Renol Polychem Ltd. operates within India’s expanding chemical and manufacturing sectors, which are integral to the nation’s economic growth. With a focus on producing high-quality, specialised components, the company plays a crucial role in meeting the growing demand across various industries, from agriculture to industrial applications. As India continues its infrastructure development and industrialisation, Renol Polychem is well-positioned to capitalise on emerging opportunities. Renol Polychem IPO provides investors an opportunity to be part of the company’s growth journey, while helping raise the capital needed to expand its operations and drive further innovation in the manufacturing sector.
About Renol Polychem Ltd.
Renol Polychem Ltd., established in 2008, is a manufacturer specialising in colour masterbatches, plastic masterbatches, industrial chemicals, and plastic pigments. The company serves industries such as plastic packaging, automotive, household goods, and agricultural films. Renol Polychem offers a range of products, including colour and filler masterbatches, additives, and polymer compounds, to cater to various plastic manufacturers.
Key Products:
- Colour Masterbatches: Green, Red, Yellow, Orange, Pink, Blue, and more.
- Filler Masterbatches: Talc and Calcium Carbonate-based for cost efficiency.
- Additives: UV Stabilisers, Antioxidants, Flame Retardants.
- Polymer Compounds & Pigments: High-performance pigments and modifiers.
With experienced management and strong customer relationships, Renol Polychem IPO is a favourable player in the manufacturing sector.
Renol Polychem Ltd. IPO Details
The Renol Polychem IPO is a bookbuilding IPO with a total issue size of ₹25.77 crore. The company plans to issue 24.54 lakh shares, entirely a fresh issue. The price band is set at ₹100 to ₹105 per share.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Thu, Jul 31, 2025 |
| IPO Close Date | Mon, Aug 4, 2025 |
| Tentative Allotment | Tue, Aug 5, 2025 |
| Initiation of Refunds | Wed, Aug 6, 2025 |
| Credit of Shares to Demat | Wed, Aug 6, 2025 |
| Tentative Listing Date | Thu, Aug 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 4, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,54,000 shares (₹25.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 75.00% |
Lot Size of Renol Polychem Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9,600 | ₹10,08,000 |
Financial Snapshot
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Crore) | 25.86 | 23 | 15.49 | 10.28 |
| Revenue (₹ Crore) | 12.02 | 63 | 6.52 | 41.86 |
| Profit After Tax (₹ Crore) | 1.14 | 5 | 1.53 | 0.73 |
| EBITDA (₹ Crore) | 1.6 | 7 | 2.18 | 1.14 |
| Net Worth (₹ Crore) | 14.47 | 13 | 8.69 | 2.71 |
| Reserves and Surplus (₹ Crore) | 8.98 | 7.84 | 3.2 | – |
| Total Borrowing (₹ Crore) | 5.28 | 6.95 | 2.58 | 5.36 |
Renol Polychem Ltd. Financials
Renol Polychem Ltd. has shown strong financial growth. Its revenue increased from ₹41.86 crore in FY 2023 to ₹6.52 crore in FY 2024, and then significantly to ₹62.56 crore in FY 2025. Similarly, the Profit After Tax (PAT) rose from ₹0.73 crore in FY 2023 to ₹1.53 crore in FY 2024, and further grew to ₹5.00 crore in FY 2025.
Key Performance Indicators (as of March 31, 2025)
- 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
Renol Polychem Ltd.: Industry Outlook
The masterbatch market in India is experiencing robust growth, driven by increasing demand from various end-use industries.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030, reaching nearly USD 17.22 million, fueled by an increasing need for inventive and appealing packaging techniques.
- Growing integration of masterbatch in sectors like agriculture, healthcare, automotive, and consumer goods is playing a pivotal role in market expansion.
- The expanding real estate industry is driving substantial demand for wiring and cable applications, consequently stimulating masterbatch demand.
- The versatility of masterbatches allows for customised formulations, consistent coloration, and enhanced properties like UV resistance and flame retardance in plastic products.
- Technological advancements in polymer processing and the emphasis on consistent product quality further contribute to the demand for high-quality masterbatches.
Use of IPO Proceeds
| S.No. | Purpose of the Issue | Expected Amount
(₹ in crores) |
| 1 | Investment in capital expenditure for machinery purchase | 56 |
| 2 | Repayment of existing borrowings | 10 |
| 3 | To fulfill working capital requirements | 152 |
| 4 | For general corporate purposes | – |
Renol Polychem Ltd. IPO Peer Comparison
Renol Polychem Ltd. operates in the chemicals and manufacturing industry, with relevant peers including Multibase India Limited, Captain Polyplast Limited, and R M Drip and Sprinklers Systems Limited. These companies, like Renol Polychem IPO, are involved in manufacturing and supplying various industrial products, making them suitable for comparison in the chemical and polyplast sector. They offer diverse products, from plastic compounds to agricultural solutions, aligning them as key players in the industry.
Conclusion
Renol Polychem Ltd. presents an investment opportunity for those looking to tap into India’s growing masterbatch market. With its diverse product portfolio, focus on customised solutions, and strong financial performance, the company is well-positioned for further growth.
When considering this IPO, investors should evaluate the company’s competitive strengths, the positive industry outlook, and its peer comparison with companies like Multibase India Limited, Captain Polyplast Limited, and R M Drip and Sprinklers Systems Limited. Those seeking exposure to the specialty chemicals and polymer additive sector may find this IPO appealing, keeping a long-term investment horizon in mind.
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