Wednesday, November 07, 2018

Neogen Chemicals IPO Dates, Review, Price Band & Market Lot Details

 Wednesday, November 07, 2018  
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Neogen Chemicals IPO to hit the market on 24-April & close on 26-April. The company is going to raise around 70 crore via fresh issue and offer for sale of 29,00,000 shares. The company is a manufacturer of speciality organic bromine-based chemical compounds. The also manufacture speciality inorganic lithium-based chemicals compounds. The company is in the market since 1991 and they have manufacturing facility at Navi Mumbai. The product range of speciality chemicals which includes Water treatment chemicals, electronic chemicals, pharmaceutical intermediates, polymers additives, engineering fluids, and construction chemicals are speciality chemicals. These chemicals are used in multiple industries based on the requirements. Other products are organic bromine compounds, inorganic lithium compounds and other organic and inorganic chemical products. The company produces a range of products for domestic and global markets.


Neogen Chemicals IPO Review:
  • Subscribe for Long Term
Brokerage Firm IPO Reviews:
  • Choice Equity Broking Pvt Ltd: Avoid
  • S P Tulsian: Avoid
  • Kotak Securities: Risky
  • Anand Rathi: Subscribe
  • Angel Broking: Risky
  • Capital Market: Avoid
  • Dalal Street Investment Journal: Risky
  • Mehta Equities: Go for Long Term
Neogen Chemicals IPO Dates & Price Band: (Tentative)
  • IPO Open: 24-April-2019
  • IPO Close: 26-April-2019
  • IPO Size: Approx Rs.132 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.212 to 215 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 29,00,000 Shares
Neogen Chemicals IPO Market Lot:
  • Shares: Apply for 65 Shares (Minimum Lot Size)
  • Amount: Rs.13975
Neogen Chemicals IPO Allotment & Listing:
  • Basis of Allotment: 03-May-2019
  • Refunds: 06-May-2019
  • Credit to demat accounts: 07-May-2019
  • Listing: 08-May-2019
Listed Industry Peer Group Companies:
  • Aarti Industries
  • Atul Industries
  • Navin Flourine
  • Paushak
  • Vinati Organics
Read Also
IPO Grey Market Premium
IPO Subscription Numbers
IPO Listing Date

Neogen Chemicals Financial:
  Rs. in Crore
Revenue Expense PAT
2015 92.5 84.4 5.0
2016 109.0 100.6 5.1
2017 121.8 110.3 7.2
2018 164.7 147.4 10.5
2019 159.7 142.8 12.3
Company Promoters:
  • Haridas Thalarshi Kanani
  • Harin Haridas Kanan
Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

Neogen Chemicals IPO Registrar:
LINK INTIME INDIA PRIVATE LIMITED
Fax: +91 22 4918 6195
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Neogen Chemicals ipo allotment status on Linkintime website allotment url. Click Here

Neogen Chemicals IPO Lead Managers:
  • INGA ADVISORS PRIVATE LIMITED
  • BATLIVALA  &  KARANI  SECURITIES  INDIA  PRIVATE LIMITED
Company Address:
Neogen Chemicals Limited
1002, 10th Floor,
Dev Corpora Bldg,
Opp. Cadbury Junction,
Off Pokhran Road No. 2,
Khopat, Thane - 400601,
Maharashtra
Tel:+91 22 25497300
Fax:+91 22 2549 7399
Email:[email protected]
Website: www.neogenchem.com

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will start)

5 comments:

  1. Very high P/E Multiple of 45. Larger & more respected peers are trading at much lower multiples that too in phase of rich valuations. 2017-18 EPS was a meager Rs. 5.25.

    Environmental Clearance of Neogen's factory in Vadodara, Padra Region is not in order. They are producing chemicals which are not covered in their EC. Getting expansion for further chemical production in Padra region is highly unlikely due to Padra Policy and excessive chemical pollution caused on the Effluent Canal by Dyes & Pigments producers.

    Bromine (Neogen's main raw material) Production is tightly controlled by a few large global players and prices of RM are erratic. There is very little bargaining power with users of Bromine.

    Would stay away from subscribing to this IPO.

    ReplyDelete
  2. I don’t agree with your evaluation. Neogen is a multinational company based in USA, having its presence in many countries. This entity is a sister company of Neogen Corporation, which has a global presence. I am sure Neogen will support this IPO to make it a big success. I think it will be a good investment.

    Let’s wait for the IPO to be out.

    ReplyDelete
  3. yes if it is international co.Price at which it is offrred will be supported by co.Moreover issue of rs 125/- cr. is peanut for market.

    ReplyDelete
  4. 78 shares @190 comes to Rs 14820/- Pl confirm your amt Rs 14890/-

    ReplyDelete