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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 ₹122.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,30,000.00 (2,000 shares). The minimum lot size investment for 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 Date | May 28, 2025 to May 30, 2025 |
| Listing Date | June 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹122 per share |
| Issue Price Final | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹73.20 Cr) |
| Reserved for Market Maker | 3,00,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹3.66 Cr) |
| Net Offered to Public | 57,00,000 shares (aggregating up to ₹69.54 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 |
Neptune Petrochemicals IPO offers total 60,00,000 shares. Out of which 28,49,000 (47.48%) allocated to QIB, 11,40,000 (19.00%) allocated to QIB, 8,55,000 (14.25%) allocated to NII, 19,96,000 (33.27%) allocated to RII and 17,09,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.00%) |
| QIB Shares Offered | 28,49,000 (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 (14.25%) |
| Retail Shares Offered | 19,96,000 (33.27%) |
| Total Shares Offered | 60,00,000 (100.00%) |
Neptune Petrochemicals IPO raises ₹20.85 crore from anchor investors. Neptune Petrochemicals IPO Anchor bid date is May 27, 2025. Neptune Petrochemicals IPO Anchor Investors list
| Bid Date | May 27, 2025 |
| Shares Offered | 17,09,000 |
| Anchor Portion Size (In Cr.) | 20.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 30, 2025 |
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 Fri, May 30, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 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 | 2,000 | ₹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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 0.00 | 5.12 | 0.00 |
| Amount in ₹ Crore | ||||
The market capitalization of Neptune Petrochemicals IPO is ₹276.37 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 13.87 | |
| P/E (x) | 8.79 |
The Company Neptune Petrochemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] NPL is engaged in the manufacturing, marketing and trading of variety of bitumen and its related products. Its top and bottom lines galloped from FY23 onwards. Many folds rise in bottom lines for FY23 and FY24 raise eyebrows. It is operating in a highly competitive and fragmented segment that has high volume low margin regime. Based on its financial data, the issue appears fully priced. Well-informed investors may park funds for medium term. Read detail review...
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:
| Listing Date | June 4, 2025 |
| BSE Script Code | |
| NSE Symbol | NEPTUNE |
| ISIN | INE156901014 |
| Final Issue Price | ₹122 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹132.75 |
| Low | ₹132.50 |
| High | ₹139.35 |
| Last Trade | ₹139.35 |
Neptune Petrochemicals Ltd.
Block-B, Office No. 606
Mondeal Heights Nr.
Panchratna Party Plot, S. G. Highway,
Ahmedabad, Gujarat, 380015
Phone: +91-79 49000599
Email: info@neptunepetrochemicals.com
Website: https://neptunepetrochemicals.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: neptunepetrochemicals.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Neptune Petrochemicals IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹73.20 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on May 28, 2025, and closes on 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 May 28, 2025 and closes on 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 Tuesday, June 3, 2025. Check the Neptune Petrochemicals IPO allotment status.
The Neptune Petrochemicals IPO listing date is on Wednesday, June 4, 2025.
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