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ChemicalsHigh impactAfter close

Neogen Chemicals raises ₹600 crore in oversubscribed QIP

after close1 source ↓written by the desknot a recommendation

through its first
₹600 crore
the shares offered
6.5 times
The company allotted
26,60,753 equity shares
each
₹2,255

Neogen Chemicals Ltd successfully raised ₹600 crore through its first Qualified Institutions Placement (QIP), with bids exceeding 6.5 times the shares offered. The company allotted 26,60,753 equity shares at ₹2,255 each, attracting notable investors like ICICI Prudential and Abu Dhabi Investment Authority.

This strong demand may enhance liquidity and investor confidence in the specialty chemicals sector, potentially impacting stock performance positively.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 22 Sept 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

NEOGEN closed +0.5% on the day of the news, from ₹2,379.20 to ₹2,392.10; Nifty +0.5% over the same session.

Bulletin at 16:04 IST on 22 Sept 2026. Every change is measured from ₹2,379.20, the last close before it, on 22 Sept. Nifty 50 is measured over the same sessions.

  • NEOGEN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
NEOGEN closes around the bulletin against the close before the news, with Nifty 50 rebased to it192123792837axis spans 48%before the news · 22 Sept2379Nifty 50NEOGENbulletinD0+1+3+516 Sept24 Sept1 OctReference close ₹2,379.20. 12 sessions from 16 Sept to 1 Oct; the price axis spans 48 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before22 Sept₹2,379.20basebase
On the day23 Sept₹2,392.10▲ +0.5%▲ +0.5%0.0 pp difference
+1 session24 Sept₹2,326.10▼ −2.2%▼ −1.1%−1.1 pp difference
+3 sessions28 Sept₹2,396.30▲ +0.7%▼ −2.4%+3.1 pp difference
+5 sessions30 Sept₹2,451.60▲ +3.0%▼ −3.0%+6.1 pp difference
Gap at the open, % · ₹
▲ +1.1%+25.70 on 23 Sept
Day's range, % · ₹
2.9%≈ 68 high to low
Volume on the day
0.82×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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