The Renol Polychem IPO is a book building effort amounting to ₹25.77 crores. This issue consists entirely of a fresh offering of 24.54 lakh shares.
The subscription period for the Renol Polychem IPO begins on July 31, 2025, and concludes on August 4, 2025. The allotment for this IPO is anticipated to be finalized on Tuesday, August 5, 2025. Additionally, the Renol Polychem IPO is set to be listed on NSE SME, with a tentative listing date scheduled for Thursday, August 7, 2025.
The price band for the Renol Polychem IPO is established between ₹100 and ₹105 per share. The application lot size is 1,200 shares. For individual investors (retail), the minimum investment required is ₹2,40,000 (2,400 shares). Meanwhile, high net worth individuals (HNI) must invest in a minimum of 3 lots (3,600 shares), totaling ₹3,78,000.
Corporate Makers Capital Ltd. serves as the book-running lead manager for the Renol Polychem IPO, while Skyline Financial Services Private Ltd acts as the registrar for the issue. The market maker for this IPO is Asnani Stock Broker Private Limited.
For more detailed information, please refer to the Renol Polychem IPO RHP.
Renol Polychem IPO Details
| IPO Date | July 31, 2025 to August 4, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,54,000 shares (aggregating up to ₹25.77 Cr) |
| Reserved for Market Maker | 1,48,800 shares Asnani Stock Broker Private Limited |
| Net Offered to Public | 23,05,200 shares (aggregating up to ₹24.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,90,000 shares |
| Share Holding Post Issue | 79,44,000 shares |
Renol Polychem IPO Reservation
Renol Polychem IPO offers total 24,54,000 shares. Out of which 6,40,800 allocated to QIB, - allocated to QIB, 3,49,200 (14.23%) allocated to NII, 13,15,200 (53.59%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,800 (6.06%) |
| QIB Shares Offered | 6,40,800 |
| NII (HNI) Shares Offered | 3,49,200 (14.23%) |
| Retail Shares Offered | 13,15,200 (53.59%) |
| Total Shares Offered | 24,54,000 (100.00%) |
Renol Polychem IPO Timeline (Tentative Schedule)
Renol Polychem IPO opens on July 31, 2025, and closes on August 4, 2025.
| IPO Open Date | Thu, Jul 31, 2025 |
| IPO Close Date | Mon, Aug 4, 2025 |
| Tentative Allotment | Tue, Aug 5, 2025 |
| Initiation of Refunds | Wed, Aug 6, 2025 |
| Credit of Shares to Demat | Wed, Aug 6, 2025 |
| Tentative Listing Date | Thu, Aug 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 4, 2025 |
Renol Polychem IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9,600 | ₹10,08,000 |
Renol Polychem IPO Promoter Holding
The promoters of the company are Mr. Bhaveshbhai Mansukhbhai Harsoda and Mr. Naitik Bhaveshbhai Harshoda.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.11% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
About Renol Polychem Ltd.
Founded in 2008, Renol Polychem Limited specializes in manufacturing and supplying a variety of products, including colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, and more.
Their offerings feature an array of color masterbatches such as green, red, yellow, orange, pink, blue, brown, violet, ivory, white, maroon, silver, multicolor, and black, along with transparent plastic filler masterbatches.
The company provides comprehensive additives, which include stabilisers, impact modifiers, and colour pigments, designed to support manufacturers of UPVC, CPVC pipes, pipe fittings, and other plastic products.
Renol Polychem Limited presents a broad selection of masterbatches and polymer solutions, which include:
Colour Masterbatches: Green, Red, Yellow, Orange, Pink, Blue, Brown, Violet, Ivory, White, Maroon, Silver, Multicolor, and Black Masterbatches. These are specially formulated for plastic moulding, extrusion, and film applications.
Filler Masterbatches: Transparent Plastic Filler Masterbatches, including Talc and Calcium Carbonate-based filler masterbatches aimed at enhancing cost efficiency and mechanical properties in plastic production.
Additive Masterbatches: UV Stabilizers, Antioxidants, Slip & Anti-block Agents, Processing Aids, and Flame Retardants.
Polymer Compounds & Pigments: High-performance plastic pigments and polymer modifiers that improve strength, flexibility, and durability.
The products of the company are utilized across various industries, including plastic packaging (both flexible and rigid), automotive components, household and consumer goods, electrical and electronics, textiles and fibers, as well as agricultural films and pipes.
As of September 30, 2024, the company employed 15 individuals across different departments.
Competitive Strengths:
- Extensive management experience.
- A diverse product range that caters to a broad customer base.
- Strong relationships with customers and vendors, along with a well-established manufacturing facility.
Company Financials
Renol Polychem Ltd.'s revenue increased by 859% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 25.86 | 23.41 | 15.49 | 10.28 |
| Revenue | 12.02 | 62.56 | 6.52 | 41.86 |
| Profit After Tax | 1.14 | 5.00 | 1.53 | 0.73 |
| EBITDA | 1.60 | 7.07 | 2.18 | 1.14 |
| Net Worth | 14.47 | 13.33 | 8.69 | 2.71 |
| Reserves and Surplus | 8.98 | 7.84 | 3.20 | |
| Total Borrowing | 5.28 | 6.95 | 2.58 | 5.36 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Renol Polychem IPO is ₹83.41 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 45.37% |
| ROCE | 64.18% |
| Debt/Equity | 0.52 |
| RoNW | 45.37% |
| PAT Margin | 8.02% |
| EBITDA Margin | 11.36% |
| Price to Book Value | 4.32 |