Neogen Chemicals Limited, a Thane, Maharashtra based leading manufacturer of speciality chemicals, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs [.] per equity share. In this issue, [.] equity shares worth Rs 70 crore are to be launched. Neogen Chemicals IPO issue opens on 24th April 2019 and it closes on 26th April 2019. After allocation, the shares will be listed on the NSE (National Stock Exchange) BSE (Bombay Stock Exchange).
About Neogen Chemicals Limited
Neogen Chemicals Limited, incorporated in the year 1989 in Thane, Maharashtra, is India’s leading manufacturers of bromine-based, and lithium-based, speciality chemicals. Speciality chemicals are those chemicals that impart different properties to a variety of products and have a high degree of value addition. This company manufacture speciality organic bromine-based chemical compounds (Bromine Compounds) and other specialty organic chemical compounds as well as speciality inorganic lithium-based chemicals compounds (Lithium Compounds and together with the Bromine Compounds the Products). As on February 28, 2019, the company has manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals.
This company is promoted by Hardis Thakarshi Kanani and Harin Hardis Kanani.
Neogen Chemicals IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 24th April 2019 |
| Issue Closes | 26th April 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs [.] Per Equity Share |
| Issue Size | [.] Equity Shares (Rs 70 crores) |
| Market Lot | [.] Shares |
| Minimum Order Quantity | [.] Shares |
| Listing | BSE, NSE |
Neogen Chemicals IPO – Objects of the Issue
The following are the objects this upcoming IPO Issue:-
- Prepayment or repayment of all or a portion of certain borrowings availed by the company.
- Early redemption of 9.8% FRCPS.
- Long term working capital.
- General corporate purposes.
Neogen Chemicals Limited – Company Contact Details
Registered and Corporate Office: 1002, 10th Floor, Dev Corpora Bldg, Opp. Cadbury Junction, Off Pokhran Road No. 2, Khopat, Thane – 400601, Maharashtra.
Telephone: +91-22-25497300
Website: www.neogenchem.com
Neogen Chemicals IPO – Lead Manager of the Issue
Following are the lead managers to the IPO issue:-
- INGA Advisors Private Limited
- Batlivala & Karani Securities India Private Limited
Neogen Chemicals IPO – Registrar the Issue
The registrar to the upcoming IPO issue by Neogen Chemicals Limited is Link Intime India Private Limited.
Neogen IPO Issue Prospectus
Click here to read the Red Herring Prospectus of this IPO Issue.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Neogen Chemicals IPO
