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IPO Synopsis

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
Opens On Closes On
24-Apr-19 26-Apr-19
Money Payable On
Application Allotment
215.00 0.00
Minimum Application for shares in Nos : 65 Further Multiples of : 65
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 132.35 Batlivala & Karani Securities India Pvt Ltd
Project Financed through Current Offer (Rs.Cr) 132.35  
Post Issue Equity Share Capital (Rs.Cr) 23.33
Issue Price (Rs) 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
No Data Available
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
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