Neogen Chemicals Ltd.
No. 1002, 10th Floor, Dev Corpora Bldg, Opp. Cadbury Junction, Thane, Maharashtra - 400601
Phone: 25497300 Fax: 25497399

Public Issue of 6155814 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 205.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
24/04/201926/04/2019215.00 -
Lead Managers Registrar Listed at
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
Object of the issue

The Offer consists of a fresh issue by the Company (Fresh Issue) and an Offer for Sale by the Selling Shareholders.

Offer for Sale

The Selling Shareholders will be entitled to the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses and relevant taxes thereon. the Company will not receive any proceeds from the Offer for Sale. All expenses in relation to the Offer other than the listing fees (which shall be borne by the Company) shall be shared proportionately among the Company and the Selling Shareholders in accordance with applicable laws. Each Selling Shareholder shall reimburse the Company for all expenses incurred in relation to the Offer for Sale on behalf of such Selling Shareholder.

Objects of the Fresh Issue

The objects of the Fresh Issue are:

1. Prepayment or repayment of all or a portion of certain borrowings availed by the Company,
2. Early redemption of 9.8% FRCPS,
3. Long term working capital; and,
4. General corporate purposes.

Promoted by

The promoters of the Company are Mr. Haridas Thakarshi Kanani and Mr. Harin Haridas Kanani

1. Mr. Haridas Thakarshi Kanan : he is the Chairman and Managing Director of the Company. He oversees the manufacturing, research and development and general operation and management of the Company’s manufacturing units. He holds a bachelor’s degree in chemical engineering from the Indian Institute of Technology, Bombay. He has previously worked with Excel Industries Limited. He then founded Chem Ocean Industries which set up one of India’s first Bromine plants using indigenous technology at Navalakhi, Gujarat. Due to a flood in the 1970s the Bromine Plant was destroyed, and he set up the firm Chem Ocean Consultant which provided consultancy, technology and engineering technologies to set up Bromine plants for other companies. In 1985 he set up Prachi Chemicals to manufacture organic and inorganic bromides. He then later established the Company in 1989 and has since served on the Board of the Company.

Permanent Account Number : ABEPK4211A

Passport Number : J0680846

Voters ID Number : RCT5226840

Director Identification Number : 00185487

2. Mr. Harin Haridas Kanani : Harin Haridas Kanani is the Joint Managing Director of the Company. He heads various business divisions of the Company including research and development, business development, quality control, purchase, marketing and finance. He holds a bachelor’s degree in chemical engineering from the Indian Institute of Technology, Bombay and a master’s degree and a doctorate in chemical engineering from the University of Maryland. He has also served as a research fellow at the University of Maryland, where he has published 4 first author manuscripts in the field of chemical engineering, he has also presented various talks and presentations at national and international conferences. He has also participated in the Small and Medium Enterprises Programme from IIM Ahmedabad. He has previously worked with companies such as Asian Paints India Limited and as a senior research scientist at Pioneer Hi-Bred International Inc. in the United States. He joined the Company in 2008 as a general manager and has been on the Board of the Company as Joint Managing Director since the year 2017.

Permanent Account Number : ABEPK4212D

Passport Number : Z3270541

Voters ID Number : RCT5226873

Driving License : MH04/0057104/2018

Director Identification Number : 05136947