Neogen Chemicals Allots Equity Shares Worth ₹600 Cr via QIP

Neogen Chemicals Limited announced the successful allotment of 26,60,753 equity shares through a Qualified Institutional Placement (QIP) issue. The shares were issued at ₹2,255 each, a premium to the floor price of ₹2,189.73, raising a total of approximately ₹599.99 crore. This issuance increases the company's paid-up equity share capital to ₹30,04,24,270, comprising 3,00,42,427 equity shares of ₹10 each. The newly allotted shares will be listed on both BSE and NSE and will rank 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.