Priced in the range of Rs 100 to Rs 105 per share, the IPO requires retail investors to apply for a minimum of 2,400 shares, translating into an investment of Rs 2.52 lakh. The shares are proposed to be listed on the NSE SME platform, with allotment expected on August 5 and listing tentatively scheduled for August 7.
Anchor investors have already committed Rs 4.03 crore, subscribing to 3.84 lakh shares a day before the IPO launch.
Surging revenue, strong return metrics
Founded in 2008, Renol Polychem is a manufacturer and supplier of colour masterbatches, filler masterbatches, polymer compounds, additives, and plastic pigments used across industries such as packaging, automotive, electronics, and agriculture.
Its products enhance the performance, appearance, and durability of various plastic materials.
The company has reported a dramatic revenue surge, with topline growing 859% to Rs 62.56 crore in FY25 from just Rs 6.52 crore in FY24. Profit after tax rose 226% to Rs 5 crore in the same period.
Use of funds
Proceeds from the IPO will be used primarily for capital expenditure (Rs 5.6 crore), working capital (Rs 15.15 crore), loan repayment (Rs 1 crore), and general corporate purposes.
