Neptune Petrochemicals IPO, launched under the SME IPO category, opens from May 28 to May 30, 2025.
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The book-built issue of ₹73.20 Cr from Neptune Petrochemicals Limited IPO offers 60 lakh fresh equity shares at a price band of ₹115–₹122 per share. As of today, the Neptune Petrochemicals IPO price today sits at the upper end of the band, reflecting solid investor interest in this bitumen products manufacturer. The expected allotment date is June 2, 2025, with listing anticipated on June 4, 2025, at the NSE SME platform. With a minimum lot size of 1,000 shares, retail investors can participate with a single lot investment of ₹122,000.
Neptune Petrochemicals IPO GMP is currently ₹0, indicating a neutral grey market sentiment ahead of listing. Founded in October 2021, Neptune manufactures various bitumen grades—including polymer-modified and crumb-rubber-modified variants—across three plants in Ahmedabad, Panipat, and Kamrup. Certified to ISO and OHSAS standards, the company serves construction and industrial clients in India and exports to Nepal and Bhutan. Proceeds will fund working capital needs, new plant machinery, and infrastructure, positioning the company for scalable growth amid robust demand for road and building materials.
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