Aditya Birla
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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 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 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
Link Intime India Pvt Ltd
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Securities Broking is through Aditya Birla Money Limited: SEBI Registration No. NSE/BSE/MCX/NCDEX:INZ000172636 ; NSDL /CDSL: IN-DP-17-2015. PMS - INP 000003757, Research Analyst –INH000002145, Investment Adviser - INA000009214. Central Insurance Repository Limited: IRDA/IR2/2014/312. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the risk disclosure document, rights and obligations, guidance note, Do’s and Don’ts and policies and procedure carefully before making any investment decision. Brokerage will not exceed the SEBI prescribed limit. Margins as prescribed by Exchange / SEBI will be applicable.
Corporate Office: Sai Sagar, 2nd & 3rd Floor, Plot No.M-7, Thiru-Vi-Ka (SIDCO) Industrial Estate, Guindy, Chennai 600032. Regd. office: Indian Rayon Compound, Veraval, Gujarat - 362 266 | E-mail: care.stocksandsecurities@adityabirlacapital.com | CIN L65993GJ1995PLC064810 | Tel: +91-44-49490000 / 4949 0200 | Website: stocksandsecurities.adityabirlacapital.com