Renol Polychem IPO
IPO Listing Details
- Listing Date
07 Aug 2025
- Listing Price
₹ 105.00
- Listing Change
0.00%
- Last Traded Price
₹ 145.00
Renol Polychem IPO Details
-
Open Date
31 Jul 2025
-
Close Date
04 Aug 2025
-
Listing Date
07 Aug 2025
- IPO Price Range
₹ 100 to ₹105
- IPO Size
₹ 24.20 Cr
- Listing Exchange
NSE SME
Renol Polychem IPO Timeline
Renol Polychem IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 31-Jul-25 | 0.00 | 0.06 | 0.27 | 0.15 |
| 01-Aug-25 | 0.74 | 2.99 | 1.96 | 1.98 |
| 04-Aug-25 | 8.41 | 6.89 | 6.51 | 6.83 |
Last Updated: 04 August 2025 6:49 PM by 5paisa
Founded in 2008, Renol Polychem Ltd. is engaged in manufacturing and supplying a diverse range of masterbatches, additives, and industrial chemicals used in plastics production. Its core offerings include colour masterbatches, transparent filler masterbatches, additive masterbatches, and polymer compounds. These are widely applied across industries such as packaging, automotive, electricals, consumer goods, and agriculture. The company operates with a focused product line catering to UPVC/CPVC pipe manufacturers, film processors, and moulding businesses. As of 30 September 2024, Renol Polychem employed 15 professionals across departments.
Established in: 2008
Promoters: Mr. Bhaveshbhai Mansukhbhai Harsoda
Peers:
Multibase India
Captain Polyplast
R M Drip and Sprinkler Systems
Renol Polychem Objectives
The IPO proceeds will be utilised towards:
1. Capital expenditure for acquiring new machinery to drive growth.
2. Repayment of specific borrowings to strengthen financial stability.
3. Funding incremental working capital to support day-to-day operations.
4. Allocating funds for general corporate purposes and expansion plans.
Renol Polychem IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹24.20 Cr |
| Offer For Sale | NIL |
| Fresh Issue | ₹24.20 Cr |
Renol Polychem IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,40,000 |
| Retail (Max) | 2 | 2,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,60,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,40,000 |
| B-HNI (Min) | 8 | 9,600 | ₹9,60,000 |
Renol Polychem IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 8.41 | 2,56,800 | 21,60,000 | 22.68 |
| NII (HNI) | 6.89 | 3,49,200 | 24,04,800 | 25.25 |
| Individual Investors (IND category bidding for 2 Lots) | 6.51 | 13,15,200 | 85,60,800 | 89.89 |
| Total** | 6.83 | 19,21,200 | 1,31,25,600 | 137.82 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 41.86 | 6.52 | 62.56 |
| EBITDA | 1.14 | 2.18 | 7.07 |
| PAT | 0.73 | 1.53 | 5.00 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 10.28 | 15.49 | 23.41 |
| Share Capital | 5.49 | 5.49 | 5.49 |
| Total Borrowings | 5.36 | 2.58 | 6.95 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -1.11 | 1.20 | -1.25 |
| Net Cash Generated From / (used in) investing activities | 0.02 | 0.00 | -0.40 |
| Net Cash Generated From / (used in) financing activities | 1.15 | -0.30 | 3.60 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.06 | 0.90 | 1.95 |
Strengths
1. Over 850% revenue growth in FY25 with PAT up by 226%
2. Strong leadership with rich management experience
3. Diverse product portfolio catering to multiple plastic applications
4. Trusted supplier relationships and efficient manufacturing capabilities
Weaknesses
1. A limited employee base may constrain rapid expansion
2. High dependency on the plastic packaging and pipe industries
3. Past fluctuations in cash flows and borrowings
4. Operational scalability risk due to machinery and labour reliance
Opportunities
1. Rising demand for advanced masterbatches in the packaging & auto sectors
2. Product customisation potential for niche applications
3. Import substitution opportunities in filler and additive segments
4. Further expansion into textile, electronics, and agri-films
Threats
1. Volatility in raw material prices could pressure margins
2. Stiff competition from global and domestic pigment suppliers
3. Regulatory shifts on plastic use and recycling norms
4. Dependency on a small client base may pose revenue risks
1. Impressive FY25 performance, Revenue and profit surged exponentially
2. Strong fundamentals backed by consistent EBITDA and PAT margins
3. Well-diversified product range serving high-demand sectors
4. Strategic capital allocation for machinery and working capital
5. Promoters with deep industry experience and stable operations
1. The polymer and masterbatch market in India is expanding rapidly due to increased demand from the packaging, automotive, consumer electronics, and infrastructure sectors.
2. Growth in flexible packaging, EV component manufacturing, and export opportunities positions Renol Polychem favourably.
3. Demand for customised colour and additive solutions is expected to drive further growth in the masterbatch industry.
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FAQs
The Renol Polychem IPO opens on July 31, 2025 and closes on August 4, 2025.
The total issue size of Renol Polychem IPO is ₹24.20 crore, fully composed of a fresh issue of 3.05 lakh shares.
The price band of Renol Polychem IPO is ₹100 to ₹105 per share.
Log in to your 5paisa account, select the Renol Polychem IPO, enter the lot size and bid price, provide your UPI ID, and approve the mandate.
The minimum investment for Renol Polychem IPO is 2,400 shares (2 lots), amounting to ₹2,40,000.
Renol Polychem IPO is likely to list on NSE SME on August 7, 2025.
The allotment date of Renol Polychem IPO is tentatively set for August 5, 2025.
Corporate Makers Capital Ltd. is the book-running lead manager for Renol Polychem IPO.
The Renol Polychem IPO will utilise IPO proceeds towards:
- Capital expenditure for acquiring new machinery to drive growth.
- Repayment of specific borrowings to strengthen financial stability.
- Funding incremental working capital to support day-to-day operations.
- Allocating funds for general corporate purposes and expansion plans.
Renol Polychem Contact Details
307, Sanskar Heights NR RA
Circle 150 FT Ring RD,
Mavdi,
Rajkot, Gujarat, 360004
Phone: +91- 9723780726
Email: compliance@renolpolychem.com
Website: https://www.renolpolychem.com/
Renol Polychem IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Renol Polychem IPO Lead Manager
Corporate Makers Capital Ltd.