Renol Polychem was incorporated on April 01, 2008. The company manufactures colour masterbatches, pigments, and additives like filler granules and anti-moisture powder. It also offers customized solutions for UPVC and CPVC pipe manufacturers, combining stabilizers, impact modifiers, and pigments
| Bidding Dates |
|---|
| 31 Jul 2025 - 04 Aug 2025 |
| Subscription |
|---|
| 6.42x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1200 | 2.5 M | ₹100 - ₹105 | 69.1 % | ₹245.4 M - ₹257.7 M | RHP DOC |
Renol Polychem IPO SUBSCRIPTION STATUS
04 Aug '25Renol Polychem IPO overall subscription rate was 6.42 times the total available shares
Renol Polychem IPO retail subscription rate was 11.83 times in the retail segment
Renol Polychem IPO non-institutional investor subscription rate was 8.22 times in the non-institutional investor category
Renol Polychem IPO Qualified Institutional Bidder subscription rate was 2.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
04 Aug 2025 (Day 3) | 11.83x | 8.22x | 2.09x |
01 Aug 2025 (Day 2) | 3.55x | 3.85x | 0.18x |
31 Jul 2025 (Day 1) | 1.56x | 3.23x | - |
Renol Polychem FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 2MFY26 | 12.0 | 1.1 | -1.1 | -1.1 | 13.3% |
| FY25 | 62.3 | 5.0 | -1.2 | -1.3 | 11.4% |
| FY24 | 6.4 | 1.5 | 1.2 | 1.2 | 33.8% |
| FY23 | 41.7 | 0.7 | -1.1 | -1.1 | 2.7% |
Renol Polychem IPO SUBSCRIPTION STATUS DETAILS
Renol Polychem had 2.5 M shares on offer
Renol Polychem IPO offer price was in the range ₹100 - ₹105
Renol Polychem IPO minimum Investment was ₹240000
Renol Polychem IPO issue size was ₹ 245.4 M - ₹ 257.7 M
Renol Polychem had a minimum lot size of 1200 Shares per application
Renol Polychem NUMBER OF SHARES ON OFFER
Renol Polychem IPO IMPORTANT DATES
| Issue Open Date | 31 Jul 2025 |
| Issue close Date | 04 Aug 2025 |
| Allotment Date | 05 Aug 2025 |
| Refund Date | 06 Aug 2025 |
| Demat Account Credit Date | 06 Aug 2025 |
| Listing Date | 07 Aug 2025 |
| Listing on Exchange(s) | NSE |
| Renol Polychem Allotment Status | Exchange/ Registrar |
Renol Polychem IPO subscription opened on 31 Jul 2025, and closed on 04 Aug 2025
IPO allotment for Renol Polychem was finalized on Tuesday, 05 Aug 2025
IPO listing for Renol Polychem was on NSE on Thursday, 07 Aug 2025
Renol Polychem IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 105.0 |
| Listing Close Price | 99.8 |
| Listing Gain% | 0.0% |
| Current Gain% | -20.5% |
Renol Polychem 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Renol Polychem Ltd. | 83.5 | 66.3 | 12.2 | 1.4 | 0.7 | 7.6 | 4.1 | 90.2 | 44.2 | 8.3 | 65.2 | 6.8 | 8.6 |
| Pidilite Industries Ltd. | 1678 | 170785.2 | 64.5 | 3 | 11.1 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2597.5 | 76996.3 | 35.6 | 0.7 | 4.5 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4509.9 | 49541.3 | 85.7 | 14.6 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 774.8 | 39093.4 | 48.9 | 1.6 | 7.9 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1608.9 | 21352.1 | 90.8 | 2.7 | 17.4 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Renol Polychem INFORMATION ON IPO ISSUE
About Renol Polychem
Renol Polychem was incorporated on April 01, 2008. The company manufactures colour masterbatches, pigments, and additives like filler granules and anti-moisture powder. It also offers customized solutions for UPVC and CPVC pipe manufacturers, combining stabilizers, impact modifiers, and pigments
Object of the Issue
- To meet out the capital expenditure in requirements for the purchase of machinery
- Repayment of certain borrowings
- To meet the working capital requirements of the company
- General corporate purposes
Renol Polychem - PROMOTERS
| Name |
|---|
| Bhaveshbhai Mansukhbhai Harsoda |
| Naitik Bhaveshbhai Harsoda |
Renol Polychem - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Bhaveshbhai Mansukhbhai Harsoda | Managing Director |
| Anjali Hukambhai Jeshani | Non-Executive Non-Independent Director |
| Anandbhai Nalinbhai Pathak | Independent Director |
| Nikita Gaurav Tank | Independent Director |
Renol Polychem Book Running Lead Manager
Corporate Makers Capital Limited
compliance@corporatemakers.in
Renol Polychem Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Renol Polychem Strengths
Diverse product portfolio
The company offers a diverse product portfolio, serving a broad customer base across India and overseas. It has evolved from trading to manufacturing and is well-positioned to launch new products based on customer needs
Client relationship
The company focuses on offering quality products at competitive prices by improving cost efficiency through local sourcing, strong vendor ties, and process optimization. It also emphasizes after-sales support and operational excellence without compromising quality
Renol Polychem Risks
Environmental risks
The company manufactures plastic-based raw materials like granules, masterbatches, and pigments. Growing environmental concerns and stricter regulations on plastic use may lead to higher compliance costs or even operational restrictions, impacting business continuity
Regulatory approvals
The company operates under various laws requiring regulatory approvals, and failure to obtain or renew them could adversely impact its operations, growth prospects, and financial performance
Depend on limited products
The company relies heavily on a limited range of products for revenue. Failure to adapt to changing consumer preferences or maintain quality could reduce demand and negatively affect its business and financial performance
IPO FAQs
The promoters of the company are Bhaveshbhai Mansukhbhai Harsoda and Naitik Bhaveshbhai Harsoda.
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 100.0 - 105.0.
The IPO application opens on Jul 31, 2025 and closes on Aug 04, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 252,000.0.
This IPO will be allotted on Aug 05, 2025.
The refund will be credited to your account on Aug 06, 2025.
The allotted shares will be credited to your demat on Aug 06, 2025.
Renol Polychem Ltd.’s shares listed on the stock exchanges on Aug 07, 2025.