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Neogen Chemicals IPO subscribed 2 times on Day-2 of bidding

Updated : April 26, 2019 07:39 AM IST

The initial public offer of Neogen Chemicals was subscribed two times on the second day of bidding on Thursday.
The Rs 132-crore initial public offer (IPO) received bids for 90,47,805 shares against the total issue size of 43,29,038 shares, as per NSE data.
The portion for qualified institutional buyers (QIBs) was subscribed 95 per cent, non-institutional investors 1.12 times and retail individual investors 3.15 times.
Neogen Chemicals IPO subscribed 2 times on Day-2 of bidding

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