Neogen Chemicals IPO GMP History
Neogen Chemicals IPO has been listed on May 8, 2019 at a listing price of ₹251, against the issue price of ₹215 — a gain of ₹36 (+16.74%). The GMP peaked at ₹47.5 on 7 May 2019 and reached a low of ₹17.5 on 21 April 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Neogen Chemicals IPO raised ₹132.35 Cr. through its IPO at a price band of ₹212 to ₹215 per share, with a lot size of 65 shares. The IPO was open for subscription from 24 Apr 2019 to 26 Apr 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 07 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 06 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 05 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 04 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 03 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 02 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 01 May 2019 | ₹ 47.5 | — | 22% | — | — |
| 30 Apr 2019 | ₹ 47.5 | — | 22% | — | — |
| 29 Apr 2019 | ₹ 47.5 | — | 22% | — | — |
| 28 Apr 2019 | ₹ 47.5 | — | 22% | — | — |
| 27 Apr 2019 | ₹ 47.5 | ▲ | 22% | — | — |
| 26 Apr 2019 | ₹ 37.5 | — | 17% | — | — |
| 25 Apr 2019 | ₹ 37.5 | ▲ | 17% | — | — |
| 24 Apr 2019 | ₹ 27.5 | — | 13% | — | — |
| 23 Apr 2019 | ₹ 27.5 | — | 13% | — | — |
| 22 Apr 2019 | ₹ 27.5 | ▲ | 13% | — | — |
| 21 Apr 2019 | ₹ 17.5 | — | 8% | — | — |
| 20 Apr 2019 | ₹ 17.5 | — | 8% | — | — |
| 19 Apr 2019 | ₹ 17.5 | — | 8% | — | — |
| 18 Apr 2019 | ₹ 17.5 | — | 8% | — | — |
| 17 Apr 2019 | ₹ 17.5 | — | 8% | — | — |
Neogen Chemicals IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 24 Apr 2019
- Close 26 Apr 2019
- Allotment 03 May 2019
- Refund/credit 06 May 2019
- Listing 08 May 2019
Neogen Chemicals IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹215 |
|---|---|
| GMP-based estimate (pre-listing) | ₹262 (+21.9%) |
| Listing gain / loss | +₹36 per share |
| Listing date | 08 May, 2019 |
| Actual listing price | ₹251 (+16.74%) |
Is Neogen Chemicals IPO GMP reliable?
Grey market premium for Neogen Chemicals IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Neogen Chemicals IPO full review for a fundamentals-based assessment before making any grey market trades.
Neogen Chemicals IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Neogen Chemicals IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Neogen Chemicals IPO
Neogen Chemicals Limited is a Mahape, Navi Mumbai based maker of bromine based and lithium based speciality chemicals. Its promoters are Haridas Thakarshi Kanani and Harin Haridas Kanani.
It makes both organic and inorganic chemical compounds.
Its chemicals are used in pharma intermediates, agrochemical intermediates, engineering fluids, electronic chemicals, polymer additives and water treatment.
The IPO was Rs 132.35 crore, with Rs 70.00 crore of fresh issue and Rs 62.35 crore of offer for sale, at Rs 215, the top of the Rs 212 to Rs 215 band. The fresh money was for repaying borrowings, redeeming preference shares and working capital.
Frequently asked
What is the GMP of Neogen Chemicals IPO?
The current Grey Market Premium (GMP) of Neogen Chemicals IPO is ₹ 47.5.
What is the Kostak Price of Neogen Chemicals IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Neogen Chemicals IPO is not available.
What is the Subject to Sauda Price of Neogen Chemicals IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Neogen Chemicals IPO?
Neogen Chemicals IPO listed on May 8, 2019 at ₹251, against the issue price of ₹215 — a gain of +16.74%.
How did the GMP of Neogen Chemicals IPO trend before listing?
The GMP of Neogen Chemicals IPO was stable in its final days before listing. The GMP peaked at ₹47.5 on 7 May 2019. View the day-wise table above for the complete GMP history.
Explore Neogen Chemicals IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
