Renol Polychem has debuted its IPO, but the reception on the NSE SME was less than thrilling. The share price took a 5% dive, hitting the lower circuit limit right away.

Renol Polychem IPO listing: On Thursday, August 7, Renol Polychem's share price made its debut on the NSE SME, but it started off on a flat note due to some weak market sentiment, largely fueled by concerns over Trump tariffs. The stock opened right at its issue price of ₹105. However, after that initial flat opening, it experienced a significant selloff, which pushed it down to its 5 percent lower circuit limit of ₹99.75. By around 11:10 AM, the stock was firmly locked in at that lower circuit. The listing didn't quite meet the expectations set by the grey market, which had anticipated the stock would debut at ₹108. Renol Polychem offers a wide variety of raw materials, such as color 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 caters exclusively to industrial and commercial clients, supplying crucial inputs for the production of plastic products.

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