Announced Fri, 24 Jul · 19:32 IST
Board clears Rs 600 cr QIP; Q1 PAT up 37% YoY
Fund Raising View source PDF
NEOGEN · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹2055.00
prior close
₹2135.00
base price
After-mkt
timing
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-3.4-3.5-2.3-1.0——————————
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AI summary
Neogen Chemicals board approved raising up to Rs 600 cr via QIP or other permissible modes. Q1 FY27 standalone revenue rose 37% YoY to Rs 252.28 cr; PAT up 37% to Rs 19.44 cr. Consolidated PAT grew 67% to Rs 17.11 cr. 37th AGM on Aug 21, 2026. Crisil downgraded NCD ratings; coupon rose from 10.50% to 11% on Rs 200 cr NCDs. Rs 161 cr preferential issue to promoter group was completed in April.
Likely market impact
Potential equity dilution from Rs 600 cr QIP; strong Q1 results are positive, but NCD downgrade raises borrowing costs.