Neptune Petrochemicals' IPO Allotment to Take Place Today

Mumbai | June 2, 2025:  Neptune Petrochemicals’ IPO allotment will come today, 2nd June, 2025.

IPO Subscription Overview

The ₹73.20 crore book-built IPO consists entirely of a fresh issue of 60 lakh equity shares, with a price band of ₹115 to ₹122 per share. The issue drew strong interest, with 1.21 crore bids placed against 42.91 lakh shares available. The stock is set to debut on the NSE SME platform on June 4, 2025.

Category-Wise Subscription (as of May 30, 2025)

• Qualified Institutional Buyers (QIBs): 7.12 times
• Non-Institutional Investors (NIIs): 2.91 times
• Total Subscription: 4.11 times

Grey Market Premium (GMP)

As of June 2, 2025, the GMP for Neptune Petrochemicals stands at nil, suggesting that the stock may list at par with the issue price of ₹122. Investors are reminded that GMP is unofficial and subject to fluctuations, and should not be the sole basis for investment decisions.

How to Check IPO Allotment Status

On NSE:

• Visit the NSE IPO allotment page.
• Select “Equity & SME IPO bid details.”
• Choose “NEPTUNE” from the symbol dropdown.
• Enter your PAN or Application Number, and click Submit.

On MUFG Intime India (Registrar):

• Go to MUFG Intime India’s IPO allotment page.
• Select “Neptune Petrochemicals Limited” from the list.
• Input PAN, Application Number, or DP/Client ID.
• Click Submit to check status.

Company Overview

Neptune Petrochemicals is a manufacturer and trader of bitumen products, bitumen emulsions, and related construction materials. Their product line includes:

• Polymer Modified Bitumen
• Crumb Rubber-based Bitumen
• Specialty Oils

Use of IPO Funds

Proceeds from the IPO will go towards:

• Installation of new plant and machinery
• Office space acquisition
• Working capital requirements
• General corporate purposes

The stock will make its market debut on June 4, 2025.

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