Neptune Petrochemicals IPO Allotment Status

Neptune Petrochemicals Limited, incorporated in October 2021, is a manufacturer and trader of bitumen products and emulsions. The Neptune Petrochemicals IPO comes with a total issue size of ₹73.20 crore, comprising entirely a fresh issue of 60.00 lakh shares. The IPO opened on May 28, 2025, and closed on May 30, 2025. The allotment date for the Neptune Petrochemicals IPO is expected to be finalized on Monday, June 2, 2025.

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Steps to Check Neptune Petrochemicals IPO Allotment Status on Registrar Site

• Visit MUFG Intime India Private Ltd website
• Select "Neptune Petrochemicals IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Neptune Petrochemicals IPO Allotment Status on NSE SME

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Neptune Petrochemicals IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Neptune Petrochemicals IPO Subscription Status

Neptune Petrochemicals IPO received strong investor interest, being subscribed 4.11 times overall. Here is a category-wise breakdown of the subscription as of 5:20:00 PM on May 30, 2025:

• Qualified Institutional Buyers (QIB): 7.12 times
• Non-Institutional Investors (NII): 2.91 times
• Market Maker: 40.58 times

Utilization of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Plant and Machinery Expansion: Capital expenditure towards installation of additional plant and machinery and related infrastructure
• Office Space Purchase: Capital expenditure for purchase of office space
• Working Capital: Funding the working capital requirements of the Company
• General Corporate Purposes: Supporting various business initiatives

Business Overview

The company's product portfolio encompasses various grades of bitumen, including polymer-modified bitumen and crumb-rubber-modified bitumen, serving diverse industries particularly construction and industrial applications. Neptune Petrochemicals markets its products under its own brand name and serves customers across construction, roads, and various industrial sectors. The company operates three manufacturing units - Unit I in Ahmedabad, Gujarat, Unit II in Panipat, Haryana, and Unit III in Kamrup, Assam.

Neptune also trades bitumen and fuel oils, sourcing from reputable suppliers to ensure quality and meet customer needs. The company exports its products to Nepal and Bhutan while serving the domestic Indian market, with a workforce of 59 employees as of December 31, 2024. The company holds ISO certifications in Quality Management, Environmental Management, and Occupational Health & Safety, ensuring adherence to global standards in producing high-quality, innovative products.