Neptune Petrochemicals came to market through an SME IPO that opened on 28 May 2025 and closed on 30 May 2025, and the shares listed on 4 June 2025 on NSE SME. The price band was ₹115 to ₹122 per share and one lot was 1000 shares, so the minimum application was ₹1,22,000. The issue size was ₹73.2 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Incorporated in October 2021, Neptune Petrochemicals Limited produces and deals in a variety of bitumen products and emulsions.The product range of the company includes different grades of bitumen such as polymer-modified bitumen and crumb-rubber-modified bitumen.
The company caters to various industries, specifically construction and industrial uses.The company has three production units, Unit I is located in Ahmedabad, Gujarat, Unit II at Panipat, Haryana, and Unit III at Kamrup, Assam.The company also deals in bitumen and fuel oils, procuring them from reliable sources to maintain quality and serve the needs of the customer.
The company is certified in 2015 for Quality Management (ISO), Environmental Management (ISO), and Occupational Health & Safety (OHSAS 2018).Neptune abides by international standards and adheres to crucial steps in making quality, innovative product operations.The company has its products exported to Nepal and Bhutan, and it retails in India. As of 31st December, 2024, the Company had 59 persons on its payroll.
As described in the offer document.
Mr. Pareshkumar Subodhchandra Shah, Mrs. Riddhi Pareshkumar Shah, Mr. Sanjaykumar Subodhchandra Shah.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Neptune Petrochemicals IPO was a ₹73.2 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹115–₹122 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,44,000). The IPO was open from May 28 to May 30, 2025. Shares listed on NSE SME on June 4, 2025 at ₹132.75, a 8.8% premium to the issue price of ₹122. Link Intime India Private Ltd is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Neptune Petrochemicals IPO is ₹115 to ₹122 per share.
The lot size of Neptune Petrochemicals IPO is 1000 shares.
The minimum investment for Neptune Petrochemicals IPO is approximately ₹1,22,000 based on the upper price band.
The allotment date of Neptune Petrochemicals IPO is Jun 2, 2025.
You can check Neptune Petrochemicals IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Neptune Petrochemicals IPO allotment status on Rupix for quick and easy access.
₹115 to ₹122 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,22,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,22,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 28 May 2025 and closed on 30 May 2025.
The basis of allotment was published on 2 June 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 4 June 2025 on NSE SME.
The issue size was ₹73.2 crore. The fresh issue was 60,00,000 shares (aggregating up to ₹73.2 crore).