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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

Total

Shares Offered

0

Apr 24, 2019 17:00

Neogen Chemicals IPO Prospectus

Neogen Chemicals IPO Rating

708
3.7
Rating:Rated 3.7 stars

Vote Here ...

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
97. Pradip IPO  Apr 24, 2019 18:05 I Like It. | Report Abuse Reply
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.. :-)

avatar
97.1. harit  Apr 24, 2019 18:41 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Yes @ aniketiaf
Share ur views
avatar
96. Suryanshu  Apr 24, 2019 18:28 I Like It. | Report Abuse Reply
GMP OF NEOGEN CHEMICAL IPO PLEASE.
avatar
96.1. harit  Apr 24, 2019 18:38 I Like It. 2 | Report Abuse
IPO Guru 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
avatar
95. Millinerajay  Apr 24, 2019 01:26 I Like It. | Report Abuse Reply
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 .....
avatar
95.1. DownriteVJ  Apr 24, 2019 11:19 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 900+ Likes)
That should not be a concern for those who are looking for listing gain.
avatar
95.2. harit  Apr 24, 2019 18:20 I Like It. 1 | Report Abuse
IPO Guru 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
avatar
94. Yudi B🏅  Apr 24, 2019 10:33 I Like It. 1 | Report Abuse Reply
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?
avatar
94.2. đŸ‘‰ IPO Adhyadesh 💃  Apr 24, 2019 16:42 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
Relaxed until june 30th
avatar
94.3. harit  Apr 24, 2019 16:56 I Like It. 1 | Report Abuse
IPO Guru 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
avatar
93. Millinerajay  Apr 24, 2019 01:28 I Like It. 2 | Report Abuse Reply
It's listing gain is more than ASTRON PAPERS +++++
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93.1. KING VINOD  Apr 24, 2019 12:27 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 1800+ Likes)
No No No you cant expect that much Listing gains
avatar
93.2. Aniketiaf  Apr 24, 2019 15:43 I Like It. 2 | Report Abuse
IPO Mentor 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
avatar
92. Hiteshji  Apr 24, 2019 15:23 I Like It. 2 | Report Abuse Reply
Top Contributor 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..............
avatar
91. harit  Apr 24, 2019 09:39 I Like It. 7 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 1500+ Likes)
Gmp movement of last 48 hours makes this ipo very interesting
avatar
91.11. Athar  Apr 24, 2019 12:34 I Like It. | Report Abuse
Congratulations Harit. Almighty bless you
avatar
91.12. AnkurGoel  Apr 24, 2019 13:54 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Congrats Harit ji.
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90. Pardip  Apr 24, 2019 13:50 I Like It. | Report Abuse Reply
Latest gmp plz
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89. Devrathod  Apr 24, 2019 12:51 I Like It. | Report Abuse Reply
a Bit pricey but still will Wait for the last day to apply if figures good.
avatar
88. RUP  Apr 24, 2019 11:26 I Like It. | Report Abuse Reply
IS THIS IPO LISTING IN "T" GROUP ???
avatar
88.1. KING VINOD  Apr 24, 2019 12:22 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 1800+ Likes)
YES
avatar
87. Mpatni  Apr 24, 2019 11:43 I Like It. | Report Abuse Reply
Detais of anchor investors please.
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87.1. Dr Wolf  Apr 24, 2019 11:51 I Like It. 1 | Report Abuse
Download info in Pdf form nse/Bse Ipo corner
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86. Dr Wolf  Apr 24, 2019 11:21 I Like It. | Report Abuse Reply
Neogen Chemicals raises Rs 39.70 crore from anchor investors.
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85. Millinerajay  Apr 24, 2019 10:36 I Like It. 3 | Report Abuse Reply
Apply 4 listing gain anil singvi z business
avatar
85.1. IPO T Twenty  Apr 24, 2019 11:02 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
If z business anil singhvi says then something left for gain.
Nice update. keep it up
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84. Millinerajay  Apr 24, 2019 10:43 I Like It. 1 | Report Abuse Reply
Apply 4 listing gain anil singvi z business
avatar
83. Mahendra kumar sharma  Apr 24, 2019 08:06 I Like It. 3 | Report Abuse Reply
What is GMP
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83.1. Yudi B🏅  Apr 24, 2019 10:30 I Like It. 1 | Report Abuse
Grey market premium as on today is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹1000
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82. Yudi B🏅  Apr 24, 2019 10:16 I Like It. 1 | Report Abuse Reply
Applying 2 applications now. Will apply more if the subscription is good by the end of the last day.
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81. Mahendra kumar sharma  Apr 24, 2019 07:08 I Like It. 1 | Report Abuse Reply
Then apply or avoid
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80. Haresh Bhadani  Apr 24, 2019 01:13 I Like It. 1 | Report Abuse Reply
What is the benefit in this?
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79. đŸ“žđŸ“žđŸ“ž IPO CALLING 📞📞📞  Apr 23, 2019 23:05 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
S2 2200 .gmp 43
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78. JAY VALSAD  Apr 23, 2019 22:50 I Like It. 1 | Report Abuse Reply
Subject to 1750
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78.1. techuser  Apr 23, 2019 22:54 I Like It. 2 | Report Abuse
Want to sell 4 apps at this rate, anyone ready to buy?



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