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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment or repayment of borrowings
Prepayment or repayment of certain borrowings availed by the company.
Redemption of FRCPS
Redemption of 9.8% Financial Redeemable Cumulative Preference Shares.
Funding working capital requirements
To meet long-term working capital requirements of the business.
General corporate purposes
To fund general corporate expenses and strategic initiatives.
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(₹ in Crore)
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Neogen Chemicals Limited is one of India's leading manufacturers of bromine-based and lithium-based specialty chemicals. The company manufactures specialty organic bromine compounds, inorganic bromine salts, organic lithium compounds, and specialty advanced intermediates used across diverse industrial sectors. Its product portfolio comprises over 200 chemical products serving pharmaceuticals, agrochemicals, engineering, HVAC refrigeration, and energy storage applications. Incorporated in 1989 by Haridas Thakarshi Kanani, a chemical engineer from IIT Bombay, the company has expanded its manufacturing capabilities across units in Mahape (Thane, Maharashtra) and Karakhadi (Vadodara, Gujarat). The business operates dedicated research and development laboratories for custom synthesis and process optimization, led by co-promoter Harin Haridas Kanani. Neogen Chemicals maintains a strong domestic footprint and exports to international markets across Europe, North America, Japan, and the Middle East. With expanding capacities in specialty lithium salts and battery materials, the company continues to position itself as a key supplier for advanced chemical synthesis globally.
Neogen Chemicals Limited allocated 18,46,715 equity shares to anchor investors at Rs 215 per share, raising Rs 39.70 crore. Key anchor investors included SBI Mutual Fund (SBI Contra Fund, SBI Magnum Comma Fund), Axis Mutual Fund, Sundaram Mutual Fund, and L&T Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 9:43 PM
Leading Player in Niche Chemistry
Neogen is a specialized manufacturer of bromine and lithium-based specialty chemicals with established proprietary expertise.
Established Customer Relationships
The company maintains long-standing relationships with leading pharmaceutical and agrochemical manufacturers across domestic and export markets.
Experienced Management Team
Led by technocrat promoters with extensive industry experience and technical background in chemical engineering.
Raw Material Price Volatility
Fluctuations in the prices and availability of raw materials like bromine and lithium can impact operational margins.
High Debt and Working Capital Intensity
The business requires substantial working capital and carries significant debt to fund ongoing capacity expansions.
Environmental & Regulatory Compliance
Chemical manufacturing is subject to stringent environmental regulations and strict waste disposal compliance.
Neogen Chemicals Limited
1002, 10th Floor, Dev Corpora Building, Opp. Cadbury Junction, Eastern Express Highway, Pokhran Road No. 2, Khopat, Thane (West) 400601, Maharashtra, India
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