Neptune Petrochemicals IPO: Subscription Status, GMP, and Key Details
Neptune Petrochemicals Limited’s Initial Public Offering (IPO) opened for subscription on May 28, 2025, and is set to close today, May 30, 2025. The company aims to raise ₹73.20 crore through the issuance of 60 lakh new equity shares.
IPO Details:
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Price Band: ₹115 to ₹122 per share
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Lot Size: 1,000 shares (minimum investment of ₹1,22,000 at the upper price band)
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Issue Type: Book-built issue
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Listing Platform: NSE SME
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Allotment Date: Expected on June 2, 2025
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Listing Date: Tentatively on June 4, 2025
Grey Market Premium (GMP):
As of the latest updates, the IPO is trading at par in the grey market, with a GMP of ₹0. This suggests that the shares are expected to list around the upper price band of ₹122, indicating a neutral market sentiment.
Subscription Status:
On the first day of bidding, the IPO was fully subscribed, reflecting investor interest. However, initial data showed a 7% subscription by 12:06 PM on May 28. By the end of the day, the issue was subscribed 1.06 times.
Company Overview:
Neptune Petrochemicals specializes in manufacturing and trading bitumen products, including bitumen emulsions and modified bitumen types like polymer-modified and crumb rubber-modified bitumen. The company operates three manufacturing facilities located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam).
Utilization of IPO Proceeds:
The funds raised from the IPO will be utilized for:
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Capital expenditure towards the installation of additional plant and machinery
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Investment in office infrastructure
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Working capital requirements
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General corporate purposes
Grey Market Premium (GMP):
Currently, the IPO is trading at par in the grey market, with a GMP of ₹0. This suggests that the shares are expected to list around the upper price band of ₹122, indicating a neutral market sentiment.
Company Overview:
Neptune Petrochemicals specializes in manufacturing and trading bitumen products, including bitumen emulsions and modified bitumen types like polymer-modified and crumb rubber-modified bitumen. The company operates three manufacturing facilities located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam).
Utilization of IPO Proceeds:
The funds raised from the IPO will be utilized for:
-
Capital expenditure towards the installation of additional plant and machinery
-
Investment in office infrastructure
-
Working capital requirements
-
General corporate purposes
Key Dates:
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IPO Closing Date: May 30, 2025
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Basis of Allotment: June 2, 2025
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Refunds Initiation: June 3, 2025
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Shares Credited to Demat Accounts: June 3, 2025
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Listing Date: June 4, 2025
Conclusion:
While the IPO has seen full subscription, the flat GMP indicates a cautious market approach. Investors should consider the company’s fundamentals and market conditions before making investment decisions.
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