Corporate Action10 Sept 2026, 08:10 pm
Neogen Chemicals Opens QIP Issue with Floor Price of ₹2,189.73
AI Summary
Neogen Chemicals Ltd announced the opening of its Qualified Institutions Placement (QIP) issue on September 10, 2026. This follows approvals from the Board of Directors and shareholders. The Fund-Raising Committee approved the preliminary placement document and authorized the opening of the issue. The floor price for the QIP has been set at ₹2,189.73 per equity share, calculated as per SEBI ICDR Regulations. The company may offer a discount of up to 5% on this floor price. The issue price will be finalized in consultation with the lead managers.
Key Highlights
- Neogen Chemicals opens Qualified Institutions Placement (QIP) issue.
- Floor price set at ₹2,189.73 per equity share.
- QIP follows Board and shareholder approvals.
- Company may offer up to 5% discount on floor price.
- Issue price to be determined with lead managers.
Price Impact
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