75  Total SME IPOs listed in 2025

3,291.12 Crs.  Total funds raised in 2025

51  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

75  Total SME IPOs listed in 2025

3291.12 Crs.  Total funds raised in 2025

51  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

75  Total SME IPOs listed in 2025

3291.12 Crs.  Total funds raised in 2025

51  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

75  Total SME IPOs listed in 2025

3291.12 Crs.  Total funds raised in 2025

51  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Neptune Petrochemicals Limited IPO Analysis

Neptune Petrochemicals IPO is a Book Building listing on NSE EMERGE exchange, with an ipo size of ₹ 73.20 Cr. The company is based in Ahmedabad and caters to Chemical sector. Beeline Capital Advisors is the merchant banker of Neptune Petrochemicals IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th March 2025.

Neptune Petrochemicals IPO posted revenues of ₹ 819.09 crores and PAT of ₹ 25.95 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 819.09 Cr.
            EBITDA: ₹ 27.64 Cr.
            PAT: ₹ 25.95 Cr.
  • EBITDA Margin: 3.37 %
            Pat Margin: 3.17 %
  • Net Worth: ₹ 61.22 Cr.
  • Market Capitalisation: ₹ 276.37 Cr.
  • P/E: 10.65 times
  • P/BV: 2.06 times
  • EV/EBITDA: 9.47 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Neptune Petrochemicals IPO Financial Performance (Restated)

Financial results of Neptune Petrochemicals IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 117.00 120.95 107.88 97.50
Net Worth 61.22 31.89 11.08 0.69
Total Debt 0.16 [●] 5.11 [●]
Profit & Loss
Revenue
Revenue on annualised basis
614.32
819.09
667.73 707.82 81.16
EBITDA
EBITDA on annualised basis
20.73
27.64
20.27 12.96 -7.94
PAT
PAT on annualised basis
19.46
25.95
20.81 10.39 0.68
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
117.00
120.95
107.88
97.50

Net Worth
61.22
31.89
11.08
0.69

Total Debt
0.16
0.00
5.11
0.00

Profit & Loss
Revenue
Revenue on annualised basis
614.32
819.09
667.73
707.82
81.16

EBITDA
EBITDA on annualised basis
20.73
27.64
20.27
12.96
-7.94

PAT
PAT on annualised basis
19.46
25.95
20.81
10.39
0.68

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Neptune Petrochemicals IPO Key performance Indicators (KPI)

Neptune Petrochemicals IPO PAT Margin is 3.17 % , ROCE (Return on Capital Employed) is 55.97 % as per latest financial. The below table shows Neptune Petrochemicals IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 3.37 3.04 1.83 -9.78
PAT Margin (%) 3.17 3.12 1.47 0.84
EPS (₹) 12.26 13.87 6.92 1.03
ROE (%) 31.79 65.26 93.77 98.55
ROCE (%) 55.97 117.86 170.40 265.48
ROA (%) 16.63 17.21 9.63 0.70
Debt to Equity 0.00 [●] 0.46 [●]
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
3.37
3.04
1.83
-9.78

PAT Margin (%)
3.17
3.12
1.47
0.84

EPS (₹)
12.26
13.87
6.92
1.03

ROE (%)
31.79
65.26
93.77
98.55

ROCE (%)
55.97
117.86
170.40
265.48

ROA (%)
16.63
17.21
9.63
0.70

Debt to Equity (x)  
0.00
[●]
0.46
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Neptune Petrochemicals IPO Valuation Metrics

The market Capitalisation of Neptune Petrochemicals IPO is ₹ 276.37 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
276.37

Enterprise Value (EV) (₹ Cr.):
261.71

EV/EBITDA (times) :
9.47

PE Multiple (times) :
10.65

P/B (times) :
2.06

NAV (₹) :
36.77

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Neptune Petrochemicals prospectus?

The Neptune Petrochemicals IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Neptune Petrochemicals IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Neptune Petrochemicals IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Neptune Petrochemicals IPO ?

The post-IPO market capitalisation of Neptune Petrochemicals IPO is ₹ 276.37 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Neptune Petrochemicals IPO?

The Neptune Petrochemicals IPO has a Price-to-Earnings (PE) ratio of 10.65 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Neptune Petrochemicals IPO?

Neptune Petrochemicals IPO reported revenue of ₹ 819.09 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Neptune Petrochemicals IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Neptune Petrochemicals IPO?

Neptune Petrochemicals recorded an EBITDA of ₹ 27.64 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Neptune Petrochemicals IPO?

Neptune Petrochemicals Profit After Tax (PAT) is ₹ 25.95 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 819.09 Cr.
            EBITDA: ₹ 27.64 Cr.
            PAT: ₹ 25.95 Cr.
  • EBITDA Margin: 3.37 %
            Pat Margin: 3.17 %
  • Net Worth: ₹ 61.22 Cr.
  • Market Capitalisation: ₹ 276.37 Cr.
  • P/E: 10.65 times
  • P/BV: 2.06 times
  • EV/EBITDA: 9.47 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Neptune Petrochemicals operates in Chemical and Manufacturing And Trading Of A Comprehensive Range Of Bitumen Products, Bitumen Emulsions And Allied Products. The Issue is listed on NSE EMERGE in Jun, 2025. Neptune Petrochemicals IPO size was 73.20 with Issue price of 122.00 .

Neptune Petrochemicals IPO subscription was 4.11 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Neptune Petrochemicals IPO listed at a listing price of 139.50 against the offer price of 122.00.

The current market price of Neptune Petrochemicals is 146.45.

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