Latest news with #NeptunePetrochemicals
Business Standard
3 days ago
- Business
- Business Standard
NSE SME IPO of N R Vandana Tex Industries subscribed 1.37 times
The offer received bids for 60.63 lakh shares as against 44.37 lakh shares on offer. The initial public offer (IPO) of Neptune Petrochemicals received bids for 60,63,000 shares as against 44,37,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (28 May 2025). The issue was subscribed 1.37 times. The issue opened for bidding on Wednesday (28 May 2025) and it will close on Friday (30 May 2025). The price band of the IPO is fixed between Rs 42 to Rs 45 per share. The minimum order quantity is 3,000 equity shares. The equity shares will list on NSEs SME platform. The IPO comprises fresh issue of 61,98,000 equity shares. About 3,12,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 58,86,000 equity shares including anchor allocation portion. The company intends to utilize the net proceeds for funding working capital requirements, prepayment or repayment of loans, and general corporate purposes. Ahead of the Neptune Petrochemicals on Tuesday, 27 May 2025, raised Rs 7.92 crore from anchor investors. The board has allotted 17.61 lakh shares at Rs 45 per share to 6 anchor investors. Neptune Petrochemicals is engaged in the design, manufacturing, and wholesale of cotton textile products, including a variety of high-quality cotton sarees, salwar suits, and bed sheets. Its products are recognized in the textile industry under the brand names Vandana and Tanaya. The company operates a B2B business model, focusing on selling products through a network of 1,397 wholesalers as of 31 March 2025, spread across 31 states and union territories in India, as well as through a B2B e-commerce platform. As of 30 April 2025, the company had 86 employees and 34 persons working as contract labour. The company recorded revenue from operations of Rs 270.80 crore and net profit of Rs 8.60 crore for the period ended 31 March 2025.
Economic Times
3 days ago
- Business
- Economic Times
Neptune Petrochemicals IPO sails through on Day 1. Check details
The initial public offering of Neptune Petrochemicals, which opened for subscription on Wednesday, was subscribed by 1.06 times at the end of the first day of the bidding process. ADVERTISEMENT The non-institutional investors (NIIs) had made 322 applications for a total of 17.53 lakh shares, while the qualified institutional buyers (QIBs) had applied for 27.76 lakh shares via 4 applications. The issue will remain open until May 30 and 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 market. Beeline 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 2,44,000. ADVERTISEMENT Incorporated 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 Bhutan. ADVERTISEMENT For 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 purposes. ADVERTISEMENT Investors 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 The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Neptune Petrochemicals IPO sails through on Day 1. Check details
Neptune Petrochemicals' Rs 73.20 crore IPO was subscribed 1.06 times on Day 1, with strong interest from QIBs and NIIs. The company shows solid financials and growth potential in the infrastructure-linked bitumen segment. Tired of too many ads? Remove Ads Neptune Petrochemicals IPO price band Tired of too many ads? Remove Ads About Neptune Petrochemicals The initial public offering of Neptune Petrochemicals , which opened for subscription on Wednesday, was subscribed by 1.06 times at the end of the first day of the bidding non-institutional investors (NIIs) had made 322 applications for a total of 17.53 lakh shares, while the qualified institutional buyers (QIBs) had applied for 27.76 lakh shares via 4 issue will remain open until May 30 and 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 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 The Economic Times)
Time of India
4 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
4 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)
