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

QIP at a premiumMarquee QIP investorFund Raising View source PDF Explain this filing

NEOGEN · price

Loading chart…

▲ 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

—————

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 26.6 lakh equity shares via QIP at Rs 2,255 each, above the floor price of Rs 2,189.73, raising about Rs 600 crore. Investors include ADIA, SBI Life Insurance, ICICI Prudential, Invesco, Mirae Asset, WhiteOak Capital, and Axis Mutual Fund. Paid-up equity capital rose from Rs 27.38 crore to Rs 30.04 crore.

Likely market impact

Raises Rs 600 crore for growth; dilution of about 9.7% as share count rises by 26.6 lakh. Issue priced above floor shows strong demand.