Neogen Chemicals: Board approves Rs 600 cr fund raising plan, Q1 profit up

Fund Raising View source PDF Explain this filing

NEOGEN · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹2055.00

prior close

₹2135.00

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%-1.0% vs market

Specialty Chemicals peers, median of 94sector+1.8%-1.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.5 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.4

10m

-3.5

15m

-2.3

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.3-1.0+1.8-1.5

Next day

-1.6+0.0-1.6+0.6-2.1

-0.4+0.5-0.9+0.9-1.4

-3.1-0.1-3.0-0.0-3.1

-1.9+1.0-3.0+0.1-2.0

-0.7+2.4-3.1+1.3-2.1

-2.1+4.1-6.2+1.9-4.0

15d

+10.1+5.1+5.0+1.6+8.5

+8.4+5.8+2.6+2.7+5.8

+16.6+4.5+12.1+4.0+12.6

+6.1-2.4+8.5-5.0+11.1

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Neogen Chemicals board approved raising up to Rs 600 crores via equity shares, QIP or other eligible instruments in one or more tranches. Q1 FY27 standalone profit rose to Rs 19.44 cr from Rs 14.23 cr YoY, revenue at Rs 252.28 cr. Crisil downgraded ratings to A-/Negative (long-term) and A2 (short-term); NCD coupon hiked to 11% from 10.50%. Record date Aug 13 for FY26 dividend. AGM on Aug 21.

Likely market impact

Possible equity dilution ahead. Rating downgrade is negative. Q1 profit growth and dividend record date are positives for shareholders.