All that you need to know: Neogen Chemicals IPO

Jainam Research | April 23, 2019, 12:35 p.m.

Recommendation
Neogen Chemicals Ltd. is one of Indias leading manufacturers of bromine-based, and lithium-based, specialty chemicals. Specialty chemicals, including bromine and lithium-based compounds, comprise pharmaceutical intermediates, agrochemical intermediates, engineering, fluids, electronic chemicals, polymer additives, water treatment chemicals, construction chemicals and flavitss and fragrances. We recommend our investor to “Avoid” the Neogen Chemicals Ltd. IPO considering lower profitability margin, higher competition, high debt, lower interest coverage, poor working capital management and higher valuation.



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