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Neptune Petrochemicals Limited, a company specialising in the manufacturing and trading of petroleum-based products, is set to launch its Initial Public Offering (IPO) on May 28, 2025. This SME IPO will be available for subscription until May 30, 2025, through the NSE SME platform, giving investors an opportunity to participate in the company’s growth story.
The company aims to raise around ₹73.20 crores by issuing 60 lakh fresh equity shares. The price band for the shares is fixed between ₹115 and ₹122 each. Investors can apply in lots of 1,000 shares, which means the minimum investment will range from approximately ₹1,15,000 to ₹1,22,000 depending on the final price within the band. Following the subscription period, the allotment process is expected to conclude by June 2, 2025, with shares credited to investors’ demat accounts shortly after. The shares are anticipated to be listed on the NSE SME platform by June 4, 2025.
The IPO is being managed by Beeline Capital Advisors Pvt Ltd, while Link Intime India Pvt Ltd is appointed as the registrar for the issue.
Founded in October 2021, Neptune Petrochemicals operates in the bitumen and petroleum product sector. The company manufactures and trades various bitumen products including polymer-modified and crumb-rubber-modified bitumen, which are widely used in road construction and infrastructure projects. It runs three manufacturing plants in Ahmedabad, Panipat and Kamrup.
Neptune Petrochemicals serves a diverse clientele including industrial users and resellers, and also exports its products to neighboring countries such as Nepal and Bhutan. The company maintains certifications like ISO and OHSAS 2018, reflecting its commitment to quality and safety standards.
Neptune Petrochemicals' IPO offers investors a chance to participate in a growing SME company in the bitumen products sector. Potential investors should review all official documents and consult financial advisors before investing.
Disclaimer
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
Moneycontrol: https://www.moneycontrol.com/news/business/ipo/bitumen-products-maker-neptune-petrochemicals-ipo-to-open-on-may-28-13044038.html
Groww: https://groww.in/ipo/neptune-petrochemicals-ipo
IPO Central: https://ipocentral.in/neptune-petrochemicals-ipo-gmp-review-price
Chittorgarh: https://www.chittorgarh.com/ipo/neptune-petrochemicals-ipo/2264/
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Posted on 05 Jun
Geetanjali Lachke
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