Trade Nivesh | Shares of Neogen Chemicals were locked at 5 percent upper circuit compared to its opening price.
Speciality chemicals maker Neogen Chemicals started off first trade with a whopping 16.7 percent premium on May 8, after a strong response to its initial public offering.
The stock listed at Rs 251 on the BSE Limited, against issue price of Rs 215.
It was quoting at Rs 263.55, up Rs 48.55 or 22.58 percent over final IPO price at 10:01 hours IST.
Shares were locked at 5 percent upper circuit compared to its opening price.
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.
Speciality chemicals maker Neogen Chemicals started off first trade with a whopping 16.7 percent premium on May 8, after a strong response to its initial public offering.
The stock listed at Rs 251 on the BSE Limited, against issue price of Rs 215.
It was quoting at Rs 263.55, up Rs 48.55 or 22.58 percent over final IPO price at 10:01 hours IST.
Shares were locked at 5 percent upper circuit compared to its opening price.
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.
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