Key Approvals and Dates
- The QIP was approved by the Board of Directors on July 24, 2026
- Shareholders approved the QIP by special resolution passed on August 21, 2026
- The Fund-Raising Committee meeting was held on September 10, 2026 from 6:30 p.m. to 7:15 p.m.
Committee Decisions
The Fund-Raising Committee approved:
- Preliminary placement document dated September 10, 2026 and draft application form for qualified institutional buyers
- Authorization to open the QIP issue on September 10, 2026
- Floor price of ₹2,189.73 per equity share of face value ₹10 each
Pricing Details
- Floor price calculated as per Regulation 176(1) of SEBI ICDR Regulations
- Relevant date for pricing determination: September 10, 2026
- Company may offer a discount of not more than 5% on the floor price
- Final issue price to be determined in consultation with lead managers
Next Steps
- Preliminary placement document to be filed with BSE Limited and National Stock Exchange of India Limited on September 10, 2026
- Document available on company website at https://neogenchem.com/announcements/ under 'Issue of Securities'