Neogen Chemicals Limited was established in 1989 . Currently, it is having head office in Maharashtra. Neogen works in the sector of Neogen Chemicals Limited is work in chemical sector. . Neogen has experience of 31 .
It is one of the famous and leading manufacturers of bromine-based, and lithium-based, specialty chemicals. Following are the firm’s possibility to stand in market of Chemicals products:- 1. Organic Chemicals:- Under such chemicals, the firm includes carbon in combination with hydrogen, and, or, other elements with a covalent bond (i.e. a chemical bond atoms sharing at least one pair of electrons between them). 2. Inorganic Chemicals:- These chemicals includes an ionic bond and Lithium Compounds. Lithium compounds are used in eco-friendly Vapor Absorption Machines (VAM) for cooling air/water/process equipment and find application in industries like heating ventilation and air-conditioning (HVAC) and refrigeration, construction chemicals, pharmaceutical and specialty polymer.
For the year ended 31-Mar-18 Rs.1,646.75 Company revenue (in Million). For the year ended 31-Mar-18 Rs. 104.97 Company profit (in Million). Neogen Chemicals Limited Company's promotors are as under: 1) Haridas Thakarshi Kanani 2) Harin Haridas Kanani
Neogen IPO issue open date is 24th April 2020 and close date is 26th April 2020 . The face value for Neogen Chemicals Limited IPO is Rs 10 per equity share. The total IPO size is approx Rs 132 crore.
The price band for Neogen is Rs 212 to Rs 215. The lot size for Neogen IPO is a minimum of 65 shares to maximum 910 shares. This IPO will be listed on BSE and NSE. Neogen IPO total equity is 2900000 shares.
Neogen IPO Market Lot and Investment Amount permalink
To invest in Neogen Chemicals Limited's initial public offering starting from 24th April 2020 you need to invest minimum Rs 13780, however you can also invest up to Rs 195650, considering the upper price of IPO Rs 215 and maximum allottable shares (910 shares). To apply for the maximum number of share you need to bid for 14 lots, one lot is having 65 shares.
Neogen IPO was subscribed only 41.18 Times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 1228094 shares and received bids for 37444586 shares which is 30.49 times of total meant for QIB category.
Neogen Chemicals Limited's IPO was subscribed 27% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 930283 and bid for 105940628 shares received . Bid from NII for Neogen Chemicals Limited's IPO is 113.88 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 2170661 and bid for 34426683 shares received . Bid from RII for Neogen 's IPO is 15.86 times of total meant for RII category.
The total number of shares offered were 4329038 and bid for 177793590 shares received .