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Neogen Chemicals Limited will list in coming days at stock exchange platform for trading in Secondary market. Potential investors can retrieve related details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Apr 24, 2019 with a price band of Rs. 212- Rs.215 per equity share. The lot size of applying the IPO is for 65 shares. One can apply via ASBA to avail the benefit of listing this IPO.

Company profile:-

The company was incorporated on March 7, 1989 in Maharashtra. It is one of the famous and leading manufacturers of bromine-based, and lithium-based, specialty chemicals. The company manufactures and offers  specialty organic bromine-based chemical compounds (Bromine Compounds) and other specialty organic chemical compounds as well as specialty inorganic lithium-based chemicals compounds (Lithium Compounds and together with the Bromine Compounds the Products). It has manufactured approx. 187 products consisting 170 organic chemicals and 17 chemicals. The firm ships its products in overseas countries like Europe, USA, Japan as well.

Following are the firm’s Chemicals products:-
1. Organic Chemicals:- Under such chemicals, the firm includes carbon in combination with hydrogen, and, or, other elements with a covalent bond (i.e. a chemical bond atoms sharing at least one pair of electrons between them).

2. Inorganic Chemicals:- These chemicals includes an ionic bond and Lithium Compounds. Lithium compounds are used in eco-friendly Vapor Absorption Machines (VAM) for cooling air/water/process equipment and find application in industries like heating ventilation and air-conditioning (HVAC) and refrigeration, construction chemicals, pharmaceutical and specialty polymer.

Positive Outlook of the Firm:-

  1. Qualified and experienced promoters,
  2. Various and diversified offering of products,
  3. Consistent and strong customer base,
  4. Record profit after continuous investment in R&D,
  5. Unique and robust business model following high entry barriers,
  6. Maintain strong relationship with suppliers.

 

Objects Of The Issue:-

Below are the objects of Fresh issue:-

  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;
  4. General corporate purposes.

 

Summary Of Issue:

 

Issue Open:- Apr 24, 2019, Apr 26,2019
Issue Type  Book Built Issue IPO
Issue Size (Value) 2,900,000 Equity 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 lots  65 Shares
Minimum Order Quantity 65 Shares
Listing At BSE, NSE

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Neogen Chemicals Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)
Non Institutional Investors
Retail Individual Investors(RIIs)
Employees
Total

 


 

Important dates for Neogen Chemicals Limited Allotment

Neogen Chemicals Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for Neogen Chemicals Limited IPO are:

  • The Allotment date for Neogen Chemicals Limited IPO issue is expected on May 2,2019.
  • The amount will get unblocked on May 3, 2019.
  • The Shares are expected to credit in DP accounts on May 3, 2019.
  • The Shares of Neogen Chemicals Limited  is likely to get listed on May 4, 2019 . on both BSE and NSE.

 


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Check Neogen Chemicals Limited IPO Allotment Status

Neogen Chemicals Limited allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Neogen Chemicals Limited Allotment Status
  2. Go to Application Status
  3. Select IPO as Neogen Chemicals Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

Download “Neogen Chemicals Limited” IPO Application Form

From BSE: click here

 


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Promoters Of The Company:-

1) Haridas Thakarshi Kanani

2) Harin Haridas Kanani

Financials:- 

Financials:- (Restated Consolidated Financial Record)

Particulars For the year/Period ended (Rs. in Million)    
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Equity & Liabilities 1,800.53 1,523.15 804.82 687.82 629.33
Total Revenue 1,646.75 1,217.75 1,090.47 924.80 803.14
Total Expenses 1,473.78 1,103.07 1,005.66 844.15 741.25
Profit After Tax (PAT) 104.97 76.83 51.80 50.85 36.43


1) INGA ADVISORS PRIVATE LIMITED

1229, Hubtown Solaris, N.S. Phadke Marg, Opp. Telli Galli,
Andheri (E) – 400 069,
Mumbai, Maharashtra, India
Telephone: +91 22 2681 6003
Facsimile: +91 22 2681 6020
Email: neogen.ipo@ingaadvisors.com
Investor Grievance Email: investors@ingaadvisors.com
Website: www.ingaadvisors.com
Contact Person Details: Kavita Shah
SEBI Registration No.: INM000012573

2) BATLIVALA & KARANI SECURITIES INDIA PRIVATE LIMITED

Ground Floor, City Ice Building, 298 Perin Nariman Street, Fort,
Mumbai – 400001, India
Telephone: +91 22 4031 7000
Facsimile: +91 22 2263 5020/30
Email: merchantbanking@bksec.com
Investor Grievance Email: grievance.mbd@bksec.com
Website: www.bksec.com
Contact Person Details: Darshan Piyush Trivedi/ Sujeet Gurav
SEBI Registration No.: INM000010908

Registrar To The Issue:-

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), 400 083,
Mumbai, Maharashtra, India
Fax: +91 22 4918 6195
E-mail: neogenchem.ipo@linkintime.co.in
Investor Grievance E-mail: neogenchem.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Registered Office Details:-

1002, 10th Floor, Dev Corpora Bldg,
Opp. Cadbury Junction, Off Pokhran Road No. 2,
Khopat, Thane – 400 601,
Maharashtra, India;
Tel: +91 22 2549 7300;
Fax: +91 22 2549 7399;
Corporate Identity Number: U24200MH1989PLC050919;
Email: investor@neogenchem.com;
Website: www.neogenchem.com;
Contact Person: Lalit Ashok Karne, Company Secretary and Compliance Officer;
Tel: +91 22 2549 7300;
Fax: +91 22 2549 7399;
Email: investor@neogenchem.com

For More Details Contact us 011-42445800 / 9650901058

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