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The IPO received a decent overall subscription of 4.11 times, with institutional investors showing strong interest. The QIB category was subscribed 7.12 times, while the NII and retail segments were covered 2.91 times and modestly, respectively.
How to check Neptune Petrochemicals IPO allotment status:
Through Link Intime :
Visit: https://www.linkintime.co.in/IPO/public-issues.html
Select ‘Neptune Petrochemicals’
Enter PAN or application numberClick ‘Search’ to view allotment status
Through BSE Website:
Visit: https://www.bseindia.com/investors/appli_check.aspx
Select ‘Equity’ and choose ‘Neptune Petrochemicals’
Enter your application number or PAN
Click ‘Search’ to check status
The IPO was priced at Rs 122 per share with a minimum application size of 1,000 shares. The issue was entirely a fresh offering of 60 lakh shares. Anchor investors had earlier committed Rs 20.85 crore, indicating early institutional interest.
The proceeds will be used to fund expansion of manufacturing capacity, acquire office space, and meet working capital requirements.
Neptune Petrochemicals is engaged in the manufacturing and trading of bitumen and bitumen-derived products, which are primarily used in road construction and industrial applications. It has three plants across Gujarat, Haryana, and Assam, and exports to Nepal and Bhutan as well.
Financially, the company reported a PAT of Rs 19.47 crore for the nine months ended December 2024 and holds a strong return on equity of 65%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
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