Announced Fri, 24 Jul · 20:11 IST
Neogen Chemicals: Rs 161 cr preferential issue funds fully utilised
Fund Raising View source PDF
NEOGEN · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹2055.00
prior close
₹2135.00
base price
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-3.4-3.5-2.3-1.0——————————
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AI summary
Neogen Chemicals raised Rs 161 crore via preferential equity issue on April 18, 2026. As of June 30, 2026, the entire amount has been fully utilised with no deviation. Rs 100 crore was invested in subsidiary Neogen Ionics for the Pakhanjan project capex, Rs 21 crore for working capital, and Rs 40 crore for general corporate purposes, used to adjust an SBI cash credit facility. CRISIL has issued its final monitoring agency report.
Likely market impact
Positive compliance signal. Company deployed all preferential issue funds on stated objects with no deviation, including subsidiary capex and debt adjustment.