Neogen Chemicals makes strong debut, lists at 17% premium over issue price

Neogen Chemicals, one of India's leading manufacturers of bromine-based and lithium-based specialty chemicals, listed its shares at Rs 251 apiece on BSE, a premium of 16.74 per cent against the issue price of Rs 215.

The initial public offer (IPO) of Neogen Chemicals, which ran between April 24 and April 26, received huge response from the investors as the issue was overall subscribed 41.18 times. The price band for the issue was Rs 212 to Rs 215 per share.

The qualified institutional buyers (QIBs) category was subscribed 30.49 times while the non-institutional investors category was subscribed 113.88 times. The retail