Get App
Moneycontrol

Co-Partners

Associate Partners

you are here: HomeNewsBusinessIPO
Last Updated : May 08, 2019 10:15 AM IST | Source: Moneycontrol.com

Strong listing: Neogen Chemicals debuts with 17% premium at Rs 251

Thanks to the heavy buying, the stock was locked at 5 percent upper circuit

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Speciality chemicals maker Neogen Chemicals lsited with 16.7 percent premium on May 8, after a strong response to its initial public offer. The stock listed at Rs 251 on the BSE, against issue price of Rs 215.

At 1001 hours IST, it was quoting at Rs 263.55, up Rs 48.55 or 22.58 percent with respect to the issue price.

Thanks to the heavy buying, the stock was locked at 5 percent upper circuit. There were no sell order on the exchange and about 3.9 lakh pending buy order at the time of publishing.

Neogen Chemicals is a manufacturer of bromine-based and lithium-based speciality chemicals.

The Rs 132-crore public offer was opened for subscription during April 24-26 and was oversubscribed 41.18 times. The offer price band was fixed at Rs 212-215 per share.

The IPO comprised of a fresh issue of up to Rs 70 crore and an offer-for-sale of up to 29 lakh equity shares.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 8, 2019 10:06 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant