Latest IPO in India: Neptune Petrochemicals Ltd IPO Details Show Positive Growth Potential [2025]
The latest IPO in India, Neptune Petrochemicals Ltd, is generating significant buzz among investors. Specializing in bitumen products, the company is set to open its Initial Public Offering (IPO) on May 28, 2025. This article delves into the IPO details, including the IPO price band, subscription status, and other critical information to help investors make informed decisions.
Company Overview
Established in 2021, Neptune Petrochemicals Ltd is engaged in manufacturing and trading bitumen products, including polymer-modified and crumb rubber-modified bitumen, bitumen emulsions, and fuel oils. With three manufacturing units across Gujarat, Haryana, and Assam, the company serves clients in India, Nepal, and Bhutan. Certified with ISO 9001:2015, ISO 14001:2015, and OHSAS 45001:2018, the company demonstrates a strong commitment to quality and safety.
IPO Timeline
- Issue Open Date: May 28, 2025
- Issue Close Date: May 30, 2025
- UPI Mandate Deadline: May 30, 2025 (5 PM)
- Allotment Finalization: June 2, 2025
- Refund Initiation: June 3, 2025
- Shares Credited to Demat: June 3, 2025
- Listing Date: June 4, 2025
- Anchor Lock-in Period Ends (50%): July 2, 2025
- Anchor Lock-in Period Ends (Full): August 31, 2025
Price Band
The IPO price band is set between ₹115 and ₹122 per equity share.
Lot Size
- Lot Size: 1,000 shares
- Minimum Investment: ₹122,000
Key Dates
- IPO Opening: May 28, 2025
- IPO Closing: May 30, 2025
- Allotment: June 2, 2025
- Listing: June 4, 2025
Financials
- FY 2022 Revenue: ₹82.16 crore | PAT: ₹0.68 crore
- FY 2023 Revenue: ₹709.31 crore | PAT: ₹10.39 crore
- FY 2024 Revenue: ₹675.97 crore | PAT: ₹20.82 crore
- Reserves & Surplus (FY 2024): ₹31.89 crore
Strengths
- Diverse bitumen product portfolio
- Strategic locations in three states
- Certified for quality, environment, and safety
- Led by experienced industry veterans
Risks
- Fluctuating crude oil prices
- Seasonal impact from construction industry
- Customer concentration risks
- Compliance with environmental regulations
IPO Anchor Investors Details
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investors | 17,09,000 | 28.48% |
| Non-Institutional Investors | 8,55,000 | 14.25% |
| Qualified Institutional Buyers (QIBs) | 11,40,000 | 19.00% |
| Retail Individual Investors (RIIs) | 19,95,000 | 33.25% |
| Market Makers | 3,01,000 | 5.02% |
| Total | 60,00,000 | 100% |
IPO Promoter Holding Details
| Shareholder Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Mr. Pareshkumar Subodhchandra Shah | 40.00% | 29.50% |
| Mrs. Riddhi Pareshkumar Shah | 30.00% | 22.13% |
| Mr. Sanjaykumar Subodhchandra Shah | 20.00% | 14.75% |
| Others | 10.00% | 7.38% |
| Total | 100.00% | 73.76% |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| May 25, 2025 | 15 | 137 |
| May 24, 2025 | 12 | 134 |
| May 23, 2025 | 10 | 132 |
| May 22, 2025 | 8 | 130 |
| May 21, 2025 | 5 | 127 |
Final Thoughts
Neptune Petrochemicals Ltd’s IPO presents a promising opportunity for investors looking to participate in India’s infrastructure and road construction growth. Its consistent financial growth, strategic operations, and certified standards add to investor confidence. However, one should also consider risks like fluctuating oil prices and regulatory pressures. Conducting thorough research and consulting financial experts is highly recommended before investing.