Neogem [I] Ltd. was formally created and deployed as a legal entity on September 21, 1991, as a public limted company and obtained a certificate of commencement of business on December 9 1991. Neogem [I] Ltd. manufactures plain gold and studded gold jewellery at SEEPZ (SEZ), Mumbai after receiving a letter of intent in February 1991. In April 1, 1993, the company formally introduced a public issue of Rs. 530 lacs at par and listed itself on Bombay Stock Exchange. This issue financed the unit of jewellery manufacture at SEEPZ, Mumbai.