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84. Eagleye  May 9, 2019 21:04 Reply

Neogen Chemicals Limited IPO

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 09th May 2019)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Sterling and Wilson Solar >>> DRHP date 15-Apr-19
2) Bajaj Energy >>> DRHP date 05-Apr-19
3) Annai Infra Developers >>> DRHP date 30-Mar-19
4) Satyasai Pressure Vessels >>> DRHP date 15-Mar-19
5) Powerica >>> DRHP date 08-Mar-19
6) Reliance General Insurance Co. >>> DRHP date 08-Feb-19
7) Penna Cement Industries >>> DRHP date 05-Nov-18
8) Emami Cement >>> DRHP date 12-Oct-18
9) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
10) Angel Broking >>> DRHP date 05-Sep-18


B) SEBI Approval *Received* *(within the past 5 months)*:

1) Shriram Properties >>> SEBI Approval 09-Apr-19
2) T & T Infra >>> SEBI Approval 22-Mar-19
3) Coldex >>> SEBI Approval 15-Mar-19
4) Antony Waste Handling >>> SEBI Approval 08-Mar-19
5) Senco Gold >>> SEBI Approval 06-Mar-19
6) Heranba Industries >>> SEBI Approval 22-Feb-19
7) Vishwaraj Sugar Industries >>> SEBI Approval 15-Feb-19
8) Uniparts India >>> SEBI Approval 01-Feb-19
9) Stove Kraft >>> SEBI Approval 23-Jan-19
10) Chartered Speed >>> SEBI Approval 11-Jan-19
11) Narmada Biochem >>> SEBI Approval 02-Jan-19
12) Prince Pipes And Fittings >>> SEBI Approval 28-Dec-18
13) Studds Accessories >>> SEBI Approval 14-Dec-18


C) SEBI Approval *Received* *(>5 months ago)*:

14) Shyam Metallics and Energy >>> SEBI Approval 07-Dec-18
15) Flair Writing Industries >>> SEBI Approval 30-Nov-18
16) Neccon Power & Infra >>> SEBI Approval 29-Nov-18
17) Inventia Healthcare >>> SEBI Approval 22-Nov-18
18) Xelpmoc Design and Tech >>> SEBI Approval 20-Nov-18
19) Zircon Technologies >>> SEBI Approval 12-Nov-18
20) Sansera Engineering >>> SEBI Approval 12-Nov-18
21) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18
22) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18
23) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
24) Harsha Engineers >>> SEBI Approval 19-Oct-18
25) Affle India >>> SEBI Approval 19-Oct-18
26) Dodla Dairy >>> SEBI Approval 17-Oct-18
27) Bharat Hotels >>> SEBI Approval 12-Oct-18
28) Spandana Spoorthy Financial >>> SEBI Approval 12-Oct-18
29) ASK Investment Managers >>> SEBI Approval 05-Oct-18
30) Muthoot Microfin >>> SEBI Approval 05-Oct-18
31) Puranik Builders >>> SEBI Approval 05-Oct-18
32) Nihilent>>> SEBI Approval 01-Oct-18
33) Aakash Educational Services >>> SEBI Approval 28-Sep-18
34) Ami Organics >>> SEBI Approval 28-Sep-18
35) Century Metal Recycling>>> SEBI Approval 27-Sep-18
36) Anmol Industries >>> SEBI Approval 21-Sep-18


D) SEBI Approval *Received* *(>8 months ago)*:

37) Indiamart Intermesh >>> SEBI Approval 14-Sep-18
38) Avana Logistek >>> SEBI Approval 14-Sep-18
39) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18
40) Srei Equipment Finance >>> SEBI Approval 07-Sep-18
41) Penver Products >>> SEBI Approval 05-Sep-18
42) Vectus Industries >>> SEBI Approval 31-Aug-18
43) Milltec Machinery >>> SEBI Approval 30-Aug-18
44) Craftsman Automation >>> SEBI Approval 24-Aug-18
45) Route Mobile >>> SEBI Approval 16-Aug-18
46) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
47) SembCorp Energy India >>> SEBI Approval 01-Aug-18
48) Montecarlo >>> SEBI Approval 31-Jul-18
49) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
50) ReNew Power >>> SEBI Approval 18-Jul-18
51) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
52) G R Infraprojects >>> SEBI Approval 11-Jul-18
53) K P R Agrochem >>> SEBI Approval 10-Jul-18
54) Lodha Developers >>> SEBI Approval 06-Jul-18
55) Shakun Polymers >>> SEBI Approval 05-Jul-18
56) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
57) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
58) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
59) Sandhya Marines >>> SEBI Approval 12-Jun-18
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83. Eagleye  Apr 18, 2019 13:22 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO

Price Band of 213-215 is too high.
Also, it is a tiny issue size.
Hence, it has limited appeal for seasoned players.

I am not going to waste my time to analyse this IPO any further.
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83.3. Sagar Hirani  Apr 25, 2019 15:44

Neogen Chemicals Limited IPO

see the answer....
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83.4. chaitushare  May 8, 2019 14:55

Neogen Chemicals Limited IPO

Hi Eagle, We Missed this Jackpot.
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82. Eagleye  Apr 26, 2019 21:04 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO

Day 3 at 8:30PM

The following data is assuming the shares will be issued at @215/- (upper price band)

QIB*: 30.42X (*Excluding Anchor)
NII: 114.73X (Interest cost = 33.12)
RII: 16.18X
Total: 28.96X

Applications: 5,02,250 Approx
No. of Applic-wise: 15.15X

GMP 52 +/- 1
Kostak 225/-
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81. Eagleye  Apr 26, 2019 19:14 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO

Day 3 at 7:10PM

The following data is assuming the shares will be issued at @215/- (upper price band)

QIB*: 30.42X (*Excluding Anchor)
NII: 114.73X
RII: 16.06X
Total: 28.92X

Applications: 4,98,500 Approx
No. of Applic-wise: 15.04X

GMP 52 +/- 1
Kostak 225/-
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81.1. KING VINOD  Apr 26, 2019 19:26

Neogen Chemicals Limited IPO

Total Subscription 41X #@7pm
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80. Eagleye  Apr 26, 2019 12:48 Reply

Neogen Chemicals Limited IPO

1) EPS for full year for 2018-19 will be 6.97 based on 9 months results.

2) At 215 (issue price) that's a PE of 30.84.

3) assuming 30% growth the EPS (on diluted basis) will be 9.06. Hence issue is at a PE of 24.

4) adding 40 rupees grey cost means we are buying at 36.6 PE on FY'19 and 28.20 PE on FY'20.

5) ATUL and Aarti are trading at PE of 24 and 32 respectively based on 9 months results.

6) the working capital cycle is really long - almost 9 months. Because of which cash flow generation is negative.
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80.1. rvr  Apr 26, 2019 12:55

Neogen Chemicals Limited IPO

yes ....that is why I am surprised by gmp....what is cooking for them in this small SIZE IPO
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80.2. 👉 IPO Adhyadesh 💃  Apr 26, 2019 12:55

Neogen Chemicals Limited IPO

yes , IPO is costly from pe multiple point of view.
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79. Eagleye  Apr 24, 2019 20:01 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO - *Market Estimates of oversubscription*:

RII = 2L Forms = 6.03X Applic. wise (Avg allotment of ~10.77 shares per lot)
NII = 2.5K Crs. = ~126X

Interest cost @7%p.a. for 7days = 28.863paise for 1X

Thus, for NII the costing = 126 X 28.863paise = Rs.36.35 per share (GMP)

And, for RII the costing = 36.35 X 10.77 = Rs. ~425/- (Kostak)

Neogen Chemicals IPO - *GMP Expected*
GMP 40/-
Kostak 425/-
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79.1. CoolWorld  Apr 25, 2019 14:44
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79.2. DownriteVJ  Apr 25, 2019 14:45
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78. Eagleye  Apr 24, 2019 22:25 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO - *Market Estimates of oversubscription*:

RII = 3.5L Forms = 10.56X Applic. wise (Avg allotment of ~6.16 shares per lot)
NII = 2.75K Crs. = ~138X

Interest cost @7%p.a. for 7days = 28.863paise for 1X

Thus, for NII the costing = 138 X 28.863paise = Rs.40.00 per share (GMP)

And, for RII the costing = 40 X 6.16 = Rs. ~250/- (Kostak)

Neogen Chemicals IPO - *GMP Expected*
GMP 40/-
Kostak 250/-
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77. Eagleye  Apr 18, 2019 13:29 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO - *Market Estimates of oversubscription*:

RII = 1.5L Forms = 4.53X Applic. wise (Avg allotment of ~14.36 shares per lot)
NII = 1K Crs. = ~50X

Interest cost @7%p.a. for 7days = 28.863paise for 1X

Thus, for NII the costing = 50 X 28.863paise = Rs.14.50 per share (GMP)

And, for RII the costing = 14.50 X 14.36 = Rs. ~245/- (Kostak)

Neogen Chemicals IPO - *GMP Expected*
GMP 15/-
Kostak 250/-
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76. Eagleye  Apr 18, 2019 08:48 Reply

Neogen Chemicals Limited IPO

..
Neogen Chemicals IPO - Schedule (Pg #456 of RHP)

18th April - Price Band to be Announced
23rd April - Anchor List
24th April - Offer Opens
26th April - Offer Closes
03rd May - Finalisation of Basis of Allotment
06th May - Unblocking of ASBA
07th May - Credit to Demat Accounts
08th May - Listing on NSE & BSE


Neogen Chemicals IPO - Issue Information *(FINAL)*

Issue Opens on: 24 April 2019
Issue Closes on: 26 April 2019
Issue Type: Book Built Issue IPO
Issue Size: 65,84,210 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.212 - Rs.215 per Equity Share
Market Lot: 65 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 2,00,78,793 Equity Shares
Fresh Issue of 32,55,813 Equity Shares @215 = Rs.70.00 Crores
Offer for Sale of 29,00,000 Equity Shares @215 = Rs.62.35 Crores
Equity Shares outstanding after the Issue = 2,33,34,606 Equity Shares

Category-wise Break up:.
Anchor - 28,46,744 Shares = 39.70Crs
QIB - 12,31,163 Shares = 26.47Crs
NII - 9,23,372 Shares = 19.85Crs
RII - 21,54,535 Shares = 46.32Crs (Lot size: 65 = 33,147 Forms)
Total Issue - 61,55,813 Equity Shares = 132.45Crs.

Subscription required for 1X
RII = 33,147 Forms
NII = 19.85Crs

Interest cost @7.0%p.a. for 7days = 28.863paise for 1X


Neogen Chemicals IPO - Financial Information (Basis of Valuation)

EPS for FY15-16 >>> Rs.02.59 (Page #115 of RHP)
EPS for FY16-17 >>> Rs.03.84 (Page #115 of RHP)
EPS for FY17-18 >>> Rs.05.25 (Page #115 of RHP)
EPS for 9M18-19 >>> Rs.06.09 (Page #115 of RHP)

RoNW for FY15-16 >>> 18.80% (Page #117 of RHP)
RoNW for FY16-17 >>> 18.31% (Page #117 of RHP)
RoNW for FY17-18 >>> 20.97% (Page #117 of RHP)
RoNW for 9M18-19 >>> 19.88% (Page #117 of RHP)

NAV as on March 31, 2018 was Rs.25.12 (Page #117 of RHP)
NAV as on December 31, 2018 was Rs.30.62 (Page #117 of RHP)

Listed Industry Peer Group (Page #118 of RHP):
Aarti Industries
Atul Industries
Navin Flourine
Paushak
Vinati Organics
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75. Eagleye  Apr 16, 2019 22:51 Reply

Neogen Chemicals Limited IPO

Neogen Chemicals IPO - Schedule (Pg #456 of RHP)

18th April - Price Band to be Announced
23rd April - Anchor List
24th April - Offer Opens
26th April - Offer Closes
03rd May - Finalisation of Basis of Allotment
06th May - Unblocking of ASBA
07th May - Credit to Demat Accounts
08th May - Listing on NSE & BSE
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75.2. Eagleye  Apr 17, 2019 08:59

Neogen Chemicals Limited IPO

Neogen Chemicals IPO - Issue Information *(TENTATIVE)*

Issue Opens on: 24 April 2019
Issue Closes on: 26 April 2019
Issue Type: Book Built Issue IPO
Issue Size: 65,84,210 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.180 - Rs.190 per Equity Share
Market Lot: 78 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 2,00,78,793 Equity Shares
Fresh Issue of 36,84,210 Equity Shares @190 = Rs.70.00 Crores
Offer for Sale of 29,00,000 Equity Shares @190 = Rs.55.10 Crores
Equity Shares outstanding after the Issue = 2,37,63,003 Equity Shares

Category-wise Break up:.
Anchor - 19,75,263 Shares = 37.535Crs
QIB - 13,16,842 Shares = 25.02Crs
NII - 9,87,632 Shares = 18.76Crs
RII - 23,04,474 Shares = 43.78Crs (Lot size: 78 = 29,545 Forms)
Total Issue - 65,84,210 Equity Shares = 125.10Crs.

Subscription required for 1X
RII = 29,545 Forms
NII = 18.76Crs

Interest cost @7.0%p.a. for 7days = 25.507paise for 1X
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75.3. Ajax  Apr 17, 2019 20:04
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74. Eagleye  Apr 9, 2019 20:35 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 8:30PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.64X
Empl.: 3.20X
Total: 52.16X

Applications: 12,17,500 Approx
No. of Applic-wise: 3.78X


Polycab India IPO

GMP 80 +/- 1
Kostak 575 - 600
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74.1. rayeli  Apr 10, 2019 16:48

Polycab India Limited IPO

Whee to get info of no. Of total applications
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73. Eagleye  Apr 9, 2019 19:51 Reply

Polycab India Limited IPO

Polycab India IPO

GMP 80 +/- 1
Kostak 575 - 600

Informed circle is going short in grey
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73.1. harit  Apr 9, 2019 19:58

Polycab India Limited IPO

Any bad news?
Why suddenly falling
Throw some light please
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73.2. Pradip IPO  Apr 9, 2019 20:38

Polycab India Limited IPO

Global markets are not in a good mood..

As IMF has downgraded global growtg rate, lowest since recession time..

So may be negative effect on the stock

#Market - Full of surprises
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72. Eagleye  Apr 9, 2019 19:57 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 7:50PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.61X
Empl.: 3.20X
Total: 52.15X

Applications: 12,08,500 Approx
No. of Applic-wise: 3.75X


Polycab India IPO

GMP 80 +/- 1
Kostak 575 - 600
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71. Eagleye  Apr 9, 2019 19:26 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 7:20PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.57X
Empl.: 3.20X
Total: 52.13X

Applications: 11,98,000 Approx
No. of Applic-wise: 3.72X


Polycab India IPO

GMP 81 +/- 1
Kostak 600 - 650
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70. Eagleye  Apr 9, 2019 18:50 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 6:45PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.51X
Empl.: 3.19X
Total: 52.10X

Applications: 11,77,500 Approx
No. of Applic-wise: 3.66X


Polycab India IPO

GMP 81 +/- 1
Kostak 600 - 650
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69. Eagleye  Apr 9, 2019 18:39 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 6:35PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.49X
Empl.: 3.19X
Total: 52.09X

Applications: 11,67,000 Approx
No. of Applic-wise: 3.62X


Polycab India IPO

GMP 82 +/- 1
Kostak 600 - 650
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68. Eagleye  Apr 9, 2019 17:39 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 5:35PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.34X
Empl.: 3.18X
Total: 36.82X

Applications: 11,28,000 Approx
No. of Applic-wise: 3.50X


Polycab India IPO

GMP 83 +/- 1
Kostak 625 - 675
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67. Eagleye  Apr 9, 2019 17:04 Reply

Polycab India Limited IPO

..

Polycab India IPO

Day 3 at 5:00PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.24X
Empl.: 3.16X
Total: 36.78X

Applications: 10,94,000 Approx
No. of Applic-wise: 3.40X


Polycab India IPO

GMP 80 +/- 1
Kostak 625 - 675
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66. Eagleye  Apr 9, 2019 17:03 Reply

Polycab India Limited IPO

Polycab India IPO

GMP 80 +/- 1
Kostak 625 - 675
avatar
65. Eagleye  Apr 9, 2019 16:41 Reply

Polycab India Limited IPO

Polycab India IPO

Day 3 at 4:30PM

The following data is assuming the shares will be issued at @538/- (upper price band)

QIB*: 93.11X (*Excluding Anchor)
NII: 110.76X
RII: 4.15X
Empl.: 2.79X
Total: 36.75X

Applications: 10,70,000 Approx
No. of Applic-wise: 3.32X


Polycab India IPO

GMP 87 +/- 1
Kostak 700 - 725



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