The Fineotex IPO is a book-built offering for Rs 29.48 crore. Bidding for the Fineotex IPO began on February 23, 2011 and finished on February 25, 2011. On March 11, 2011, the shares were listed on the BSE. The Fineotex IPO pricing range is $60 to $72 per share. An application requires a minimum lot size of 90 shares. Retail investors must make a minimum investment of $6,480.
Fineotex Chemical Limited, founded in 2004, is an ISO 9001:2000-certified company that sells specialty chemicals and enzymes to a variety of sectors. Fineotex Chemical manufactures and sells specialty chemicals and enzymes to the textile and garment industries, the construction industry, the leather industry, the water treatment industry, agrochemicals, adhesives, and other industries. FCL manufactures over 100 products for a wide range of industries. The company’s manufacturing facilities are located in Mahape, Navi Mumbai.
Clariant Chemicals India Limited, Pidilite Industries Limited, Croda Chemicals India (P) Limited (previously ICI India Limited), Rashtriya Chemicals & Fertilisers Limited, The Bombay Dyeing & Mfg. Co. Limited, Raymond Group, Grasim Industries Limited, and others are among FCL’s significant customers. FCL is present in nations such as Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, and Singapore. FCL products are also available in Indian cities such as Mumbai, Balotra, Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, and others.
Fineotex IPO Details
| IPO Date | February 23, 2011 to February 25, 2011 |
| Listing Date | March 11, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹72 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 4,211,160 shares (aggregating up to ₹29.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
Fineotex IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,480 |
| Retail (Max) | 30 | 2700 | ₹194,400 |
Fineotex IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,105,580 (50.00%) | NA |
| NII (HNI) Shares Offered | 631,674 (15.00%) | |
| Retail Shares Offered | 1,473,906 (35.00%) | 16,376 |
| Total Shares Offered | 4,211,160 (100%) |
Objects of the Issue (Fineotex IPO Objectives)
The objects of the issue are to:
- Setting up of Manufacturing facility for production of specialty chemicals;
- Setting up a Sales Office in Mumbai
- Margin Money for Working Capital;
- Meeting Public Issue Expenses;
- General corporate purpose.
Fineotex IPO Listing Details
| Listing Date | March 11, 2011 |
| BSE Script Code | 533333 |
| NSE Symbol | FCL |
| ISIN | INE045J01026 |
| Final Issue Price | ₹70 per share |
Fineotex Listing and Day Trading Information
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹80.00 |
| Low | ₹74.10 |
| High | ₹157.90 |
| Last Trade | ₹140.90 |
Fineotex Chemical Ltd Contact Details
Fineotex Chemical Ltd
42 & 43, Manorama Chambers,
S. V. Road,
Bandra (West), Mumbai 400050
Phone: +91-22-26559174 / 75
Email: [email protected]
Website: http://www.fineotex.com
Fineotex IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263-8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Fineotex IPO FAQs:
Q1. What is Fineotex IPO?
Ans. Fineotex IPO is a main-board IPO of 4,211,160 equity shares of the face value of ₹10 aggregating up to ₹29.48 Crores. The issue is priced at ₹60 to ₹72 per share. The minimum order quantity is 90 Shares. The IPO opens on February 23, 2011, and closes on February 25, 2011. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
Q2. When Fineotex IPO will open?
Ans. The Fineotex IPO opens on February 23, 2011 and closes on February 25, 2011.
Q3. What is the lot size of Fineotex IPO?
Ans. Fineotex IPO lot size is 90 Shares, and the minimum amount required is ₹6,480.
Q4. When is Fineotex IPO allotment?
Ans. The finalization of Basis of Allotment for Fineotex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Fineotex IPO listing date?
Ans. The Fineotex IPO listing date is on March 11, 2011.
