Neogen Chemicals IPO Subscription Status
Neogen Chemicals IPO was subscribed 41.26 times when bidding closed on 26 Apr 2019: QIB 30.42x, NII 114.73x, Retail 15.97x.
The Neogen Chemicals IPO has been subscribed 41.26x times overall. Retail investors have shown interest with bids for 15.97x the shares available. The Non-Institutional Investor (NII) category has been subscribed 114.73x. Qualified Institutional Buyers (QIBs) have subscribed 30.42x. Data last updated on 12 Nov, 03:12 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 24 Apr, 2019 and closes on 26 Apr, 2019. The shares are expected to list on stock exchanges on 08 May, 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 30.42x |
| NII | - of - - | 114.73x |
| Retail | - of - - | 15.97x |
| TOTAL | - - | 41.26x |
Neogen Chemicals IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 6.3% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 30.42x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
26 Apr 2019
Day 3 |
41.26x | ▼ | |
|
QIB30.42x
BHNI-
SHNI-
Retail15.97x
|
|||
|
25 Apr 2019
Day 2 |
2.09x | ▼ | |
|
QIB0.95x
BHNI-
SHNI-
Retail3.15x
|
|||
|
24 Apr 2019
Day 1 |
0.27x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail0.5x
|
|||
Neogen Chemicals IPO dates
From the bidding window to listing. Today is 14 November.
- Open 24 Apr 2019
- Close 26 Apr 2019
- Allotment 03 May 2019
- Refund/credit 06 May 2019
- Listing 08 May 2019
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | SBI CONTRA FUND | SBI MUTUAL FUND | ₹9.00 Cr | 22.67% | |
| 2 | AXIS MUTUAL FUND TRUSTEE LIMITED - AXIS SMALL CAP FUND | AXIS MUTUAL FUND | ₹8.70 Cr | 21.92% | |
| 3 | SBI MAGNUM COMMA FUND | SBI MUTUAL FUND | ₹6.00 Cr | 15.11% | |
| 4 | SUNDARAM MUTUAL FUND - SUNDARAM SMALL CAP FUND | SUNDARAM MUTUAL FUND | ₹5.00 Cr | 12.59% | |
| 5 | L&T MUTUAL FUND TRUSTEE LIMITED- L&T EMERGING OPPORTUNITIES FUND - SERIES I | L&T MUTUAL FUND | ₹5.00 Cr | 12.59% | |
| 6 | SBI LONG TERM ADVANTAGE FUND SERIES V | SBI MUTUAL FUND | ₹4.30 Cr | 10.83% | |
| 7 | SBI LONG TERM ADVANTAGE FUND SERIES IV | SBI MUTUAL FUND | ₹1.70 Cr | 4.28% | |
| TOTAL | ₹39.70 Cr | 99.99% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Neogen Chemicals IPO?
As of IPO close date (26 Apr, 2019), the Neogen Chemicals IPO is subscribed 41.26x times. Retail category is 15.97x, and NII is 114.73x subscribed.
When is the allotment date for Neogen Chemicals IPO?
The allotment for Neogen Chemicals IPO is expected to be finalized on 03 May, 2019.
What is the GMP of Neogen Chemicals?
The Grey Market Premium (GMP) for Neogen Chemicals is currently ₹47.5, indicating a potential listing gain of 22%.
When will Neogen Chemicals IPO list on the stock market?
Neogen Chemicals is scheduled to list on BSE and NSE on 08 May, 2019.
What are the chances of getting allotment in Neogen Chemicals IPO?
The retail category is oversubscribed at 15.97x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 30.42x mean for Neogen Chemicals IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 30.42x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Neogen Chemicals IPO allotment status?
After the allotment date (03 May, 2019), you can check your Neogen Chemicals IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Neogen Chemicals IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
