Neogen Chemicals launches QIP issue to raise funds amounting to Rs 600 crore
Mumbai, Sept. 11 -- The committee fixed 10 September 2026 as the relevant date for the issue and approved a floor price of Rs 2,189.73 per equity share, determined in accordance with SEBI regulations.
The floor price represents a discount of 8.25% to the previous closing price of Rs 2,386.55 on the BSE. The company may offer a discount of up to 5% on the floor price, subject to applicable regulations.
The QIP has been launched pursuant to the board approval dated 24 July 2026 and the special resolution passed by shareholders at the Extraordinary General Meeting held on 21 August 2026.
The issue comprises equity shares of face value Rs 10 each. The final issue size and pricing will be determined in consultation with the bookrunning lead...
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