- POSITIVE
Annual Revenue Neptune Petrochemicals Mar-2026 Annual Revenue is Rs 1,063 Cr which is growth of 10.8% YoY.
- POSITIVE
Annual Net Profit Neptune Petrochemicals Mar-2026 Annual Net Profit is Rs 30 Cr which is growth of 20.9% YoY.

Neptune Petrochemicals was incorporated on October 21, 2021. The company manufactures and trades bitumen, modified bitumen, and emulsions, primarily serving road construction and industrial sectors. It is a leading bitumen importer in India and the top importer of packed bitumen in 2024
| Bidding Dates |
|---|
| 28 May 2025 - 30 May 2025 |
| Subscription |
|---|
| 3.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹115,000 | 1 | 1 | 1000 | 6.0 M | ₹115 - ₹122 | 69.33 % | ₹690.0 M - ₹732.0 M | RHP DOC |
Neptune Petrochemicals IPO SUBSCRIPTION STATUS
30 May '25Neptune Petrochemicals IPO overall subscription rate was 3.89 times the total available shares
Neptune Petrochemicals IPO non-institutional investor subscription rate was 13.36 times in the non-institutional investor category
Neptune Petrochemicals IPO Qualified Institutional Bidder subscription rate was 3.78 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 May 2025 (Day 3) | - | 13.36x | 3.78x |
29 May 2025 (Day 2) | - | 5.75x | 1.67x |
28 May 2025 (Day 1) | - | 2.72x | 1.29x |
Neptune Petrochemicals FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 19.5 | 614.3 | -11.4 | -12.8 | 3.4% |
| FY24 | 20.8 | 667.7 | 16.1 | 13.4 | 3.0% |
| FY23 | 10.4 | 707.8 | -6.9 | -7.6 | 1.8% |
| FY22 | 0.7 | 81.2 | 11.9 | 11.9 | -0.1% |
Neptune Petrochemicals IPO SUBSCRIPTION STATUS DETAILS
Neptune Petrochemicals had 6.0 M shares on offer
Neptune Petrochemicals IPO offer price was in the range ₹115 - ₹122
Neptune Petrochemicals IPO minimum Investment was ₹115000
Neptune Petrochemicals IPO issue size was ₹ 690.0 M - ₹ 732.0 M
Neptune Petrochemicals had a minimum lot size of 1000 Shares per application
Neptune Petrochemicals NUMBER OF SHARES ON OFFER
Neptune Petrochemicals IPO IMPORTANT DATES
| Issue Open Date | 28 May 2025 |
| Issue close Date | 30 May 2025 |
| Allotment Date | 02 Jun 2025 |
| Refund Date | 03 Jun 2025 |
| Demat Account Credit Date | 03 Jun 2025 |
| Listing Date | 04 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Neptune Petrochemicals Allotment Status | Exchange/ Registrar |
Neptune Petrochemicals IPO subscription opened on 28 May 2025, and closed on 30 May 2025
IPO allotment for Neptune Petrochemicals was finalized on Monday, 02 Jun 2025
IPO listing for Neptune Petrochemicals was on NSE on Wednesday, 04 Jun 2025
Neptune Petrochemicals IPO LISTING GAINS
| Issue Price (adjusted) | 122.0 |
| Listing Open Price | 132.8 |
| Listing Close Price | 139.3 |
| Listing Gain% | 8.8% |
| Current Gain% | 44.9% |
Neptune Petrochemicals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Neptune Petrochemicals Ltd. | 176.8 | 400.4 | 13.2 | 0.6 | 0.4 | 17.8 | 13.8 | 1063.1 | 10.8 | 30.3 | 20.9 | 13.4 | 20.9 |
| Supreme Petrochem Ltd. | 704.6 | 13250.3 | 24.9 | 2 | 13.9 | 9.4 | 5449.8 | 329.2 | 28.3 | ||||
| Rain Industries Ltd. | 162.5 | 5467 | 8.5 | 0 | 0.3 | 0.6 | 0.2 | 17084.2 | 9.4 | 42.5 | 107.5 | 19.1 | 584.8 |
| I G Petrochemicals Ltd. | 563.4 | 1735 | 10.3 | 0 | 0.7 | 0.2 | 0.1 | 1950.8 | -12.6 | 2.2 | -98 | 54.8 | 418.8 |
| Manali Petrochemicals Ltd. | 77.6 | 1334.4 | 5.9 | 0 | 1.1 | 10.1 | 8.1 | 1069.8 | 16.1 | 130 | 343.4 | 13.1 | 363.9 |
| Petro Carbon and Chemicals Ltd. | 416.5 | 1028.8 | 40 | 16.7 | 5.6 | 578 | 92.8 | 25.7 | 171.6 | 10.4 |
Neptune Petrochemicals annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
14.4% | 1,063.1 | 959.2 | 676 | 709.3 | 82.2 | ||
Operating Exp. Ann. | 13.7% | 1,020.3 | 924.4 | 647.3 | 694.8 | 81.2 | |
Operating Profit Ann. | 34.4% | 31.8 | 23.6 | 20.5 | 13.1 | -0 | |
OPM Ann. % | 17.6% | 2.99% | 2.45% | 3.03% | 1.84% | -0.05% | |
13.7% | 1,022.6 | 925.2 | 647.7 | 695.4 | 81.2 | ||
EBITDA Ann. | 43.6% | 42.9 | 34.8 | 28.7 | 14.5 | 1 | |
EBITDA Ann. margin % | 25.3% | 4.03% | 3.63% | 4.24% | 2.05% | 1.17% | |
Interest Ann. | 47.4% | 1.6 | 0.1 | 0.3 | 0.5 | 0 | |
Depr. | 91.3% | 0.7 | 0.7 | 0.2 | 0.1 | ||
PBT Ann. | 42.8% | 40.5 | 34 | 28.3 | 13.9 | 0.9 | |
Tax Ann. | 41.5% | 10.2 | 8.9 | 7.4 | 3.6 | 0.2 | |
42.8% | 30.3 | 25.1 | 20.8 | 10.4 | 0.7 | ||
Net Profit Ann. | 42.8% | 30.3 | 25.1 | 20.8 | 10.4 | 0.7 | |
NPM Ann. % | 25.4% | 2.88% | 2.64% | 3.11% | 1.46% | 0.84% | |
EPS Adj. latest Ann. | 42.8% | 13.4 | 11.1 | 9.2 | 4.6 | 0.3 |
Neptune Petrochemicals INFORMATION ON IPO ISSUE
About Neptune Petrochemicals
Neptune Petrochemicals was incorporated on October 21, 2021. The company manufactures and trades bitumen, modified bitumen, and emulsions, primarily serving road construction and industrial sectors. It is a leading bitumen importer in India and the top importer of packed bitumen in 2024
Object of the Issue
- Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure
- Funding the capital expenditure for purchase of office space
- Funding working capital requirement
- General corporate purpose
Neptune Petrochemicals - PROMOTERS
| Name |
|---|
| Pareshkumar Subodhchandra Shah |
| Riddhi Pareshkumar Shah |
| Sanjaykumar Subodhchandra |
Neptune Petrochemicals Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Neptune Petrochemicals Registrar to the issue
Mufg Intime India Private Limited
neptunepetrochemicals.smeipo@linkintime.co.in
Neptune Petrochemicals Strengths
Broad product range
The company offers a wide range of products including various grades of bitumen, bitumen emulsions, modified bitumen, and fuel oils. This diversity allows it to serve multiple industries such as construction, roads and highways, and industrial applications
Targeted market focus
The company customizes its offerings to serve specific market segments like road construction and industrial applications. This focused approach ensures efficient resource use and timely response to market shifts. By addressing the unique requirements of each segment, the company builds trust and long-term partnerships with clients
High demand readiness
The company maintains production capacity to meet both average and peak demand in the road construction sector, where large quantities of bitumen are required within tight deadlines. This ability to fulfill bulk orders during peak periods positions the company as a preferred supplier for large-scale projects
Neptune Petrochemicals Risks
Raw material dependence
The company relies heavily on international suppliers for raw bitumen and petroleum oils. Any geopolitical tension, trade restrictions, or logistical issues may disrupt supply chains, affecting production schedules and operational efficiency
Crude price volatility
As bitumen is a byproduct of crude oil, any major fluctuation in crude oil prices directly affects the company's raw material costs. An increase in crude prices may compress margins if the company cannot pass on the cost
Seasonal demand risk
The company’s operations are impacted by seasonal fluctuations, especially during the monsoon, when road and construction activities decline. This reduces demand for bitumen products, leading to lower sales and strained cash flows, ultimately affecting financial performance and profitability
IPO FAQs
The promoters of the company are Pareshkumar Subodhchandra Shah, Riddhi Pareshkumar Shah and Sanjaykumar Subodhchandra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 115.0 - 122.0.
The IPO application opens on May 28, 2025 and closes on May 30, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 115,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Jun 02, 2025.
The refund will be credited to your account on Jun 03, 2025.
The allotted shares will be credited to your demat on Jun 03, 2025.
Neptune Petrochemicals Ltd.’s shares listed on the stock exchanges on Jun 04, 2025.
