Renol Polychem made a flat debut on NSE SME on August 7, opening at ₹105 amid weak market sentiment. The IPO bidding ran from July 31 to August 4, with allotment finalized on August 5, 2025.
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Renol Polychem IPO details
Renol Polychem IPO saw an overall subscription of 6.83 times. Retail investors subscribed 6.51 times, NIIs booked 6.89 times, and QIBs subscribed 8.41 times, reflecting strong demand across all investor categories during the bidding period.
About Renol Polychem Ltd
Renol Polychem Ltd., incorporated in 2008, manufactures and supplies colour masterbatches, filler masterbatches, additives, pigments, and polymer compounds for plastic products, serving industries like UPVC, CPVC, extrusion, and film applications with a diverse range of custom formulations.
Renol Polychem IPO objective
The objective of Renol Polychem IPO is to raise ₹25.77 crores through a fresh issue of 24.54 lakh shares to fund working capital requirements, business expansion, and general corporate purposes.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
FAQs
Q: At what price did Renol Polychem list on the exchange?
A: Renol Polychem listed at ₹105 per share on the NSE SME, debuting flat in comparison to its IPO issue price.
Q: How much was Renol Polychem IPO subscribed?
A: The IPO was subscribed 6.83 times overall, with 6.51 times in the retail category, 6.89 times in the NII segment, and 8.41 times in the QIB segment.
Q: What is the objective of Renol Polychem IPO?
A: The IPO, amounting to ₹25.77 crores, aims to fund working capital needs, capital expenditure for expansion, general corporate purposes, and public issue expenses.
