Neogen Chemicals Limited IPO (Neogen Chemicals IPO) Detail

Apr 24, 2019 - Apr 26, 2019

Incorporated in 1991, Neogen Chemicals is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India. Neogen makes both organic and inorganic chemical compounds.

These specialty chemicals are used in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals, and flavors and fragrances.

As on February 28, 2019, we have manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The company markets and sells products in India, Europe, Japan, and the USA.

The manufacturing units of the company are located in Navi Mumbai in Maharashtra and Karakhadi, Vadodara in Gujarat. Neogen is proposing to expand its manufacturing facilities by setting up new units at Vadodara Facility and the Dahej Facility. The Proposed Dahej Facility is a green-field manufacturing facility for manufacturing inorganic chemical products.

The company annually manufactures 1,30,400 liters of organic chemicals and 1,200,000 Kg. of inorganic chemicals.

The competitive strengths of the company are:
1. Wide product range
2. Stable customer base
3. A specialized business model with high entry barriers
4. Continuous investment in R&D
5. Highly knowledge-intensive industry
6. Stable suppliers

Company Promoters:

Haridas Thakarshi Kanani and Harin Haridas Kanani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	2,374.06	1,800.53	1,523.15	804.82	687.56	629.33
Total Revenue	1592.31	1,640.12	1,214.67	1,088.85	914.84	799.04
Profit After Tax	122.21	104.97	76.83	51.80	50.85	36.43

Objects of the Issue:

The objects of the Fresh Issue are:

1. Prepayment or repayment of all or a portion of certain borrowings availed by the Company;
2. Early redemption of 9.8% FRCPS;
3. Long term working capital; and
4. General corporate purposes.

Neogen Chemicals IPO Details

Issue Open	Apr 24, 2019 - Apr 26, 2019
Issue Type	Book Built Issue IPO
Issue Size	[.] Eq Shares of Rs 10 (aggregating up to Rs 132.35 Cr)
Fresh Issue	[.] Eq Shares of Rs 10 (aggregating up to Rs 70.00 Cr)
Offer for Sale	2,900,000 Eq Shares of Rs 10 (aggregating up to Rs [.] Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 212 - Rs 215 Per Equity Share
Market Lot	65 Shares
Min Order Quantity	65 Shares
Listing At	BSE, NSE

Neogen Chemicals IPO Tentative Date / Timetable

Bid/Offer Opens On	Apr 24, 2019
Bid/Offer Closes On	Apr 26, 2019
Finalisation of Basis of Allotment	May 3, 2019
Initiation of Refunds	May 6, 2019
Credit of Shares to Demat Acct:	May 7, 2019
IPO Shares Listing Date:	May 8, 2019

Neogen Chemicals IPO Subscription Status (Bidding Detail)

Neogen Chemicals IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	Total
Shares Offered	0
Apr 24, 2019 17:00

Neogen Chemicals IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Neogen Chemicals IPO Rating

708

3.7

Rating:

Vote Here ...

Neogen Chemicals IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
Choice Equity Broking Pvt Ltd - Avoid
S P Tulsian - Avoid
Kotak Securities - Other
Anand Rathi - Subscribe
Angel Broking - Other
Capital Market - Other
Dalal Street Investment Journal - Avoid

Company Contact Information

Neogen Chemicals Limited
1002, 10th Floor, Dev Corpora Bldg,
Opp. Cadbury Junction, Off Pokhran Road No. 2,
Khopat, Thane - 400 601

Phone: +91 22 2549 7300
Email: investor@neogenchem.com
Website: http://www.neogenchem.com

Neogen Chemicals IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: neogenchem.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Neogen Chemicals IPO Lead Manager(s)

Lead Manager Reports

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Find Neogen Chemicals IPO Latest Update

Useful Articles

Neogen Chemicals IPO Review / Comments

97. Pradip IPO Apr 24, 2019 18:05

Aniketiaf bro..

Aap ka abhi tak neogen pa review ana bakki ha..

Kya kahenga aap is issue ka regarded..

Apply kare ya avoid ??

And if apply.. aap ka hisab sa kitna listing gain ho sakta ha ??

Thank you in advance.. :-)

97.1. harit Apr 24, 2019 18:41

1 |

IPO Guru (1000+ Posts, 1500+ Likes)

Yes @ aniketiaf
Share ur views

96. Suryanshu Apr 24, 2019 18:28

GMP OF NEOGEN CHEMICAL IPO PLEASE.

96.1. harit Apr 24, 2019 18:38

2 |

IPO Guru (1000+ Posts, 1500+ Likes)

25-30 with negligible trades
But it will up/down with subscription data(next two days)
Sub 2=1200-1300
Kostak=NA

95. Millinerajay Apr 24, 2019 01:26

It's T group company ( T group means agar aaj buy kar te ho to kal hi sell kar sak te ho ..? Buy or sell not same day ) STRONG LISTENING SO APPLY .....

95.1. DownriteVJ Apr 24, 2019 11:19

1 |

IPO Guru (1000+ Posts, 900+ Likes)

That should not be a concern for those who are looking for listing gain.

95.2. harit Apr 24, 2019 18:20

1 |

IPO Guru (1000+ Posts, 1500+ Likes)

Many restrictions while trading in T group scripts particularly after listing
5% upper and lower circuit for some days
So if some big players manipulate prices, retailers can be trapped
Also only delivery based trade will happens after listed
Check details on bse site for further information

94. Yudi B🏅 Apr 24, 2019 10:33

1 |

Hi Seniors,
Please suggest if we can apply 5 applications different demat from SBI for this IPO as well?

Is there any relaxation based on the SEBI new rule?

Load more comments (1 replies)

94.2. 👉 IPO Adhyadesh 💃 Apr 24, 2019 16:42

1 |

IPO Mentor (500+ Posts, 1200+ Likes)

Relaxed until june 30th

94.3. harit Apr 24, 2019 16:56

1 |

IPO Guru (1000+ Posts, 1500+ Likes)

Banks have to update their asba
Software
So if possible, apply with your sb account with first holders name

93. Millinerajay Apr 24, 2019 01:28

2 |

It's listing gain is more than ASTRON PAPERS +++++

93.1. KING VINOD Apr 24, 2019 12:27

IPO Mentor (800+ Posts, 1800+ Likes)

No No No you cant expect that much Listing gains

93.2. Aniketiaf Apr 24, 2019 15:43

2 |

IPO Mentor (800+ Posts, 4400+ Likes)

In Between...
ASTRON PAPER & BOARD MILL: SHUTDOWN OF UNIT-2 LOCATED AT BHUJ || SHUT DUE TO CAPACITY EXPANSION / MODERNIZATION OF PLANT FROM 24TH APRIL, 2019 TO 15TH MAY

92. Hiteshji Apr 24, 2019 15:23

2 |

Top Contributor (200+ Posts, 100+ Likes)

Grey Market premium is increasing as
secondary market market is record
closing high.
Apply Apply Apply................
Momentum is back..............

91. harit Apr 24, 2019 09:39

7 |

IPO Guru (1000+ Posts, 1500+ Likes)

Gmp movement of last 48 hours makes this ipo very interesting

Load more comments (10 replies)

91.11. Athar Apr 24, 2019 12:34

Congratulations Harit. Almighty bless you

91.12. AnkurGoel Apr 24, 2019 13:54

IPO Mentor (900+ Posts, 800+ Likes)

Congrats Harit ji.

90. Pardip Apr 24, 2019 13:50

Latest gmp plz

89. Devrathod Apr 24, 2019 12:51

a Bit pricey but still will Wait for the last day to apply if figures good.

88. RUP Apr 24, 2019 11:26

IS THIS IPO LISTING IN "T" GROUP ???

88.1. KING VINOD Apr 24, 2019 12:22

1 |

IPO Mentor (800+ Posts, 1800+ Likes)

YES

87. Mpatni Apr 24, 2019 11:43

Detais of anchor investors please.

87.1. Dr Wolf Apr 24, 2019 11:51

1 |

Download info in Pdf form nse/Bse Ipo corner

87.2. Dr Wolf Apr 24, 2019 11:55

1 |

https://www.nseindia.com/products/content/equities/ipos/ipo_current_neogen.htm

86. Dr Wolf Apr 24, 2019 11:21

Neogen Chemicals raises Rs 39.70 crore from anchor investors.

85. Millinerajay Apr 24, 2019 10:36

3 |

Apply 4 listing gain anil singvi z business

85.1. IPO T Twenty Apr 24, 2019 11:02

1 |

IPO Mentor (700+ Posts, 1600+ Likes)

If z business anil singhvi says then something left for gain.
Nice update. keep it up

84. Millinerajay Apr 24, 2019 10:43

1 |

Apply 4 listing gain anil singvi z business

83. Mahendra kumar sharma Apr 24, 2019 08:06

3 |

What is GMP

83.1. Yudi B🏅 Apr 24, 2019 10:30

1 |

Grey market premium as on today is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹1000

82. Yudi B🏅 Apr 24, 2019 10:16

1 |

Applying 2 applications now. Will apply more if the subscription is good by the end of the last day.

81. Mahendra kumar sharma Apr 24, 2019 07:08

1 |

Then apply or avoid

80. Haresh Bhadani Apr 24, 2019 01:13

1 |

What is the benefit in this?

79. 📞📞📞 IPO CALLING 📞📞📞 Apr 23, 2019 23:05

2 |

Top Contributor (200+ Posts, 200+ Likes)

S2 2200 .gmp 43

78. JAY VALSAD Apr 23, 2019 22:50

1 |

Subject to 1750

78.1. techuser Apr 23, 2019 22:54

2 |

Want to sell 4 apps at this rate, anyone ready to buy?

Name		Phone
Email		City
State
Are you a day trader?