Neogen Chemicals IPO
Neogen Chemicals Limited (NEOGEN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 May 2019.
Listed 8 May
Subscribed 41.2x
Listing gain +16.7%
Issue details
Price band
₹212–215
Issue price
₹215
Lot size
65 shares
Min. retail bid
₹13,975
Max. retail bid
14 lots (₹1,95,650)
Issue size
₹133 Cr
Face value
₹10
Bidding
24 Apr – 26 Apr 2019
Listing
08 May 2019
Retail quota
35%
Registrar
Link Intime India Private Limited
Listing day
Listed at
₹251
+16.7% vs issue price ₹215
Day's high
₹264
+22.6% · low ₹250 (+16.5%)
Day's close
₹264
+22.6% · traded ₹34.8 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 12,28,094 | 3,74,48,580 | 30.5x | |
| NII (HNI) total | 9,30,283 | 10,59,42,525 | 114x | |
| Retail | 21,70,661 | 3,48,60,475 | 16.1x | |
| Total | 43,29,038 | 17,82,51,580 | 41.2x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Neogen Chemicals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| GNA AxlesSep 2016 | 17.2x | 217x | 11.8x | 54.9x | ₹130 Cr | +21.7% | +26.5% |
| TeamLease ServicesFeb 2016 | 27.0x | 185x | 10.6x | 66.0x | ₹450 Cr | +1.2% | +21.4% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| RITESJun 2018 | 71.7x | 195x | 15.7x | 67.2x | ₹799 Cr | +2.7% | +21.4% |
| S Chand and CompanyApr 2017 | 44.3x | 205x | 6.07x | 59.5x | ₹737 Cr | +4.5% | +4.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Inga Advisors | — | — | — |
| Batlivala & Karani Securities India | 2 | +30.1% | 100% |
Offer documents (NSE)
Frequently asked
What is the Neogen Chemicals IPO price band and lot size? ₹212–215 per share, with a lot of 65 shares, so the smallest retail bid is ₹13,975.
How many times has it been subscribed? 41.2x overall: QIB 30.5x, NII 114x, retail 16.1x.
How did it list? It opened at ₹251, +16.7% against the issue price of ₹215, and closed its first day +22.6%.
Other IPOs of 2019
Prince Pipes and FittingsUjjivan Small Finance BankCSB BankVishwaraj Sugar IndustriesIndian Railway Catering and Tourism CorporationSterling & Wilson SolarAffle IndiaIndiaMART InterMESH
All 2019 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
