Renol Polychem SME
Renol Polychem SME
Renol Polychem Limited, established in 2008 (manufacturing commenced in 2020), is a manufacturer and supplier of color masterbatches, color pigments, filler granules, anti-moisture powder, carbon noodles, superpack & onepack, impact modifier, processing AID, and titanium dioxide. The company specializes in customized masterbatches and pigments to suit specific customer requirements. They also offer all-in-one additive stabilizers, impact modifiers, and color pigments for the manufacturing of UPVC & CPVC pipes, pipe fittings, and other plastic products. Renol Polychem operates on a B2B model, selling and distributing its products directly to commercial and manufacturing organizations. They serve over 750 customers primarily in Gujarat (58.53% of revenue in FY24), Tamil Nadu (22.54%), Karnataka (14.60%), and other states.
Investment Timeline
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Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Capital Expenditure in requirements for the purchase of Machinery.
- Repayment of certain borrowings.
- To meet out the Working Capital Requirements.
- General Corporate Purposes.
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