Renol Polychem Limited IPO

Renol Polychem Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹100 - ₹105

Total Issue

₹25.77 Cr

Bid Dates

31 Jul - 04 Aug

Subscription

6.92x

Est. GMP

₹3 (2.86%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Renol Polychem IPO
Category Lots Shares Amount
Individual (Min) 2 4,800 ₹5,04,000
Individual (Max) 2 4,800 ₹5,04,000
S-HNI (Min) 3 7,200 ₹7,56,000
S-HNI (Max) 3 7,200 ₹7,56,000
B-HNI (Min) 4 9,600 ₹10,08,000
Market Maker
1,48,800 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹25.77 Cr
Fresh Issue
₹25.77 Cr (0.25 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹3
Est. Price ₹108
Est. Gain 2.86%

Renol Polychem IPO Peer Comparison

(Rs. in crores)

Renol Polychem IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Renol Polychem IPO
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

KPIs

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

Shareholding

Promoter

99.99%

Public

0.01%

Bhaveshbhai Harsoda 74.57%
Naitik Harsoda 25.42%

Management

Bhaveshbhai Harsoda MD
Ekta Tank CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

Corporate Makers Corporate Makers

Subscription Status

Updated as on 04-Aug-2025 19:00:22 hrs

Category Sub (x) Offered Bids
QIB 8.41x 2,56,800 21,60,000
NII 6.89x 3,49,200 24,04,800
bHNI 7.21x 2,32,800 16,77,600
sHNI 6.25x 1,16,400 7,27,200
Individual Investor 6.52x 13,15,200 85,72,800
Total 6.84x 19,21,200 1,31,37,600

Frequently Asked Questions

What is Renol Polychem IPO?
Renol Polychem IPO is a SME IPO having an issue size of ₹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.
When will Renol Polychem IPO open?
Renol Polychem IPO opens on 31 Jul 25 and closes on 04 Aug 25.
What is the GMP of Renol Polychem IPO?
The estimated Grey Market Premium of Renol Polychem IPO is ₹3 per share (2.86%).
What is the lot size of Renol Polychem IPO?
The minimum lot size of Renol Polychem IPO is 2400 shares & the minimum application amount is Rs. 252000.
When is the allotment of Renol Polychem IPO?
The allotment date of Renol Polychem IPO is 05 Aug 25.
What is the listing date of Renol Polychem IPO?
The listing date of Renol Polychem IPO is 07 Aug 25.
What is the subscription of Renol Polychem IPO?
Renol Polychem IPO is subscribed 6.92 times.
What is the price band of Renol Polychem IPO?
Renol Polychem IPO is priced at ₹100 - ₹105 per share.
How to check allotment status of Renol Polychem IPO?
Click the allotment link on Renol Polychem IPO page of IPO360.
How to apply Renol Polychem IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Renol Polychem IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Renol Polychem IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Renol Polychem IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date