Renol Polychem IPO
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Schedule of Renol Polychem
| Issue open date | 31 Jul 2025 |
| Issue close date | 04 Aug 2025 |
| UPI mandate deadline | 04 Aug 2025 (5 PM) |
| Allotment finalization | 05 Aug 2025 |
| Refund initiation | 06 Aug 2025 |
| Share credit | 06 Aug 2025 |
| Listing date | 07 Aug 2025 |
| Mandate end date | 19 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 04 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 03 Nov 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 Renol Polychem
Incorporated in 2008, Renol Polychem Limited manufactures and supplies colour masterbatches, plastic additives, and industrial chemicals. Its product range includes color and filler masterbatches, UV stabilizers, flame retardants, and polymer modifiers, catering to industries like packaging, automotive, electronics, and agriculture. Renol’s products are widely used in the production of UPVC and CPVC pipes, fittings, and a variety of plastic products.
Financials of Renol Polychem
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹25.77 crores |
| Fresh Issue | ₹25.77 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure in requirements for the purchase of Machinery | 5.6 (21.7%) |
| Repayment of certain borrowings | 1.0 (3.88%) |
| To meet out the Working Capital Requirements | 15.15 (58.78%) |
| General corporate purposes |
Strengths
- Diverse product portfolio catering to wide range of customers
- Long-standing client and supplier relationships
- Established manufacturing facility and In-House R&D capabilities
- Customised solutions for niche applications
- Promoters with significant industry experience
Risks
- High reliance on Gujarat, Tamilnadu and Karnataka, accounting for over 95% of revenue(FY24), makes the business vulnerable to regional disruptions
- Dependence on few customers & suppliers without contracts may disrupt operations
- Loss of rented premises, including manufacturing facility, registered office and warehouses, may impact operations and increase costs
- Competitive market and regulatory challenges, non-compliance could affect business performance
Subscription Figures for Renol Polychem
Subscription numbers as of 5:00 PM on August 01, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 2.56 | 1.90 | 0.74x |
| NII | 3.49 | 10.45 | 2.99x |
| Retail | 13.15 | 25.92 | 1.97x |
| Total | 19.21 | 38.28 | 1.99x |