New Delhi, Sept. 11 -- Neogen Chemicals Limited shares opened lower during Friday's intraday trading session, a day after the specialty chemicals company set the floor price for its Qualified Institutions Placement (QIP) at Rs.2,189.73 per equity share.

The company's floor price has been calculated using the pricing formula prescribed under Regulation 176(1) of the Securities and Exchange Board of India's (SEBI) Issue of Capital and Disclosure Requirements Regulations.

Neogen Chemicals QIP floor price has been fixed at Rs.2,189.73 per equity share. It is calculated based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations.

The company's fund-raising committee has fixed the 'Relevant Date' for the p...