|Issue Date||24/04 - 26/04|
|Issue Size||₹132.35 Cr|
|Market Lot||65 Shares|
|Shares on Offer||2,900,000|
|Subject to Sauda||N/A|
Neogen Chemicals Ltd is a 27 year old company specialising in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts.
The company was founded by Mr H T Kanani, a chemical engineer from IIT Mumbai.
Over the years Neogen has developed several Bromine based intermediates and is a leading manufacturer of these products to pharmaceutical agrochemical and other specialty chemical companies in India Europe and Japan with leading Innovator and Generic companies as its customers.
A number of Neogen customers have been with Neogen for a long time.
Apart from Bromination and Grignard chemistry, Neogen has also developed competencies in other related chemistries like Alkylation, Acylation, Friedel Craft, Couplings Chlorination etc.
With the acquisition of a new manufacturing site in Karkhadi, Vadodara, they are able to carry out multiple step synthesis in equipment of various sizes. Neogen is also focusing on Custom Synthesis and Contract Manufacturing. Work has already commenced in this area with customers in Japan and Europe.
Apart from catering to the domestic market, the company has so far exported to 27 countries in the world including USA, UK, France, Germany, Spain, Italy, Japan, Mexico, Canada, South Korea, Netherlands, Belgium, Switzerland, Sweden, Denmark, Greece, Poland, Czech Republic, UAE, Saudi Arabia, Israel, Egypt, Taiwan, Australia, Ireland, and China. Among these, Europe (UK, Spain, France, Germany and Italy), USA, and Japan remain the largest markets outside of India.
|Total Assets (In ₹ Millions)||2,374.06||1,800.53||1,523.15||804.82||687.56||629.33|
|Total Revenue (In ₹ Millions)||1592.31||1,640.12||1,214.67||1,088.85||914.84||799.04|
|Profit After Tax (PAT) (In ₹ Millions)||122.21||104.97||76.83||51.80||50.85||36.43|
|Date & Time||QIB||NII||RII||Total|
|Day 1 - Apr 24,2019||0.00||0.10||0.50||0.27|
|Day 2 - Apr 25,2019||0.95||1.12||3.15||2.09|
|Day 3 - Apr 26,2019||30.49||113.88||15.86||41.07|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Neogen Chemicals Limited IPO will open on 24/04 and close on 26/04.
Neogen Chemicals Limited IPO will list on 08/05.
The offer price of Neogen Chemicals Limited IPO is ₹212-215.
The lot size of Neogen Chemicals Limited IPO is 65.
The Grey Market Premium (GMP) price of Neogen Chemicals Limited IPO is ₹52.
The Kostak price of Neogen Chemicals Limited IPO is ₹2800.
The Subject to Sauda price for Neogen Chemicals Limited IPO is Not Available at the moment.
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