Fineotex Chemical Limited IPO : Price Band Fixed

by khalid on 18/02/2011 · 0 comments

Fineotex Chemical Limited IPO which is slated to come out with its IPO starting on 23rd February 2011. The company has come out with the price band of the IPO today and fixed it at Rs 64 – Rs 70 per equity share. The company will raise Rs. 30.32 Crore from the primary market @ upper level of price band.

Issue Detail:-
Issue Open : 23rd Feb 2010 – 25th Feb 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : 4,211,160 Equity Shares of Rs 10 each
Issue Size : Rs 25.27 crore – Rs 30.32 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 60 – Rs. 72 Per Equity Share
Minimum Bid Quantity : 90 Shares (Rs. 6480 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 2700 Shares (Rs. 194400 with 30 Lots ) @ upper level of price band
Listing At : BSE, 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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