SME IPO Neochem Bio: From issue price, risk to valuation, check all details
Neochem Bio Solutions, a specialty performance chemicals manufacturer, plans to raise Rs 44.97 crores through an SME IPO by offering 0.46 crore shares. The IPO will close on December 04, with a price range of Rs 93 to Rs 98 per share. However, the company's sole manufacturing unit in Ahmedabad, along with high working capital needs and delayed customer payments, poses a risk.