Neogen Chemicals Incorporated in 1991, 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:
- Wide product range
- Stable customer base
- A specialized business model with high entry barriers
- Continuous investment in R&D
- Highly knowledge-intensive industry
- Stable suppliers
Neogen Chemicals IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹212 to ₹215 per equity share |
| Market Lot | 65 Shares |
| Min Order Quantity | 65 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542665 |
| NSE Symbol | NEOGEN |
| ISIN | INE136S01016 |
| Issue Size | Aggregating up to ₹132.35 Cr |
| Fresh Issue | Aggregating up to ₹70.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Neogen Chemicals IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 24-Apr-19 |
| IPO Close Date | 26-Apr-19 |
| Basis of Allotment Date | 3-May-19 |
| IPO Listing Date | 8-May-19 |
Neogen Chemicals IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 65 | ₹13,975 |
| Maximum | 14 | 910 | ₹195,650 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Neogen Chemicals Limited
Company Financials:
| PARTICULAR | 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 | 51.8 | 50.85 | 36.43 |
Company Promoters:
Haridas Thakarshi Kanani and Harin Haridas Kanani are the promoters of the company.
Objects of the Issue:
The objects of the Fresh Issue are:
- Prepayment or repayment of all or a portion of certain borrowings availed by the Company;
- Early redemption of 9.8% FRCPS;
- Long term working capital; and
- General corporate purposes.
Registrar &Company Details
| Company Contact Information | Neogen Chemicals IPO Registrar |
| 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 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 |
