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
Haridas Thakarshi Kanani and Harin Haridas Kanani are the promoters of the company.
|Particulars||For the year/period ended (in Rs. 10 Lakhs)|
|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.
|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|
|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|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Apr 24, 2019 17:00
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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
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