Neogen Chemicals Limited approves QIP and files preliminary placement document
Neogen Chemicals Ltd · Chemicals & Petrochemicals
What the filing says
- Fund-Raising Committee approved preliminary placement document and application form on Sept 10, 2026
- QIP of equity shares at floor price ₹2,189.73 per share, with up to 5% discount authorized
- Relevant date fixed as Sept 10, 2026, floor price based on SEBI ICDR Regulations pricing formula
Why it's rated notable: The committee approved the preliminary placement document and opened a QIP today at a floor price of ₹ 2,189.73, but the filing states no issue size and the issue is not yet priced or allotted, so it is a non-binding medium-level fundraise.
Original filing
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Neogen Chemicals Ltd
- Fundraise / allotmentNotableNeogen Chemicals raises ~₹600 crore via first-ever QIP, oversubscribed over 6.5x
- 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 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.