Neogen Chemicals Limited IPO

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