Neogen Chemicals Limited which had tapped the capital markets with its simultaneous offer for sale and fresh issue received excellent response and was over subscribed 41.18 times. The fresh issue was for Rs 70 crs and the offer for sale for 29 lakh shares. The price band was Rs 212-215. The issue was open from Wednesday the 24th of April till Friday the 26th of April.

Earlier the company had completed the anchor allocation by allotting 18,46,715 equity shares to 4 Anchor investors comprising 0of seven entities. The largest allocation was made to SBI Mutual Fund who invested through 4 entities and was allocated about 53% of the anchor portion.

The issue saw QIB portion subscribed 30.49 times while HNI portion was subscribed 113.88 times. Retail portion saw the issue subscribed 16.06 times. There were 5.02 lac application which means the retail portion on basis of lots was subscribed 15.15 times.

Full details of the subscription are given below: –