Neptune Petrochemicals IPO

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	–