IPO Details
Bidding Dates
28 May '25 - 30 May '25
Minimum Investment
₹1,15,000/ 1 Lot (1,000 Shares)
Price Range
₹115-₹122
Maximum Investment
₹1,22,000/ 1 Lot (1,000 Shares)
Retail Discount
To be announced
Issue Size
₹73.20 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Neptune Petrochemicals IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 26, 25
IPO Closing Date
May 30, 25
Basis of Allotment
Jun 02, 25
Initiation of Refunds
Jun 03, 25
IPO Listing Date
Jun 04, 25
About Neptune Petrochemicals IPO
Neptune Petrochemicals is launching its IPO through a book-building issue worth ₹73.20 crore. This public offering comprises a fresh issue of 60 lakh equity shares. The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025.
The basis of allotment is likely to be finalised on June 2, 2025, and the shares are expected to be listed on the NSE SME platform on June 4, 2025. The price band for the Neptune Petrochemicals IPO has been fixed at ₹115 to ₹122 per share. Retail investors can apply for a minimum of 1,000 shares, which means the minimum investment amount is ₹1,15,000.
To improve the chances of allotment in case of oversubscription, it is advisable to apply at the cutoff price, which amounts to ₹1,22,000. High Net-worth Individuals (HNIs) need to apply for at least 2 lots, requiring an investment of ₹2,44,000.
Beeline Capital Advisors Private Limited is managing the issue, while MUFG Intime India Private Limited is serving as the registrar. Interested investors can refer to the RHP for further details.
Industry Outlook
- India's petrochemical industry reached a size of US$163 billion in 2018 and continues to grow rapidly with high domestic demand. This growth, driven by industrialisation and infrastructure expansion, offers a strong foundation for Neptune Petrochemicals to tap into a robust and expanding market.
- The Indian bitumen market is expected to grow from $4.6 billion in 2022 to $6.8 billion by 2032, at a CAGR of 4.0%. As Neptune Petrochemicals operates in oil-based substances, this demand surge will likely support higher product volumes and revenue opportunities for the company in the coming years.
Neptune Petrochemicals IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- A portion of the net proceeds will be used to invest in new plant and machinery to expand production capacity and strengthen infrastructure.
- Funds will be allocated to purchase office space and support business operations with a dedicated workspace.
- A portion of the proceeds will be allocated toward working capital needs for smooth day-to-day business functioning.
- The remaining funds will be used for general corporate purposes.
About Neptune Petrochemicals Limited
Neptune Petrochemicals Limited is a leading player in India’s bitumen industry, specialising in the manufacturing and trading of bitumen products, bitumen emulsions, and related products. The company offers a diverse range of bituminous materials including Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and other value-added variants used widely in road construction and industrial applications.
The journey began in 2004 as a sole proprietorship and evolved through various stages, eventually becoming a public limited company in July 2024. Neptune operates three manufacturing facilities across Gujarat, Haryana, and Assam, along with a dedicated storage unit in Ahmedabad, Gujarat. These facilities are equipped with advanced automated machinery including bitumen decanters and fully automatic emulsion plants.
The company is certified under ISO 9001:2015 for quality management, ISO 14001:2015 for environmental care, and OHSAS 45001:2018 for occupational safety, reflecting its commitment to global standards.
Known as the top importer of packed bitumen in India for 2024, Neptune sources high-quality raw materials and delivers consistent performance through efficient production planning and strong supplier relationships. Its strategic focus on market-specific needs, especially in road infrastructure, supports customer satisfaction and business growth.
With operations extending into Nepal and Bhutan, Neptune continues to play a vital role in regional infrastructure development under the leadership of its experienced management team.
How To Check the Allotment Status of Neptune Petrochemicals IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Neptune Petrochemicals IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Neptune Petrochemicals IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Neptune Petrochemicals IPO
Registered office: Block-B, Office No. 606, Mondeal Heights Nr. Panchratna Party Plot, S. G. Highway, Ahmedabad, Gujarat, India, 380015
Phone: +91-79 49000599/600
E-mail:info@neptunepetrochemicals.com
Neptune Petrochemicals IPO Reservation
|
Investor Category |
Shares Offered |
|
Qualified Institutional Buyers (QIBs) |
Up to 50% of the Net Issue |
|
Retail Individual Investors (RIIs) |
At least 35% of the Net Issue |
|
Non-Institutional Investors (NIIs) |
At least 15% of the Net Issue |
Neptune Petrochemicals IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,000 |
₹1,15,000 |
|
Retail (Max) |
1 |
1,000 |
₹1,22,000 |
|
HNI (Min) |
2 |
2,000 |
₹2,44,000 |
Neptune Petrochemicals IPO Promoter Holding
The promoters of the company include Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah and Mr. Sanjaykumar Subodhchandra Shah
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
- |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Neptune Petrochemicals IPO
|
KPI |
Value |
|
ROE (%) |
65.00 |
|
RoCE (%) |
65.00 |
|
RoNW (%) |
65.25 |
|
PAT Margin |
3.12 |
Neptune Petrochemicals IPO Prospectus
Neptune Petrochemicals IPO Registrar and Lead Managers
Neptune Petrochemicals IPO Lead Managers
- Beeline Capital Advisors Private Limited
Registrar for Neptune Petrochemicals IPO
MUFG Intime India Private Limited ((Link Intime)
- Contact Number: +91-22-4918 6270
- Email Address: neptunepetrochemicals.smeipo@linkintime.co.in
Neptune Petrochemicals IPO Registrar
Financial Performance of Neptune Petrochemicals Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 66,773.77 | 70,782.29 | 8,116.33 |
| Profit/ (loss) for the year (in ₹ lakh) | 2,081.56 | 1,039.13 | 68.29 |
| Earnings per Share (₹) | 13.87 | 6.92 | 1.03 |
| Net Worth(in ₹ lakh) | 3,189.98 | 1,108.42 | 69.29 |
| Return on Equity (RoE) (%) | 96.85 | 176.47 | 197.11 |
| Return on Capital Employed (RoCE) (%) | 117.86 | 170.40 | 265.48 |
| EBITDA (in ₹ lakh) | 2,027.12 | 1,296.87 | (7.94) |
Know before investing
Strengths
5-
Offers over four grades of bitumen serving diverse industrial sectors.
-
Years of petrochemical experience of the leadership ensure reliable, informed market decisions.
-
Focused market segmentation improves demand alignment and product relevance.
-
Efficient planning supports large-scale road projects during peak demand.
-
NABL-certified lab ensures quality with IS-standard product testing protocols.
Risks
5-
Heavy reliance on foreign suppliers may disrupt raw material supply.
-
Trading-focused revenue is vulnerable to global bitumen price changes.
-
Seasonal demand drops during monsoon reduce sales and profit levels.
-
Crude oil price changes increase volatility in bitumen cost structure.
-
Underutilised plant capacity raises per-unit costs and hurts profits.
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Neptune Petrochemicals IPO Peer Comparison
| Company Name | EPS (Basic) | NAV (per share) (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| Neptune Petrochemicals Limited | 13.87 | 19.16 | - | 65.25 |
| Agarwal Industrial Corporation Limited | 73.02 | 341.64 | 13.85 | 21.37 |
| Nexxus Petro Industries Limited | 8.99 | 12.42 | 22.94 | 40.36 |
Neptune Petrochemicals IPO FAQs
Neptune Petrochemicals IPO is a book-built issue IPO. It runs from May 28, 2025, to May 30, 2025.
The Basis of Allotment will happen on Monday, June 2, 2025.
The IPO subscription window will open on May 28, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for Neptune Petrochemicals IPO is Wednesday, June 4, 2025.
The issue size of the Neptune Petrochemicals IPO is up to ₹73.20 crore.
The open and close dates for Neptune Petrochemicals IPO are from May 28, 2025, to May 30, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
MUFG Intime India Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Neptune Petrochemicals IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).
