Renol Polychem IPO listing: Renol Polychem share price debuted flat on the NSE SME on Thursday, August 7, amid weak market sentiment on worries over Trump tariffs. Renol Polychem stock opened at par its issue price of ₹105. After a flat opening, the stock saw a sharp selloff which dragged it its 5 per cent lower circuit of ₹99.75. Around 11:10 AM, the stock was locked in its 5 per cent lower circuit.
The stock’s listing was below what the grey market was expecting. As per grey market sources, the stock was expected to list at ₹108.
Renol Polychem supplies a diverse range of raw materials, including colour masterbatches, pigments, filler granules, anti-moisture powders, carbon noodles, superpack and onepack solutions, impact modifiers, processing aids, and titanium dioxide.
Operating on a B2B model, the company serves industrial and commercial clients exclusively, providing essential inputs for the manufacturing of plastic products.
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