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Open
24 Apr 2019
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Close
26 Apr 2019
3
Allotment
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Listing
Wed, May 8, 2019
Price Band
₹212 to ₹215
Issue Size
61,55,813 shares (agg. up to ₹132 Cr)
Lot Size
65 Shares
Listing Date
Wed, May 8, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 28.96x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 237.41 | 180.05 | 152.32 | 80.48 |
| Total Income | 159.69 | 164.68 | 121.78 | 109.05 |
| Profit After Tax | 12.22 | 10.50 | 7.68 | 5.18 |
| NET Worth | 61.49 | 50.06 | 41.97 | 27.55 |
| Reserves and Surplus | 41.64 | 30.23 | 22.03 | 7.55 |
| Total Borrowing | 111.76 | 79.72 | 66.91 | 24.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Fine Organic Industries Ltd. | Mainboard | ₹600.17 Cr | ₹783 | null | ₹822.80 | +5.08% | ₹5,078.00 (-0.93%) |
| Deep Polymers Ltd. | SME | ₹15.24 Cr | ₹40 | null | ₹40.90 | +2.25% | ₹36.41 (+0.30%) |
| Ambani Organics Ltd. | SME | ₹9.03 Cr | ₹66 | null | ₹66.65 | +0.98% | ₹118.00 (+2.56%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain borrowings availed by the Company | 20.50 |
| 2 | Redemption of 9.8% FRCPS | 11.50 |
| 3 | Long term working capital | 20.00 |
| 4 | General corporate purposes | 12.09 |
About Neogen Chemicals IPO
Incorporated in 1991, Neogen Chemicals is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India. Neogen makes both organic and inorganic chemical compounds.These specialty chemicals are used in pharmaceutical intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymers additives, water treatment chemicals, construction chemicals, and flavors and fragrances.As on February 28, 2019, we have manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The company markets and sells products in India, Europe, Japan, and the USA. The manufacturing units of the company are located in Navi Mumbai in Maharashtra and Karakhadi, Vadodara in Gujarat. Neogen is proposing to expand its manufacturing facilities by setting up new units at Vadodara Facility and the Dahej Facility. The Proposed Dahej Facility is a green-field manufacturing facility for manufacturing inorganic chemical products.The company annually manufactures 1,30,400 liters of organic chemicals and 1,200,000 Kg. of inorganic chemicals.The competitive strengths of the company are:1. Wide product range2. Stable
Contact Details
Neogen Chemicals Ltd. Address1002, 10th Floor, Dev Corpora BldgOpp.Cadbury Junction, Off Pokhran Road No.2KhopatThane, Maharashtra, 400601+91 22 2549 7300investor@neogenchem.comVisit Website