
Materials & Chemicals · NSE / BSE
Neogen Chemicals, established in 1991 and based in Mahape, Navi Mumbai, is a manufacturer of specialty chemicals in India, focusing on bromine-based and lithium-based compounds. The company produces both organic and inorganic chemicals that are widely used in several industries including pharmaceuticals, agrochemicals, engineering fluids, electronics, polymers, water treatment, construction, and the fragrance and flavor sector. As of February 28, 2019, Neogen had developed a portfolio of 198 products, consisting of 181 organic and 17 inorganic chemical compounds. These products are sold not only in India but also exported to regions like Europe, Japan, and the United States. The company operates manufacturing facilities in Navi Mumbai, Maharashtra, and Karakhadi, Vadodara, Gujarat. To support future growth, Neogen is planning to expand its production capacity by developing additional units at its Vadodara site and setting up a greenfield facility in Dahej, which will be focused on manufacturing inorganic chemicals. Currently, the company produces around 1,30,400 liters of organic chemicals and 1.2 million kilograms of inorganic chemicals annually.
Price Band
₹212 – ₹215
Issue Size
₹132 Cr
Lot Size
65 shares
GMP
Est. Listing
₹215
at current GMP
Subscribed
—
Open
24 Apr 2019
Close
26 Apr 2019
Allotment
3 May 2019
Refund
4 May 2019
Demat Credit
5 May 2019
Listing
8 May 2019
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹215
Band: ₹212 – ₹215
Estimated Listing Price
₹215
Upper price + GMP
Lot Size
65 shares
Min investment ₹13,975
Estimated Profit / Lot
₹0
65 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹215 |
| 30 Oct 2026 | — | 0.0% | ₹215 |
| 29 Oct 2026 | — | 0.0% | ₹215 |
GMP is unofficial market data. Not a guarantee of listing performance.
Neogen Chemicals Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹132 Crores. The shares are offered at a price band of ₹212 to ₹215 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-04-26, the basis of allotment is scheduled to be finalized on 2019-05-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Neogen Chemicals Limited IPO is ₹0, which indicates an expected listing price of ₹215.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.