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IPO 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.
Opens On Closes On
Issue 24-Apr-19 26-Apr-19
Application Allotment
Money Payable On 215.00 0.00
Minimum Application for shares in Nos : 65 Further Multiples of : 65
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 132.35 Batlivala & Karani Securities India Pvt Ltd
Project Financed through Current Offer (rupee.Cr) 132.35  
Post Issue Equity Share Capital (rupee.Cr) 23.33
Issue Price (rupee) 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
Minimum Application for shares in Nos : Further Multiples of :
Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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