Neogen Chemicals Limited announced the completion of a qualified institutional placement (QIP) of 26,60,753 equity shares to eligible institutional buyers at a price of Rs 2,255 per share, raising Rs 599.9998 crore. The company's paid-up equity share capital increased from Rs 27.38 crore to Rs 30.04 crore as a result of the allotment. A list of allottees holding more than 5% of the shares is included in an annexure, and further details are available on the company's website.