Renol Polychem IPO
Open SmeCurrent GMP
₹3 (+2.86%)
Price Band
₹ 100 – 105
Lot Size
2400
Issue Size
₹25.77 Cr
Minimum Investment
₹504000 (4800 Shares)
Listing Date
07 August 2025
Subscription
6.92x
About the Company
Incorporated in January 2008 and headquartered in Rajkot, India, Renol Polychem Limited is a specialized manufacturer and supplier of colour masterbatches, plastic masterbatches, additives, industrial chemicals, impact modifiers, and plastic pigments. The company serves a wide range of industries with a strong emphasis on product innovation, performance enhancement, and customer satisfaction.
Product Portfolio
Renol Polychem offers a broad spectrum of polymer solutions designed for diverse plastic processing applications, including moulding, extrusion, and film production:
1. Colour Masterbatches
- A vibrant range including: Green, Red, Yellow, Orange, Pink, Blue, Brown, Violet, Ivory, White, Maroon, Silver, Multicolor, and Black.
- Custom formulations designed for precise colour performance across applications.
2. Filler Masterbatches
- Transparent Plastic Filler Masterbatches for aesthetic clarity.
- Talc- and Calcium Carbonate-based fillers that improve cost efficiency and mechanical strength in plastics.
3. Additive Masterbatches
- UV Stabilizers
- Antioxidants
- Slip & Anti-block Agents
- Processing Aids
- Flame Retardants
These are engineered to improve the durability, stability, and processability of plastic products.
4. Polymer Compounds & Pigments
- High-performance pigments for enhanced coloration.
- Polymer modifiers that increase strength, flexibility, and impact resistance—particularly for UPVC and CPVC pipes, pipe fittings, and similar plastic applications.
Industries Served
Renol Polychem's products are used extensively across sectors such as:
- Plastic Packaging (Flexible & Rigid)
- Automotive Components
- Household & Consumer Goods
- Electrical & Electronics
- Textiles & Fibers
- Agricultural Films & Pipes
Competitive Advantages
- Experienced Leadership: Led by a seasoned management team with deep domain expertise.
- Diverse Product Line: Broad and customizable offerings that cater to varied client needs.
- Strong Client Relations: Trusted partnerships with long-standing customers and vendors.
- Robust Infrastructure: An established and quality-focused manufacturing facility ensuring consistent output and innovation.
As of September 30, 2024, Renol Polychem employs 24 individuals, including directors and staff across operations, R&D, and support roles. The company emphasizes employee well-being, safety, and continuous development as part of its long-term growth strategy.
Promoters
- Mr. Bhaveshbhai Mansukhbhai Harsoda
- Mr. Naitik Bhaveshbhai Harshoda
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
69.11%
Objects of the Issue
The Company Renol Polychem IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Capital Expenditure in requirements for the purchase of Machinery
- Repayment of certain borrowings
- To meet out the Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Renol Polychem Limited
307, Sanskar Heights NR RA
Circle 150 FT Ring RD,
Mavdi,Rajkot,
Gujarat, 360004
Phone: +91- 9723780726
Email: compliance@renolpolychem.com
Website: https://www.renolpolychem.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 31 July 2025
IPO Close Date
Monday, 04 August 2025
Basis of Allotment
Tuesday, 05 August 2025
Initiation of Refunds
Wednesday, 06 August 2025
Credit of Shares to Demat
Wednesday, 06 August 2025
Listing Date
Thursday, 07 August 2025 — NSE & BSE
Important Dates
Open Date
31 July 2025
Close Date
04 August 2025
Basis Of Allotment
05 August 2025
Listing Date
07 August 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 24.57 | 15.49 | 10.28 | 6.69 |
| Revenue | 29.03 | 6.52 | 41.86 | 26.8 |
| Profit After Tax | 2.2 | 1.53 | 0.73 | 0.16 |
| Net Worth | 10.89 | 8.69 | 2.71 | 1.88 |
| Reserve & Surplus | 5.4 | 3.2 | 0 | 0 |
| Total Borrowings | 9.07 | 2.58 | 5.36 | 3.8 |
EPS Pre
2.79%
EPS Post
5.53%
P/E Pre
37.58
P/E (Post Issue)
18.99x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 |
|---|---|
| ROE % | 27.5 |
| ROCE % | 37.42 |
| Debt / Equity | 0.3 |
| RoNW % | 27.5 |
| PbW | 0 |
| Pat Margin % | 23.78 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 256800 | 13.37 | 0 |
| Non-Institutional | 349200 | 18.18 | 0 |
| BNII | 381600 | 19.86 | 0 |
| SNII | 116400 | 6.06 | 0 |
| Retail Investors | 1315200 | 68.45 | 0 |
| Total | 1921200 | 100 | 0 |
Subscription Status ( Mon, 04 Aug 25 01:48 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 256800 | 2160000 | 8.41x |
| Non-Institutional | 349200 | 2553600 | 7.31x |
| BNII | 381600 | 1826400 | 4.79x |
| SNII | 116400 | 727200 | 6.25x |
| Retail Investors | 1315200 | 8572800 | 6.52x |
| Total | 1921200 | 13286400 | 6.92x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 252,000.00 |
| Retail (Max) | 2 | 2,400 | 252,000.00 |
| S-HNI (Min) | 3 | 3,600 | 378,000.00 |
| S-HNI (Max) | 7 | 8,400 | 882,000.00 |
| B-HNI (Min) | 8 | 9,600 | 1,008,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Corporate Makers Capital Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Renol Polychem IPO is a Book-building IPO worth ₹25.77 crores. The price band is ₹100 to 105 per share. The IPO opens on Thu, Jul 31, 2025 and closes on Mon, Aug 4, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Renol Polychem IPO opens on Thu, Jul 31, 2025 and closes on Mon, Aug 4, 2025
Renol Polychem IPO Price Band is ₹100 to 105.
Renol Polychem IPO lot size is 2400, and the minimum amount required for application is ₹504000.
The minimum investment for Renol Polychem IPO is approximately ₹504000 based on the upper price band.
To apply for the Renol Polychem IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Aug 4, 2025. After submission, funds are blocked until the basis of allotment of Renol Polychem IPO is finalised.
Renol Polychem IPO issue size is ₹25.77 crores.
Renol Polychem IPO allotment date is Sat, Jun 27, 2026.
The registrar for Renol Polychem IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Renol Polychem IPO through their official website or helpline.
The Renol Polychem IPO GMP (Grey Market Premium) is ₹3 as of Thu, Aug 7, 2025. Based on the upper price band of ₹105 per share, the estimated Renol Polychem IPO listing price is ₹108, indicating a potential listing gain of approximately 31% over the issue price.