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Neptune Petrochemicals IPO

₹1,15,000/1000 shares

Minimum Investment

IPO Details

Open Date

28 May 25

Close Date

30 May 25

Minimum Investment

1,15,000

Lot Size

1000

Price Range

115 to ₹122

Listing Exchange

NSE

Issue Size

73.20 Cr

Listing Date

04 Jun 25

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Neptune Petrochemicals IPO Timeline

Bidding Start

28 May 25

Bidding Ends

30 May 25

Allotment Finalisation

02 Jun 25

Refund Initiation

03 Jun 25

Demat Transfer

03 Jun 25

Listing

04 Jun 25

Neptune Petrochemicals Limited 

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 Limited IPO Overview 

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  

 Neptune Petrochemicals Limited IPO Details 

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 

 Neptune Petrochemicals Limited IPO Reservation 

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 

 Neptune Petrochemicals Limited IPO Lot Size 

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 

 Neptune Petrochemicals Limited IPO Promoter Holding 

Shareholding Status  Percentage 
Pre-Issue  100.00% 
Post-Issue   

 Neptune Petrochemicals Limited IPO Valuation Overview 

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   

 Objectives of the Proceeds 

  • Funding capital expenditure for installation of additional plant, machinery, and related infrastructure – ₹515.10 lakhs 
  • Funding capital expenditure for purchase of office space – ₹1474.58 lakhs 

 

  • Funding working capital requirement – ₹4200.00 lakhs 
  • General corporate expenses – 

 Key Financials (in ₹ lakhs) 

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   

Neptune Petrochemicals Limited

SWOT Analysis of Neptune Petrochemicals IPO

Strength and Opportunities

  • Diverse product portfolio including bitumen, emulsions, and modified variants.
  • ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007 certifications.
  • Advanced manufacturing facilities with automated processes.
  • In-house R&D and quality control laboratories.
  • Established client base including government and infrastructure entities.
  • Export presence in neighboring countries like Nepal and Bhutan.

Risks and Threats

  • Dependence on the construction and infrastructure sectors for demand.
  • Exposure to volatility in crude oil prices affecting raw material costs.
  • Intense competition from established domestic and international players.
  • Regulatory changes in environmental and safety standards.
  • Logistics and supply chain challenges in remote areas.
  • Currency exchange rate fluctuations impacting export margins.

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About Neptune Petrochemicals Limited

Neptune Petrochemicals Limited IPO HighlightsIPO Strengths

  • The company offers a diverse range of high-quality bitumen, emulsion, and fuel oil products to serve multiple industries, enhancing customer convenience and loyalty.
  • With years of industry experience, the company maintains strong client relationships and consistently meets evolving market demands.
  • Its focused approach to market segmentation allows tailored solutions and rapid adaptation to industry needs.
  • Efficient production planning ensures timely delivery, minimal waste, and reliable supply.
  • Robust capacity enables the company to fulfil large peak-time orders promptly and consistently.

Peer Group Comparison

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

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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