Neogen Chemicals Limited IPO
Neogen Chemicals Limited was a mainboard IPO in the Specialty Chemicals sector, offered at ₹212–₹215 per share to raise ₹132 crore. The issue was subscribed 41.18× overall (QIBs 30.49×, NIIs 113.88×, retail 16.06×). It listed on 8 May 2019 at ₹251 and closed its first day at ₹264, a listing gain of +22.6% versus the ₹215 issue price. It now trades around ₹2,171 (+910.0% versus the issue price).
Frequently asked questions
- How many times was the Neogen Chemicals Limited IPO subscribed?
- The Neogen Chemicals Limited IPO was subscribed 41.18× overall — 30.49× in the QIB category, 113.88× among non-institutional investors, 16.06× in retail.
- What were the Neogen Chemicals Limited IPO listing gains?
- Neogen Chemicals Limited listed on 8 May 2019 at ₹251, closing its first day at ₹264 — a listing gain of +22.6% versus the ₹215 issue price.
- What were the retail allotment odds for the Neogen Chemicals Limited IPO?
- Retail was subscribed 16.06×, so a single-lot application had roughly a 6.2% chance of allotment (about 1 in 16), and allotment was finalised on 2 May 2019.
- What was the price band and lot size of the Neogen Chemicals Limited IPO?
- The price band was ₹212–₹215 per share, with a minimum lot of 65 shares (₹13,975 at the upper band).
- Who were the registrar and lead manager for the Neogen Chemicals Limited IPO?
- Link Intime India Private Limited was the registrar, and Inga Advisors was the book-running lead manager.