Neptune Petrochemicals IPO Details
The key details of Neptune Petrochemicals’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹73.20 Cr |
| Price Range | ₹115 - ₹122 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,22,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Neptune Petrochemicals IPO Timelines
The IPO process for Neptune Petrochemicals includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
28/05/2025
Start Date30/05/2025
End Date03/06/2025
Refund Initiation03/06/2025
Credit of Shares to Demat Ac04/06/2025
Listing DateNeptune Petrochemicals IPO Lot Size
The Neptune Petrochemicals IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹122 per share, requiring ₹122,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹244,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,22,000 |
| Retail Maximum | 1 | 1000 | ₹1,22,000 |
| HNI Minimum | 2 | 2000 | ₹2,44,000 |
Neptune Petrochemicals IPO Subscription Status
The subscription status for Neptune Petrochemicals IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 7.12x | 2.91x | 0.00x | -- | 4.11x |
IPO Performance on Listing Day
On the listing day (June 4, 2025), Neptune Petrochemicals made a positive debut on the stock exchange. The stock opened at ₹132.75, delivering a decent premium of 8.8% over its issue price of ₹122. Throughout the trading session, the stock showed steady upward momentum, climbing to a high of ₹139.35 while maintaining support just below its opening price at ₹132.50. The shares concluded their first trading day at ₹139.35, securing a healthy gain of 14.2% over the issue price, reflecting solid investor confidence in this petrochemical manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹132.75 | ₹139.35 | ₹139.35 | ₹132.50 |
Neptune Petrochemicals IPO Company Financials
Neptune Petrochemicals IPO reports robust performance in FY2024 with Total Income of ₹675.97 crores, managing expenses at ₹647.71 crores, and achieving a strong PAT (Profit After Tax) of ₹20.82 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹82.16 | ₹81.24 | ₹0.68 |
| FY 2023 | ₹709.31 | ₹695.37 | ₹10.39 |
| FY 2024 | ₹675.97 | ₹647.71 | ₹20.82 |
| FY 2025 (9 M) | ₹620.16 | ₹594.08 | ₹19.47 |
About Company
Neptune Petrochemicals Limited is engaged in the manufacturing and trading of a wide range of bitumen products, bitumen emulsions, and allied materials, catering mainly to the construction and industrial sectors. Initially formed as a partnership firm under the name “M/s. Neptune Tradelink” in April 2021 by acquiring the business of a sole proprietorship established in 2004, the company was formally incorporated as a limited entity in October 2021. Its offerings include various grades of bitumen, including advanced types such as Polymer Modified Bitumen and Crumb Rubber Modified Bitumen, addressing the specific needs of road construction and infrastructure development.
The company operates three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam), and also engages in trading bitumen and fuel oils sourced from trusted suppliers. Neptune Petrochemicals maintains rigorous quality standards, holding certifications in ISO 2015 (Quality and Environmental Management) and OHSAS 2018 (Occupational Health & Safety). Its products are sold domestically and exported to neighboring countries like Nepal and Bhutan. As of December 31, 2024, the company employed 59 people, underlining its focused yet growing operational scale.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Chemicals | Pareshkumar S. Shah |
Know Before Investing
Neptune Petrochemicals IPO Strengths
- Neptune Petrochemicals manufactures and trades a wide range of products, including various grades of bitumen, bitumen emulsions, polymer-modified bitumen, crumb rubber modified bitumen, lubricants, base oil, and fuel oil, catering to multiple infrastructure and construction needs.
- Founded in 2004, the company has over two decades of experience, earning a strong market reputation for reliability and prompt service in the petrochemical industry.
- Neptune Petrochemicals serves clients across numerous Indian states and has a presence in neighboring countries like Nepal and Bhutan, supporting a broad and diversified customer base.
- The company operates three manufacturing plants in Panipat, Ahmedabad, and Kamrup, as well as a blending unit in Sanand, enabling efficient production and distribution across regions.
- By specializing in bitumen and related products essential for road construction and waterproofing, Neptune benefits from ongoing government and private investments in infrastructure.
- Neptune has built a high reputation among global clients for sourcing reliability and prompt delivery, supporting customer retention and repeat business.
- With a broad product range and technical expertise, the company can tailor products to specific client requirements, enhancing its competitive edge.
Neptune Petrochemicals IPO Risks
- Despite higher net income in FY24, EBITDA margins remain modest at 3.04%, which leaves little cushion against cost increases or pricing pressures.
- The company’s business is highly sensitive to fluctuations in crude oil and related input prices, which can impact margins and profitability if costs rise unexpectedly.
- The petrochemical sector is highly competitive, with many players vying for market share, which can lead to aggressive pricing and margin pressure.
- The business requires significant working capital for inventory and receivables. Any delays in payments or inventory buildup could strain liquidity and disrupt operations.
- If a significant portion of revenue comes from a few major customers, the loss or reduction of business from any of them could materially impact financial performance.
- Demand for Neptune’s products, especially bitumen, is closely tied to infrastructure and construction activity, making the business vulnerable to economic cycles and government spending patterns.
Swot Analysis for Neptune Petrochemicals IPO
Strengths
Leading Bitumen Supplier, Wide Geographic Presence, 20+ Years Industry Experience
Weaknesses
Limited Product Diversification, Raw Material Price Volatility, Manufacturing Concentration
Opportunities
Infrastructure Growth, New Product Development, Export Potential
Threats
Strong Competition, Regulatory Changes, Infrastructure Project Delays
Company Details
Neptune Petrochemicals Limited
Block-B, Office No. 606, Mondeal Heights Nr. Panchratna Party Plot, S. G. Highway, Ahmedabad, Gujarat, India, 380015
Phone: +91-79 49000599
Email: info@neptunepetrochemicals.com
Website: https://neptunepetrochemicals.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: neptunepetrochemicals.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Neptune Petrochemicals IPO are:
- 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 Expenses
Beeline Capital Advisors Pvt Ltd is the book-running lead managers for the Neptune Petrochemicals IPO.
Neptune Petrochemicals IPO presents strong growth potential, driven by a sharp rise in revenue from ₹82.16 crore in FY22 to ₹709.31 crore in FY23, and a significant increase in net profit to ₹20.82 crore in FY24. The company benefits from robust demand in the construction and infrastructure sectors, supported by India’s expanding development projects. Their specialized bitumen products and growing export presence in Nepal and Bhutan further enhance scalability.
The issue price for the Neptune Petrochemicals IPO is set between ₹115 to ₹122 per share.
To invest in one lot of Neptune Petrochemicals IPO, you need ₹1,15,000 at the lower price band (₹115 per share) or ₹1,22,000 at the upper price band (₹122 per share) for a lot size of 1000 shares.
Neptune Petrochemicals IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on June 4, 2025.
Refund/unblocking of funds for Neptune Petrochemicals IPO will begin on June 3, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Neptune Petrochemicals IPO shares on listing day (June 4, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.