The anchor investors include SBI Contra Fund, SBI Magnum Comma Fund, SBI Long Term Advantage Fund Series; SBI Long Term Advantage Fund Series V, Axis Mutual Fund Trustee Ltd – Axis Small Cap Fund, Sundaram Mutual Fund – Sundaram Small Cap Fund , L&T Mutual Fund Trustee Ltd – L&T Emerging Opportunities Fund – Series I.
Neogen Chemicals’ initial public offer to raise up to Rs 132.35 crore will open on April 24. The IPO consists of a fresh issue aggregating up to Rs 70 crore by the company and an offer for sale of up to 29,00,000 shares by promoters Haridas Thakarshi Kanani and Beena Haridas Kanani .
The company is offering shares in the price band of Rs 212-215 per share, and the issue closes on April 26.
Neogen manufactures specialty organic bromine-based chemical compounds and other specialty organic chemical compounds as well as specialty inorganic lithium-based chemicals compounds.
They commenced their business operations in 1991, at Mahape, Navi Mumbai manufacturing facility with a few Bromine Compounds and Lithium Compounds.
As on February 28, Neogen has manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals.
