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Renol Polychem IPO

₹1,20,000/1200 shares

Minimum Investment

IPO Details

Open Date

31 Jul 25

Close Date

04 Aug 25

Minimum Investment

1,20,000

Lot Size

1200

Price Range

100 to ₹105

Listing Exchange

NSE

Issue Size

25.77 Cr

Listing Date

07 Aug 25

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Renol Polychem IPO Timeline

Bidding Start

31 Jul 25

Bidding Ends

04 Aug 25

Allotment Finalisation

05 Aug 25

Refund Initiation

06 Aug 25

Demat Transfer

06 Aug 25

Listing

07 Aug 25

Renol Polychem Limited

Renol Polychem Limited, established in 2008, is engaged in manufacturing and supplying colour masterbatches, additive masterbatches, plastic pigments, and polymer compounds. Its wide product range includes masterbatches for various plastic applications such as packaging, pipes, and consumer goods. The company caters to industries including automotive, electronics, textiles, and agriculture. With rich promoter experience and diversified offerings, Renol has built strong customer and vendor relationships.

Renol Polychem Limited IPO Overview

Renol Polychem is launching its IPO through a book-building process, with a total issue size of ₹25.77 crores. The offer comprises a complete fresh issue of 24.54 lakh equity shares. The subscription window for the Renol Polychem IPO will open on July 31, 2025, and close on August 4, 2025. The allotment is expected to be finalised on Tuesday, August 5, 2025, and the shares are proposed to be listed on the NSE SME platform with a tentative listing date of Thursday, August 7, 2025.

The IPO is priced in the range of ₹100 to ₹105 per share. Investors can apply in a lot size of 1,200 shares. For retail individual investors, the minimum investment amount is ₹2,40,000, representing 2,400 shares. High Net-Worth Individuals (HNIs) must apply for a minimum of three lots, totalling 3,600 shares, which amounts to ₹3,78,000.

Corporate Capital Makers Ltd. is acting as the book-running lead manager for this issue, and Skyline Financial Services Private Ltd. is serving as the registrar. For further details, investors may refer to the Draft Red Herring Prospectus (DRHP) of the Renol Polychem IPO.

Renol Polychem Limited IPO Details

Particulars Details
IPO Date 31 July 2025 to 4 August 2025
Listing Date 7 August 2025
Face Value ₹10 per share
Issue Price Band ₹100 to ₹105 per share
Lot Size 1,200 Shares
Total Issue Size 24,54,000 shares (₹25.77 Cr)
Fresh Issue 24,54,000 shares (₹25.77 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At NSE SME
Share Holding Pre Issue 54,90,000 shares
Share Holding Post Issue 79,44,000 shares
Market Maker Portion 1,48,800 shares

Renol Polychem IPO Reservation

Investor Category Shares Offered
Market Maker 1,48,800 (6.06%)
QIB 6,40,800
NII (HNI) 3,49,200 (14.23%)
Retail 13,15,200 (53.59%)
Total 24,54,000 (100.00%)

Renol Polychem IPO Lot Size

Application Lots Shares Amount
Retail (Min & Max) 2 2,400 ₹2,52,000
S-HNI (Min) 3 3,600 ₹3,78,000
S-HNI (Max) 7 8,400 ₹8,82,000
B-HNI (Min) 8 9,600 ₹10,08,000

Renol Polychem IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 99.99%
Post-Issue 69.11%

Renol Polychem IPO Valuation Overview

KPI Value
EPS (Post) ₹5.53
P/E Ratio 18.99x
RoNW 27.50%
NAV ₹24.28
ROE 27.50%
ROCE 37.42%
PAT Margin 23.78%
Debt to Equity Ratio 0.30
Price to Book Value 6.63x

Objectives of the Proceeds

  • Purchase of machinery for capacity expansion – ₹5.6 Cr
  • Repayment of certain borrowings – ₹1.0 Cr
  • To meet working capital requirements – ₹15.15 Cr
  • General corporate purposes – Amount not disclosed

Key Financials (in ₹ Crore)

Particulars 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 24.57 15.49 10.28 6.69
Revenue 29.03 6.52 41.86 26.80
Profit After Tax 2.20 1.53 0.73 0.16
Reserves & Surplus 5.40 3.20
Total Borrowings 9.07 2.58 5.36 3.80

SWOT Analysis of Renol Polychem IPO

Strength and Opportunities

  • Experienced promoters and a technically sound leadership team.
  • Strong presence in diverse plastic processing industries.
  • Wide range of specialised masterbatches for various applications.
  • Established manufacturing facility with long-standing client base.

Risks and Threats

  • Limited employee base may restrict scalability.
  • High dependency on working capital for operations.
  • Industry exposed to raw material price volatility.
  • SME listing may limit investor interest compared to mainboard.

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About Renol Polychem Limited

Renol Polychem IPO Strengths

  • Experienced management team with strong industry knowledge and operational understanding.
  • Broad product portfolio catering to diverse and varied customer needs.
  • Strong vendor ties, loyal customers, and well-established production infrastructure.

Peer Group Comparison

Company Name EPS NAV P/E RoNW (%) P/BV Ratio
Renol Polychem 9.10 24.28 45.37 27.50 6.63
Peer Groups
Multibase India 11.61 62.21 23.85 13.76 4.45
Captain Polyplast 5.28 25.50 15.07 25.40 3.16
R M Drip & Sprinkler Systems 9.58 32.00 63.69 41.45 19.06

How to apply IPO with HDFC SKY?

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

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