Latest news with #NeptunePetrochemicals
Business Standard
04-06-2025
- Business
- Business Standard
NSE SME Neptune Petro heats up post-listing
Shares of Neptune Petrochemicals were trading at Rs 137 on the NSE, a premium of 12.30% compared with the issue price of Rs 122. The scrip was listed at Rs 132.75, a premium of 8.81% compared with the initial public offer (IPO) price. The stock was currently up 3.20% over its listing price. The counter hit a high of Rs 137 and a low of Rs 132.50. About 15.45 lakh shares of the company changed hands at the counter. Neptune Petrochemicals' IPO was subscribed 3.89 times. The issue opened for bidding on 28 May 2025 and it closed on 30 May 2025. The price band of the IPO was set at Rs 115 to Rs 122 per share. The IPO comprised fresh issue of 60,00,000 equity shares. The promoter and promoter group shareholding diluted to 69.33% from 94.30% pre-issue. The company intends to utilize the net proceeds for funding capital expenditure requirements towards the installation of additional plant and machinery and related infrastructure, the purchase of office space, working capital requirements, and general corporate expenses. Ahead of the Neptune Petrochemicals on 27 May 2025, raised Rs 20.84 crore from anchor investors. The board has allotted 17.09 lakh shares at Rs 122 per share to 3 anchor investors. Neptune Petrochemicals is engaged in the production, manufacturing, and trading of a comprehensive range of bitumen products, bitumen emulsions, and allied materials. With a diverse product portfolio that includes various grades of bitumen, as well as modified bitumen such as polymer modified bitumen (PMB), crumb rubber modified bitumen (CRMB), and specialized oils, the company serves a wide array of industries, particularly those in construction and industrial applications. By leveraging advanced manufacturing techniques and staying ahead of market trends, Neptune Petrochemicals delivers high-quality, customized solutions tailored to the evolving needs of the road construction and infrastructure sectors. As of 31 March 2025, the company had a total of 68 employees on payroll basis. The company recorded revenue from operations of Rs 614.33 crore and net profit of Rs 19.47 crore for the period ended 31 December 2024.
Time of India
04-06-2025
- Business
- Time of India
Neptune Petrochemicals IPO listing on June 4. Check GMP and other details
Neptune Petrochemicals, a manufacturer of bitumen-based products, is set to debut on the NSE SME platform on Wednesday. Despite receiving a decent response during the IPO subscription window from May 28 to May 30, the stock appears poised for a flat listing, with the grey market premium (GMP) showing no gains over the issue price. According to the latest grey market data, Neptune Petrochemicals' IPO was commanding a GMP of Rs 0. With a fixed issue price of Rs 122 per share, the estimated listing price stands unchanged at Rs 122, suggesting no immediate listing gains for investors. While the GMP can be volatile and is an unofficial indicator, it does reflect the short-term sentiment in the unlisted market. All eyes are now on listing to see whether Neptune Petrochemicals will manage to impress investors post-listing, or if the lacklustre GMP prediction will hold true. The IPO, sized at Rs 73.20 crore, was a fresh issue of 60 lakh equity shares. It saw healthy interest with an overall subscription of 4.11 times. Qualified institutional buyers (QIBs) led the response, subscribing 7.12 times, while the non-institutional investor (NII) portion was subscribed 2.91 times. However, retail investors were more cautious despite a one-lot investment size of Rs 2.44 lakh. Neptune Petrochemicals manufactures and markets various types of bitumen products, including polymer-modified and crumb rubber-modified bitumen. These products are widely used in infrastructure development, especially road construction. The company also trades fuel oils and exports to neighbouring countries like Nepal and Bhutan. It operates three manufacturing units located in Ahmedabad, Panipat, and Kamrup, catering to both domestic and overseas markets. The IPO proceeds are planned to be used for capital expenditure to install new machinery, purchase office space, meet working capital needs, and general corporate purposes. MUFG Intime India (Link Intime) is acting as the registrar to the issue, while Beeline Capital Advisors is the lead manager. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
04-06-2025
- Business
- Economic Times
Neptune Petrochemicals IPO listing on June 4. Check GMP and other details
Neptune Petrochemicals, a manufacturer of bitumen-based products, is set to debut on the NSE SME platform on Wednesday. Despite receiving a decent response during the IPO subscription window from May 28 to May 30, the stock appears poised for a flat listing, with the grey market premium (GMP) showing no gains over the issue price. ADVERTISEMENT According to the latest grey market data, Neptune Petrochemicals' IPO was commanding a GMP of Rs 0. With a fixed issue price of Rs 122 per share, the estimated listing price stands unchanged at Rs 122, suggesting no immediate listing gains for investors. While the GMP can be volatile and is an unofficial indicator, it does reflect the short-term sentiment in the unlisted market. All eyes are now on listing to see whether Neptune Petrochemicals will manage to impress investors post-listing, or if the lacklustre GMP prediction will hold true. The IPO, sized at Rs 73.20 crore, was a fresh issue of 60 lakh equity shares. It saw healthy interest with an overall subscription of 4.11 times. Qualified institutional buyers (QIBs) led the response, subscribing 7.12 times, while the non-institutional investor (NII) portion was subscribed 2.91 times. However, retail investors were more cautious despite a one-lot investment size of Rs 2.44 Petrochemicals manufactures and markets various types of bitumen products, including polymer-modified and crumb rubber-modified bitumen. These products are widely used in infrastructure development, especially road construction. The company also trades fuel oils and exports to neighbouring countries like Nepal and Bhutan. It operates three manufacturing units located in Ahmedabad, Panipat, and Kamrup, catering to both domestic and overseas IPO proceeds are planned to be used for capital expenditure to install new machinery, purchase office space, meet working capital needs, and general corporate purposes. MUFG Intime India (Link Intime) is acting as the registrar to the issue, while Beeline Capital Advisors is the lead manager. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-06-2025
- Business
- Time of India
Neptune Petrochemicals IPO allotment to be finalised today: Check status, listing details, and more
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. 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. How to check Neptune Petrochemicals IPO allotment status: Through Link Intime : Visit: Select 'Neptune Petrochemicals' Enter PAN or application number Click 'Search' to view allotment status Through BSE Website: Visit: Select 'Equity' and choose 'Neptune Petrochemicals' Enter your application number or PAN Click 'Search' to check status The 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. 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%. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Business Standard
28-05-2025
- 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.
