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Neogen Chemicals to debut today on bourses

Updated : May 08, 2019 08:24 AM IST

After a strong response to the initial public offering, Neogen Chemicals will list on the exchanges on Wednesday.

The Rs 132-crore public offer that was open from April 24-26, was oversubscribed 41.18 times, out of which the QIB portion was at 31 times, non-institutional 113.8 times and the retail was subscribed by 16 times.

The price range for the offer was fixed at Rs 212-215 per share.

The IPO comprised a fresh issue of up to Rs 70 crore and an offer-for-sale of up to 29,00,000 equity shares, including an anchor portion of 18,46,715 equity shares.

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