Neogen Chemicals Limited has announced the successful completion of its Qualified Institutional Placement (QIP), allotting 26,60,753 Equity Shares to eligible QIBs. The issue price was set at ₹2,255 per Equity Share, aggregating to approximately ₹5,999.99 crore. This placement has increased the company’s paid-up equity share capital to over ₹30 crore, comprising 3,00,42,427 equity shares.
Neogen Chemicals Completes Large Equity Placement
Neogen Chemicals Limited has finalized its Qualified Institutional Placement (QIP), a significant fundraising initiative that saw the allotment of 26,60,753 Equity Shares to eligible Qualified Institutional Buyers (QIBs). The announcement, dated September 17, 2026, confirms the successful conclusion of the placement that opened on September 10, 2026, and closed on September 16, 2026.
Key Financials of the QIP
The equity shares were issued at a price of ₹2,255 per share, which includes a premium of ₹2,245 per share. This issue price was notably higher than the floor price of ₹2,189.73, as determined in accordance with SEBI regulations. The total amount raised through this QIP is approximately ₹5,99,99,98,015.00, translating to Rupees Five hundred ninety-nine crore ninety-nine lakh ninety-eight thousand and fifteen.
Impact on Share Capital
Following the allotment of these shares, Neogen Chemicals Limited’s paid-up equity share capital has seen a substantial increase. The capital has risen from ₹2,73,81,674 (comprising 2,73,81,674 Equity Shares of ₹10 each) to ₹30,04,24,270 (representing 3,00,42,427 Equity Shares of ₹10 each). The newly allotted equity shares are set to be listed on both the BSE Limited and the National Stock Exchange of India Limited, and will rank pari passu with the existing equity shares in all respects, including voting rights and dividend payments.
List of Major Allottees
The document also provides a detailed list of allottees who received more than 5% of the equity shares offered in the QIP. Key investors include entities like ICICI Prudential Commodities Fund, ICICI PRUDENTIAL MID CAP FUND, ICICI PRUDENTIAL MULTI CAP FUND, INVESCO INDIA SMALL CAP FUND, MIRAE ASSET AGGRESSIVE HYBRID FUND, and SBI LIFE INSURANCE CO. LTD. These institutional investors have collectively subscribed to a significant portion of the newly issued shares.
Source: BSE
