Archive · 31 Jul 2025
Renol Polychem IPO Opens: Subscribed Nearly 1x on First Day
Renol Polychem, a company making materials for plastic products, is offering shares to the public for the first time to raise money.
This is called an IPO, and it began on July 31st.
They hope to get about ₹25.77 crore, which will be used to expand, pay off loans, and run the business.
You can buy the shares at ₹100-105 each.
The IPO is doing well, with strong interest from investors.
Renol Polychem launched an IPO on July 31st.
The IPO aims to raise ₹25.77 crore through a fresh issue of shares.
Funds will be used for capital expenditure, debt repayment, working capital, and corporate purposes.
The IPO's price band is ₹100-105 per share, with a lot size of 1,200 shares.
The IPO was subscribed 92% on its first day, with a GMP of ₹18.
- Who
- Renol Polychem, a supplier of materials for plastic products, is offering the IPO.
- What
- Renol Polychem launched an IPO.
- When
- The IPO opened for subscription on July 31st and will close on August 4th.
- Where
- N/A
- Why
- To fund capital expenditure, repay debts, meet working capital needs and other general corporate purposes.
- Company
- Renol Polychem
- IPO Open Date
- July 31
- Closing Date
- August 4
- Price Band
- ₹100-105 per share
- Issue Size
- ₹25.77 crore
- Subscription Status (Day 1)
- 92%
- GMP
- ₹18
- Lot Size
- 1,200 shares
