NEOGEN CHEMICALS IPO is Mahape, Navi Mumbai based manufacturer of bromine-based and lithium-based specialty chemicals in India and is all set to make a debut in the stock market with an issue size of 132.35 Cr.
IPO – Overview
| Issue Date | 24-26 April 2019 |
| NEOGEN CHEMICALS IPO Opening Date | 24 April 2019 |
| NEOGEN CHEMICALS IPO Face Value | INR 10 per share |
| NEOGEN CHEMICALS IPO Price | INR 215 per share |
| NEOGEN CHEMICALS IPO Lot Size | 65 Shares |
| Issue Size | 132.35 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 30.83 times |
| NII (HNI) Shares | 62.13 times |
| Company Promoters | Haridas Thakarshi Kanani and Harin Haridas Kanani are the promoters of the company. |
Tentative Dates
| NEOGEN CHEMICALS IPO opening date | 24 April 2019 |
| NEOGEN CHEMICALS IPO closing date | 26 April 2019 |
| Basis of Allotment | 3 May 2019 |
| Initiation of Refunds | 6 May 2019 |
| The credit of Shares to Demat | 7 May 2019 |
| NEOGEN CHEMICALS IPO Listing Date | 8 May 2019 |
Industry Overview.
- Specialty chemicals are a key segment, valued at $743.80 billion in 2017 and expected to grow at CAGR of 5.7% up to 2022.
- Agrochemicals dominated the specialty chemicals revenue pie, accounting for a 21% share in 2017. The use of agrochemicals in fertilizers, herbicides, insecticides, and pesticides is rising because of increasing demand for agro products owing to rapid industrialization and population growth globally.
- The polymers and plastic additives segments comprised the second-largest revenue share at 13.5%.
- Market share of specialty chemicals of key countries in 2017.
Company Overview
It is a 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.
Objectives Of The 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.
Financial Statements
| Particulars | 31-Dec -18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 2,374.06 | 1,800.53 | 1523.15 |
| Total Revenue | 1592.31 | 1,640.12 | 1,214.67 |
| Profit After Tax | 122.21 | 104.97 | 76.83 |
Strengths
- Wide product range.
- Stable customer base.
- A specialized business model with high entry barriers.
- Continuous investment in R&D.
- Highly knowledge-intensive industry.
- Stable suppliers
Company Contact Information
Neogen Chemicals Limited
1002, 10th Floor, Dev Corpora Bldg,
Opp. Cadbury Junction, Off Pokhran Road No. 2,
Khopat, Thane – 400 601
Phone: +91 22 2549 7300
Email: investor@neogenchem.com
Website: http://www.neogenchem.com
Neogen Chemicals IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: neogenchem.ipo@linkintime.co.in
Website: https://linkintime.co.in/
