Non-Institutional Investors (NIIS) made 322 applications for a total of 17.53 lakh shares, while Qualified Institutional Byers (QIBS) applied for 27.76 lakh shares through 4 applications.
The issue will be open till May 30 and the company will pay Rs. 73.20 crore plans to raise. Before opening this issue, there is no GMP in the unlucky market.
Belin Capital Advisors are operating the issue as a lead manager running the book, and MUFG Intime is the Registrar (Link Intim) Registrar.
Neptune petrochemicals IPO price band
The IPO is offering Rs 115 to 122 per share in the band. Shares will be listed on the NSE SME platform with a temporary list date set for June 4.
Retail investors can apply for at least 1000 stocks, which is worth Rs 1,22,000 on a high price band. High-Net-Worth Individuals (HNIS) Rs. Can apply for at least 2,000 stocks with an investment of 2,44,000.
About Neptune petrochemicals
Included in 2021, Neptune petrochemicals are engaged in the production and trade of various grades of bitumen products, including polymer-modified and crumb-rectar-modified bitumen. Company products are widely used in construction and road construction sectors.
It has three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana) and Kamap (Assam). It also exports products to neighboring countries like Nepal and Bhutan.
For the nine months ended December 31, 2024, the company has earned a revenue of Rs 620 crore and Rs 19.47 crore. In the last full year (FY 24), Neptune will get Rs. There was a profit of Rs 20.82 crore on revenue of Rs 675.97 crore. It shows strong growth in the short term and maintains a healthy return to 65 percent equity.
The company plans to buy IP Fissure space, establish new plants and machinery, meet working capital needs, and use IPO’s revenue for general corporate purposes.
Investors will closely look closely at the trends of the next few days, especially because the company is part of the fast -growing infrastructure segment. The focus of its strong financial and specific product is SME. Despite the current cautious spirit in the space, interest can attract.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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