Latest news with #SMEEmerge
News18
30-07-2025
- Business
- News18
Renol Polychem's Rs. 25.77 Crore IPO To Open On July 31
Renol Polychem to Raise ₹25.77 Cr via Fresh Issue; IPO Opens July 31 with Price Band Set at ₹100–₹105 Per Share Rajkot (Gujarat) [India], July 30: The Rs. 25.77 crore Initial Public Offering (IPO) of Rajkot-based Renol Polychem Limited, a leading manufacturer of colour and additive master-batches in India, is set to open on July 31, 2025. The IPO will remain open for subscription until August 4, 2025. The IPO comprises a fresh issue of 24.54 lakh shares. Renol Polychem has set a price band of Rs. 100 to Rs. 105 per share for the issue. The lot size is 1,200 shares. Retail investors are required to apply for at least two lots (2,400 shares), amounting to Rs. 2,52,000. For High Net-worth Investors (HNIs), the minimum application amount is Rs. 3,78,000 (3,600 shares). Out of the total fundraise of Rs. 25.77 crore, Renol Polychem plans to use Rs. 5.60 crore for purchasing advanced machinery, Rs. 15.15 crore for working capital requirements to expand operations and market presence, Rs. 1 crore for repayment of certain borrowings, and the rest for general corporate purposes. The shares will be listed on the NSE SME Emerge platform on Thursday, August 7, 2025. Founded in 2008, Renol Polychem specialises in the manufacturing of colour master-batches, plastic master-batches, industrial chemicals, impact modifiers, plastic pigments, and more. It also offers all-in-one additives, including stabilisers, impact modifiers, and colour pigments, that have applications in the UPVC, CPVC pipes, pipe fittings, and plastic products segments. The company's manufacturing unit in Rajkot is equipped with modern machinery and R&D facilities. Renol Polychem has demonstrated strong financial performance with significant revenue growth and profitability over the last few years. It reported revenue of Rs. 52.26 crore and profit after tax of Rs. 3.94 crore in the financial year 2023-24. In FY 2024-25, its revenue was Rs. 62.29 crore and profit after tax was Rs. 4.99 crore. The IPO comes at a time when India's master-batch market is witnessing rapid growth, and is expected to reach $17.22 billion by 2030, driven by increasing demand from packaging, automotive, agriculture, healthcare, aerospace, automotive, consumer goods, and other sectors. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR view comments First Published: July 30, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
30-07-2025
- Business
- Business Standard
Renol Polychem's Rs. 25.77 Crore IPO To Open On July 31
PNN Rajkot (Gujarat) [India], July 30: The Rs. 25.77 crore Initial Public Offering (IPO) of Rajkot-based Renol Polychem Limited, a leading manufacturer of colour and additive master-batches in India, is set to open on July 31, 2025. The IPO will remain open for subscription until August 4, 2025. The IPO comprises a fresh issue of 24.54 lakh shares. Renol Polychem has set a price band of Rs. 100 to Rs. 105 per share for the issue. The lot size is 1,200 shares. Retail investors are required to apply for at least two lots (2,400 shares), amounting to Rs. 2,52,000. For High Net-worth Investors (HNIs), the minimum application amount is Rs. 3,78,000 (3,600 shares). Out of the total fundraise of Rs. 25.77 crore, Renol Polychem plans to use Rs. 5.60 crore for purchasing advanced machinery, Rs. 15.15 crore for working capital requirements to expand operations and market presence, Rs. 1 crore for repayment of certain borrowings, and the rest for general corporate purposes. The shares will be listed on the NSE SME Emerge platform on Thursday, August 7, 2025. Founded in 2008, Renol Polychem specialises in the manufacturing of colour master-batches, plastic master-batches, industrial chemicals, impact modifiers, plastic pigments, and more. It also offers all-in-one additives, including stabilisers, impact modifiers, and colour pigments, that have applications in the UPVC, CPVC pipes, pipe fittings, and plastic products segments. The company's manufacturing unit in Rajkot is equipped with modern machinery and R & D facilities. Renol Polychem has demonstrated strong financial performance with significant revenue growth and profitability over the last few years. It reported revenue of Rs. 52.26 crore and profit after tax of Rs. 3.94 crore in the financial year 2023-24. In FY 2024-25, its revenue was Rs. 62.29 crore and profit after tax was Rs. 4.99 crore. The IPO comes at a time when India's master-batch market is witnessing rapid growth, and is expected to reach $17.22 billion by 2030, driven by increasing demand from packaging, automotive, agriculture, healthcare, aerospace, automotive, consumer goods, and other sectors. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Upturn
19-07-2025
- Business
- Business Upturn
Spunweb Nonwoven IPO allotment finalised: Here's how to check status online on NSE, MUFG Intime India; listing date and GMP
By Aditya Bhagchandani Published on July 19, 2025, 13:17 IST The allotment status for the ₹60.98 crore Spunweb Nonwoven IPO was finalised on Thursday, July 17, 2025. Investors can now check their allotment status online via the NSE and MUFG Intime India websites. The IPO saw an overwhelming response, being subscribed 251.32 times, with bids for 1,06,09,58,400 shares against the 42,21,600 shares on offer (excluding the market maker portion), as per Chittorgarh. The public issue was entirely a fresh issue of 63.52 lakh equity shares, with no Offer For Sale (OFS). The proceeds will be used for working capital, debt repayment, investment in wholly-owned subsidiary SIPL, and general corporate purposes. Key details of the IPO: Minimum application: 2 lots (2,400 shares) for retail investors. Minimum application: 3 lots (3,600 shares) for HNIs. Price band: ₹96 per share. Business: Manufacturing of polypropylene spunbond nonwoven fabrics. How to check Spunweb Nonwoven IPO allotment status On MUFG Intime India: Go to MUFG Intime's IPO allotment page: MUFG IPO Allotment Select 'Spunweb Nonwoven Limited' from the dropdown. Enter your Application No, PAN, DP/Client ID, or Account No/IFSC. Click Submit to view the status. On NSE: Visit NSE IPO allotment page: NSE IPO Status Select 'Equity & SME IPO bid details'. Choose 'Spunweb Nonwoven Ltd'. Enter your PAN and Application No. Click Submit. Listing date Spunweb Nonwoven shares are expected to debut on the NSE SME Emerge platform on July 21, 2025. Spunweb Nonwoven IPO GMP According to , the IPO's grey market premium (GMP) was ₹34, taking the implied share price to ₹130. This reflects a premium of 35.42% over the issue price. Disclaimer: Grey Market Premium (GMP) is an unofficial indicator and is not regulated by stock exchanges or SEBI. Investors should do their own research or consult financial advisors before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
27-05-2025
- Business
- Business Standard
NR Vandana Tex's Rs. 27.89 crore IPO to open on May 28
PNN Kolkata (West Bengal) [India], May 27: The Rs. 27.89 crore Initial Public Offering (IPO) of NR Vandana Tex Industries Limited, a leading designer, manufacturer and wholesaler of cotton textile products, is set to open on Wednesday, May 28, and will close on Friday, May 30. The company has fixed a price band of Rs. 42 to Rs. 45 per share. The IPO is a completely fresh issue of 61,98,000 shares and will raise Rs. 27.89 crore at the upper end of the price band. The company has reserved 29,37,000 shares for Qualified Institutional Bidders (QIBs), 11,97,000 shares for Non-Institutional Bidders (NIBs), and 20,64,000 shares for retail applicants. The lot size is 3,000 shares. For retail investors, both the minimum and maximum application size is 6,000 shares (two lots), amounting to Rs. 2,70,000. For High-Net-worth Individuals (HNIs), the minimum application size is 9,000 shares, with a minimum application amount of Rs4,05,000. NR Vandana Tex Industries aims to utilise the net proceeds from the issue to meet working capital requirements (Rs. 16.28 crore), repayment of certain loans (Rs. 5 crore), and the rest for general corporate purposes. The shares are expected to list on the NSE SME Emerge platform on June 4. The lead manager of the issue is Marwadi Chandarana Intermediaries Brokers, while Cameo Corporate Services is the registrar. Alacrity Securities is the market maker. NR Vandana Tex Industries specialises in the design, manufacture and wholesale of premium cotton textile products, including cotton sarees, salwar suits, and bed sheets. Its operations cover all stages of production, including cutting, dyeing, embroidery, sewing, embellishment, finishing, inspection, and packing. The company also outsources a portion of its production to 229 job workers, providing them with specific technical instructions to ensure consistency in quality. The company markets its products under the "Vandana" and "Tanaya" brands and operates under the B2B model. As of March 2025, it served a network of 1,397 wholesalers across 31 states and union territories and also leveraged a B2B e-commerce platform. It actively engages with potential clients through direct visits and leverages strong local market connections to expand its reach. As of March 31, 2025, NR Vandana Tex Industries offered a portfolio of over 1,500 SKUs, catering to various market segments and price ranges. Regionally, its revenue distribution stands at 88.10% from the East, 7.34% from the West, 2.46% from the South, and 2.10% from the North. The company employed 86 full-time staff and 34 contractual workers as of April 2025.
