Neogen Chemicals raises about 600 crore via QIP at 2,255 per share

QIP at a premiumMarquee QIP investorFund 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

+4.1%Reaction day

₹2302.00

prior close

₹2300.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.8%+3.2% vs market

Specialty Chemicals peers, median of 100sector+1.1%+3.0% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.0 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

+1.5

10m

+2.9

15m

+2.2

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.1+0.8+3.2+1.1+3.0

Next day

+7.5+2.5+5.1+1.6+6.0

+2.7+2.3+0.4+1.9+0.7

+3.6+2.8+0.8+2.0+1.6

+4.1+4.1+0.0+3.2+0.9

+1.0+2.5-1.5+2.1-1.1

+4.1+1.2+2.9+0.9+3.2

15d

+3.6-0.8+4.4-1.5+5.1

+7.6-1.7+9.3-1.5+9.1

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 100Pending

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

AI summary

Neogen Chemicals allotted 26,60,753 equity shares via QIP at 2,255 per share (2,245 premium over face value), raising about 600 crore. Issue price was higher than the floor price of 2,189.73. Allottees include ICICI Prudential, Invesco, Mirae Asset, SBI Life Insurance, WhiteOak Capital, Axis Mutual Fund and Abu Dhabi Investment Authority. Paid-up equity capital rose from 27.38 crore to 30.04 crore.

Likely market impact

600 crore raised from marquee institutional investors at a premium to floor price, signalling strong demand. About 9.7 percent dilution for existing shareholders.