Neptune Petrochemicals has wrapped up its IPO allotment, following a solid 4.11x subscription. Investors can now check their allotment status through NSE, BSE, or MUFG Intime India. The stock is set to list on NSE SME on June 4, with an issue price of ₹122 per share.
Key Takeaways:
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Checking Allotment: Investors can visit NSE, BSE, or MUFG Intime India, entering their PAN or application number to check their status.
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Subscription Numbers: The IPO saw good demand, with QIBs subscribing 7.12x, NIIs 2.91x, while retail investor participation was more moderate.
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Listing Timeline: Shares will be credited to demat accounts by June 3, and trading starts on June 4 on NSE SME.
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Fund Usage: The company plans to invest ₹77 crore in production expansion, ₹14.7 crore for office space, and ₹4.2 crore in working capital.
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Financial Performance: Neptune Petrochemicals posted ₹19.47 crore in profit for the nine months ending December 2024, with a strong return on equity of 65%.
With decent investor interest, analysts expect Neptune Petrochemicals to see steady trading once it hits the market.
Sources: Economic Times, Business Standard, Mint News