1. At a Glance
Renol Polychem is launching a ₹25.77 Cr SME IPO (fully fresh issue of 24.54 lakh shares at ₹100–₹105). Retail investors need to invest ₹2.40 lakh (2 lots) to enter. Opens July 31, closes August 4, and lists on NSE SME by August 7, 2025. Financials show jaw-dropping growth—question is, can it last?
2. Introduction
From colour masterbatches to impact modifiers, this Rajkot-based company has turned its pigments into profits. FY25 revenue shot up 859% and PAT soared 226%. Either they found a goldmine in plastics or FY24 was an accidental snooze. Priced attractively, but will the shine fade?
3. Business Model – WTF Do They Even Do?
Renol Polychem makes:
- Colour masterbatches (green, red, blue, multicolour, etc.)
- Filler masterbatches (talc, calcium carbonate blends)
- Additive masterbatches (UV stabilisers, flame retardants)
- Polymer compounds & pigments
Clients
