Bookbuilding IPO | ₹73 Cr | Listed at NSE SME | Wed, May 28, 2025 - Fri, May 30, 2025
Neptune Petrochemicals IPO is a book build issue of ₹73.20 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹73.20 crore.
Neptune Petrochemicals IPO bidding started from May 28, 2025 and ended on May 30, 2025. The allotment for Neptune Petrochemicals IPO was finalized on Jun 2, 2025. The shares got listed on NSE SME on Jun 4, 2025.
Neptune Petrochemicals IPO price band is set at ₹122 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,44,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,66,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Neptune Petrochemicals IPO RHP for detailed Information.
IPO Open
Wed, May 28, 2025
IPO Close
Fri, May 30, 2025
Issue Price
₹122 per share
Market Cap (Pre-IPO)
₹276.37 Cr
| IPO Date | 28 to 30 May, 2025 |
| Listed on | Wed, Jun 4, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹122 |
| Issue Price | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹73 Cr) |
| Reserved for Market Maker | 3,00,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 57,00,000 shares (agg. up to ₹70 Cr) |
| Net Offered to Public | 57,00,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,66,53,500 shares |
| Share Holding Post Issue | 2,26,53,500 shares |
| NSE Symbol | NEPTUNE |
| ISIN | INE156901014 |
Neptune Petrochemicals IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,49,000 (49.98%) are allocated to QIB, 8,55,000 (15.00%) allocated to NII 19,96,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,49,000 | 49.98% | 47.48% |
| − Anchor Investor Shares Offered | 17,09,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 11,40,000 | 19.00% | |
| NII (HNI) Shares Offered | 8,55,000 | 15.00% | 14.25% |
| Retail Shares Offered | 19,96,000 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.00% | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,44,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,98,000 |
Neptune Petrochemicals IPO raises ₹20.85 crore from anchor investors. Neptune Petrochemicals IPO Anchor bid date is May 27, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 27, 2025 |
| Shares Offered | 17,09,000 |
| Anchor Portion (₹ Cr.) | 20.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Jul 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Aug 30, 2025 |
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:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 117.00 | 120.95 | 107.88 | 97.51 |
| Total Income | 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 | 5.12 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure | 5.15 |
| 2 | Funding the capital expenditure for purchase of office space | 14.75 |
| 3 | Funding Working Capital Requirement | 42.00 |
| 4 | General Corporate Expenses | 9.40 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 65.00% |
| ROCE | 65.00% |
| RoNW | 65.25% |
| PAT Margin | 3.12% |
| EBITDA Margin | 3.04% |
| Price to Book Value | 6.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.87 | |
| P/E (x) | 8.79 | |
| Promoter Holding | 94.3% | 70.3% |
| Market Cap | ₹276.37 Cr. |
The Neptune Petrochemicals IPO is subscribed 4.11 times on May 30, 2025 6:20:01 PM (Day 3). The public issue subscribed [.] times in the retail category, 7.12 times in the QIB category, and 2.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 7.12 | 11,40,000 | 81,16,000 | 11 |
| NII* | 2.91 | 28,50,000 | 82,95,000 | 2,553 |
| Total | 4.11 | 39,90,000 | 1,64,11,000 | 2,564 |
Total Application : 2,564
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.00 |
| 2 | Brokerage, selling, commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.00 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and Marketing expenses | 0.00 |
| 6 | Regulators including stock exchanges | 0.00 |
| 7 | Printing and distribution of issue stationery | 0.00 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.00 |
Note that this IPO is being conducted as per the revised rules for SME companies. The web display reflecting these changes is currently under process. In the meantime, please note the following corrections with regard to the minimum application size:
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹132.75 |
| Low | ₹132.50 |
| High | ₹139.35 |
| Last Trade | ₹139.35 |
Lead Manager Reports
Neptune Petrochemicals IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹73 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on Wed, May 28, 2025, and closes on Fri, May 30, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Neptune Petrochemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Neptune Petrochemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Neptune Petrochemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Neptune Petrochemicals IPO opens on Wed, May 28, 2025 and closes on Fri, May 30, 2025.
Neptune Petrochemicals IPO lot size is 1000, and the minimum amount required for application is ₹2,44,000, with 2 lots being the minimum application size.
You can apply in Neptune Petrochemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Neptune Petrochemicals IPO will be done on Monday, June 2, 2025, and the allotted shares will be credited to your demat account by Tue, Jun 3, 2025. Check the Neptune Petrochemicals IPO allotment status.
The Neptune Petrochemicals IPO listing date is on Wed, Jun 4, 2025.
