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28 May 25
30 May 25
₹1,15,000
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₹115 to ₹122
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₹73.20 Cr
04 Jun 25
28 May 25
30 May 25
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Incorporated in October 2021, Neptune Petrochemicals Limited manufactures and trades various bitumen products, including polymer and crumb-rubber-modified bitumen. It caters primarily to the construction and industrial sectors. The company operates three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam). It also trades bitumen and fuel oils, sourcing from trusted suppliers. Neptune is ISO and OHSAS 2018 certified for quality, environment, and safety management. The company exports to Nepal and Bhutan, serves Indian markets, and had 59 employees as of December 31, 2024.
Neptune Petrochemicals is launching its Initial Public Offering (IPO) through a book-building process, aiming to raise ₹73.20 crores. The entire issue consists of a fresh offering of 60 lakh equity shares. The IPO will open for subscription on May 28, 2025, and close on May 30, 2025. The allotment of shares is expected to be finalised on Monday, June 2, 2025, and the shares are scheduled to be listed on the NSE SME platform, with a tentative listing date of Wednesday, June 4, 2025.
The price band for the IPO has been fixed between ₹115 to ₹122 per share. The minimum application size for retail investors is one lot, comprising 1,000 shares, requiring an investment of ₹1,15,000. However, to improve the chances of allotment in case of oversubscription, investors are advised to bid at the cutoff price, which amounts to approximately ₹1,22,000. For High Net-worth Individuals (HNIs), the minimum investment is two lots, i.e., 2,000 shares, translating to ₹2,44,000.
Beeline Capital Advisors Pvt Ltd is acting as the book-running lead manager for the IPO, while Link Intime India Private Ltd has been appointed as the registrar to the issue
| Particulars | Details |
| IPO Date | 28 May 2025 to 30 May 2025 |
| Listing Date | 4 June 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹122 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹73.20 Cr) |
| Fresh Issue | 60,00,000 shares (aggregating up to ₹73.20 Cr) |
| Offer for Sale | NA |
| 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 |
| Market Maker Portion | 3,01,000 shares |
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹1,22,000 |
| Retail (Max) | 1 | 1,000 | ₹1,22,000 |
| HNI (Min) | 2 | 2,000 | ₹2,44,000 |
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue |
| KPI | Value |
| Earnings Per Share (EPS) | 13.87 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 98.56% |
| Net Asset Value (NAV) | 31899.83 |
| Return on Equity | 96.85% |
| Return on Capital Employed (ROCE) | 117.86% |
| EBITDA Margin | 3.01% |
| PAT Margin | 3.12% |
| Debt to Equity Ratio | – |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12,095.42 | 10,788.18 | 9750.78 |
| Revenue | 66,773.77 | 70,782.29 | 8116.33 |
| Profit After Tax | 2081.56 | 1039.13 | 68.29 |
| Reserves and Surplus | 3188.98 | 1107.42 | 68.29 |
| Total Borrowings | – | 511.71 | – |

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
IPO Strengths| Name of Company | Face Value (₹) | EPS (₹) | PE | RoNW (%) | NAV per Share (₹) | Revenue (₹ in Lakhs) |
| Neptune Petrochemicals Limited | 10.00 | 13.87 | [●] | 65.25 | 19.16 | 66,773.77 |
| Peer Groups | ||||||
| Agarwal Industrial Corporation Ltd | 10.00 | 73.02 | 13.85 | 21.37 | 341.64 | 2,12,529.93 |
| Nexxus Petro Industries Limited | 10.00 | 8.99 | 22.94 | 40.36 | 12.42 | 23,778.48 |
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
The IPO opens on 28 May 2025 and closes on 30 May 2025.
Retail investors need to invest at least ₹1,22,000 for one lot of 1,000 shares.
The shares will be listed on the NSE SME platform on 4 June 2025.
The IPO price band is set between ₹115 to ₹122 per equity share.
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