Neogen Chemicals QIP opens; floor price fixed at Rs 2,189.73

Fund Raising View source PDF Explain this filing

NEOGEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.0%Reaction day

₹2388.00

prior close

₹2390.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.1%-0.1% vs market

Specialty Chemicals peers, median of 101sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 pts more 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

-3.6

10m

-4.5

15m

-3.8

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0+0.1-0.1-0.8+0.8

Next day

-2.3-3.2+0.8-3.5+1.1

-3.6-3.3-0.3-3.3-0.3

+0.3-2.5+2.8-2.1+2.4

+3.7-0.9+4.6-1.3+5.0

-1.0-1.1+0.0-1.1+0.1

+0.3+0.6-0.3+0.2+0.2

15d

+2.0-1.4+3.4-2.4+4.4

+6.8-3.3+10.1-3.2+10.0

—————

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 101Pending

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

AI summary

Neogen Chemicals has opened its Qualified Institutions Placement (QIP) of equity shares with face value Rs 10 each. The Fund-Raising Committee on September 10, 2026 approved the issue opening and fixed the floor price at Rs 2,189.73 per share as per SEBI pricing formula. The company may offer up to 5 percent discount on this floor price. Final issue price will be decided in consultation with lead managers. Board approved the QIP on July 24, 2026 and shareholders approved it on August 21, 2026.

Likely market impact

Fresh equity issuance via QIP may dilute existing shareholders. Floor price of Rs 2,189.73 sets near-term valuation benchmark for the stock.