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22 August 2019

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 Money Payable On
Opens On Closes On Application Allotment
24-Apr-19 26-Apr-19 (Rs)215.00-0.00 (Rs)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 (Rs)215.00  
 
Projects
Prepayment or Repayment of all or a portion of certain Borrowings availed by the companyLong Term Working Capital
Early Redemption of the 9.8% FRCPSGeneral Corporate Purposes
Promoted By
Haridas Thakarshi Kanani  
Harin Haridas Kanani  
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS