For Quick Alerts
For Daily Alerts

Neogen Chemicals Makes Stellar Listing Gains


On its stock market debut, Neogen Chemicals listed with 16.7% gains at Rs. 251 per share as against the issue price of Rs. 215 per share. The stock after the listing gains made an intra-day high of 22.6%.

The company received 41 times oversubscription. The reserved category for qualified institutional buyers was subscribed 30.49 times and non-institutional investors 113.88 times. The retail portion was oversubscribed 16.06 times.

Neogen Chemicals Makes Stellar Listing Gains

The IPO of Neogen Chemicals included up to Rs 70 crore and an offer-for-sale of up to 29 lakh equity shares.

The promoters' shareholding fell to 70 percent from 95.8 percent after the listing. The rest is now held by the public.

Neogen Chemicals is a bromine and lithium-based derivatives manufacturer.

Read more about: ipo listing
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more