One of India’s largest speciality chemicals and Bromine derivative making companies, Neogen Chemicals Limited, is going to float its Initial Public Offering or IPO, for which the company has received regulatory approvals.

The proposed IPO comprises new issuance of shares aggregating up to Rs70.00 crore and an offer-for-sale of upto Rs29.00 lakh by promoters, Haridas Thakarshi Kanani and Beena Haridas Kanani combinedly holding 80.8% stake in the company, as per DRHP filed by the company.

The Sebi issued final observations to the IPO proposal on 8th February, as per info showed on the regulator’s website.

Inga Advisors Pvt Limited and Batlivala and Karani Securities India Pvt. Limited are managing the IPO of Neogen Chemicals.