Neptune Petrochemicals Ltd. logo

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 InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹115,0001110006.0 M₹115 - ₹12269.33 %₹690.0 M - ₹732.0 MRHP DOC

Neptune Petrochemicals IPO SUBSCRIPTION STATUS

30 May '25
Total3.89x
Retail Individual Investor-
HNI (NII) Investors13.36x
Qualified Institutional Buyers3.78x

Neptune 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

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
30 May 2025
(Day 3)
-13.36x3.78x
29 May 2025
(Day 2)
-5.75x1.67x
28 May 2025
(Day 1)
-2.72x1.29x

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

Total6.0 M
Fresh Issue6.0 M
Offer for Sale0
Post Issue Promoter Holding %69.33 %

Neptune Petrochemicals IPO IMPORTANT DATES

Issue Open Date28 May 2025
Issue close Date30 May 2025
Allotment Date02 Jun 2025
Refund Date03 Jun 2025
Demat Account Credit Date03 Jun 2025
Listing Date04 Jun 2025
Listing on Exchange(s)NSE
Neptune Petrochemicals Allotment StatusExchange/ 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 Price132.8
Listing Close Price139.3
Listing Gain%8.8%
Current Gain%44.9%

Neptune Petrochemicals Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Neptune Petrochemicals Ltd.176.8400.413.20.60.417.813.81063.110.830.320.913.420.9
Supreme Petrochem Ltd.704.613250.324.9213.99.45449.8329.228.3
Rain Industries Ltd.162.554678.500.30.60.217084.29.442.5107.519.1584.8
I G Petrochemicals Ltd.563.4173510.300.70.20.11950.8-12.62.2-9854.8418.8
Manali Petrochemicals Ltd.77.61334.45.901.110.18.11069.816.1130343.413.1363.9
Petro Carbon and Chemicals Ltd.416.51028.84016.75.657892.825.7171.610.4

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

Strength

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

Strength

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

Strength

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

Risk

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

Risk

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

Risk

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.