Neogen Chemicals IPO

Neogen Chemicals IPONeogen Chemicals IPO description - Neogen Chemicals is a leading producer of bromine-based, and lithium-based, specialty chemicals.  Specialty chemicals, including bromine and lithium-based compounds, are widely used as pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals and flavours and fragrances. Additionally, certain specialty chemicals find application in multiple industries.

The company commenced business operations in 1991, at its Mahape, Navi Mumbai manufacturing facility with a few Bromine Compounds and Lithium Compounds. Over the years, it has expanded its range of products and, as on 28 February 2019, it manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals.

More recently, the company has also commenced contract manufacturing where, the product is developed under confidentiality for a single customer using the process know-how and the technical specifications provided by the customer.

Promoters of Neogen Chemicals - Haridas Thakarshi Kanani and Harin Haridas Kanani
Neogen Chemicals IPO details
Subscription Dates 24 - 26 April 2019
Price Band INR212 - 215 per share
Fresh issue INR70 crore
Offer For Sale 2,900,000 shares (INR61.48 - 62.35 crore)
Total IPO size INR131.48 - 132.35 crore
Minimum bid (lot size) 65 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Objects of Neogen Chemicals IPO
  • Prepayment or repayment of all or a portion of certain borrowings - INR20.5 crore
  • Early redemption of 9.8% FRCPS - INR11.5 crore
  • Long term working capital - INR20 crore
  • General corporate purposes
  • Issue expenses
Neogen Chemicals' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 9M FY2019
Total revenues 80.3 92.5 109.0 121.8 164.7 159.7
Total expenses 74.1 84.4 100.6 110.3 147.4 142.8
Comprehensive income 3.7 5.0 5.1 7.2 10.5 12.3
Net margin (%) 4.6 5.4 4.7 5.9 6.4 7.7
Neogen Chemicals Contact Details

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: [email protected]
Website: www.neogenchem.com

Registrar of Neogen Chemicals IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]ime.co.in
Website: http://www.linkintime.co.in

Valuation of Neogen Chemicals (FY2018)

Earnings Per Share (EPS): INR5.25

Price/Earnings (PE ratio): 40.38 - 40.95

Return on Net Worth (RONW): 20.97%

Net Asset Value (NAV): INR25.03 per share

Neogen Chemicals IPO Subscription Details
Category Shares offered Subscription (no. of times, at 6 pm)
Day 1 Day 2 Day 3
QIB 1,228,094 0.00 0.94 30.49
NII 930,283 0.10 1.13 113.88
Retail 2,170,661 0.49 3.18 15.66
Total 4,329,038 0.27 2.10 40.97
Neogen Chemicals IPO Allotment Status

Neogen Chemicals IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing Performance of Neogen Chemicals Limited

IPO Opening Date: 24 April 2019

IPO Closing Date: 26 April 2019

Finalisation of Basis of Allotment: 3 May 2019

Initiation of refunds: 6 May 2019

Transfer of shares to demat accounts: 7 May 2019

Listing Date: 8 May 2019

Listing Price on NSE: INR251 per share (up 17% from IPO price)

Closing Price on NSE: INR263.55 per share (up 22.58% from IPO price)

Neogen Chemicals IPO
4.1 (82.78%) 36 vote[s]

6 thoughts on “Neogen Chemicals IPO

  • April 25, 2019 at 7:27 PM
    Permalink

    Better not to subscribe… there will be better IPO coming this year.

    Reply
  • April 24, 2019 at 9:40 AM
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    Listing will be in T group, why to risk capital?

    Reply
    • April 26, 2019 at 9:45 AM
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      True sir. Your comments have been helping us on this forum.

      Reply
  • April 24, 2019 at 9:27 AM
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    What is the latest premim in grey market for neogen?

    Reply
  • April 23, 2019 at 8:19 AM
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    Chemicals is the hot sector as chinese are facing problems. Lot of growth coming for Indian companies. Go ahead and subscribe.

    Reply
  • April 22, 2019 at 7:26 PM
    Permalink

    Caution to be exercised in this IPO as the price is too high! Business is doing well but company is asking too much for this growth when others are available at better prices. GMP is fine but I’ll rather wait for listing and then buy at a discount.

    Reply

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