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Neogen Chemicals Limited IPO

Neogen Chemicals Limited IPO

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Listed Price: ₹ 251.00 (+16.74%)

Neogen Chemicals Limited's completed its IPO journey with a successful listing on NSE, BSE on 08-05-2019. The public offering mobilized 61,55,813 Shares in total capital, comprising 32,55,813 Shares in fresh equity and ₹62.00 Cr in Offer for Sale shares from existing stakeholders.

The offering was conducted within the price band of ₹212 to ₹215, with minimum application lots of 65 shares. Investor participation during the 24-04-2019 to 26-04-2019 subscription window determined the final allocation pattern.

The basis of allotment was announced on 03-05-2019, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Neogen Chemicals IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Neogen Chemicals IPO Key Performance Indicator
Company Financials ( in Lakhs )

Neogen Chemicals IPO About Company

Neogen Chemicals, established in 1991 and based in Mahape, Navi Mumbai, is a manufacturer of specialty chemicals in India, focusing on bromine-based and lithium-based compounds. The company produces both organic and inorganic chemicals that are widely used in several industries including pharmaceuticals, agrochemicals, engineering fluids, electronics, polymers, water treatment, construction, and the fragrance and flavor sector. As of February 28, 2019, Neogen had developed a portfolio of 198 products, consisting of 181 organic and 17 inorganic chemical compounds. These products are sold not only in India but also exported to regions like Europe, Japan, and the United States. The company operates manufacturing facilities in Navi Mumbai, Maharashtra, and Karakhadi, Vadodara, Gujarat. To support future growth, Neogen is planning to expand its production capacity by developing additional units at its Vadodara site and setting up a greenfield facility in Dahej, which will be focused on manufacturing inorganic chemicals. Currently, the company produces around 1,30,400 liters of organic chemicals and 1.2 million kilograms of inorganic chemicals annually.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Neogen Chemicals IPO Strength Factors

  1. Wide Product Range: Offers a broad and diverse portfolio.
  2. Stable Customers: Maintains a loyal and consistent customer base.
  3. High Entry Barriers: Operates a specialized business model that limits competition.
  4. R&D Focus: Continuously invests in research and development.
  5. Knowledge-Driven Industry: Operates in a highly expertise-intensive sector.
  6. Reliable Suppliers: Maintains stable and trusted supplier relationships.

Neogen Chemicals IPO Risk Factors

NA


Neogen Chemicals IPO Lead Manager(s)

  • Batlivala & Karani Securities India Private Limited
  • Inga Ventures Private Limited

Neogen Chemicals IPO Promoter(s)

  1. Haridas Thakarshi Kanani
  2. Harin Haridas Kanani

Neogen Chemicals IPO Company Details

Neogen Chemicals Limited
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Neogen Chemicals IPO Registrar

Link Intime India Private Limited
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Neogen Chemicals IPO FAQs