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

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

+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 closed its QIP, allotting 26,60,753 equity shares at Rs 2,255 per share to qualified institutional buyers. This is a premium of Rs 2,245 over the face value of Rs 10. Total issue size is around Rs 600 crores. The QIP opened on September 10, 2026 and closed on September 16, 2026. Board approval was obtained on July 24, 2026 and shareholder approval on August 21, 2026.

Likely market impact

QIP brings about Rs 600 crores of fresh capital but will dilute equity for existing shareholders as new institutional investors join the cap table.