INSUBCONTINENT EXCLUSIVE:
Neogen Chemicals is a manufacturer of bromine- and lithium-based specialty chemicalsNeogen Chemicals' Rs 132-crore IPO or initial public
offer was subscribed more than two times on Thursday
Mumbai-based Neogen Chemicals' IPO, which comprises a fresh issue of shares worth Rs
70 crore and an offer for sale (OFS) worth Rs
62 crore, opened for subscription on Wednesday, and will close on Friday, April 26
Neogen Chemicals is a manufacturer of bromine- and lithium-based specialty chemicals
( Neogen Chemicals initial public offer opens
Neogen Chemicals IPO.The chemicals manufacturer has set a price band of Rs
212-215 for the initial public offer
The Neogen Chemicals IPO can be subscribed in lots of 65 shares.The company aims to utilise the proceeds towards repayment of borrowings,
early redemption of fully redeemable cumulative preference shares and long-term working capital, according to its red herring prospectus
filed with markets regulator Sebi (Securities and Exchange Board of India).Neogen Chemicals commenced business operations in 1991, at its
manufacturing facility in Mahape, Navi Mumbai
Over the years, the company has expanded its range of products, which find application across various industries within the country and
abroad.As of February 28, 2019, Neogen Chemicals has manufactured an aggregate of 198 products comprising 181 organic chemicals and 17
inorganic chemicals, according to its red herring prospects.Get the latest election news, live updates and election schedule for Lok Sabha
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