Neptune Petrochemicals IPO Launches on May 28, Aiming to Raise ₹73.20 Crores
Neptune Petrochemicals Limited, a leading manufacturer and trader of bitumen products and emulsions, is set to open its Initial Public Offering (IPO) for subscription on Wednesday, May 28, 2025. The bookbuilding issue aims to raise ₹73.20 crores through an entirely fresh issue of 60.00 lakh shares. The IPO will close on Friday, May 30, 2025.
Neptune Petrochemicals Details
The company, incorporated in October 2021, has rapidly established itself in the market, serving diverse industries, particularly construction and industrial applications. Neptune Petrochemicals boasts a product portfolio encompassing various grades of bitumen, including polymer-modified bitumen and crumb-rubber-modified bitumen. It operates three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam), and also trades bitumen and fuel oils.
Neptune Petrochemicals IPO Price-Band
The Neptune Petrochemicals IPO price band has been fixed at ₹115 to ₹122 per share. Retail investors can apply for a minimum lot size of 1000 shares, requiring a minimum investment of ₹1,15,000. It is suggested to bid at the cut-off price to avoid the oversubscription scenario, which could push the investment to approximately ₹1,22,000. High Net Worth Individuals (HNIs) can apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,44,000.
Neptune Petrochemicals IPO Tentative Timeline:
* IPO Open Date: Wednesday, May 28, 2025
* IPO Close Date: Friday, May 30, 2025
* Tentative Allotment Date: Monday, June 2, 2025
* Initiation of Refunds: Tuesday, June 3, 2025
* Credit of Shares to Demat: Tuesday, June 3, 2025
* Tentative Listing Date: Wednesday, June 4, 2025
Neptune Petrochemicals IPO Objectives
The company intends to utilize the net proceeds from the issue for several key objectives, including:
* Funding capital expenditure for the installation of additional plant and machinery and related infrastructure (expected amount: ₹51.51 Million).
* Funding capital expenditure for the purchase of office space (expected amount: ₹147.46 Million).
* Funding Working Capital Requirement.
* General corporate purposes.
Neptune Petrochemicals Promoters
As of the pre-issue shareholding, the promoters, Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah, and Mr. Sanjaykumar Subodhchandra Shah, hold 100% of the company. The post-issue shareholding will be calculated based on equity dilution.
Neptune Petrochemicals IPO Lead Manager & Registrar
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Neptune Petrochemicals IPO, and MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Investors interested in the Neptune Petrochemicals IPO are advised to review the offer document for complete details and consult with their financial advisors. The company’s listing is tentatively scheduled on NSE SME on Wednesday, June 4, 2025.
Neptune Petrochemicals IPO Important Documents For More Details
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