Neogen Chemicals Ltd approves QIP with floor price of ₹2,189.73 per equity share
Neogen Chemicals Ltd · Chemicals & Petrochemicals
What the filing says
- Fund-Raising Committee approved preliminary placement document and application form on September 10, 2026
- QIP to open on September 10, 2026, for issuance of equity shares to qualified institutional buyers under SEBI ICDR Regulations
- Floor price fixed at ₹2,189.73 per equity share with possible discount up to 5%, relevant date also September 10, 2026
Why it's rated notable: The filing approves opening a QIP and setting a floor price of ₹ 2,189.73 per Equity Share, but states no issue size and the issue price and allotment remain to be determined, so it is a non-binding procedural step.
Original filing
Outcome Of Fund Raising Committee Meeting Held Today
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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 Limited approves QIP and files preliminary placement document
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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.