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Neptune Petrochemicals IPO
Price Band
₹115.0–122.0
Issue Size
₹73.2 Cr
Lot Size
1,000 shares
Min Investment
₹244,000
2 LOTS MIN
GMP
—
Issue Price
₹122.0
Neptune Petrochemicals IPO AI Summary
- Neptune Petrochemicals IPO is listed on NSE SME in the Petrochemicals sector.
- Price band: ₹115.0–₹122.0 per share, lot size 1,000 shares (min. investment ₹244,000, 2 lots minimum).
- Subscription window: 28 May–30 May 2025, listing on 04 Jun 2025.
Neptune Petrochemicals Limited, focused on manufacturing bitumen products, is entering the market with a range of offerings tailored for construction and industrial applications. The company has shown significant revenue growth since its inception, although recent figures indicate a decline in total income. Investors should consider the company's strengths and market position, while being aware of potential risks associated with IPO investments.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Neptune Petrochemicals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Neptune Petrochemicals IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in October 2021, Neptune Petrochemicals Limited manufactures and trades a range of bitumen products and emulsions. The company's product portfolio encompasses various grades of bitumen, including polymer-modified bitumen and crumb-rubber-modified bitumen. The company serves diverse industries, particularly construction and industrial applications. The company has three manufacturing units, Unit I is situated in Ahmedabad, Gujarat, Unit II in Panipat, Haryana,and Unit III in Kamrup, Assam. The company also trades bitumen and fuel oils, sourcing from reputable suppliers to ensure quality and meet customer needs. The company holds 2015 certifications in Quality Management (ISO), Environmental Management (ISO), and Occupational Health & Safety (OHSAS 2018). Neptune meets global standards and follows essential procedures to produce high-quality, innovative product operations. The company exports its products to Nepal and Bhutan, and it sells in India. As of December 31, 2024 the Company had 59 employees on its payroll. Competitive Strength: Products tailored for construction, roads, and various industries. The company understands market trends, customer needs, and regulations. Focused Market Segmentation. Effective Production Planning. Ability to Serve Peak Demand. Quality products ensure customer satisfaction and foster long-term relationships.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 117.00 | 120.95 | 107.88 | 97.51 |
| Total Income | 620.16 | 675.97 | 709.31 | 82.16 |
| Profit After Tax | 19.47 | 20.82 | 10.39 | 0.68 |
| NET Worth | 61.23 | 31.90 | 11.08 | 0.69 |
| Reserves and Surplus | 44.57 | 31.89 | 11.07 | 0.68 |
| Total Borrowing | 0.16 | 5.12 |
Key Ratios
EPS
₹13.87
NAV
₹19.16
ROE
65.00%
ROCE
65.00%
RoNW
65.25%
P/B Value
6.37
P/E Ratio
8.79
Market Cap
₹276.37 Cr
PAT Margin
3.12%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Nexxus Petro Industries Ltd | 12.42 | 40.36% | 22.94 | 8.99 | 8.99 |
| Agarwal Industrial Corporation Ltd. | 341.64 | 21.37% | 13.85 | 73.02 | 73.02 |
| Neptune Petrochemicals Limited This IPO | 19.16 | 65.25% | — | 13.87 | 13.87 |
Promoters
Pareshkumar Subodhchandra Shah, Riddhi Pareshkumar Shah and Sanjaykumar Subodhchandra Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure 5.15 2 Funding the capital expenditure for purchase of office space 14.75 3 Funding working capital requirements of the Company 42.00 4 General Corporate Expenses 9.40 5 Issue Expenses 1.90 Total 73.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹82.16 Cr in the period ending 31 Mar 2022, increasing to ₹709.31 Cr by 31 Mar 2023. However, it declined to ₹675.97 Cr for the period ending 31 Mar 2024, and further decreased to ₹620.16 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.68 Cr in the period ending 31 Mar 2022, rising to ₹10.39 Cr by 31 Mar 2023. It then increased to ₹20.82 Cr for the period ending 31 Mar 2024, before slightly declining to ₹19.47 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Neptune Petrochemicals is priced at a P/E ratio of 8.79 at the issue price, compared to peers trading at P/E ratios ranging from 13.85 to 22.94.
Grey Market Premium, Explained
The grey market refers to the unofficial market where shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and overall investment strategy.
Who May Want to Wait
Investors who are risk-averse or looking for stable returns may want to avoid this IPO, as it involves inherent market risks and potential volatility.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by various factors including market conditions, investor sentiment, and overall demand for the stock. Investors should be aware that past performance does not guarantee future results, and there is always a risk of loss.
This evaluation is generated from Neptune Petrochemicals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Neptune Petrochemicals IPO?
The price band of Neptune Petrochemicals IPO is ₹115.0–₹122.0 per share.
When does Neptune Petrochemicals IPO open and close?
Neptune Petrochemicals IPO opens on 28 May 2025 and closes on 30 May 2025.
When does Neptune Petrochemicals IPO list on the stock exchange?
Neptune Petrochemicals IPO listed on 04 June 2025 at ₹122.0.
What is the lot size for Neptune Petrochemicals IPO?
The lot size for Neptune Petrochemicals IPO is 1000 shares, requiring a minimum investment of ₹244,000 (2 lots).
What is the lot size for this IPO?
The lot size for Neptune Petrochemicals' IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹2,44,000.
What is the price band for the IPO?
The price band for the IPO is between ₹115.0 and ₹122.0.
When is the listing date?
The listing date for the IPO is June 4, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 May 2025
Close
30 May 2025
Allotment
02 Jun 2025
Listing
04 Jun 2025
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