Neogen's step-down subsidiary NML approves Rs 76.8 cr preferential issue to Morita

Qip At 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

+0.8%Reaction day

₹2377.00

prior close

₹2395.20

announcement price

After-mkt

timing

Nifty Microcap 250market-1.6%+2.4% vs market

Specialty Chemicals peers, median of 99sector-1.3%+2.1% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.1 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

-0.9

10m

-0.9

15m

-0.8

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8-1.6+2.4-1.3+2.1

Next day

+1.8-0.6+2.4-2.2+4.0

+3.1-0.8+3.9-2.3+5.3

+1.4-2.1+3.5-3.1+4.5

-2.6-2.1-0.5-3.3+0.8

+2.5-0.8+3.3-2.0+4.4

+0.0-3.8+3.8-3.6+3.6

15d

-0.7-6.9+6.2-7.2+6.4

-5.3pendingpending-8.9+3.5

—————

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 99Pending

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

AI summary

Neogen Chemicals' step-down subsidiary NML will issue 7,20,000 equity shares at Rs 1,066.66 each (face value Rs 10, premium Rs 1,056.66) on preferential basis to Morita Investment Ltd, an arm of Japan's Morita Chemicals. Total: Rs 76.8 crore. Part of the JV between Neogen Ionics and Morita signed Aug 2025. Post-issue, Morita will hold 9.09% in NML. Shareholders approved at today's EGM.

Likely market impact

JV partner Morita invests Rs 76.8 crore in step-down subsidiary, taking 9.09% stake and deepening the tie-up. No dilution at parent level.