The Renol Polychem IPO opened today, July 31, 2025, and is already showing decent traction from Non-Institutional Investors. With a ₹25.77 crore issue size and ₹18 GMP, it could deliver a 17% listing gain if the current grey market sentiment holds.
Let’s break down all the important details you should know before applying.
Renol Polychem IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | July 31, 2025 |
| IPO Close Date | August 4, 2025 |
| Basis of Allotment | August 5, 2025 |
| Refunds Initiated | August 6, 2025 |
| Listing Date (Tentative) | August 7, 2025 |
Renol Polychem IPO Issue Details
| Detail | Information |
|---|---|
| IPO Type | SME IPO (Book Built) |
| Total Issue Size | ₹25.77 crore |
| Issue Structure | 100% Fresh Issue (24.54 lakh shares) |
| Price Band | ₹100 – ₹105 |
| Face Value | ₹10 per share |
| Lot Size (Retail) | 1,200 shares |
| Minimum Investment (Retail) | ₹2,52,000 (2 lots = 2,400 shares) |
| Lead Manager | Corporate Makers Capital Ltd. |
| Registrar | Skyline Financial Services |
High minimum investment may discourage small retail investors.
Renol Polychem IPO Subscription Status
| Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.00x |
| Non-Institutional Investors (NII) | 2.84x |
| Retail Individual Investors (RII) | 0.82x |
| Overall | 1.07x |
Strong interest from NIIs indicates early confidence.
Renol Polychem IPO Grey Market Premium (GMP)
- GMP as of July 31, 2025: ₹18 per share
- Estimated Listing Price: ₹123
- Expected Gain: ~17.14% over upper price band (₹105)
About the Company
Renol Polychem Limited is based in Rajkot and manufactures color and plastic masterbatches as well as industrial chemicals, mainly catering to the plastics industry.
- Supplies chemicals for coloring, processing, and performance enhancement of plastic products.
Renol Polychem Key Financials (FY25 up to May)
| Metric | Value |
|---|---|
| Revenue | ₹12.02 crore |
| Profit After Tax | ₹1.14 crore |
| Net Worth | ₹14.47 crore |
Profit margins are moderate but consistent for a growing SME.
Anchor Investors
| Investor | Shares Allotted |
|---|---|
| Persistent Growth Fund | 96,000 |
| Generational Capital Breakout | 96,000 |
| North Star Opportunities | 96,000 |
| Compact Structure Fund | 96,000 |
Anchor participation builds market trust and early momentum.
Use of IPO Funds
The company plans to utilize IPO proceeds for:
- Purchasing new machinery
- Repayment of borrowings
- Working capital needs
How to Apply Renol Polychem IPO
You can apply through:
- ASBA via your net banking
- UPI through brokers like Zerodha, AngelOne, Groww, etc.
Final Thoughts – Should You Apply?
The Renol Polychem IPO is attracting good interest, especially from non-institutional investors. Its grey market premium (GMP) suggests a possible 17% listing gain, and the presence of anchor investors adds early credibility. However, retail investors should take note of the high minimum investment of ₹2.52 lakh, which may not suit everyone.
Here’s a quick summary to help you decide:
Positives:
- Good GMP of ₹18 hints at a solid listing
- Strong demand from NIIs
- Backed by well-known anchor investors
- Operates in a growing plastic chemicals segment
Things to Watch:
- High entry cost for retail investors
- SME stocks are generally more volatile
- Lower initial retail subscription on Day 1
If you’re an HNI or seasoned investor looking for SME exposure, this IPO may offer good short-term listing gains. Retail investors should be cautious and only invest if the risk and investment size fit their comfort level.
