The Neptune Petrochemicals IPO was subscribed 4.11 times on the last day, a retail quota was subscribed over 0 times, NII was subscribed over 2.91 times, and QIB was subscribed 7.12 times, respectively.
Details About Neptune Petrochemicals IPO
Neptune Petrochemicals got approval from SEBI for an IPO of around ₹73.20 crores. Neptune Petrochemicals IPO consists of fresh issues of ₹73.20 crores with a face value of ₹10 each. Further, Neptune Petrochemicals had a set price band of ₹115 to ₹122 Per Share.
In the Neptune Petrochemicals IPO, 1,000 shares were in 1 lot size for the retail minimum and maximum categories as well. Moreover, 2,000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Neptune Petrochemicals IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,22,000.
- SHNI (S-HNI): Minimum investment of ₹2,44,000.
Neptune Petrochemicals IPO’s Subscription Duration
The opening date of Neptune Petrochemicals’s IPO was on May 28, 2025, and the closing date was on May 30, 2025. The allotment date of the Neptune Petrochemicals IPO was on June 2, 2025, and the investors will receive a refund on June 3, 2025. Neptune Petrochemicals is set to be IPO listing on June 4, 2025.
Neptune Petrochemicals’s IPO funds deployment
- The proceed raised from the fresh issue towards installation of additional plant and machinery and related infrastructure
- Some Funding used to handle capital expenditure for purchase of office space.
- Lastly, the remaining funds will be utilized for the company’s General Corporate Purpose
About Neptune Petrochemicals Company
Founded in October 2021, Neptune Petrochemicals Limited is one of the well-known companies involved in the manufacturing and trading of a range of bitumen products and emulsions. The company’s portfolio consists of a wide range of bitumen including polymer-modified bitumen and crumb-rubber-modified bitumen, serving a wide range of industries such as construction and industrial applications. The company also operates a blending unit in Sanand, Ahmedabad. Outside of India, it does business in Nepal and Bhutan as well. Neptune has established its presence by winning 2015 certifications regarding offering high-quality yet innovative products. The company includes a total of 59 employees as of December 31, 2024.
Financial Report of the Neptune Petrochemicals Company
The
company
reported
revenue
of
₹675.97
crores
in
2024
against
₹709.31
crore
in
2023.
The
company
reported
profit
of
₹20.82
crores
in
2024
against
profit
of
₹10.39
crores
in
2023.
