Neptune Petrochemicals IPO Upcoming
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Schedule of Neptune Petrochemicals
| Issue open date | 28 May 2025 |
| Issue close date | 30 May 2025 |
| UPI mandate deadline | 30 May 2025 (5 PM) |
| Allotment finalization | 02 Jun 2025 |
| Refund initiation | 03 Jun 2025 |
| Share credit | 03 Jun 2025 |
| Listing date | 04 Jun 2025 |
| Mandate end date | 15 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 02 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 31 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Neptune Petrochemicals
Neptune Petrochemicals, incorporated in 2021, is engaged in the manufacturing and trading of bitumen products, including polymer-modified and crumb rubber-modified bitumen, as well as bitumen emulsions and fuel oils. The company operates three manufacturing units in Gujarat, Haryana, and Assam, and serves clients primarily in the road construction and industrial sectors across India, Nepal, and Bhutan. It follows standardised quality, environmental, and safety protocols, holding ISO 9001:2015, ISO 14001:2015, and OHSAS 45001:2018 certifications. As of December 2024, the company employed 59 people and has maintained consistent operations through experienced leadership and sector-specific focus.
Financials of Neptune Petrochemicals
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹73.20 crores |
| Offer for sale | ₹73.20crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Installation of new plant and machinery related | 5.15 (7%) |
| Capital expenditure for office space | 14.74 (20%) |
| Working capital requirement | 42 (57%) |
| General corporate purposes | – |
Strengths
- Diverse product portfolio serving construction, road, and industrial sectors.
- Operational knowledge built on years of industry experience.
- Products tailored to specific market segments like road construction.
- Applications span infrastructure, energy, manufacturing, and agriculture.
- Production aligned with demand forecasting and supplier coordination.
- Capacity to fulfil bulk orders during peak construction periods.
Risks
- Dependence on international suppliers for raw materials
- Exposure to price volatility and supply chain disruptions in trading model
- Uncertain revenue growth due to customer acquisition challenges
- Seasonal demand fluctuations, particularly during monsoons
- Profitability risk due to crude oil price volatility
- Underutilisation of installed manufacturing capacity
- Pending legal proceedings against company and key personnel