Fineotex Chemical Limited IPO : Listing on 11th Mar 2011

by khalid on 10/03/2011 · 0 comments

Fineotex Chemical Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 11th Mar 2011. The IPO was open between 23rd Feb 2011 to 25th Feb 2011. The price band was Rs 60 to Rs 72 and the Issue Price was fixed at Rs 70 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 29.48 Crore. Fineotex Chemical Limited is mainly engaged in the business of Specialty Chemicals and Enzymes for various industries like Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Agrochemicals, Adhesives and others.

IPO Listing Detail :-
Listing Date: 11th Mar 2011
BSE Scrip Code : 533333
NSE Symbol : FINOTEX
Listing In : ‘B’ Group of Securities
ISIN : INE045J01018
Issue Price : Rs. 70.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO are proposed to be utilized for setting up of Manufacturing facility for production of specialty chemicals, setting up of Sales Office in Mumbai, margin money for working capital, meeting public issue expenses and general corporate purpose.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book Running Lead Manager (BRLM) to the offer is Indbank Merchant Banking Services Limited.

Registrar of the Issue : Bigshare Services Pvt. Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more news on Fineotex Chemical Limited IPO !

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