Neogen Chemicals Limited Profile
Neogen Chemicals Ltd is a 27-year-old company focusing in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts. Neogen Chemicals was initiated by Mr H T Kanani, a chemical engineer from IIT Mumbai.
Over the years Neogen has developed several Bromine based intermediates and is a foremost 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 clienteles.
A number of Neogen clients 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.
Neogen Chemicals Limited Promoters:
The Promoters of the Company are: Haridas Thakarshi Kanani and Harin Haridas Kanani
Neogen Chemicals Limited IPO details:
Symbol: NEOGEN
Issue Size: Initial Public offer of Up to [.] Equity Shares comprising of fresh issue of up to Rs. 700 Million and Offer for Sale of up to 29,00,000 Equity Shares
Face Value: Rs 10
Price Range: Rs.212 to Rs.215
Issue Type: 100% Book Building
Bid Lot: 65 Equity Shares and in multiples thereof
Minimum Order Quantity: 65 Equity Shares
Issue Period: 24-April-2019 to 26-April-2019
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Link Intime India Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Neogen Chemicals Limited Financials:
| Neogen Chemicals financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | 9M FY2019 | |
| Total revenue | 80.3 | 92.5 | 109.0 | 121.8 | 164.7 | 159.7 |
| Total expenses | 74.1 | 84.4 | 100.6 | 110.3 | 147.4 | 142.8 |
| Profit after tax | 3.7 | 5.0 | 5.1 | 7.2 | 10.5 | 12.3 |
| Net margin (%) | 4.6 | 5.4 | 4.7 | 5.9 | 6.4 | 7.7 |
Neogen Chemicals Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 1,228,094 | 0.00 | 0.94 | 30.49 |
| NII | 930,283 | 0.10 | 1.13 | 113.88 |
| Retail | 2,170,661 | 0.49 | 3.18 | 15.66 |
| Total | 4,329,038 | 0.27 | 2.10 | 40.97 |
Neogen Chemicals IPO Grey Market Price, Rates, GMP Premium
Neogen Chemicals IPO Grey Market Premium (GMP) as on 03-05-2019 today at Rs.50 with Kostak at Rs N/A and Subject to Sauda is Rs.1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 30-04-2019 at Rs.50 with Kostak at Rs N/A and Subject to Sauda is Rs.1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 29-04-2019 at Rs.50 with Kostak at Rs N/A and Subject to Sauda is Rs.1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 26-04-2019 at Rs.30 with Kostak at Rs N/A and Subject to Sauda is Rs.1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 25-04-2019 at Rs.30 with Kostak at Rs N/A and Subject to Sauda is Rs.1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 24-04-2019 at Rs.30 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 23-04-2019 at Rs.20 with Kostak at Rs 1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 22-04-2019 at Rs.20 with Kostak at Rs 1000.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 21-04-2019 at Rs.15 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 20-04-2019 at Rs.15 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 19-04-2019 at Rs.15 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 18-04-2019 at Rs.15 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 17-04-2019 at Rs.15 with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 16-04-2019 at N/A with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 15-04-2019 at N/A with Kostak at Rs N/A.
Neogen Chemicals IPO Grey Market Premium (GMP) as on 14-04-2019 at N/A with Kostak at Rs N/A.
Neogen Chemicals Limited Allotment Status:
Neogen Chemicals Limited IPO Allotment Date: 3 May 2019
Neogen Chemicals Limited IPO Listing Date: 9 May 2019
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