Renol Polychem is India’s fastest growing Masterbatches manufacturer. Having years of Master Batch Industry Experience and located at rajkot (Gujarat) having fast access to capital of India via transport networks, shipping ports & easy access to raw materials. They continue to be the most reliable manufacturer of Masterbatches in India.

Renol Polychem, an Book Built Issue, amounting to ₹ 25.76 Crores, consisting entirely an Fresh Issue of 24.54 Lakh Shares. The subscription period for the Renol Polychem IPO opens on July 31, 2025, and closes on August 04, 2025. The allotment is expected to be finalized on or about Tuesday, August 05, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, August 07, 2025.

The Share Price Band of Renol Polychem IPO is set at ₹ 100 to ₹ 105 per equity share. The Market Capitalisation of the Renol Polychem at IPO price of ₹ 105 per equity share will be ₹ 83.41 Crores. The lot size of the IPO is 1,200 shares. Individual investors are required to invest a minimum of 2 lots (2,400 shares), amounting to ₹ 2,52,000.

CORPORATE MAKERS CAPITAL LIMITED is the book running lead manager of the Renol Polychem, while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue. Asnani Stock Broker Private Limited is the Market Maker for Renol Polychem IPO.

Renol Polychem Limited IPO GMP Today
The Grey Market Premium of Renol Polychem IPO is expected to be ₹ 6 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.

Renol Polychem Limited IPO Live Subscription Status Today: Real-Time Update
Renol Polychem IPO will be open for its subscription 31 July, 2025.

Renol Polychem IPO Anchor Investors Report
Renol Polychem has raised ₹ 25.76 Crores from Anchor Investors at a price of ₹ 105 per shares in consultation of the Book Running Lead Managers. The company allocated 24,54,000 equity shares to the Anchor Investors. Check Full List of Renol Polychem 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.

Renol Polychem Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
28 July 2025	₹ 105	₹ 111	₹ 6 (5.71%)	09:00 PM; 28 July 2025

Renol Polychem Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Renol Polychem IPO allotment date is 05 August, 2025, Tuesday. Renol Polychem IPO Allotment will be out on 5th August, 2025 and will be live on Registrar Website from the allotment date. Check Renol Polychem IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Renol Polychem 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 Renol Polychem Limited IPO
Renol Polychem to utilise the Net Proceeds towards the following objects: 
1. ₹ 560.00 Lakh is required to meet out the Capital Expenditure in requirements for the purchase of Machinery;
2. ₹ 100.00 Lakh is required Repayment of certain borrowings;
3. ₹ 1,515.00 Lakh is required to meet out the Working Capital Requirements and
4. To meet out the General Corporate Purposes.

Refer to Renol Polychem 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.

The Upcoming IPOs in this week and coming weeks are Highway Infrastructure, Flysbs Aviation, Part Electricals & Engineering, Jyoti Global Plast, M&B Engineering, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Takyon Networks, Mehul Colours, Aditya Infotech, Sri Lotus Developers & Realty, Lakshmi India Finance, Jyoti Global Plast, B.D. Industries (Pune), Kaytex Fabrics, NSDL.

The Current active IPO are Umiya Mobile, Repono, Shree Refrigerations, Sellowrap Industries, Shanti Gold International, Patel Chem Specialities, Brigade Hotel Ventures.

The Closed IPOs are Indiqube Spaces, GNG Electronics, TSC India, Monarch Surveyors & Engineering Consultants.

The Recently Listed IPOs which is available for trading in stock Market are Swastika Castal, Savy Infra, Monika Alcobev, Anthem Biosciences, Spunweb Nonwoven, Glen Industries, Chemkart India, Travel Food Services, Smarten Power Systems, Happy Square Outsourcing Services, Cryogenic OGS, Crizac and many more.

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About Renol Polychem Limited

BUSINESS OVERVIEW

Established initially as M/s Renol Enterprise, a partnership firm in 2008, the company transitioned into a private limited entity under the name Renol Polychem Private Limited on January 09, 2024. Headquartered in Rajkot, manufacturing operations commenced in 2020.

Renol Polychem is engaged in the manufacturing of colour masterbatches, colour pigments, filler granules, anti-moisture powder, carbon noodles, superpack & onepack, impact modifiers, processing aids, and titanium dioxide. The company also specializes in customized masterbatches and pigment solutions, tailored to meet specific industry requirements.

The product portfolio includes all-in-one additive solutions—comprising stabilizers, impact modifiers, and color pigments—designed for UPVC and CPVC pipes, pipe fittings, and various other plastic product manufacturers.

Operating on a B2B model, the company supplies its products directly to industrial and commercial manufacturers that use them as raw materials. Manufacturing began in August 2020 with Superpack & Onepack, Anti-Moisture Powder, and Colour Pigments, followed by Impact Modifier, Processing Aid, and Titanium Dioxide in September 2020, and subsequently, Filler Granules, Carbon Noodles, and Colour Masterbatches in October 2020.

Products are sold under the company’s in-house brand ‘RENOL’, though trading activities are conducted on an "as-is" basis without branding.

The company emphasizes customer satisfaction and performance excellence, supported by continuous improvements, strong infrastructure, and a dedicated team. Strategic diversification and capacity expansion have contributed to sustained growth.

A strong focus on quality control is maintained across all production stages—from raw material sourcing to final packaging—to ensure high product standards and customer satisfaction. Employee health, hygiene, safety, and regulatory compliance remain a key operational priority.

The total strength of manpower as on 31st March, 2025, is 15 employees excluding directors & the promoters. The Banker to the company is IndusInd Bank Limited.

INDUSTRY ANALYSIS

India Masterbatch Market Industry Overview

Market Size and Growth Outlook

The India Masterbatch Market was valued at USD 12.4 billion in 2023 and is projected to grow at a CAGR of 4.8%, reaching approximately USD 17.22 billion by 2030. Masterbatch refers to a concentrated blend of pigments, additives, or modifiers used in plastic processing to enhance color, properties, and processability. Its wide application across sectors such as packaging, automotive, construction, and agriculture is driving consistent market expansion.

The sector has witnessed remarkable growth, fueled by rising demand for plastic products, evolving manufacturing technologies, and supportive government policies promoting domestic manufacturing. The market ecosystem encompasses production, distribution, consumption, and trade, shaped by supply chain dynamics and technological innovation.

Market Drivers

1. Rising Demand in Key End-Use Industries

The increasing use of plastics in packaging, automotive, and construction is a primary driver of the masterbatch market in India.

• Automotive Sector: The surge in vehicle production has accelerated demand for masterbatches in both interior and exterior components.

• Construction and Infrastructure: Government-led initiatives like the Smart Cities Mission and increased infrastructure investments are spurring demand for masterbatch in applications like pipes, cables, and construction materials.

• Packaging Industry: Growth in packaged foods and beverages is prompting a surge in colorful, sustainable packaging, directly contributing to masterbatch demand.

2. Technological Advancements

Innovations such as bio-based, additive, and antimicrobial masterbatches are transforming the landscape. These technologies cater to evolving needs like improved hygiene in food packaging and increased product longevity.

3. Agriculture and Consumer Goods

• Agricultural Usage: Adoption of masterbatches in products like mulch films, greenhouse films, and irrigation systems is gaining traction.

• Consumer Goods: Growing demand for aesthetically appealing household items, toys, and appliances supports the use of specialized masterbatches.

4. Export Potential and R&D Focus

India’s cost-competitive manufacturing and emphasis on quality production have unlocked strong export opportunities. Additionally, significant investments in R&D for advanced formulations and tailored solutions are enabling further market penetration across global and domestic markets.

5. Government Support

Policies such as ‘Make in India’ and incentives for the plastics industry are fostering a favorable environment for manufacturers, enhancing overall industry growth.

Segment Analysis: Polymer Type

The India Masterbatch Market is segmented by polymer type, with Polyethylene (PE) and Polypropylene (PP) leading:

• Polyethylene (PE): Dominates the market due to its high versatility, ease of processing, and extensive use in packaging, agriculture, and consumer goods.

• Polypropylene (PP): Gaining momentum, especially in automotive, electrical, and construction applications due to its strong chemical and thermal resistance.

• Other Polymers: Though smaller in share, polymers such as ABS, PVC, and engineering plastics are finding niche applications, supported by advancements in specialized masterbatch formulations.

Regional Insights

1. Western India – The Market Leader

• Gujarat and Maharashtra lead due to their established industrial hubs, particularly in plastics, textiles, packaging, and automotive.

• Industrial zones such as Ankleshwar and Vapi, and manufacturing centers in Mumbai and Pune, significantly contribute to regional dominance.

2. Southern India – An Emerging Growth Hub

• States like Tamil Nadu and Karnataka are witnessing rapid growth in plastics, electronics, and automotive industries.

• Cities such as Chennai, Bengaluru, and Coimbatore are becoming key industrial clusters, providing a fertile ground for the masterbatch market to thrive.

Emerging Opportunities

1. Sustainable and Biodegradable Solutions

Growing environmental concerns and stricter regulations on single-use plastics are creating demand for eco-friendly masterbatches, including:

• Bio-based

• Compostable

• Oxo-degradable

These alternatives are helping address sustainability goals, aligning with evolving consumer preferences and global standards.

2. UV Masterbatch Segment Poised for High Growth

The UV masterbatch segment is expected to experience the highest growth rate through 2030. Increasing awareness of UV damage to plastics, along with regulatory mandates for UV protection, are driving adoption in outdoor plastic applications.

Conclusion

The India Masterbatch Market is on a strong growth trajectory, powered by diverse industrial applications, government policy support, export opportunities, and a shift toward sustainable solutions. With Western India leading current demand and Southern India emerging as a promising growth region, the industry is well-positioned to meet future challenges and capitalize on evolving opportunities.

BUSINESS STRENGTHS

1. Strong and Experienced Management
Led by Promoter Mr. Bhaveshbhai Mansukhbhai Harsoda, who brings over 15 years of expertise in the manufacturing and supply of color masterbatches and impact modifiers. The company is supported by a skilled management team with deep operational knowledge, enabling effective risk mitigation and strategic decision-making in a competitive market environment.

2. Diversified Product Portfolio
Offers a wide range of products, including color masterbatches, pigments, impact modifiers, and specialty additives, catering to a broad customer base across domestic and international markets. The transition from trading to manufacturing has expanded operational scope and positioned the company to meet evolving customer demands and launch future products within the same value chain.

3. Strong Vendor and Customer Relationships with Efficient Manufacturing
Maintains strategic vendor partnerships, emphasizes local sourcing, and operates an established manufacturing facility focused on cost efficiency and quality. Key initiatives include process optimization, reduced customer response time, and enhanced after-sales service—supporting long-term customer retention and operational excellence.

BUSINESS STRATEGIES

1. Geographic Expansion to Grow Clientele
Plans are in place to expand beyond the current base in Gujarat, aiming to enter new regional markets across India. This geographic diversification is expected to unlock new business opportunities and strengthen the client network.

2. Cost Reduction and Operational Efficiency
A continued focus on minimizing production waste, enhancing floor-level supervision, and optimizing processes is aimed at reducing operational costs and maintaining a cost-competitive edge in the market.

3. Technological Advancements for Improved Efficiency
With semi-automated manufacturing facilities and product-specific machinery, the company intends to upgrade technology infrastructure to improve asset productivity, streamline operations, and enhance its competitive position through the adoption of advanced equipment.

BUSINESS RISK FACTORS & CONCERNS

1. Client Concentration Risk
A substantial portion of revenue is dependent on a limited number of customers. As of May 31, 2025, the top ten clients accounted for approximately 34.36% of revenue. Loss of any major client may significantly impact business operations and profitability.

2. Regulatory and Environmental Impact
Operations involve the use of plastic-based raw materials, making the company vulnerable to stricter environmental regulations and potential bans on plastic usage. Regulatory changes aimed at reducing plastic pollution could necessitate increased capital expenditure or operational adjustments, potentially disrupting manufacturing activities.

3. Product Concentration Risk
Revenue is significantly derived from a limited range of products. Any decline in demand due to changing customer preferences, emergence of substitute products, or quality issues could adversely impact sales, profitability, and inventory management.

4. Geographic Concentration Risk
All operations are currently located in Gujarat. Any regional disruptions such as natural disasters, social unrest, or infrastructure strain due to rising competition could materially affect production and financial performance. Limited geographic diversification heightens exposure to localized risks.

Summary :
Renol Polychem faces risks associated with client concentration, environmental regulations, product dependence, geographic concentration, and shifting consumer preferences. These factors could significantly affect business continuity, profitability, and operational stability.