Neptune Petrochemicals is engaged in the business of manufacturing and trading of a comprehensive range of bitumen products, bitumen emulsions and allied products. With a diverse product portfolio that includes various grades of bitumen, modified bitumen like Polymer Modified Bitumen, Crumb Rubber based modified bitumen and oils, it serves a broad range of industries, particularly the construction and industrial applications.

Neptune Petrochemicals, an Book Built Issue Issue amounting to ₹ 73.2 Crores, consisting entirely an Fresh Issue of 60.00 Lakh Shares. The subscription period for the Neptune Petrochemicals IPO opens on May 28, 2025, and closes on May 30, 2025. The allotment is expected to be finalized on or about Monday, June 02, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Wednesday, June 04, 2025.

The Share Price Band of Neptune Petrochemicals IPO is set at ₹ 115 to ₹ 122 per equity share. The Market Capitalisation of the Neptune Petrochemicals Limited at IPO price of ₹ 122 per equity share will be ₹ 276.37 Crores. The lot size of the IPO is 1,000 shares. Retail investors are required to invest a minimum of ₹ 1,22,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,000 shares), amounting to ₹ 2,44,000.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager of the Neptune Petrochemicals IPO, while MUFG Intime India Private Limited is the registrar for the issue. Spread X Securities Private Limited is the Market Maker for Neptune Petrochemicals IPO.

Neptune Petrochemicals Limited IPO GMP Today
The Grey Market Premium of Neptune Petrochemicals Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only

Neptune Petrochemicals Limited IPO Live Subscription Status Today: Real-Time Update
As of 10:30 AM on 28 May, 2025, the Neptune Petrochemicals Limited IPO live subscription status shows that the IPO subscribed 0.03 times on its First day of subscription period. Check the Neptune Petrochemicals IPO Live Subscription Status Today at NSE.

Neptune Petrochemicals IPO Anchor Investors Report
Neptune Petrochemicals has raised ₹ 20.84 Crores from Anchor Investors at a price of ₹ 122 per shares in consultation of the Book Running Lead Managers. The company allocated 17,09,000 equity shares to the Anchor Investors. Check Full List of Neptune Petrochemicals Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Neptune Petrochemicals Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
22 May 2025	₹ 122	₹ 122	₹ 0 (0.00%)	02:00 PM; 22 May 2025

Neptune Petrochemicals Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Neptune Petrochemicals IPO allotment date is 02 June, 2025, Monday. Neptune Petrochemicals IPO Allotment will be out on 2nd June, 2025 and will be live on Registrar Website from the allotment date. Check Neptune Petrochemicals IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Neptune Petrochemicals Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Neptune Petrochemicals Limited IPO
Neptune Petrochemicals proposes to utilise the Net Proceeds towards the following objects: 
1) ₹ 515.10 Lakh is required for Funding capital expenditure requirement towards installation of additional plant and machinery and related infrastructure;
2. ₹ 1,474.58 Lakh is required for Funding the capital expenditure for purchase of office space;
3. ₹ 4,200.00 Lakh is required for Funding Working Capital Requirement;
4. General Corporate Purpose

Refer to Neptune Petrochemicals Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Neptune Petrochemicals Limited

Business Overview

Neptune Petrochemicals is engaged in the manufacturing and trading of a comprehensive range of bitumen products, bitumen emulsions, and allied petrochemical products. The product portfolio includes various grades of bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), and fuel oils, serving road construction and industrial sectors.

The company sources high-quality bitumen and oils from reputable suppliers, ensuring reliability and performance. It operates manufacturing facilities across India, equipped with both traditional and automated bitumen decanters, and a fully automatic batch-type Bitumen Emulsion Plant capable of processing all grades of bitumen.

With a market-focused strategy, Neptune Petrochemicals tailors its offerings to the needs of road infrastructure and industrial applications, allowing rapid adaptation to market demands. Extensive industry experience supports informed decision-making, strong supplier ties, and compliance with regulatory standards.

Core strengths include efficient production planning, robust quality control, and timely delivery of products that meet industry benchmarks. The company maintains a presence in India, Nepal, and Bhutan, contributing to regional infrastructure growth.

A focus on continuous improvement, customer satisfaction, and strategic expansion positions Neptune Petrochemicals as a reliable name in the petrochemical industry. As on March 31, 2025 the Company has 68 employees on payroll. The Banker to the Company is Yes Bank Limited.

Industry Analysis

The Petrochemical Industry: A Comprehensive Overview

The petrochemical industry plays a pivotal role in the global economy by converting crude oil and natural gas into a wide range of essential products. These petrochemicals serve as the foundational elements for countless applications, including plastics, synthetic fibers, detergents, pharmaceuticals, and agricultural chemicals.

In recent decades, the sector has experienced significant growth fueled by urbanization, rising disposable incomes, and population expansion. Asia, particularly China, has emerged as a leading hub for both production and consumption. However, regional disparities persist, with certain areas heavily reliant on petrochemical imports.

Key industry drivers include crude oil pricing, natural gas availability, and evolving government regulations. As a whole, the industry continues to serve as a manufacturing powerhouse that produces vital inputs for modern living.

Key Petrochemical Segments

• Olefins (Ethylene, Propylene): Crucial raw materials for producing plastics, synthetic rubber, and various chemicals.

• Aromatics (Benzene, Toluene, Xylene): Fundamental to the production of fibers, solvents, dyes, and more.

• Bitumen: A viscous hydrocarbon used primarily in road construction, as well as in roofing and waterproofing applications.

• Synthetic Rubber: Widely used in tires and a variety of rubber-based products.

• Lubricating Oils: Petroleum-derived oils that minimize friction and wear in machinery.

• Plastics (PE, PP, PVC, PS): Versatile polymers employed across packaging, construction, automotive, and consumer goods sectors.

Sustainability and Transformation

As environmental concerns grow, the petrochemical industry is undergoing a major transformation. Companies are increasingly adopting eco-friendly technologies, aiming to reduce their carbon footprints and resource consumption. The push toward sustainability is driving innovation in green materials and production processes to ensure long-term viability.

Bitumen: A Petrochemical Derivative with Expanding Applications

Bitumen, a thick, sticky petroleum product, is essential to the construction and infrastructure industries. Derived from the heavier fractions of crude oil during the refining process, bitumen is predominantly used in road construction, waterproofing, and insulation.

Global Market Overview

The global bitumen market has seen robust growth driven by rapid urbanization, increasing transportation needs, and massive infrastructure development. China and India, in particular, are leading consumers due to their expanding economies and large-scale public projects. Meanwhile, the Middle East remains a key producer thanks to abundant crude oil reserves.

Market dynamics are shaped by factors such as:

• Fluctuating crude oil prices

• Government policies and infrastructure investments

• Technological advancements

• Environmental regulations

Major players include integrated oil companies and specialized bitumen producers who are investing heavily in R&D to enhance product performance and sustainability.

Market Forecast

The global bitumen market is expected to grow from USD 135.10 billion by 2030, at a CAGR of 3.49% from 2022 to 2030. The increase in infrastructure projects, especially in emerging markets, is a major growth driver.

Key Segment Insights

• Paving-grade Bitumen held over two-thirds of the market in 2022 and is projected to grow at a 3.3% CAGR.

• The road construction segment accounted for over three-fourths of the market and is projected to grow at a 3.7% CAGR.

These trends are reinforced by large investments in highways, airports, and transportation systems by governments and international development organizations such as the World Bank and Asian Development Bank.

Petrochemical Market Trends: Advanced Bitumen Products Lead the Way

A notable shift is occurring in the petrochemical sector with the rise of advanced bitumen products like:

• Polymer Modified Bitumen (PMB)

• Crumb Rubber Modified Bitumen (CRMB)

• Bitumen Emulsions

These materials are gaining traction in high-performance applications such as road surfacing and waterproofing. Enhanced durability, resistance to heavy traffic, and performance under extreme weather conditions make these products ideal for modern infrastructure needs.

Regional Trends

Asia-Pacific dominates global bitumen consumption, particularly India and China, due to their aggressive infrastructure agendas. Projects like industrial corridors in India are increasing the demand for specialized bitumen products.

Market Value of PMB

The polymer modified bitumen market was valued at USD 9.5 billion in 2016 and is expected to reach USD 14 billion by 2024, growing at a CAGR of over 4%.

India’s Bitumen Market Outlook to 2032

India is experiencing significant momentum in its bitumen market, driven by ambitious infrastructure projects and urbanization. The government’s initiatives, such as “Housing for All”, have led to increased construction activity, further propelling bitumen demand.

Market Size and Forecast

• Market Size (2022): USD 4.6 billion

• Projected Value (2032): USD 6.8 billion

• Growth Rate: CAGR of 4.0% (2023–2032)

Product and Application Segments

• Types: Paving grade, oxidized, polymer-modified, emulsions, and others.

• Applications: Road construction, waterproofing, and miscellaneous uses.

Bitumen’s physical characteristics—adhesion, water resistance, hardness, and viscosity—make it a preferred material in a wide range of infrastructure applications

Business Strengths

1. Diverse Product Portfolio
Neptune Petrochemicals offers a comprehensive range of products including various grades of bitumen, bitumen emulsions, modified bitumen (PMB, CRMB), and fuel oils. This product diversity enables the company to serve multiple industries such as construction, roads, highways, and industrial applications, while also mitigating risks associated with market dependency. A one-stop solution approach simplifies customer procurement and strengthens client relationships.

2. Industry Experience
Years of experience in the petrochemical sector have equipped the company with a strong understanding of market trends, regulatory frameworks, and customer needs. This expertise supports informed decision-making, operational efficiency, and the consistent delivery of quality products, enhancing the company’s credibility and long-term partnerships.

3. Focused Market Segmentation
By targeting specific sectors like road construction and industrial applications, Neptune Petrochemicals ensures that its products remain relevant, customized, and responsive to market shifts. This strategy enhances resource efficiency, customer loyalty, and competitive agility.

4. Effective Production Planning
Robust planning practices, including demand forecasting and supplier coordination, enable the company to maintain timely production, reduce waste, and control costs. Consistent output in large volumes while maintaining quality builds customer trust and operational resilience.

5. Capacity to Meet Peak Demand
The company is equipped with production capabilities designed to fulfill large-scale orders, especially during peak infrastructure seasons. This capacity ensures reliable supply for time-sensitive projects, positioning Neptune Petrochemicals as a preferred partner for bulk procurement.

6. Commitment to Quality
A focus on product quality, timely delivery, and responsive customer service underpins the company’s ability to maintain long-standing client relationships. Dependable service and consistent performance foster customer loyalty and support sustainable growth in a competitive market

Business Strategies

1. Process Optimization
Continuous efforts are made to enhance production efficiency by identifying and eliminating workflow bottlenecks. Implementation of best practices, integration of appropriate technology, and regular evaluations ensure optimal resource utilization, reduced waste, and consistent product quality.

2. Rigorous Testing Protocols
Strict testing protocols are implemented across all production stages, from raw material selection to final output, in line with IS Standards. Quality checks are conducted in a NABL-certified laboratory to ensure reliability and safety, reinforcing customer trust and product consistency.

3. Manufacturing Facility Expansion
Planned expansion and modernization of manufacturing facilities aim to increase capacity and improve product quality. Upgrades include advanced machinery and optimized layouts to streamline operations, align with industry standards, and meet rising market demand.

4. Operational Efficiency & Productivity
Focus remains on reducing operating costs through process improvements, effective resource allocation, and careful supply chain management. Enhanced productivity and minimized expenditures support profitability and market competitiveness.

5. Customer Relationship Management
Strong relationships with existing clients are prioritized alongside the expansion of the customer base. Reliable service and timely delivery foster loyalty and trust, supporting sustained revenue growth and a solid industry reputation.

6. Strategic Location of Manufacturing Units
Manufacturing facilities are strategically located near high-demand regions to minimize transportation time, reduce storage and heating costs, and address logistical challenges. This proximity enables timely, cost-effective delivery of bitumen products across larger geographic areas

Business Risk Factors and Concerns

1. Dependence on International Suppliers
Heavy reliance on international suppliers for raw bitumen and petroleum oils exposes operations to geopolitical risks, trade restrictions, and logistical challenges. Disruptions in global supply chains can impact procurement timelines, production continuity, and financial performance.

2. Revenue Dependency on Trading
A substantial portion of revenue stems from trading bitumen and allied products, making the business vulnerable to price volatility, supply chain issues, and demand fluctuations. Unlike manufacturing, trading offers limited control over input costs and profit margins.

3. Crude Oil Price Volatility
Bitumen pricing is directly influenced by crude oil prices, as it is a refining byproduct. Sharp changes in crude prices can lead to significant cost variations, pressuring margins and affecting profitability if increased costs cannot be passed on to customers.

Neptune Petrochemicals faces key risks from external dependencies—particularly on international suppliers, global crude oil price movements, and reliance on trading-based revenue. These factors contribute to potential volatility in operations, margins, and overall financial stability.