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Time of India
7 days ago
- Business
- Time of India
Neptune Petrochemicals IPO: Neptune Petrochemicals IPO opens today: Check GMP, price band and other details
ADVERTISEMENT The initial public offering of Neptune Petrochemicals will open for subscription today and will remain open until May 30. The company plans to raise Rs 73.20 crore through a fresh issue of 60 lakh shares. Ahead of the issue opening, there is no GMP in the unlisted Capital Advisors is managing the issue as the book-running lead manager, and MUFG Intime India (Link Intime) is the IPO is being offered in a price band of Rs 115 to Rs 122 per share. The shares will be listed on the NSE SME platform with a tentative listing date set for June investors can apply for a minimum of 1,000 shares, which amounts to Rs 1,22,000 at the upper price band. High-net-worth individuals (HNIs) can apply for a minimum of 2,000 shares with an investment of Rs 2,44, in 2021, Neptune Petrochemicals is engaged in manufacturing and trading various grades of bitumen products, including polymer-modified and crumb-rubber-modified bitumen. The company's products are widely used in the construction and road-building sectors. It has three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam). It also exports products to neighbouring countries such as Nepal and the nine months ended December 31, 2024, the company reported revenue of Rs 620 crore and a profit of Rs 19.47 crore. In the previous full year (FY24), Neptune had a profit of Rs 20.82 crore on revenue of Rs 675.97 crore. It has shown strong growth in a short period and maintains a healthy return on equity of 65 company plans to use the IPO proceeds to fund the purchase of office space, install new plant and machinery, meet working capital needs, and for general corporate will be watching the subscription trends closely over the next few days, especially as the company is part of a fast-growing infrastructure segment. Its strong financials and niche product focus may attract interest, despite current cautious sentiment in the SME space.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
7 days ago
- Business
- Economic Times
Neptune Petrochemicals IPO opens today: Check GMP, price band and other details
The company plans to use the IPO proceeds to fund the purchase of office space, install new plant and machinery, meet working capital needs, and for general corporate purposes. Neptune Petrochemicals launches its IPO today, aiming to raise Rs 73.20 crore through a fresh issue of shares, with the subscription period closing on May 30. The IPO price is set between Rs 115 and Rs 122 per share, and the company intends to use the funds for expansion and working capital. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering of Neptune Petrochemicals will open for subscription today and will remain open until May 30. The company plans to raise Rs 73.20 crore through a fresh issue of 60 lakh shares. Ahead of the issue opening, there is no GMP in the unlisted Capital Advisors is managing the issue as the book-running lead manager, and MUFG Intime India (Link Intime) is the IPO is being offered in a price band of Rs 115 to Rs 122 per share. The shares will be listed on the NSE SME platform with a tentative listing date set for June investors can apply for a minimum of 1,000 shares, which amounts to Rs 1,22,000 at the upper price band. High-net-worth individuals (HNIs) can apply for a minimum of 2,000 shares with an investment of Rs 2,44, in 2021, Neptune Petrochemicals is engaged in manufacturing and trading various grades of bitumen products, including polymer-modified and crumb-rubber-modified bitumen. The company's products are widely used in the construction and road-building sectors. It has three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam). It also exports products to neighbouring countries such as Nepal and the nine months ended December 31, 2024, the company reported revenue of Rs 620 crore and a profit of Rs 19.47 crore. In the previous full year (FY24), Neptune had a profit of Rs 20.82 crore on revenue of Rs 675.97 crore. It has shown strong growth in a short period and maintains a healthy return on equity of 65 company plans to use the IPO proceeds to fund the purchase of office space, install new plant and machinery, meet working capital needs, and for general corporate will be watching the subscription trends closely over the next few days, especially as the company is part of a fast-growing infrastructure segment. Its strong financials and niche product focus may attract interest, despite current cautious sentiment in the SME space.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
20-05-2025
- Business
- Economic Times
Borana Weaves IPO opens for subscription with healthy GMP. Should you bid?
Borana Weaves IPO price band Live Events Borana Weaves IPO: Should you subscribe? About the company (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Borana Weaves, a Surat-based textile manufacturer, has launched its initial public offering (IPO) today, aiming to raise nearly Rs 145 crore through a fresh issue of 67.08 lakh shares. Borana Weaves IPO 's GMP stood at Rs 55, indicating an estimated premium of 26%.The IPO is entirely a fresh issue, meaning all funds raised will directly benefit the company. Borana Weaves plans to use the proceeds to establish a new manufacturing unit in Surat, Gujarat, enhancing its production capabilities in grey fabric. Additionally, the funds will be used for meeting incremental working capital requirements and general corporate Capital Advisors is the book-running lead manager for this issue, while Kfin Technologies is the IPO, which opens for subscription on May 20 and closes on May 22, is being offered at a price band of Rs 205 to Rs 216 per share. The allotment of shares is expected to be finalized on May 23 with refunds to be initiated on May 26. The shares are expected to be credited to the successful bidders' demat accounts on the same day and the stock is scheduled to list on BSE and NSE on May can bid for a minimum of 69 shares and in multiples thereof. Retail investors can apply for a maximum of 13 lots, which amounts to 897 shares, with a total investment of Rs 1.93 lakh at the upper price advise investors to subscribe to the issue for long term as the company's shift to water jet loom could benefit with highyields further capitalizing its top and bottom lines"On valuation parse, based on annualised FY25, it is seeking PE of 14.7 times, FY24 earnings PE stands at 24.4 times and post issue market cap comes at Rs 575 crore with this the issue is fully priced. We recommend the issue can be considered as Subscribe for Long Term," said Anand in 2020, Borana Weaves specializes in manufacturing unbleached synthetic grey fabric, which serves as a base for dyeing, printing, and other textile company also produces polyester textured yarn (PTY Yarn), which is widely used in the textile industry. Borana Weaves operates three manufacturing units in Surat, equipped with state-of-the-art machinery, including 15 texturizing machines, six warping machines, 700 water jet looms, and 10 folding of December 2024, the company reported a revenue of Rs 215.71 crore and a net profit of Rs 29.31 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
