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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 OpenApr 24, 2019 - Apr 26, 2019
Issue TypeBook 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 Sale2,900,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 212 - Rs 215 Per Equity Share
Market Lot65 Shares
Min Order Quantity65 Shares
Listing AtBSE, NSE

Neogen Chemicals IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 24, 2019
Bid/Offer Closes OnApr 26, 2019
Finalisation of Basis of AllotmentMay 3, 2019
Initiation of RefundsMay 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

QIB

NII

RII

Total

Shares Offered

1,228,094

930,283

2,170,661

4,329,038

Apr 26, 2019 18:49

30.49x

113.88x

15.86x

41.07x

Neogen Chemicals IPO Prospectus

Neogen Chemicals IPO Rating

1163
3.9
Rating:Rated 3.9 stars

Vote Here ...

Neogen Chemicals IPO Listing Date

Listing DateWednesday, May 8, 2019
BSE Script Code542665
NSE SymbolNEOGEN
Listing In
ISININE136S01016
Issue PriceRs 215 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 215.00
Rs 251.00
Rs 250.10
Rs 263.55
Rs 263.55
288,154
NSE
Rs 215.00
Rs 251.00
Rs 250.50
Rs 263.55
Rs 263.55
1,358,653

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

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Neogen Chemicals IPO Review / Comments

avatar
507. KING VINOD  Jun 17, 2019 21:18 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 1900+ Likes)
Every one eargly waiting for Main board IPO
avatar
506. Arjun Patel  May 8, 2019 12:30 I Like It. 8 | Report Abuse Reply
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...
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506.1. Roxpatel  Jun 7, 2019 13:55 I Like It. | Report Abuse
You were right
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505. suheelan  May 24, 2019 17:20 I Like It. | Report Abuse Reply
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.
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504. suheelan  May 24, 2019 17:15 I Like It. | Report Abuse Reply
With stable Government in place will the the companies that have obtained regulatory approvals for IPO start filing RHPs in coming days ?
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503. Cautious ipo  May 21, 2019 11:02 I Like It. | Report Abuse Reply
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
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502. Chem cho  May 8, 2019 10:02 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
curcuit high rs 263.55
avatar
502.3. Chem cho  May 8, 2019 10:30 I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ 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
avatar
502.4. Chem cho  May 13, 2019 09:34 I Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
Rs 255 today on 13/5/19 9.35 am
avatar
501. 👉 IPO Adhyadesh 💃  May 9, 2019 15:38 I Like It. 36 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
7 straight days mkt closed in red.sensex 37500 nifty 11300.
avatar
501.1. 👉 IPO Adhyadesh 💃  May 10, 2019 15:29 I Like It. 33 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
2 weeks in a row continuously market falls like a knife.Nifty can break 11000 level also before janadesh.Avoid all ipos.market sentiment very bad.
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501.2. Roxpatel  May 11, 2019 22:38 I Like It. | Report Abuse
Don't worry, it may not affect on ipo? For example, policab, neogen..
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500. RAJU KUMAR  May 8, 2019 10:24 I Like It. | Report Abuse Reply
I have been alloted 65 shares of Neogen Chemical, but share is not reflecting in my Geogit dematerialize account. Kindly guide me.
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500.2. ratandb  May 9, 2019 11:40 I Like It. | Report Abuse
CALL CUSTOMER CARE
avatar
500.3. Addy A  May 10, 2019 00:51 I Like It. | Report Abuse
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.
avatar
499. AVINASH K R  May 9, 2019 21:42 I Like It. | Report Abuse Reply
I have one lot 65 shares, any restric is their to hold one year like
avatar
499.1. Roxpatel  May 9, 2019 22:58 I Like It. | Report Abuse
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
avatar
498. Eagleye  May 9, 2019 21:04 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (4700+ Posts, 15200+ Likes)
THE MOST RELIABLE
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(Status as on 09th May 2019)


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avatar
497. DBS  May 9, 2019 14:40 I Like It. | Report Abuse Reply
If asba is failed (amount not paid) any penalty is charged by applicant bank? Please clarify.
avatar
496. abdixit  May 9, 2019 09:34 I Like It. | Report Abuse Reply
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.
avatar
496.1. Gaurav DD dimer  May 9, 2019 10:24 I Like It. | Report Abuse
How u keep a sell order @251?

As price is above 251, then it will be automatically sold to market price.
avatar
496.2. abdixit  May 9, 2019 11:36 I Like It. | Report Abuse
Use trigger price. When price hit the trigger price that time only order will be sent to exchange.
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495. Dipesh Jain  May 9, 2019 09:48 I Like It. | Report Abuse Reply
Sold all at 271... Buy Price 215
26% return in 7 days... Too good
avatar
494. VALUE INVESTOR  May 9, 2019 09:22 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
avatar
494.1. VALUE INVESTOR  May 9, 2019 09:25 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Get out when there are buyers instead of repenting for next 8-10 trading sessions.
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493. abdixit  May 9, 2019 09:07 I Like It. | Report Abuse Reply
In pre-open, another higher circuit. So there will be no chance to buy and sell once market opens.
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493.3. abdixit  May 9, 2019 09:13 I Like It. | Report Abuse
@Pardip
It was showing 276.70 at one point. I think circuit doesn't trigger in pre open.
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493.4. Pardip  May 9, 2019 09:21 I Like It. 1 | Report Abuse
I also thought the same and made money in my mind
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492. Hero of stock  May 9, 2019 09:19 I Like It. | Report Abuse Reply
Start in red
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491. Pappi  May 8, 2019 15:52 I Like It. 2 | Report Abuse Reply
Are we Sensing a Non BJP Govt?

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


BJP
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.
avatar
491.3. 👉 IPO Adhyadesh 💃  May 8, 2019 21:13 I Like It. 23 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
6 days in a row mkt closed in red zone.
bjp is going.
avatar
491.4. dpcdsl  May 9, 2019 00:04 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
You shall be proved wrong as you have been proved wrong for Neogen listing gain.
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490. KKHAPANDI K  May 8, 2019 10:15 I Like It. | Report Abuse Reply
NEOGEN CHEMICAL KA LISTING UN LOGO KE MUH PE THAPPAD HE JINKO ALLOTT NAHI HUA TO NEGATIVE NEWS FELANE LAGE THE.
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490.1. RAJGURU  May 8, 2019 21:59 I Like It. 1 | Report Abuse
Specially IPO ADHYADESH..He was so negative before listing.

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489. Aniketiaf  Apr 29, 2019 10:53 I Like It. 20 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 4600+ Likes)
Person having sufficient amount, must apply in Par Drugs IPO ( SME ) opening on 03rd May .
avatar
489.7. jajo  Apr 29, 2019 22:14 I Like It. 1 | Report Abuse
I understand that the main problem with SME IPOS is that if the shares are allotted, one cannot sell as majority of sharebrokers are not willing to trade through them. It would be very helpful if you can name some Mumbai sharebrokers dealing in SME listed shares. Thanks.
avatar
489.8. Aniketiaf  May 8, 2019 16:19 I Like It. 6 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 4600+ Likes)
Finally, PAR DRUGS IPO got good response.
Applied with full force .
Confident of decent listing gain.
avatar
488. Dipesh Jain  May 8, 2019 15:58 I Like It. 1 | Report Abuse Reply
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



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