Business Standard

Neogen Chemicals Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

132.35 cr

Price Range (₹)

215

Lot Size

65

Min Investment (₹)

13,975.00

Listing Exchange

MumbaiNSE

Open Date

24-Apr-2019

Close Date

26-Apr-2019

Listing Date

08-May-2019

Neogen Chemicals Ltd News

    The Shares of Neogen Chemicals Ltd have now been listed.

    Neogen Chemicals Ltd IPO Details

    Initial Public Offer of 6,155,813 equity shares* of face value of Rs.10 each (equity shares) of Neogen Chemicals Limited (the company) for cash at a price of Rs. 215 per equity share (including a share premium of Rs. 205 per equity share) aggregating Rs. 132.35 Crores* (offer). The offer comprises of a fresh issue of 3,255,813 equity shares aggregating Rs. 70 Crores by the company (fresh issue) and an offer for sale of 1,699,600 equity shares by haridas thakarshi kanani (promoter selling shareholder) and 1,200,400 equity shares by beena haridas kanani (promoter group selling shareholder, and along with the promoter selling shareholder collectively referred to as the selling shareholders) aggregating Rs. 62.35 Crores (offer for sale). The offer constitutes 26.38%* of the post-offered paid up equity share capital of the company. *subject to finalisation of basis of allotment The face value of the equity shares is Rs.10 each.The Issue price is Rs. 215 and the offer price is 21.50 times the face value of the equity shares. Bids can be made for a minimum of 65 Equity Shares and in multiples of 65 Equity Shares thereafter.

    Objective of issue

    Prepayment or Repayment of all or a portion of certain Borrowings availed by the company. Early Redemption of the 9.8% FRCPS. Long Term Working Capital. General Corporate Purposes.

    Neogen Chemicals Ltd Contact Details

    Neogen Chemicals Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investor@neogenchem.com

    Website - www.neogenchem.com