Renol Polychem IPO
Renol Polychem IPO
Overview
Renol Polychem IPO is a bookbuilding of ₹25.77 crores. The issue is entirely a fresh issue of 24.54 lakh shares. Renol Polychem IPO opens for subscription on July 31, 2025 and closes on August 4, 2025. The allotment for the Renol Polychem IPO is expected to be finalized on Tuesday, August 5, 2025. Renol Polychem IPO will be list on NSE SME with a tentative listing date fixed as Thursday, August 7, 2025. Renol Polychem IPO price band is set at ₹100 to ₹105 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000 (2,400 shares). The minimum lot size investment for HNI is 3 lots (3,600 shares) amounting to ₹3,78,000. Corporate Makers Capital Ltd. is the book-running lead manager of the Renol Polychem IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Renol Polychem IPO is Asnani Stock Broker Private Limited.
Total Shares
24,54,000
Issue Size
₹25.77 Cr
Price Band
₹105 – ₹105
Lot Size
1200 shares
Min. Investment
₹2,52,000
Max. Investment
₹2,52,000
Open Date
31 Jul, 2025
Close Date
04 Aug, 2025
Allotment
05 Aug, 2025
Listing
07 Aug, 2025
Max. Investment
₹2,52,000
Announced
31 Jul, 2025
Opening Date
31 Jul, 2025
Closing Date
04 Aug, 2025
Basis of Allotment
05 Aug, 2025
Initiation of Refunds
06 Aug, 2025
Credit of Shares
06 Aug, 2025
Listing Date
07 Aug, 2025
Live GMP
Est. Listing: ₹108
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About Renol Polychem IPO
Incorporated in 2008, Renol Polychem Limited is a manufacturer and supplier specializing in colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, and more.
Their product range includes various color masterbatches such as green, red, yellow, orange, pink, blue, brown, violet, ivory, white, maroon, silver, multicolor, and black, as well as transparent plastic filler masterbatches.
The company offers all-in-one additives, including sta
Renol Polychem IPO Share Price
Issue Breakdown
Shareholding
Dilution: 44.7% increase in shares
Renol Polychem IPO Promoters Holding
Renol Polychem IPO Financial Health
Renol Polychem Ltd.'s revenue increased by 859% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
Renol Polychem IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9600 | ₹10,08,000 |
(All values in CR)
Renol Polychem IPO Valuations
The market capitalization of Renol Polychem IPO is ₹83.41 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 45.37 |
| ROCE | 64.18 |
| Debt/Equity | 0.52 |
| RoNW | 45.37 |
| PAT Margin | 8.02 |
| EBITDA Margin | 11.36 |
| Price to Book Value | 5.32 |
(All values in CR)
Renol Polychem IPO Strength & Risk
Renol Polychem IPO Strength:
Engagement in specialized manufacturing of color masterbatches, pigments, filler granules, impact modifiers, anti-moisture powders, and custom formulations—addressing niche B2B needs in plastics & coatings sectors.
Founded in 2008 (started as a partnership firm), converted to public limited company in mid‑2024, indicating a focused transition geared toward institutionalisation and growth .
Reported revenue ₹58.04 crore and PAT ₹4.38 crore, though early-stage, demonstrates commercial traction.
IPO formalizes professional leadership and independent shareholding, potentially improving governance and raising market visibility.
Renol Polychem IPO Risk:
Micro‑capital scale & early stage: very low asset and earnings base (pre‑issue equity ₹5.49 cr), high risk of business volatility.
Limited growth track record: slow historic growth; comparable micro‑cap chemical peers have seen weak long‑term growth (~5‑8% net sales).
High valuation concern: sector peers flagged as “expensive to very expensive” with P/E 27–28 and P/B 1.8–2.3—even with declining fundamentals.
Liquidity & trading risk: being an SME IPO, listing may see thin trading volumes, limited investor coverage, and higher volatility.
Promoter concentration & related‑party risk: promoters retain significant control; high potential for related-party dealings typical in small SMEs .
Dependency on commodity & customer dynamics: raw materials like pigments and additives may face volatility; limited data on customer concentration or long‑term orders.
Renol Polychem IPO Subscriptions Status
Renol Polychem IPO subscribed 6.83 times. The public issue subscribed 6.51 times in the individual investors category, 8.41 times in QIB, and 6.89 times in the NII category by August 4, 2025 5:24:04 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 3,84,000 | 3,84,000 | 4.03 |
| Market Maker | 1.00 | 1,48,800 | 1,48,800 | 1.56 |
| Qualified Institutions | 8.41 | 2,56,800 | 21,60,000 | 22.68 |
| Non-Institutional Buyers | 6.89 | 3,49,200 | 24,04,800 | 25.25 |
| bNII (bids above ₹10L) | 7.21 | 3,81,600 | 16,77,600 | 17.61 |
| sNII (bids below ₹10L) | 6.25 | 1,16,400 | 7,27,200 | 7.64 |
| Individual Investors (IND category bidding for 2 Lots) | 6.51 | 13,15,200 | 85,60,800 | 89.89 |
| Total | 6.83 | 19,21,200 | 1,31,25,600 | 137.82 |
Renol Polychem IPO GMP
Renol Polychem SME IPO last GMP is ₹3, last updated Aug 4th 2025 04:59 PM. With the price band of 105.00, Renol Polychem SME IPO's estimated listing price is ₹108 (cap price + today's GMP).The expected percentage gain/loss per share is 2.86%. >> Renol Polychem SME IPO Retail Subject to Sauda: ₹2700 The lowest GMP is ₹0.00, while the highest GMP is ₹18.00.
Last updated 04 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 04 Aug, 2025 | 105 | ₹3▼ | 2700 | ₹108 (2.86%) | 3600 | 04 Aug, 2025 |
| 03 Aug, 2025 | 105 | ₹12 | 10900 | ₹117 (11.43%) | 14400 | 03 Aug, 2025 |
| 02 Aug, 2025 | 105 | ₹12 | 10900 | ₹117 (11.43%) | 14400 | 02 Aug, 2025 |
| 01 Aug, 2025 | 102 | ₹12▼ | 10900 | ₹117 (11.43%) | 14400 | 01 Aug, 2025 |
| 31 Jul, 2025 | 105 | ₹18 | 16400 | ₹123 (17.14%) | 21600 | 31 Jul, 2025 |
| 30 Jul, 2025 | 105 | ₹18▲ | 16400 | ₹123 (17.14%) | 21600 | 30 Jul, 2025 |
| 29 Jul, 2025 | 105 | ₹9▲ | 8200 | ₹114 (8.57%) | 10800 | 29 Jul, 2025 |
| 28 Jul, 2025 | 105 | ₹8▲ | 7300 | ₹113 (7.62%) | 9600 | 28 Jul, 2025 |
| 27 Jul, 2025 | 105 | ₹0 | - | - | - | 27 Jul, 2025 |
| 26 Jul, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 26 Jul, 2025 |
| 25 Jul, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 25 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Renol Polychem IPO
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