Neptune Petrochemicals IPO allotment to be finalised today: Check status, listing details, and more
The IPO received a decent overall subscription of 4.11 times, with institutional investors showing strong interest.
Synopsis Neptune Petrochemicals' Rs 73.20 crore IPO allotment is expected later today, following a subscription of 4.11 times. The IPO was priced at Rs 122 per share, with listing on NSE SME scheduled for June 4. Proceeds will fund expansion, office space, and working capital, as the company reported a PAT of Rs 19.47 crore. The allotment for Neptune Petrochemicals's Rs 73.20 crore IPO will be out later today. Investors who applied for the SME issue, which opened between May 28 and May 30, can now check their allotment status online. The shares are scheduled to be credited to demat accounts by June 3, and the stock will list on NSE SME on June 4.
ADVERTISEMENT The IPO received a decent overall subscription of 4.11 times, with institutional investors showing strong interest. The QIB category was subscribed 7.12 times, while the NII and retail segments were covered 2.91 times and modestly, respectively.
Visit: https://www.linkintime.co.in/IPO/public-issues.htmlSelect 'Neptune Petrochemicals'Enter PAN or application number
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ADVERTISEMENT Visit: https://www.bseindia.com/investors/appli_check.aspxSelect 'Equity' and choose 'Neptune Petrochemicals'
ADVERTISEMENT Enter your application number or PANThe IPO was priced at Rs 122 per share with a minimum application size of 1,000 shares. The issue was entirely a fresh offering of 60 lakh shares. Anchor investors had earlier committed Rs 20.85 crore, indicating early institutional interest.
ADVERTISEMENT The proceeds will be used to fund expansion of manufacturing capacity, acquire office space, and meet working capital requirements.Neptune Petrochemicals is engaged in the manufacturing and trading of bitumen and bitumen-derived products, which are primarily used in road construction and industrial applications. It has three plants across Gujarat, Haryana, and Assam, and exports to Nepal and Bhutan as well.Financially, the company reported a PAT of Rs 19.47 crore for the nine months ended December 2024 and holds a strong return on equity of 65%.
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