Neptune Petrochemicals Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹122
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,22,000
Issue Size
₹73.2 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Neptune Petrochemicals Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.3%
Promoter Holding (Post-Issue)
69.33%
Issue Type
Book Building - SME
ISIN
INE156901014
About the Company
Our company, is engaged in the business of production, manufacturing, and trading of a comprehensive range of bitumen products, bitumen emulsions and allied materials. With a diverse product portfolio that includes various grades of bitumen, modified bitumen like Polymer Modified Bitumen, Crumb Rubber based modified bitumen and oils, it serves a broad range of industries, particularly the construction and industrial applications. By utilizing manufacturing techniques and staying ahead of market trends, we offer a broad range of products tailored to the needs of the road construction and infrastructure industries.
Industry Overview
The global bitumen market is set to reach USD 135.10 billion by 2030, with a 3.49% annual growth rate from 2022. This expansion is driven by rising applications in road construction, waterproofing, insulation, and adhesives. The growth is particularly pronounced in rapidly urbanizing emerging markets. Our Company is well-positioned to benefit from these trends. Our premium bitumen products meet the increasing demand driven by infrastructure projects. Leveraging advanced manufacturing and a focus on quality, we support both domestic and international infrastructure development.
Company History
Our Company was originally formed as Partnership Firm under the Indian Partnership Act, 1932 ("Partnership Act") in the name and style of "Neptune Tradelink" pursuant to a Deed of Partnership dated April 03, 2021. "Neptune Tradelink" was thereafter converted from a Partnership firm to a Private Limited Company in the name and Style of "Neptune Petrochemicals Private Limited" under the provisions of Companies Act, 2013 vide certificate of incorporation dated October 21, 2021 issued by Registrar of Companies, Central Registration Centre bearing Corporate Identification Number (CIN) U24299GJ2021PTC126567. Subsequently, our Company was converted into a Public Limited Company and the name of our Company was changed from "Neptune Petrochemicals Private Limited" to "Neptune Petrochemicals Limited" vide fresh Certificate of Incorporation dated July 16, 2024 issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged in the business of production, manufacturing, and trading of a comprehensive range of bitumen products, bitumen emulsions and allied materials.
Growth Strategy
- Process Optimization.
- Testing Protocols.
- Expansion and Upgradation of Our Manufacturing Facilities.
- Continue to Focus on Operational Efficiencies and Improving Productivity
- Strengthen Relationships with Existing Customers and Expand Customer Base
- Having Manufacturing Units near to the Demand Markets.
Customer Base
wholesaler and retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 60,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Neptune Petrochemicals Limited ("NPL" or the "Company" or the "Issuer") for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share (the "Issue Price"), Aggregating to Rs.73.20 crores ("the Issue"), of which 3,00,000 equity shares of Rs. 10/- each for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share aggregating to Rs.3.66 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 57,00,000 equity shares of Rs. 10/- each including a share premium of Rs. 112/- per equity share aggregating to Rs. 69.54 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.49% and 25.16%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse Product Portfolio.
- Industry Experience.
- Focused Market Segmentation.
- Effective Production Planning.
- Ability to Serve Peak Demand.
- Dependence on international suppliers for raw bitumen and petroleum oils could lead to supply disruptions due to geopolitical issues, trade restrictions, or logistical challenges which may affect operational performance and financial condition.
- Majority of its revenue comes from trading of bitumen and allied products, which exposes it to price fluctuations and supply chain disruptions, which can affect profitability and financial stability.
- If the company fails to acquire new consumers or fail to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
- The company's business is subject to seasonal fluctuations, particularly during the monsoon season. The primary risk associated with this period is a potential slowdown in road construction and other construction activities, which directly impacts the demand for bitumen products.
- Significant changes in crude oil prices can substantially affect bitumen costs, as bitumen is a byproduct of crude oil refining, leading to increased volatility in pricing and profitability.