Listed

Neptune Petrochemicals Limited IPO

Neptune Petrochemicals Limited is an Ahmedabad-based company engaged in the trading and distribution of petrochemical products. Established with a focus on industrial chemicals, the company offers a range of products including base oils, lubricants, and other chemical intermediates used in sectors such as paints, adhesives, and manufacturing. Over the years, Neptune has built a reliable distribution network and maintained strong business relationships with clients across India. The company is now looking to raise capital through its SME IPO to expand its operations, invest in infrastructure, and strengthen its working capital position.

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Min Investment

₹1,22,000

Lot Size

1,000 Shares

Price Range

₹115.0-122.0

Issue Size (₹ Cr.)

₹73.20

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 0.0

Subscription

4.11x

EPS

₹ 13.87

P/E Ratio

8.80 x

RoNW

65.25%

ROE

65.00%

Debt to Equity (₹ Cr.)

0.0

Timeline

IPO Opened28/05/2025Wednesday

IPO Closed30/05/2025Friday

Allotted02/06/2025Monday

Refunded03/06/2025Tuesday

Listed04/06/2025Wednesday

Strengths

Established Industry Presence: Operates with over a decade of experience in the petrochemical sector, serving diverse industrial clients.
Strong Distribution Network: Maintains a robust supply chain with a wide geographic footprint across India.
Diverse Product Portfolio: Offers a variety of petrochemical products catering to multiple industries like paints, adhesives, and lubricants.
Steady Financial Growth: Shows consistent revenue growth with improving profit margins over recent years.
Experienced Management Team: Led by professionals with strong industry knowledge and strategic vision.

Weaknesses

Reliance on External Transport: The company depends entirely on third-party logistics, which could impact delivery schedules if disruptions occur.
High Working Capital Needs: Significant funds are tied up in receivables and inventory, which could pressure liquidity during market slowdowns.
Regulatory Dependence: Operations rely on multiple licenses and approvals, and any delay in renewals may affect business continuity.
Raw Material Cost Fluctuations: Price changes in key inputs can impact profitability, especially in the absence of long-term supply contracts.
Limited Pricing Flexibility: Competitive market conditions may restrict the company’s ability to fully pass on rising costs to customers.