All details for Renol Polychem IPO: Dates, price, financials, objectives, KPIs, registrar, and business overview.
Bar Chart upar, Line Chart niche — financials section me!
Renol Polychem IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 31, 2025 |
| IPO Close Date | August 4, 2025 |
| Basis of Allotment (Tentative) | August 5, 2025 |
| Refunds Initiation (Tentative) | August 6, 2025 |
| Credit of Shares to Demat (Tentative) | August 6, 2025 |
| IPO Listing Date (Tentative) | August 7, 2025 |
IPO Price & Lot Size
| Issue Price | ₹105 per share |
|---|---|
| Market Lot | 1,200 Shares |
| Retail Min | 2 lots (2,400 shares) – ₹2,52,000 |
| Retail Max | 2 lots (2,400 shares) – ₹2,52,000 |
| S-HNI Min | 3 lots (3,600 shares) – ₹3,78,000 |
| S-HNI Max | 7 lots (8,400 shares) – ₹8,82,000 |
| B-HNI Min | 8 lots (9,600 shares) – ₹10,08,000 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 May 2025 | 25.86 | 12.02 | 1.14 | 1.60 | 14.47 | 8.98 | 5.28 |
| 31 Mar 2025 | 23.41 | 62.56 | 5.00 | 7.07 | 13.33 | 7.84 | 6.95 |
| 31 Mar 2024 | 15.49 | 6.52 | 1.53 | 2.18 | 8.69 | 3.20 | 2.58 |
| 31 Mar 2023 | 10.28 | 41.86 | 0.73 | 1.14 | 2.71 | 5.36 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROE | 45.37% |
| ROCE | 64.18% |
| Debt/Equity | 0.52 |
| RoNW | 45.37% |
| PAT Margin | 8.02% |
| EBITDA Margin | 11.36% |
| Price to Book Value | 4.32 |
| EPS (Pre IPO) | 9.10 |
| EPS (Post IPO) | 8.62 |
| P/E (Pre IPO) | 11.54 |
| P/E (Post IPO) | 12.18 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Million) |
|---|---|---|
| 1 | Capital Expenditure in requirements for the purchase of Machinery | 56 |
| 2 | Repayment of certain borrowings | 10 |
| 3 | To meet out the Working Capital Requirements | 151.5 |
| 4 | General Corporate Purposes | – |
About Renol Polychem Ltd.
Incorporated: 2008
Business: Manufacturer and supplier of colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, all-in-one additives, and polymer compounds.
Products:
- Colour Masterbatches: Green, Red, Yellow, Orange, Pink, Blue, Brown, Violet, Ivory, White, Maroon, Silver, Multicolor, Black
- Filler Masterbatches: Transparent plastic filler, talc, calcium carbonate-based
- Additive Masterbatches: UV stabilizers, antioxidants, slip/anti-block, processing aids, flame retardants
- Polymer Compounds & Pigments: High-performance pigments, polymer modifiers
Employees: 15 (as of Sep 30, 2024)
Promoters: Bhaveshbhai Mansukhbhai Harsoda, Naitik Bhaveshbhai Harshoda
- Rich management experience
- Diversified product range
- Strong customer/vendor relationships & established facility
Contact Details
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/
Frequently Asked Questions (FAQ)
The issue price for Renol Polychem IPO is ₹105 per share.
The IPO is scheduled to open for subscription on July 31, 2025, and close on August 4, 2025.
The minimum investment for retail investors is ₹2,52,000 (2,400 shares or 2 lots at ₹105 per share). The minimum lot size is 1,200 shares. For small HNI (sNII), the minimum investment is ₹3,78,000 (3,600 shares or 3 lots). For big HNI (bNII), the minimum investment is ₹10,08,000 (9,600 shares or 8 lots).
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts, using UPI or offline forms
- Registered investment platforms
- Designated branches of syndicate banks
Retail investors can bid at the fixed price. Detailed instructions are available in the Red Herring Prospectus (RHP).
Renol Polychem Ltd. manufactures and supplies colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, all-in-one additives, and polymer compounds. Its revenue sources include:
- Sale of colour masterbatches (e.g., Green, Red, Yellow, Blue, Black, Multicolor)
- Filler masterbatches (transparent plastic filler, talc, calcium carbonate-based)
- Additive masterbatches (UV stabilizers, antioxidants, slip/anti-block, processing aids, flame retardants)
- Polymer compounds and high-performance pigments for plastic packaging, automotive, household, consumer goods, electronics, textiles, and agriculture
The company operates a manufacturing facility in Rajkot, Gujarat, serving diverse industries with a focus on customized solutions.
Key risks to consider include:
- Market risk: Dependence on demand from plastic packaging, automotive, and consumer goods sectors
- Operational risk: Reliance on raw material availability and small workforce (15 employees as of Sep 30, 2024)
- Debt risk: Borrowings of ₹6.95 Cr with a debt-to-equity ratio of 0.52 as of FY25
- Competition: Intense competition from domestic and international masterbatch manufacturers
- Regulatory risk: Compliance with environmental and industrial safety regulations
Investors should review the risk factors in the RHP before investing.
The net proceeds from the fresh issue (₹25.77 Cr) will be used for:
- Capital expenditure for machinery purchase: ₹5.6 Cr
- Repayment of certain borrowings: ₹1.0 Cr
- Working capital requirements: ₹15.15 Cr
- General corporate purposes: Remaining amount
Renol Polychem has shown growth with fluctuations:
- Total income: ₹41.86 Cr (FY23), ₹6.52 Cr (FY24), ₹62.56 Cr (FY25), a 959% increase from FY24 to FY25 due to operational scaling
- Profit after tax: ₹0.73 Cr (FY23), ₹1.53 Cr (FY24), ₹5.00 Cr (FY25), a 227% increase from FY24 to FY25
- Net worth: ₹2.71 Cr (FY23), ₹8.69 Cr (FY24), ₹13.33 Cr (FY25)
- Employee strength: 15 employees as of September 30, 2024
- Facility: Established manufacturing unit in Rajkot, Gujarat, with diversified product offerings
The company’s growth is driven by its diversified product range and strong customer relationships.
As of March 31, 2025:
- Total borrowings: ₹6.95 Cr
- Debt-to-equity ratio: 0.52
- Total income: ₹62.56 Cr, supporting debt servicing capacity
The company’s moderate debt-to-equity ratio indicates a balanced financial position.
The book running lead manager for the Renol Polychem IPO is not specified in the provided details. The registrar is Skyline Financial Services Private Ltd. The market maker is Asnani Stock Broker Pvt Ltd.
Note: The information provided here is based on the RHP and available data as of August 4, 2025. For the most updated and accurate details, including subscription status and grey market premium, please refer to the Red Herring Prospectus (RHP) or consult with your financial advisor.
