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Neogen Chemicals IPO is a book built issue of Rs 132.35 crores. The issue comprises of fresh issue of Rs 70.00 crore and offer for sale of 0.29 crore shares.
Neogen Chemicals IPO bidding started from April 24, 2019 and ended on April 26, 2019. The allotment for Neogen Chemicals IPO was finalized on Friday, May 3, 2019. The shares got listed on BSE, NSE on May 8, 2019.
Neogen Chemicals IPO price band is set at ₹212 to ₹215 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹13,975.
Batlivala & Karani Securities India Private Limited and Inga Ventures Pvt Ltd are the book running lead managers of the Neogen Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Neogen Chemicals IPO RHP for detailed information.
| IPO Date | April 24, 2019 to April 26, 2019 |
| Listing Date | May 8, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹212 to ₹215 per share |
| Lot Size | 65 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹132.35 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹70.00 Cr) |
| Offer for Sale | 2,900,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Neogen Chemicals IPO offers 4,329,038 shares. 1,228,094 (28.37%) to QIB, 930,283 (21.49%) to NII, 2,170,661 (50.14%) to RII. 33,394 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 975 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,228,094 (28.37%) | NA |
| NII (HNI) Shares Offered | 930,283 (21.49%) | |
| Retail Shares Offered | 2,170,661 (50.14%) | 33,394 |
| Total Shares Offered | 4,329,038 (100%) |
Neogen Chemicals IPO opens on April 24, 2019, and closes on April 26, 2019.
| IPO Open Date | Wednesday, April 24, 2019 |
| IPO Close Date | Friday, April 26, 2019 |
| Basis of Allotment | Friday, May 3, 2019 |
| Initiation of Refunds | Monday, May 6, 2019 |
| Credit of Shares to Demat | Tuesday, May 7, 2019 |
| Listing Date | Wednesday, May 8, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 26, 2019 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹13,975 |
| Retail (Max) | 14 | 910 | ₹195,650 |
| Lot Size Calculator | |||
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
| 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 | |
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.
[Dilip Davda] NCL has created a niche place in the bromine and lithium product segment. The issue appears fully priced on the basis of given financial data. As the company is now in fast forward mode with enhanced capacities, it holds a promising future. Considering these aspects, investors may consider investment for the long term. Read detail review...
The Neogen Chemicals IPO is subscribed 41.07 times on April 26, 2019 6:49:03 PM. The public issue subscribed 15.86 times in the retail category, 30.49 times in the QIB category, and 113.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 30.49 |
| NII | 113.88 |
| Retail | 15.86 |
| Total | 41.07 |
| Listing Date | May 8, 2019 |
| BSE Script Code | 542665 |
| NSE Symbol | NEOGEN |
| ISIN | INE136S01016 |
| Final Issue Price | ₹215 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹215.00 |
| ₹251.00 |
| ₹250.10 |
| ₹263.55 |
| ₹263.55 |
| NSE |
|---|
| ₹215.00 |
| ₹251.00 |
| ₹250.50 |
| ₹263.55 |
| ₹263.55 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: neogenchem.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 65 Shares.
The IPO opens on April 24, 2019, and closes on April 26, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Neogen Chemicals IPO opens on April 24, 2019 and closes on April 26, 2019.
Neogen Chemicals IPO lot size is 65 Shares, and the minimum amount required is ₹13,975.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Neogen Chemicals IPO will be done on Friday, May 3, 2019, and the allotted shares will be credited to your demat account by Tuesday, May 7, 2019. Check the Neogen Chemicals IPO allotment status.
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