Neogen Chemicals raises ~₹600 crore via first-ever QIP, oversubscribed over 6.5x
Neogen Chemicals Ltd · Chemicals & Petrochemicals
What the filing says
- Allotted 26,60,753 equity shares of face value ₹10 at issue price ₹2,255 per share, including ₹2,245 premium
- Paid-up equity share capital increased from ₹27.38 crore to approximately ₹30.04 crore after the QIP
- Proceeds for repayment or pre-payment of certain borrowings, long-term working capital and general corporate purposes
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Neogen Chemicals Ltd
- Fundraise / allotmentNotableNeogen Chemicals Limited allots 26,60,753 shares in QIP at ₹2,255 each
- Fundraise / allotmentNotableNeogen Chemicals completes QIP allotment of 26.6 lakh equity shares at ₹2,255 each
- Fundraise / allotmentNotableNeogen Chemicals Limited approves QIP and files preliminary placement document
- Fundraise / allotmentNotableNeogen Chemicals Ltd approves QIP with floor price of ₹2,189.73 per equity share
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.