Support and Resistance Levels
Past performance
About Neogen Chemicals Ltd Neogen Chemicals Limited, established in 1989 and headquartered in Thane, Maharashtra, is a leading Indian manufacturer of specialty chemicals, including bromine-based compounds, lithium salts, and Grignard chemicals. The company specializes in custom synthesis and contract manufacturing, providing process innovation to reduce operating costs for clients. Neogen operates facilities in Mahape, Navi Mumbai, and Karakhadi, Vadodara, with a new green-field unit in development at Dahej SEZ, Gujarat.
In April 2019, Neogen went public with an IPO, raising Rs 132.35 Crores. The company's production capacity significantly expanded, especially with the commencement of organic chemical operations at Dahej SEZ in 2021-22, increasing its reactor capacity to 407 kilolitres. In 2023, Neogen acquired BuLi Chemicals India Private Limited and ventured into the lithium-ion battery electrolyte market through a technology license agreement with MU Iconic Solutions Corporation. The formation of Neogen Ionics Limited marks its strategic expansion into new chemical markets.