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NEOGENEQ / NSE, BSEListed
Neogen Chemicals

Neogen Chemicals, established in 1991 and based in Mahape, Navi Mumbai, is a manufacturer of specialty chemicals in India, focusing on bromine-based and lithium-based compounds. The company produces both organic and inorganic chemicals that are widely used in several industries including pharmaceuticals, agrochemicals, engineering fluids, electronics, polymers, water treatment, construction, and the fragrance and flavor sector. As of February 28, 2019, Neogen had developed a portfolio of 198 products, consisting of 181 organic and 17 inorganic chemical compounds. These products are sold not only in India but also exported to regions like Europe, Japan, and the United States. The company operates manufacturing facilities in Navi Mumbai, Maharashtra, and Karakhadi, Vadodara, Gujarat. To support future growth, Neogen is planning to expand its production capacity by developing additional units at its Vadodara site and setting up a greenfield facility in Dahej, which will be focused on manufacturing inorganic chemicals. Currently, the company produces around 1,30,400 liters of organic chemicals and 1.2 million kilograms of inorganic chemicals annually.

₹212 - ₹215Open
Listed Price₹251.00
Listing Gain+16.74%

IPO Schedule & Timeline

Bookbuilding IPO
Open24 Apr 2019
Close26 Apr 2019
Allotment03 May 2019
Listing08 May 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB30,77,906 shares
50%
HNI9,23,372 shares
15%
Retail21,54,535 shares
35%

Minimum Application Lots

Retail1 Lot (65 shares)
₹13,975
sHNI15 Lots (975 shares)
₹2,09,625
bHNI72 Lots (4,680 shares)
₹10,06,200

Company Promoters

Haridas Thakarshi KananiHarin Haridas Kanani

Company Background

Neogen Chemicals, established in 1991 and based in Mahape, Navi Mumbai, is a manufacturer of specialty chemicals in India, focusing on bromine-based and lithium-based compounds. The company produces both organic and inorganic chemicals that are widely used in several industries including pharmaceuticals, agrochemicals, engineering fluids, electronics, polyme...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-18)₹1592.31 Cr
Growth+99.3%
Revenue Trend (₹ in Crores)
0.0628.71.3k1.9kMar-14Mar-15Mar-16Mar-17Mar-18Dec-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-181592.31122.212,374.060
Mar-181,640.12104.971,800.530
Mar-171,214.6776.831,523.150
Mar-161,088.8551.80804.820
Mar-15914.8450.85687.560
Mar-14799.0436.43629.330

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
03 May 2019
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
08 May 2019

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Neogen Chemicals. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization03 May 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 May 2019Trading commences on exchange

How to Check Neogen Chemicals Allotment Online

1Open Portal

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2Select Company

Select Neogen Chemicals from the issue drop-down list.

3Enter Details

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4View Allocation

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About Neogen Chemicals IPO

Complete issue overview for Neogen Chemicals (NEOGEN) IPO. The issue features an equity share price band of ₹212 – ₹215 per share with a minimum retail lot size of 65 Shares (minimum application amount of ₹13,975). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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