Renol Polychem Limited is a specialized manufacturer and supplier of colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, and pigments, offering comprehensive polymer solutions to a wide range of industries.
The company’s diverse product portfolio includes:
- Colour Masterbatches: Available in green, red, yellow, orange, pink, blue, brown, violet, ivory, white, maroon, silver, multicolor, and black. These are specially formulated for plastic moulding, extrusion, and film applications.
- Filler Masterbatches: Transparent plastic filler masterbatches, as well as talc and calcium carbonate-based fillers, designed to improve cost efficiency and enhance mechanical properties in plastic products.
- Additive Masterbatches: UV stabilizers, antioxidants, slip and anti-block agents, processing aids, and flame retardants to support advanced performance needs.
- Polymer Compounds & Pigments: High-performance plastic pigments and polymer modifiers that increase strength, flexibility, and durability.
Renol’s products are widely used by manufacturers of UPVC and CPVC pipes, pipe fittings, and other plastic components. Beyond this, they serve key sectors like:
- Plastic packaging (flexible and rigid)
- Automotive components
- Household and consumer goods
- Electrical and electronics
- Textiles and fibers
- Agricultural films and pipes
With a focus on custom formulations and quality consistency, Renol Polychem helps industries meet evolving product and regulatory demands.
As of September 30, 2024, the company employed a dedicated team of 15 people across production, quality control, sales, and administration.
Renol Polychem IPO – Details
| IPO Opening Date | 31 July 2025 |
| IPO Closing Date | 04 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 24,54,000 Shares Worth ₹25.77 Crore Fresh Issue: 24,54,000 Shares Worth ₹25.77 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 – ₹105 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Renol Polychem IPO – Date Schedule
| IPO Open Date | 31 July 2025 |
| IPO Close Date | 04 August 2025 |
| Basis of Allotment | 05 August 2025 |
| Initiation of Refund | 06 August 2025 |
| Credit of Shares to Demat | 06 August 2025 |
| IPO Listing Date | 07 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 04, 2025 |
Renol Polychem IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,52,000 |
| 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 |
Competitive Strengths
- Rich management experience.
- Diversified product range appealing to a wide range of customers.
- Cordial relationship with the customers/ vendors and established manufacturing facility.
Company Promoters
- Mr. Bhaveshbhai Mansukhbhai Harsoda
- Mr. Naitik Bhaveshbhai Harshoda.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹41.86 Cr | ₹40.88 Cr | ₹0.73 Cr | ₹5.36 Cr |
| 31 March 2024 | ₹52.54 Cr | ₹46.97 Cr | ₹3.94 Cr | ₹12.36 Cr |
| 31 March 2025 | ₹62.56 Cr | ₹55.89 Cr | ₹4.99 Cr | ₹6.95 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.50% |
| ROCE | 37.42% |
| Debt/Equity | 0.30 |
| RoNW | 27.50% |
| PAT Margin | 23.78% |
| Price to Book Value | 6.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.79 | 5.53 |
| P/E (x) | 37.58 | 18.99 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure in requirements for the purchase of Machinery. | ₹5.60 |
| Repayment of certain borrowings. | ₹1.00 |
| To meet the Working Capital Requirements. | ₹15.15 |
| General Corporate Purposes. |
✅Strengths
- Wide range of masterbatches and additives for diverse plastic industries.
- Strong customer relationships and repeat orders.
- Experienced promoters and quality-focused production.
⚠️Risks
- Dependence on a few key customers and team members.
- Intense market competition.
- Regulatory changes or plastic bans could impact demand.
Renol Polychem IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 69.11% |
Renol Polychem IPO Prospectus
Company Contact Information
| Renol Polychem Ltd. 307, Sanskar Heights NR RA Circle 150 FT Ring RD, Mavdi, Rajkot, Gujarat, 360004 Phone: +91- 9723780726 Email: compliance@renolpolychem.com Website: https://www.renolpolychem.com/ |
Renol Polychem IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Renol Polychem IPO Lead Manager(s)
| 1. Corporate Makers Capital Ltd. |
Renol Polychem IPO FAQ
| What is Renol Polychem IPO? Renol Polychem IPO is an SME IPO. The issue is priced at ₹100 to ₹105 per equity share. The IPO is to be listed on NSE SME. |
| When Renol Polychem IPO will open? The IPO is to open on 31 July 2025 for QIB, NII, and Retail Investors. |
| What is Renol Polychem IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Renol Polychem IPO? You can apply Renol Polychem IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Renol Polychem IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Renol Polychem IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Renol Polychem IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Renol Polychem IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Renol Polychem IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Renol Polychem IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Renol Polychem IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Renol Polychem IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Renol Polychem IPO Size? Renol Polychem IPO size is ₹25.77 Crore. |
| What is the Renol Polychem IPO Price Band? Renol Polychem IPO Price Band is ₹100 to ₹105. |
| What is Renol Polychem IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,52,000 amount, while the maximum bid is 2400 Shares with ₹2,52,000. |
| What is the Renol Polychem IPO Allotment Date? Renol Polychem IPO allotment date is 05 August 2025. |
| What is the Renol Polychem IPO Listing Date? Renol Polychem IPO listing date is 07 August 2025. The IPO is to be listed on the NSE SME. |
