New Delhi, May 8 -- Shares of Neogen Chemicals Ltd made a strong debut on stock markets on Wednesday. It was listed at Rs.260, up 21% from its issue price of Rs.215 per share. The Rs.132-crore public offer that was open from 24-26 April, was oversubscribed 41.18 times.

The initial public offering (IPO) comprises of fresh issue and offer for sale.

The company's total income on consolidated basis for 9-month period December 31, 2018 and fiscal 2018 was Rs.159.68 crore and Rs.164.67 crore respectively. Its profit for the year on a consolidated basis for the 9-month period December 31,2018 and Fiscal 2018 was Rs.12.22 crore and Rs.10.49 crore respectively.

Neogen Chemicals Ltd is manufacturers of bromine -based, and lithium-based, specialty ...