What is the last grey market premium of Neptune Petrochemicals IPO?
Listing Review: Will update on listing.
Subscription status of Neptune Petrochemicals IPO
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Neptune Petrochemicals IPO Price Rs. 122 Lot 1000 shares, Rs. 73.20 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 2.44 | 2.06 | 0.00 | 1.14 | 329 |
| Note: |
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Neptune Petrochemicals IPO Allotment Link:
What is the business of Neptune Petrochemicals ?
Driving Infrastructure with Innovation and Quality
Incorporated in October 2021, Neptune Petrochemicals Limited is a fast-growing player in the petrochemical sector, specializing in the manufacturing and trading of high-quality bitumen products and emulsions. With a strong focus on infrastructure and industrial applications, the company is committed to delivering performance-driven solutions that support modern construction needs.
Diverse Product Portfolio
Neptune’s offerings include a wide range of bitumen grades, such as:
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Polymer-Modified Bitumen (PMB)
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Crumb-Rubber-Modified Bitumen (CRMB)
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Various emulsions tailored for road construction and industrial use
These products are engineered to meet stringent quality standards, ensuring durability and efficiency across demanding projects.
Manufacturing Footprint
The company operates three strategically located manufacturing units:
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Unit I – Ahmedabad, Gujarat
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Unit II – Panipat, Haryana
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Unit III – Kamrup, Assam
This geographic spread allows Neptune to serve diverse markets efficiently and reduce logistical lead times.
Trading & Sourcing Capabilities
In addition to manufacturing, Neptune engages in the trading of bitumen and fuel oils, sourcing materials from trusted, high-quality suppliers to ensure reliability and customer satisfaction.
Commitment to Quality & Compliance
Neptune is certified under:
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ISO 9001:2015 (Quality Management)
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ISO 14001:2015 (Environmental Management)
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OHSAS 18001:2018 (Occupational Health & Safety)
These certifications underscore the company’s commitment to responsible operations and continuous improvement.
Market Reach & Workforce
Neptune Petrochemicals serves customers across India, with an export footprint in Nepal and Bhutan. As of December 31, 2024, the company employed 59 personnel, supporting its operations, R&D, logistics, and customer engagement efforts.
Backed by innovation, certified processes, and a clear growth vision, Neptune Petrochemicals is well-positioned to contribute to India’s expanding infrastructure landscape and beyond.
Get more information about the company @ : https://neptunepetrochemicals.com/
Neptune Petrochemicals IPO Details
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Neptune Petrochemicals IPO Details |
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| IPO opens on | 28 May 2025 |
| IPO closes on | 30 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,00,000 Shares / Rs 73.20 Crore |
| * Fresh Issue | 6000000 Shares / Rs 73.20 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 301000 Shares |
| Net offer to Public | 56,99,000 Shares Rs.69.53 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 115-122 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2849500 | 34.77 |
| HNI (15%) | 854850 | 10.43 |
| RII (35%) | 1994650 | 24.33 |
| Total Shares | 5699000 | 69.53 |
| Retail portion will be oversubscribed by |
1995 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.122000 |
| Min HNI Application | 2000 Shares | Rs. 244000 |
Who are the Promoters of Neptune Petrochemicals?
The promoters of the company are Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah and Mr. Sanjaykumar Subodhchandra Shah.
What are the Objects of Neptune Petrochemicals IPO?
Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure Rs. 5.15 crore approx.
Funding the capital expenditure for purchase of office space Rs. 14.76 Crore approx.
Funding Working Capital Requirement Rs. 42.00 crore
General Corporate purposes
Tentative timetable |
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| IPO opens on | 28 May 2025 |
| IPO Closes on | 30 May 2025 |
| IPO Allotment on | 2 June 2025 |
| Refund Initiation | 3 June 2025 |
| Credit of Shares | 3 June 2025 |
| Listing on | 4 June 2025 |
| Registered Office of the Company Neptune Petrochemicals Limited Block-B, Office No. 606 Mondeal Heights Nr. Panchratna Party Plot, S. G. Highway, Ahmedabad |
| The Lead Manager of this IPO Beeline Capital Advisors Pvt. Ltd |
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Who is the Registrar to IPO? Mufg Intime India Pvt ltd |
Neptune Petrochemicals IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Neptune Petrochemicals Financials
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Period Ended |
31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 117 | 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 | 31.9 | 11.08 | 0.69 |
| Reserves and Surplus | 44.57 | 31.89 | 11.07 | 0.68 |
| Total Borrowing | 0.16 | 0 | 5.12 | 0 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 65.00% |
| ROCE | 65.00% |
| RoNW | 65.25% |
| PAT Margin | 3.12 |
| EPS | 12.50 |
| PE Ratio | 9.76 |
How Neptune Petrochemicals IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Neptune Petrochemicals | 65.25 | |
| Agarwal Industrial Corporation | 13.85 | 21.37 |
| Nexxus Petro Industries | 22.94 | 40.36 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Neptune Petrochemicals IPO Review by Paresh Gordhandas, CA & Research Analyst.
Incorporated in October 2021, Neptune Petrochemicals Limited is a fast-growing player in the petrochemical sector, specializing in the manufacturing and trading of high-quality bitumen products and emulsions. With a strong focus on infrastructure and industrial applications, the company is committed to delivering performance-driven solutions that support modern construction needs.
Neptune Petrochemicals serves customers across India, with an export footprint in Nepal and Bhutan. As of December 31, 2024, the company employed 59 personnel, supporting its operations, R&D, logistics, and customer engagement efforts.
The company has strong growth in the topline and the bottomline during last 3 years. Detailed scrutiny of the results indicate that there appears to be no manipulation ahead of the IPO. The shares are offered at Pe ratio of 9.76 calculated on the enhanced sharecapital and accordingly the offer price is very reasonable. Apply
+ from fundamental angle: Apply
+ from grey market angle:
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