August 1, 2025
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What is the latest news of Renol Polychem IPO?
The company will enter the market on 31 July 2025.
About Renol Polychem
🧪 Renol Polychem – Specialist in Colour Masterbatches & Polymer Additives 🎨
Incorporated in 2008, Renol Polychem Limited is engaged in the manufacturing and supply of a wide range of colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, and plastic pigments. The company’s product portfolio includes vibrant masterbatches in green, red, yellow, orange, pink, blue, black, silver, maroon, and multicolour shades, as well as transparent filler masterbatches for cost-effective plastic production.
Renol also offers all-in-one additive solutions like UV stabilizers, antioxidants, slip agents, processing aids, and flame retardants, catering to manufacturers of UPVC and CPVC pipes, fittings, and other plastic goods.
Its polymer compounds and additives are widely used across industries such as automotive components, consumer goods, electricals, textiles, packaging, and agricultural films. As of 30 September 2024, the company had a team of 15 employees across department
Renol Polychem IPO Details
|
Sector: Chemical Manufacturing |
|
| IPO opens on | 31 July 2025 |
| IPO closes on | 4 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 24,50,000 Shares / Rs 25.77 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 148,800 Shares |
| Net offer to Public | 23,05,200 Shares Rs. 24.20 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 100-105 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker | 1,48,800 (6.06%) |
| QIBÂ | 6,40,800 |
| NII (HNI) | 3,49,200 (14.23%) |
| Retail | 13,15,200 (53.59%) |
| Total | 24,54,000 (100.00%) |
How shares can be applied?
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,400 | Rs.2,52,000 |
| Retail (Max) | 2 | 2,400 | Rs.2,52,000 |
| S-HNI (Min) | 3 | 3,600 | Rs.3,78,000 |
| S-HNI (Max) | 7 | 8,400 | Rs.8,82,000 |
| B-HNI (Min) | 8 | 9,600 | Rs.10,08,000 |
Who are the Promoters of Renol Polychem IPO?
The promoters of the company are Mr. Bhaveshbhai Mansukhbhai Harsoda and Mr. Naitik Bhaveshbhai Harshoda. The promoters hold 99.99% of the pre-IPO capital
What are the Objects of Renol Polychem IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Capital Expenditure in requirements for the purchase of Machinery Rs. 5.60 Cr.
+Repayment of certain borrowings Rs. 1 Cr.
+To meet out the Working Capital Requirements Rs. 15.15 Cr.
+General Corporate Purposes
Renol Polychem IPO Timetable
Tentative timetable |
|
| IPO opens on | 31 July 2025 |
| IPO Closes on | 4 August 2025 |
| IPO Allotment on | 5 August 2025 |
| Refund Initiation | 6 August 2025 |
| Credit of Shares | 6 August 2025 |
| Listing on | 7 August 2025 |
| Registered Office of the Company Renol Polychem Ltd. 307, Sanskar Heights NR RA Circle 150 FT Ring RD, Mavdi, Rajkot, Gujarat, 360004 |
| Lead Managers of this IPO Corporate Makers Capital ltd |
| Who is the Registrar to the IPO? Skyline Financial Services Pvt . ltd |
Renol Polychem IPO Financials
| Period Ended | 31-May-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 25.86 | 23.41 | 15.49 | 10.28 |
| Revenue | 12.02 | 62.56 | 6.52 | 41.86 |
| Profit After Tax | 1.14 | 5 | 1.53 | 0.73 |
| EBITDA | 1.6 | 7.07 | 2.18 | 1.14 |
| Net Worth | 14.47 | 13.33 | 8.69 | 2.71 |
| Reserves and Surplus | 8.98 | 7.84 | 3.2 | Â |
| Total Borrowing | 5.28 | 6.95 | 2.58 | 5.36 |
| Amount in Rs. Crore | ||||
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| 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 |
| EPS-Post | 8.62 |
| Post IPO PER | 12.18 |
How Renol Polychem IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Cash Ur Drive Marketing Ltd. | Â | 44.43 |
| Daps Advertising Ltd | 10.48 | 7.32 |
| Bright Outdoor Media | 29.74 | 12.31 |
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Chanakya’s IPO Review – Renol Polychem by Paresh Gordhandas, CA & Research Analyst
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Renol Polychem IPOÂ GMP
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Renol Polychem IPO review
Renol Polychem makes and supplies colour masterbatches, plastic masterbatches, industrial chemicals, pigments, and additives used in plastic products like pipes, packaging, and automotive parts.
The IPO opens on July 31, 2025, and closes on August 4, 2025 worth Rs. 2.69 crore.
The total issue size is Rs.25.77 crore, and it is a completely fresh issue of 24.54 lakh shares.
The price band is Rs.100 to Rs.105 per share. One lot has 1,200 shares, so the minimum investment is Rs.2.4 lakh.
The allotment is expected on August 5, 2025, and the shares may list on NSE SME on August 7, 2025.
