Today is the second day of the public offering by the Renol Polychem Limited IPO. The IPO was opened on July 31, 2025, is now on its second day of bidding (August 1, 2025). It is scheduled to close on August 4, 2025. The company is offering a fresh issue of 24.54 lakh equity shares, raising around ₹25.77 crore.
IPO Key Details at a Glance
- Issue Period: July 31 to August 4, 2025
- Price Band: ₹100 to ₹105 per share
- Lot Size: 1,200 shares
- Minimum investment: ₹2,52,000
- Issuer Allocation: Market maker portion 1,48,800 shares, Anchor allocation 3,84,000 shares, Retail quota 35% of issue size
- Book Running Lead Manager: Corporate Makers Capital Limited
- Sponsor Bank: ICICI Bank Limited
- Registrar: Skyline Financial Services Private Limited
Subscription Snapshot: Modest Uptake So Far
As of Day-2, overall subscription stands at approximately 1.88x, with segment-wise detail as follows:
- Retail Individual Investors (RII): 1.92x
- Non-Institutional Investors (NII): 3.37x
- Qualified Institutional Buyers (QIB): 0.74x
(Data: August 01, 2025 | 16: 55)
This represents steady interest from NIIs, while retail applications are still building momentum. QIB participation shows a very nominal subscription.
Company Overview & Financial Highlights
Renol Polychem Limited is a Rajkot based company founded in 2008. The company manufactures a range of specialty polymer compounds, including colour and filler masterbatches, additives, and pigments used across industries such as packaging, automotive, agriculture, and textiles.
(Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice. Investors are advised to read the Red Herring Prospectus and consult their financial advisors before making any investment decisions.)
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Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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