Business Standard

Neogen Chemicals makes strong debut, lists at 17% premium over issue price

The initial public offer (IPO) of Neogen Chemicals, which ran between April 24 and April 26, received huge response from the investors as the issue was overall subscribed 41.18 times.

WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr
Premium

SI Reporter New Delhi
Neogen Chemicals, one of India's leading manufacturers of bromine-based and lithium-based specialty chemicals, listed its shares at Rs 251 apiece on BSE, a premium of 16.74 per cent against the issue price of Rs 215.

The initial public offer (IPO) of Neogen Chemicals, which ran between April 24 and April 26, received huge response from the investors as the issue was overall subscribed 41.18 times. The price band for the issue was Rs 212 to Rs 215 per share.

The qualified institutional buyers (QIBs) category was subscribed 30.49 times while the non-institutional investors category was subscribed 113.88 times. The retail

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in