Renol Polychem Limited IPO
Renol Polychem Limited produces color masterbatches, pigments, filler granules, anti-moisture powder, carbon noodles, superpack & onepack, impact modifiers, processing aids, and titanium dioxide under the brand “RENOL.” It specializes in customized solutions, including all-in-one additives with stabilizers, pigments, and modifiers for UPVC/CPVC pipes, fittings, and plastic products. Operating on a B2B model, the company serves manufacturers by providing essential raw materials for plastic processing and product development.
Price Band₹100 - ₹105 |
Dates31 Jul - 04 Aug |
GMP₹3 (2.86%) |
Subscriptions6.92 times |
Issue Size₹25.77 Crs |
Renol Polychem IPO Key Dates
Opening Date
31 Jul 25
Closing Date
04 Aug 25
Basis Of Allotment
05 Aug 25
Initiations Of Refund
06 Aug 25
Credit Of Shares
06 Aug 25
Listing Date
07 Aug 25
Renol Polychem IPO Objects
- To meet out the Capex in requirements for the purchase of Machinery
- Repayment of certain borrowings
- To meet out the Working Capital Requirements
- To meet out the General Corporate Purposes
Renol Polychem IPO Details
Price Band₹100 - ₹105 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹25.77 Cr (0.25 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹25.77 Cr (0.25 Cr Shares) |
Face Value₹10 per equity share |
Renol Polychem IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
4,800
5,04,000
Maximum
2
4,800
5,04,000
|
|||
| Small HNI |
Minimum
3
7,200
7,56,000
Maximum
3
7,200
7,56,000
|
|||
| Big HNI |
Minimum
4
9,600
10,08,000
|
|||
Renol Polychem IPO Subscription
Updated as on 04-Aug-2025 19:00:22 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 8.41 | 2,56,800 | 21,60,000 |
| NII | 7.31 | 3,49,200 | 25,53,600 |
| bNII | - | 0 | 18,26,400 |
| sNII | - | 0 | 7,27,200 |
| Individual Investor | 6.52 | 13,15,200 | 85,72,800 |
| Total | 6.92 | 19,21,200 | 1,32,86,400 |
Renol Polychem IPO GMP
The estimated Grey Market Premium of Renol Polychem IPO is ₹3 per share (2.86%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 27.80% of Net Offer |
| NII | Not less than 15.15% of Net Offer |
| Retail | Not less than 57.05% of Net Offer |
| Market Maker | 1,48,800 EQ Shares |
Renol Polychem IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 62.30 | 6.45 | 41.67 |
| Profit after Tax | 5.00 | 1.53 | 0.73 |
| Net Worth | 13.33 | 8.69 | 2.71 |
| Total Borrowing | 6.95 | 2.58 | 5.36 |
| Total Assets | 23.41 | 15.49 | 10.28 |
| NAV per share (in ₹) | 24.28 | 15.83 | 10.00 |
| EPS - Basic (in ₹) | 9.10 | 2.79 | 1.00 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 11.36% |
| PAT | 8.02% |
| ROE | 45.37% |
| ROCE | 64.18% |
| PE Ratio | 11.54 |
| PB Ratio | 4.32 |
| Mkt Cap (in Crs.) | 83.41 |
- All Ratios are based on Mar 25
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band
Renol Polychem IPO Peer Comparision
| Particulars | Renol Polychem | Multibase India | Captain Polyplast | R M Drip and Sprinklers Systems |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 62.30 | 70.75 | 286.84 | 130.34 |
| PAT (In Crs.) | 5.00 | 14.65 | 30.38 | 23.93 |
| EPS - Basic | 9.10 | 11.61 | 5.28 | 9.58 |
| NAV per share | 24.28 | 62.21 | 25.50 | 32.00 |
| RONW | 45.37% | 13.76% | 25.40% | 41.45% |
| EBITDA | 11.36% | 20.87% | 16.66% | 27.39% |
| PAT Margin | 8.02% | 20.71% | 10.59% | 18.36% |
| Price to earning (PE) | 11.54 | 23.85 | 15.07 | 63.69 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 23, 2025 for Peers
Renol Polychem IPO Peer Comparision
| Particulars | Renol Polychem |
|---|---|
| Revenue from Ops (in Crs.) | 62.30 |
| PAT (In Crs.) | 5.00 |
| EPS - Basic | 9.10 |
| NAV per share | 24.28 |
| RONW | 45.37% |
| EBITDA | 11.36% |
| PAT Margin | 8.02% |
| Price to earning (PE) | 11.54 |
| Multibase India | Captain Polyplast | R M Drip and Sprinklers Systems |
|---|---|---|
| 70.75 | 286.84 | 130.34 |
| 14.65 | 30.38 | 23.93 |
| 11.61 | 5.28 | 9.58 |
| 62.21 | 25.50 | 32.00 |
| 13.76% | 25.40% | 41.45% |
| 20.87% | 16.66% | 27.39% |
| 20.71% | 10.59% | 18.36% |
| 23.85 | 15.07 | 63.69 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 23, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Bhaveshbhai Harsoda | 74.57% |
| Naitik Harsoda | 25.42% |
| Total | 99.99% |
Management Details
| Name | Designation |
|---|---|
| Bhaveshbhai Harsoda | MD |
| Ekta Tank | CFO |
Company Details
Name: Renol Polychem Limited
Address: 307, Sanskar Heights NR RA, Circle 150 FT Ring Road, Mavdi, Rajkot, Gujarat- 360004
Number: +91- 9723780726
Email: compliance@renolpolychem.com
Website: www.renolpolychem.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Renol Polychem IPO is a SME IPO having an issue size of Rs. ₹25.77 Crs. Renol Polychem IPO is priced at ₹100 - ₹105 per share. The issue opens on 31 Jul 25 and closes on 04 Aug 25.
Renol Polychem IPO opens on 31 Jul 25 and closes on 04 Aug 25.
The estimated Grey Market Premium of Renol Polychem IPO is ₹3 per share (2.86%).
The minimum lot size of Renol Polychem IPO is 2400 shares & the minimum application amount is Rs. 252000.
The allotment date of Renol Polychem IPO is 05 Aug 25.
The listing date of Renol Polychem IPO is 07 Aug 25.
Renol Polychem IPO is subscribed 6.92 times.
Renol Polychem IPO is priced at ₹100 - ₹105 per share.
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