Neogen Chemicals Sets QIP Floor Price at ₹2,189.73

Neogen Chemicals Ltd announced the opening of its Qualified Institutions Placement (QIP) issue on September 10, 2026. The Fund-Raising Committee approved the preliminary placement document and authorized the opening of the issue to eligible qualified institutional buyers. The floor price for the QIP has been fixed 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 'Relevant Date' for the QIP has also been set as September 10, 2026. The issue price will be determined in consultation with the lead managers.