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

IPO Opening DateApr 24, 2019
IPO Closing DateApr 26, 2019
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹212 to ₹215 per equity share
Market Lot65 Shares
Min Order Quantity65 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹132.35 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹70.00 Cr)
Offer for Sale2,900,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Neogen Chemicals IPO Tentative Timetable

The Neogen Chemicals IPO open date is Apr 24, 2019, and the close date is Apr 26, 2019. The issue may list on May 8, 2019.

IPO Open DateApr 24, 2019
IPO Close DateApr 26, 2019
Basis of Allotment DateMay 3, 2019
Initiation of RefundsMay 6, 2019
Credit of Shares to Demat AccountMay 7, 2019
IPO Listing DateMay 8, 2019

Neogen Chemicals IPO Lot Size

The Neogen Chemicals IPO market lot size is 65 shares. A retail-individual investor can apply for up to 14 lots (910 shares or ₹195,650).

ApplicationLotsSharesAmount (Cut-off)

Neogen Chemicals IPO Subscription Status (Bidding Detail)

The Neogen Chemicals IPO is subscribed 41.07x times on Apr 26, 2019 18:49. The public issue subscribed 15.86x in the retail category, 30.49x in the QIB category, and 113.88x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription








Neogen Chemicals IPO Prospectus

Neogen Chemicals IPO Rating

Rating:Rated 3.9 stars

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Neogen Chemicals IPO Listing Date

Listing DateWednesday, May 8, 2019
BSE Script Code542665
Listing In
IPO Price₹215 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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

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

Neogen Chemicals IPO FAQs

  1. What is Neogen Chemicals IPO?

    Neogen Chemicals IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹132.35 Crores. The issue is priced at ₹212 to ₹215 per equity share. The minimum order quantity is 65 Shares.

    The IPO opens on Apr 24, 2019, and closes on Apr 26, 2019.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Neogen Chemicals IPO will open?

    The Neogen Chemicals IPO opens on Apr 24, 2019 and closes on Apr 26, 2019.

  3. What is the lot size of Neogen Chemicals IPO?

    Neogen Chemicals IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.

  4. How to apply for Neogen Chemicals IPO?

    You can apply in Neogen Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Neogen Chemicals IPO allotment?

    The finalization of Basis of Allotment for Neogen Chemicals IPO will be done on May 3, 2019, and the allotted shares will be credited to your demat account by May 7, 2019. Check the Neogen Chemicals IPO allotment status.

  6. When is Neogen Chemicals IPO listing date?

    The Neogen Chemicals IPO listing date is on Wednesday, May 8, 2019.

Neogen Chemicals IPO Message Board

Ranked Members  Ranked Members

507. KING VINOD |Jun 17, 2019 21:18
IPO Guru IPO Guru (1400+ Posts, 3000+ Likes)
Every one eargly waiting for Main board IPO
506. suheelan |May 24, 2019 17:20
if promoters come out with reasonable premium it is all right. If promoters are greedy then such promoters will wait till the time their companies get high premium.
505. suheelan |May 24, 2019 17:15
With stable Government in place will the the companies that have obtained regulatory approvals for IPO start filing RHPs in coming days ?
504. Cautious ipo |May 21, 2019 11:02
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Neogen Chemicals Ltd has informed BSE that the meeting of the Board of Directors of the Company is schedule to be held on May 25, 2019, inter alia, to consider and approve the Audited Financial Results of the Company (Standalone & Consolidated) for the quarter and Financial Year ended on March 31, 2019 and recommendation of final dividend (if any), for the Financial Year ended on March 31, 2019
503. Chem cho |May 8, 2019 10:02
IPO Guru IPO Guru (2100+ Posts, 2200+ Likes)
curcuit high rs 263.55
503.3. Chem cho |May 8, 2019 10:30
IPO Guru IPO Guru (2100+ Posts, 2200+ Likes)
sell 50% today @ rs 263.55 , ie 30 shares , and hold 35 share so your value will go down to Rs 175 from Rs 215
you can then decide what to do
It will be risk free stop loss Rs 245 for remaning 35 share
you have to decide what to do , as view expressed may go wrong , as there is no proper chart to track the rate of the share .
I did not buy on listing , nor hold IPO share
503.4. Chem cho |May 13, 2019 09:34
IPO Guru IPO Guru (2100+ Posts, 2200+ Likes)
Rs 255 today on 13/5/19 9.35 am
502. ???? IPO Adhyadesh ???? |May 9, 2019 15:38
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
7 straight days mkt closed in red.sensex 37500 nifty 11300.
502.1. ???? IPO Adhyadesh ???? |May 10, 2019 15:29
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
2 weeks in a row continuously market falls like a knife.Nifty can break 11000 level also before janadesh.Avoid all sentiment very bad.
502.2. Roxpatel |May 11, 2019 22:38
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Don't worry, it may not affect on ipo? For example, policab, neogen..
501. RAJU KUMAR |May 8, 2019 10:24
I have been alloted 65 shares of Neogen Chemical, but share is not reflecting in my Geogit dematerialize account. Kindly guide me.
501.2. ratandb |May 9, 2019 11:40
501.3. Addy A |May 10, 2019 00:51
Same problem I faced in ventura account. I have downloaded updated script and it has been resolved. There r 2 different stocks having almost similar names as Neogen & Newgen. So to avoid confusion between two stocks, ventura has added suffix's later on.
May be it is similar case for u. So plz update your scripts.
500. AVINASH K R |May 9, 2019 21:42
I have one lot 65 shares, any restric is their to hold one year like
500.1. Roxpatel |May 9, 2019 22:58
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Neogen looks good as per price moving, but as per some expert reviews, it may not survive for long, or they may be wrong, so in this situation, why are you taking risk for 1 year,
Sell at better price and use that amount elsewhere for better investment
499. Eagleye |May 9, 2019 21:04
IPO Guru IPO Guru (5900+ Posts, 19700+ Likes)
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
498. DBS |May 9, 2019 14:40
If asba is failed (amount not paid) any penalty is charged by applicant bank? Please clarify.
497. abdixit |May 9, 2019 09:34
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
I am keeping a sell order @251. I don't want to go in those multiple lower circuits. So if it closes on higher circuit well and good, else I am out before lower circuit.
497.1. Gaurav DD dimer |May 9, 2019 10:24
How u keep a sell order @251?

As price is above 251, then it will be automatically sold to market price.
497.2. abdixit |May 9, 2019 11:36
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Use trigger price. When price hit the trigger price that time only order will be sent to exchange.
496. Dipesh Jain |May 9, 2019 09:48
Sold all at 271... Buy Price 215
26% return in 7 days... Too good
495. VALUE INVESTOR |May 9, 2019 09:22
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Today there are more sellers than buyers. But, it is fully priced now.
Its just for risk takers, who want to play with circuits
495.1. VALUE INVESTOR |May 9, 2019 09:25
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Get out when there are buyers instead of repenting for next 8-10 trading sessions.
494. abdixit |May 9, 2019 09:07
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
In pre-open, another higher circuit. So there will be no chance to buy and sell once market opens.
494.3. abdixit |May 9, 2019 09:13
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
It was showing 276.70 at one point. I think circuit doesn't trigger in pre open.
494.4. Pardip |May 9, 2019 09:21
I also thought the same and made money in my mind
493. Hero of stock |May 9, 2019 09:19
Start in red
492. Pappi |May 8, 2019 15:52
Are we Sensing a Non BJP Govt?

Why are markets Falling?
Is it a concern for investors.

1. Will Get 400 Kai Par.
2. Iss baad 300 Par
3. We will get Majority 272+
4. We will need Alliance We will Get 272 With NDA.
5. Naveen Babu Is Great CM. We will Need Him.

Strange But True.

Something is Fishy
FIIs are Selling in Big in May.

Is Cyclone Coming to India.
492.3. ???? IPO Adhyadesh ???? |May 8, 2019 21:13
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
6 days in a row mkt closed in red zone.
bjp is going.
492.4. dpcdsl |May 9, 2019 00:04
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
You shall be proved wrong as you have been proved wrong for Neogen listing gain.
491. KKHAPANDI K |May 8, 2019 10:15
491.1. RAJGURU |May 8, 2019 21:59
Specially IPO ADHYADESH..He was so negative before listing.

490. Dipesh Jain |May 8, 2019 15:58
Tomorrow again UC & Price will be 276.7... I ll sell half tomorrow & keep SL of 251 for remaining 30 shares only cos market is bleeding badly it wont survive in multiple UCs else it can be 290-300 easily... Today UC touched 7L which is very positive for a company with just over 500cr mcap
489. Aniketiaf |May 5, 2019 07:12
IPO Guru IPO Guru (1400+ Posts, 8600+ Likes)

Good wishes to all allottees.

It should list @ 250+
489.7. Pradip IPO |May 8, 2019 11:14
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Bhai bhai bhai..

Once you proved you are real guru of ipo..

250 kaha tha aapna aur dot 251 pa khula, esa market condition ka bavjood.. hats off bro.. ????????
489.8. Roxpatel |May 8, 2019 15:28
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Yes, simply great prediction
488. Arjun Patel |May 8, 2019 12:30
As said Listing at 250/-

It listed at 251/-
Short Term target 299
Keep a strict SL of 245
Markets will bleed till elections Nothing to worry...
488.1. Roxpatel |Jun 7, 2019 13:55
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
You were right


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