Renol Polychem Limited's IPO Set to Ignite India's Master-Batch Market
Renol Polychem Limited, a leading Indian manufacturer of master-batches, launches its IPO aimed at raising Rs. 25.77 crore. The funds will enhance machinery, expand operational capacity, and manage debts. Investors can subscribe between July 31 and August 4, 2025, with shares listing on the NSE SME Emerge platform.
- Country:
- United States
The Rajkot-based Renol Polychem Limited is launching its Initial Public Offering (IPO), valued at Rs 25.77 crore. Opening for subscription on July 31, 2025, the offering will remain accessible until August 4. Investors must consider the price range set between Rs 100 and Rs 105 per share.
The company aims to issue 24.54 lakh fresh shares with the minimum application requirement for retail investors being 2,400 shares. The fundraising is earmarked for purchasing machinery, addressing working capital needs, debt repayment, and corporate purposes. The company plans to list shares on the NSE SME Emerge platform on August 7, 2025.
Established in 2008, Renol Polychem continues to record strong earnings, driven by India's expanding master-batch market. With revenues climbing from Rs 52.26 crore to Rs 62.29 crore in recent years, the company is poised for further growth amidst burgeoning demands from various industrial sectors.
(With inputs from agencies.)
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