Neogen Chemicals IPO Review


About NEOGEN Chemicals


Neogen Chemicals Ltd is a 27 year old company specialising
in Bromine based compounds, Grignard Reagents and
Inorganic Lithium Salts.
The company was founded by Mr H T Kanani, a chemical
engineer from IIT Mumbai.
Over the years Neogen has developed several Bromine
based intermediates and is a leading 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 customers.
A number of Neogen customers 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, we 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.
Apart from catering to the domestic market, the company has,
so far, exported to 27 countries in the world including USA,
UK, France, Germany, Spain, Italy, Japan, Mexico, Canada,
South Korea, Netherlands, Belgium, Switzerland, Sweden,
Denmark, Greece, Poland, Czech Republic, UAE, Saudi Arabia,
Israel, Egypt, Taiwan, Australia, Ireland, and China.
Among these, Europe (UK, Spain, France, Germany and Italy),
USA, and Japan remain the largest markets outside of India

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: Risky
  • Dalal Street Investment Journal: Risky
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: 09-May-2019
Listed Industry Peer Group Companies:
  • Aarti Industries
  • Atul Industries
  • Navin Flourine
  • Paushak
  • Vinati Organics
Neogen Chemicals IPO Registrar:
Fax: +91 22 4918 6195
Investor Grievance E-mail:

Company Address:
Neogen Chemicals Limited
1002, 10th Floor,
Dev Corpora Bldg,
Opp. Cadbury Junction,
Off Pokhran Road No. 2,
Khopat, Thane - 400601,
Tel:+91 22 25497300
Fax:+91 22 2549 7399