Neptune Petrochemicals IPO opens for subscription on May 28, 2025 and closes on May 30, 2025. The allotment for the Neptune Petrochemicals IPO is expected to be finalized on Monday, June 2, 2025. Neptune Petrochemicals IPO will be list on NSE SME with a tentative listing date fixed as Wednesday, June 4, 2025.
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Neptune Petrochemicals IPO, incorporated in 2021, is engaged in the manufacturing and trading of bitumen products, including polymer-modified and crumb rubber-modified bitumen, as well as bitumen emulsions and fuel oils. The company operates three manufacturing units in Gujarat, Haryana, and Assam, and primarily serves customers in the road construction and industrial sectors in India, Nepal, and Bhutan. It follows standardized quality, environmental, and safety protocols, having ISO 9001:2015, ISO 14001:2015, and OHSAS 45001:2018 certifications. As of December 2024, the company employed 59 people and has maintained consistent operations through experienced leadership and sector-specific focus.
Neptune Petrochemicals IPO price band is set at ₹115 to ₹122 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,15,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,22,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,44,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Neptune Petrochemicals IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue.
Refer to Neptune Petrochemicals IPO RHP for detailed information.
Neptune Petrochemicals IPO Details
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹122 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹73.20 Cr) |
| Fresh Issue | 60,00,000 shares (aggregating up to ₹73.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,66,53,500 shares |
| Share Holding Post Issue | 2,26,53,500 shares |
| Market Maker Portion | 3,01,000 shares |
Neptune Petrochemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Neptune Petrochemicals IPO Timeline (Tentative Schedule)
Neptune Petrochemicals IPO opens on May 28, 2025, and closes on May 30, 2025.
| IPO Open Date | Wed, May 28, 2025 |
| IPO Close Date | Fri, May 30, 2025 |
| Tentative Allotment | Mon, Jun 2, 2025 |
| Initiation of Refunds | Tue, Jun 3, 2025 |
| Credit of Shares to Demat | Tue, Jun 3, 2025 |
| Tentative Listing Date | Wed, Jun 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 30, 2025 |
Neptune Petrochemicals IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,22,000 |
| Retail (Max) | 1 | 1000 | ₹1,22,000 |
| HNI (Min) | 2 | 2,000 | ₹2,44,000 |
| Lot Size Calculator | |||
Neptune Petrochemicals IPO Promoter Holding
The promoters of the company are Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah and Mr. Sanjaykumar Subodhchandra Shah.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Neptune Petrochemicals Limited
Incorporated in October 2021, Neptune Petrochemicals Limited manufactures and trades a range of bitumen products and emulsions.
The company's product portfolio encompasses various grades of bitumen, including polymer-modified bitumen and crumb-rubber-modified bitumen.
The company serves diverse industries, particularly construction and industrial applications.
The company has three manufacturing units, Unit I is situated in Ahmedabad, Gujarat, Unit II in Panipat, Haryana,and Unit III in Kamrup, Assam.
The company also trades bitumen and fuel oils, sourcing from reputable suppliers to ensure quality and meet customer needs.
The company holds 2015 certifications in Quality Management (ISO), Environmental Management (ISO), and Occupational Health & Safety (OHSAS 2018).
Neptune meets global standards and follows essential procedures to produce high-quality, innovative product operations.
The company exports its products to Nepal and Bhutan, and it sells in India.
As of December 31, 2024 the Company had 59 employees on its payroll.
Competitive Strength:
- Products tailored for construction, roads, and various industries.
- The company understands market trends, customer needs, and regulations.
- Focused Market Segmentation.
- Effective Production Planning.
- Ability to Serve Peak Demand.
- Quality products ensure customer satisfaction and foster long-term relationships.
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Neptune Petrochemicals Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 117.00 | 120.95 | 107.88 | 97.51 |
| Revenue | 620.16 | 675.97 | 709.31 | 82.16 |
| Profit After Tax | 19.47 | 20.82 | 10.39 | 0.68 |
| Net Worth | 61.23 | 31.90 | 11.08 | 0.69 |
| Reserves and Surplus | 44.57 | 31.89 | 11.07 | 0.68 |
| Total Borrowing | 0.16 | 0.00 | 5.12 | 0.00 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 65.00% |
| ROCE | 65.00% |
| RoNW | 65.25% |
| PAT Margin | 3.12 |
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