All that you need to know about Neogen Chemicals IPO

HDFC Sec | April 22, 2019, 12:44 p.m.

Objects of Issue:
The Offer comprises of the Fresh Issue and the Offer for Sale.
Offer for Sale
Each of 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. NCL shall not receive any proceeds from the Offer for Sale.
The objects of the Fresh Issue are:
Prepayment or repayment of all or a portion of certain borrowings availed by the Company; Early redemption of 9.8% FRCPS; Long term working capital; and General corporate purposes.

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