Renol Polychem IPO, a ₹25.77 crore SME issue, opened for subscription on July 31, 2025 and closed on August 4, 2025. Allotments were finalised on August 5, 2025, shares were credited to demat accounts and refunds were initiated by August 6, 2025. The IPO is listed on the NSE SME platform by August 7, 2025. The grey market premium (GMP) on August 5 was ₹3, indicating an estimated listing price of ₹108, a 2.86% premium over the issue price of ₹105.
About Renol Polychem Ltd Company
Renol Polychem Limited company, based in Rajkot, Gujarat. it started operations as a partnership firm named Renol Enterprises in April 2008. It became a private limited company in January 2024 and converted into a public limited company by June 2024. The company mainly manufactures plastic-related chemical products such as color masterbatches, pigments, processing aids, impact modifiers and titanium dioxide.
These products are widely used in industries such as UPVC/CPVC pipe manufacturing, automotive plastics, packaging, etc. Renol Polychem serves B2B customers by providing customized formulations based on performance and color specifications.
Renol Polychem IPO Details
- IPO Type: NSE SME (Book Built Issue)
- Total Issue Size: ₹25.77 crore (24.54 lakh fresh equity shares)
- Price Band: ₹100 to ₹105 per share (final issue price: ₹105)
- Face Value: ₹10 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹2.52 lakh (for 2 lots)
Renol Polychem IPO Date
| Event | Date |
|---|---|
| IPO Open Date | July 31, 2025 |
| IPO Close Date | August 4, 2025 |
| Allotment Finalization | August 5, 2025 |
| Refund Initiation | August 6, 2025 |
| Shares Credited to Demat | August 6, 2025 |
| Listing Date on NSE SME | August 7, 2025 |
Renol Polychem IPO Subscription Status
The IPO received a solid response from investors, with an overall subscription of approximately 6.83 times.
- Retail Category: Subscribed 6.51 times
- Non-Institutional Investors (NII): Subscribed 6.89 times
- Qualified Institutional Buyers (QIB): Subscribed 8.41 times
The strong subscription figures reflect the company’s promising financial performance and future growth potential.
How to Check Renol Polychem IPO Allotment Status
You can check the allotment status through the following methods:
1. Through Skyline Financial Services (Registrar)
- Visit the official website of Skyline Financial Services.
- Click on “IPO Allotment Status”.
- Select “Renol Polychem Limited” from the dropdown list.
- Enter your PAN, Application Number, or DP/Client ID.
- Submit the details to view your Renol Polychem IPO allotment status.
2. Through NSE Website
- Go to the NSE India website
- Navigate to the “Equity IPO” section
- Select “Check Allotment Status”
- Enter your PAN or application number and other details
3. Broker/Demat Account:
- Log in to your demat or trading account (e.g., Zerodha, Upstox, 5Paisa, Bajaj Broking, etc.).
- Check the IPO section to see if shares have been credited to your demat account.
The allotment status is available from August 5, 2025. If you are not allotted shares, your blocked amount will be refunded on or before August 6, 2025. The allotted shares will be credited to your demat account on the same day.
Grey Market Premium (GMP) Today
As per the latest GMP data, Renol Polychem shares are trading at a premium of around ₹ 3 in the grey market. This indicates a potential listing price of ₹ 108 per share, a marginal gain of 2.85% over the issue price of ₹ 105.
Earlier, the GMP had reportedly reached as high as ₹8 per share, indicating some cooling in investor sentiment closer to listing. It is important to note that grey market trends are speculative and may not always reflect actual listing performance.
Use of IPO Proceeds
The company plans to utilize the net proceeds from the IPO for the following purposes:
- Purchase of new machinery
- Repayment of certain borrowings
- Working capital requirements
- General corporate purposes
Financial Performance Overview
Renol Polychem posted strong financial results in FY2024-25:
- Revenue: ₹62.56 crore
- Net Profit: ₹6.83 crore
- EBITDA Margin: 13.9%
- Return on Capital Employed (ROCE): 64.42%
- Return on Net Worth (RONW): 45.23%
- Debt to Equity: 0.52
These figures highlight robust growth and operational efficiency, making the IPO an attractive opportunity for SME investors.
Conclusion
Renol Polychem’s IPO has received a positive response from all categories of investors, thanks to strong financials and differentiated products. The allotment status can be checked online through the registrar and NSE portal from August 5, 2025. Listing on the NSE SME platform is scheduled for August 7, 2025. With a moderate GMP, investors can expect a modest premium on listing.
If you’ve applied for the IPO, make sure to check your allotment status through the official channels and keep track of refunds or share credits.
For further assistance, contact Skyline Financial Services at ipo@skylinerta.com or +91-22-28511022. Always verify details with official sources before making investment decisions.
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