Renol Polychem came to market through an SME IPO that opened on 31 July 2025 and closed on 4 August 2025, and the shares listed on 7 August 2025 on NSE SME. The price band was ₹100 to ₹105 per share and one lot was 1200 shares, so the minimum application was ₹1,26,000. The issue size was ₹25.77 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Corporate Makers Capital Ltd was the lead manager.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Established in 2008, Renol Polychem Limited is a color masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, and so on, manufacturer and supplier. Their offerings include green, red, yellow, orange, pink, blue, brown, violet, ivory, white, maroon, silver, multicolor, and black color masterbatches, as well as transparent plastic filler masterbatches.The firm provides one-stop additives, such as stabilisers, impact modifiers, and colour pigments, to aid manufacturers of UPVC, CPVC pipes, pipe fittings, and other plastic commodities.
Renol Polychem Limited provides an extensive range of masterbatches and polymer solutions, such as: Colour Masterbatches Green, Red, Yellow, Orange, Pink, Blue, Brown, Violet, Ivory, White, Maroon, Silver, Multicolor, and Black Masterbatches. Custom-designed masterbaches for plastic moulding, extrusion, and film applications. Filler Masterbatches Transparent Plastic Filler Masterbatches Talc and calcium carbonate-based filler masterbatches to enhance cost-effectiveness and mechanical strength in plastic manufacturing. Additive Masterbatches UV Stabilizers Antioxidants Slip & Anti-block Agents Processing Aids Flame Retardants.
Polymer Compounds & Pigments High-performance pigments for plastics Polymer modifiers to give strength, flexibility, and endurance.The products of the company are utilized in plastic packaging (flexible and rigid), Automotive Components, Household & Consumer Goods, Electrical & Electronics, Textiles & Fibers and Agricultural Films & Pipes. As of September 30, 2024, the company employed 15 workers across different departments.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Mr. Bhaveshbhai Mansukhbhai Harsoda, Mr. Naitik Bhaveshbhai Harshoda. Promoter holding 99.99% before the issue and 69.11% after.
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.
Renol Polychem IPO was a ₹25.77 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹100–₹105 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,52,000). The IPO was open from July 31 to August 4, 2025. Shares listed on NSE SME on August 7, 2025 at ₹105, in line with the issue price of ₹105. Skyline Financial Services Private Ltd is the registrar.
Corporate Makers Capital Ltd is the book running lead manager.
The price band of Renol Polychem IPO is ₹100 to ₹105 per share.
The lot size of Renol Polychem IPO is 1200 shares.
The minimum investment for Renol Polychem IPO is approximately ₹2,52,000 based on the upper price band.
The allotment date of Renol Polychem IPO is Aug 5, 2025.
You can check Renol Polychem IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Renol Polychem IPO allotment status on Rupix for quick and easy access.
₹100 to ₹105 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 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 1200 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 31 July 2025 and closed on 4 August 2025.
The basis of allotment was published on 5 August 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 August 2025 on NSE SME.
The issue size was ₹25.77 crore. The fresh issue was 24,54,000 shares (aggregating up to ₹25.77 crore).