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Neogen Chemicals Ltd

Registered Office: 1002 10th Flr Opp Cadbury Junc,Dev Corpora Bldg Off Pok RdNo2, Thane - 400601, Maharashtra, India.
Phone : 91-22-2549 7300   Fax:91-22-2549 7399
Email :  investor@neogenchem.com  
Website :  www.neogenchem.com

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.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Apr-19 26-Apr-19 215.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 65   Further Multiples of : 65
  Rs Cr Lead Managers to the Issue
Project Cost 132.35 Batlivala & Karani Securities India Pvt Ltd
Project Financed through Current Offer 132.35  
Post Issue Equity Share Capital 23.33  
Issue Price 215.00  

Projects

  • 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

Promoted By

Haridas Thakarshi Kanani

Harin Haridas Kanani

Listing At

BSE

NSE

Registrar to the Issue

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