Neogen Chemicals Allots 26.6 Lakh Shares via QIP, Raises ₹600 Cr

Neogen Chemicals Ltd has successfully completed a Qualified Institutional Placement (QIP), allotting 26,60,753 equity shares at ₹2,255 per share, aggregating to ₹5,99,99,98,015. The issue price was higher than the floor price of ₹2,189.73. This allotment increases the company's paid-up equity share capital and the equity shares will be listed on BSE and NSE, ranking pari passu with existing shares. The QIP was approved by the Board and shareholders, with the fund-raising committee finalizing the allotment on September 16, 2026.