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	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

› Draft Prospectus
› Red Herring Prospectus

Neogen Chemicals IPO Rating

1163

3.9

Rating:

Vote Here ...

Neogen Chemicals IPO Listing Date

Listing Date	Wednesday, May 8, 2019
BSE Script Code	542665
NSE Symbol	NEOGEN
Listing In
ISIN	INE136S01016
Issue Price	Rs 215 Per Equity Share
Face Value	Rs 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

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
SMC Global - Other
Capital Market - Avoid
Mehta Equities - Subscribe for Long Term

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

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Useful Articles

Neogen Chemicals IPO Review / Comments

507. KING VINOD Jun 17, 2019 21:18

1 |

IPO Guru (1100+ Posts, 2200+ 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

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

5 |

IPO Guru (1800+ Posts, 1600+ Likes)

curcuit high rs 263.55

Load more comments (2 replies)

503.3. Chem cho May 8, 2019 10:30

4 |

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

503.4. Chem cho May 13, 2019 09:34

IPO Guru (1800+ Posts, 1600+ Likes)

Rs 255 today on 13/5/19 9.35 am

502. 👉 IPO Adhyadesh 💃 May 9, 2019 15:38

13 |

IPO Mentor (600+ Posts, 1500+ Likes)

7 straight days mkt closed in red.sensex 37500 nifty 11300.

502.1. 👉 IPO Adhyadesh 💃 May 10, 2019 15:29

10 |

IPO Mentor (600+ Posts, 1500+ 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.

502.2. Roxpatel May 11, 2019 22:38

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.

Load more comments (1 replies)

501.2. ratandb May 9, 2019 11:40

CALL CUSTOMER CARE

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

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

4 |

IPO Guru (4800+ Posts, 15500+ Likes)

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

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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

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

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 (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

495.1. VALUE INVESTOR May 9, 2019 09:25

IPO Mentor (800+ Posts, 500+ Likes)

Get out when there are buyers instead of repenting for next 8-10 trading sessions.

494. abdixit May 9, 2019 09:07

In pre-open, another higher circuit. So there will be no chance to buy and sell once market opens.

Load more comments (2 replies)

494.3. abdixit May 9, 2019 09:13

@Pardip
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

1 |

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

2 |

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.

Load more comments (2 replies)

492.3. 👉 IPO Adhyadesh 💃 May 8, 2019 21:13

4 |

IPO Mentor (600+ Posts, 1500+ Likes)

6 days in a row mkt closed in red zone.
bjp is going.

492.4. dpcdsl May 9, 2019 00:04

Top Contributor (200+ Posts, 100+ Likes)

You shall be proved wrong as you have been proved wrong for Neogen listing gain.

491. KKHAPANDI K May 8, 2019 10:15

NEOGEN CHEMICAL KA LISTING UN LOGO KE MUH PE THAPPAD HE JINKO ALLOTT NAHI HUA TO NEGATIVE NEWS FELANE LAGE THE.

491.1. RAJGURU May 8, 2019 21:59

1 |

Specially IPO ADHYADESH..He was so negative before listing.

490. Dipesh Jain May 8, 2019 15:58

1 |

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

19 |

IPO Mentor (900+ Posts, 4700+ Likes)

0/5

Good wishes to all allottees.

It should list @ 250+

Load more comments (6 replies)

489.7. Pradip IPO May 8, 2019 11:14

6 |

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

3 |

Yes, simply great prediction

488. Arjun Patel May 8, 2019 12:30

7 |

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

You were right

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