring countries like Nepal and Bhutan.
It has three main manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam), along with a blending unit in Sanand, Ahmedabad. In FY 2024, the company achieved domestic sales of ₹658.48 crores and export sales of ₹9.32 crores.
As of March 31, 2025, Neptune Petrochemicals had 68 employees on its payroll. The company also trades fuel oils and bitumen, sourcing from reliable suppliers to maintain product quality. It holds ISO certifications in Quality Management, Environmental Management, and OHSAS 2018 for safety, ensuring it follows global standards in its operations.
Neptune’s key strengths include well-planned production, strong understanding of market needs, focused customer segmentation, and the ability to meet high demand periods efficiently. Its commitment to quality and customer satisfaction helps build long-term relationships across the industry.
Overview of Contents
Neptune Petrochemicals IPO Overview
| Particulars | Details |
|---|---|
| IPO Type | Book Build Issue |
| Exchange Listing | NSE SME |
| Face Value | ₹10 per equity share |
| Price Band | ₹115 to ₹122 per share |
| Lot Size | 1,000 shares |
| Retail Investor Quota | Not more than 35% |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not more than 15% |
| Total Issue Size | 60,00,000 shares (approx ₹73.20 crores) |
| Fresh Issue | 60,00,000 shares (approx ₹73.20 crores) |
| Pre-Issue Shareholding | 1,66,53,500 shares |
| Post-Issue Shareholding | 2,26,53,500 shares |
| Market Maker Portion | 3,01,000 shares |
Neptune Petrochemicals IPO Propsectus
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Neptune Petrochemicals IPO Review
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Neptune Petrochemicals IPO GMP
The grey market premium (GMP) of Neptune Petrochemicals IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To be Updated Soon
Neptune Petrochemicals IPO Dates
| Event Details | Date & Day |
|---|---|
| IPO Opens | May 28, 2025 (Wednesday) |
| IPO Closes | May 30, 2025 (Friday) |
| Basis of Allotment Finalization | June 2, 2025 (Monday) |
| Refunds Initiation | June 3, 2025 (Tuesday) |
| Shares Credited to Demat | June 3, 2025 (Tuesday) |
| Listing on NSE SME | June 4, 2025 (Wednesday) |
Objects of the Issue
- Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure
- Funding the capital expenditure for purchase of office space
- Funding Working Capital Requirement
- General corporate purposes.
Neptune Petrochemicals IPO Lot Size
Investors can apply for Neptune Petrochemicals IPO starting with a minimum of 1 lot (1,000 shares). The table below shows the minimum and maximum investment limits for retail and HNI (High Net-Worth Individual) categories:
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min/Max) | 1 | 1,000 | ₹1,22,000 |
| HNI (Min) | 2 | 2,000 | ₹2,44,000 |
Neptune Petrochemicals is promoted by Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah, and Mr. Sanjaykumar Subodhchandra Shah. The promoters currently hold full ownership, which will dilute after the IPO.
Neptune Petrochemicals IPO Promoter Holding
| Shareholding | Percentage |
|---|---|
| Before IPO (Pre-Issue) | 100.00% |
| After IPO (Post-Issue) | [To be updated] |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Agarwal Industrial Corporation Ltd | 73.02 | 13.85 | 21.37 | 341.64 | 2125.30 Cr. |
| Nexxus Petro Industries Limited | 8.99 | 22.94 | 40.36 | 12.42 | 237.78 Cr. |
Neptune Petrochemicals IPO Financial Performance
| Particulars | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Total Assets | 117.00 | 120.95 | 107.88 | 97.51 |
| Revenue | 620.16 | 675.97 | 709.31 | 82.16 |
| Profit After Tax (PAT) | 19.47 | 20.82 | 10.39 | 0.68 |
| Net Worth | 61.23 | 31.90 | 11.08 | 0.69 |
| Reserves & Surplus | 44.57 | 31.89 | 11.07 | 0.68 |
| Total Borrowings | 0.16 | 0.00 | 5.12 | 0.00 |
Neptune Petrochemicals IPO Valuation Overview – FY2024
Here’s a snapshot of Neptune Petrochemicals’ valuation metrics for FY2024, highlighting its profitability and return ratios:
| Valuation Metric | Value |
|---|---|
| Return on Equity (ROE) | 96.85% |
| Return on Capital Employed (ROCE) | 117.86% |
| EBITDA Margin | 3.04% |
| PAT Margin | 3.12% |
| Debt-to-Equity Ratio | Not Applicable |
| Earnings Per Share (EPS) | ₹13.87 (Basic) |
| Price-to-Earnings (P/E) | Not Available |
| Return on Net Worth (RoNW) | 65.25% |
| Net Asset Value (NAV) | ₹19.16 |
Neptune Petrochemicals IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Neptune Petrochemicals Limited
Block-B, Office No. 606
Mondeal Heights Nr.
Panchratna Party Plot, S. G. Highway,
Phone: +91-79 49000599
Email: [email protected]
Website: https://neptunepetrochemicals.com/
Neptune Petrochemicals IPO – FAQs
What are the IPO open and close dates for Neptune Petrochemicals?
The IPO opens on May 28, 2025 (Wednesday) and closes on May 30, 2025 (Friday).
What is the price band for Neptune Petrochemicals IPO?
The price band is set between ₹115 to ₹122 per share.
What is the minimum lot size and investment for retail investors?
Retail investors can apply for a minimum of 1 lot (1,000 shares) which amounts to ₹1,22,000 (if applying at the cutoff price).
What is the allotment date and listing date of the IPO?
The allotment date is expected on June 2, 2025 (Monday), and the listing date is tentatively scheduled for June 4, 2025 (Wednesday) on the NSE SME platform.
How much is the total issue size of Neptune Petrochemicals IPO?
A: The IPO aims to raise approximately ₹73.20 crores, which is entirely a fresh issue of 60 lakh shares.
Who are the promoters of Neptune Petrochemicals?
A: The promoters are Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah, and Mr. Sanjaykumar Subodhchandra Shah.
What sectors does Neptune Petrochemicals serve?
A: The company primarily serves the construction and infrastructure sectors with its range of bitumen products and emulsions.