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RNPL IPO

Renol Polychem Limited

IPO Doc

Start Date31-07-2025

Application Timing10am-5pm

Price Range₹100 - ₹105

Min Qty1200

Min. Investment₹120000

Listing Date07-08-2025

Close Date04-08-2025

About Renol Polychem Limited

Renol Polychem Ltd., incorporated in 2008, is a manufacturer and supplier of a wide range of polymer solutions including colour masterbatches, filler masterbatches, additive masterbatches, plastic pigments, and impact modifiers. These products are widely used in industries such as plastic packaging, automotive components, consumer goods, electricals, textiles, and agriculture.

The company’s offerings include specially formulated masterbatches for moulding, extrusion, and film applications. Their additive range includes UV stabilizers, antioxidants, slip agents, and flame retardants, enhancing the performance and durability of plastic products. As of September 30, 2024, the company had a lean team of 15 employees and is promoted by Mr. Bhaveshbhai Mansukhbhai Harsoda and Mr. Naitik Bhaveshbhai Harshoda.

Why To Invest in Renol Polychem Limited

Robust Financial Growth: The company recorded a 859% jump in revenue and 226% rise in PAT from FY24 to FY25, indicating strong business momentum.

Strong Margins: With a PAT margin of 8.02% and EBITDA margin of 11.36%, the company maintains healthy profitability.

Attractive Return Ratios: ROE of 45.37% and ROCE of 64.18% reflect efficient capital utilization and strong returns.

Diverse Product Portfolio: The company caters to multiple industries with a wide range of masterbatches and polymer compounds.

IPO Valuation: With a P/E ratio of 12.18 (post issue) and Price to Book Value of 4.32, the valuation appears competitive for a high-growth SME.

Financial Table

Period Ended	31 May 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	25.86	23.41	15.49	10.28
Revenue	12.02	62.56	6.52	41.86
Profit After Tax	1.14	5.00	1.53	0.73
EBITDA	1.60	7.07	2.18	1.14
Net Worth	14.47	13.33	8.69	2.71
Reserves and Surplus	8.98	7.84	3.20
Total Borrowing	5.28	6.95	2.58	5.36

Strengths And Risks

Impressive Financial Growth: Renol Polychem has shown a remarkable surge in performance, with revenue growing by 859% and PAT increasing by 226% between FY24 and FY25, reflecting strong business momentum.

Diversified Product Portfolio: The company offers a wide range of polymer products including colour, filler, and additive masterbatches catering to industries like packaging, automotive, consumer goods, electronics, and agriculture.

Experienced Promoters and Leadership: Led by promoters with deep domain expertise, the company benefits from strong strategic direction and industry insights.

Strong Customer and Vendor Relationships: Renol Polychem has built long-term relationships with its clients and vendors, ensuring stable demand and efficient supply chain operations.

Established Manufacturing Setup: The company operates with a reliable and established manufacturing facility capable of handling diversified production needs.

Limited Workforce: As of September 2024, the company has only 15 employees, indicating possible challenges in scaling operations quickly.

Industry Competition: The plastic and polymer masterbatch industry is highly competitive, with many established players, which could impact market share and pricing power.

SME IPO Liquidity Constraints: Being listed on NSE SME, the stock may witness lower trading volumes, leading to potential liquidity issues for investors.

Raw Material Price Volatility: Fluctuations in the prices of raw materials like polymers and chemicals could directly impact profitability and margins.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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ARN-35911

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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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RNPL IPO

About Renol Polychem Limited

Why To Invest in Renol Polychem Limited