Neogen Chemicals Limited IPO

Neogen Chemicals Limited

Issue Open

Apr 24, 2019

Price Band

₹ - ₹ per equity shares

Issue Size

₹ 70 Cr

Credit of Shares to Demat

-

Issue Close

Apr 26, 2019

Bid Lot

1

Listing Exchange

NSE, BSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Building Issue

Minimum Order Quantity

1

Allotment Details

-

Face Value

Rs 10 per equity shares

Listing On

Nov 30, -0001

Refunds

-

About the company:

Neogen chemicals limited is a Thane, Mumbai based company involved in manufacturing specialty chemicals, this includes lithium and bromide based chemicals.  

Date of Incorporation:

The company was incorporated as “Neogen Chemicals Private Limited” on 7th March 1989 as a private entity. Later, on 2nd July, 1998 it was transformed to a public limited company

Promoters of the Company:

Haridas Thakarshi Kanani & Harin Haridas Kanani are the promoters of Neogen Chemicals Limited.

Products and Service Offerings:

It offers a wide range of specialty chemicals ranging from organic to inorganic chemicals. This includes bromide based chemicals and lithium based chemicals. Also grignard based reagents 

Customer Segments:

The major clientele of the Neogen chemical limited includes clients from the industries like agrochemical, pharma, electronic chemical, fragrance and flavors 

Objects of the Offer:

- The main objectives of the Neogen Chemical Limited IPO are:

- Repayment of all or a portion of loans availed by the company 

- Redemption of 9.8% FRCFS

- Long term working capital

- General corporate purposes

 
ParticularsFor the year/period ended (in Rs. Millions)
31-Dec-1831-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets2,374.061,35,155.221,523.15804.82687.56629.33
Total Revenue1,596.8716,118.001,217.751,090.47924.80803.14
Profit After Tax122.21104.9776.8351.850.8536.43

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