Fineotex Chemical Limited IPO : Settled at 101.29% premium on debut

by khalid on 11/03/2011 · 0 comments

Fineotex Chemical Limited’s shares got debuted at Rs 80.00, a just 4.34% premium over its initial public offering (IPO) price of Rs 77.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 140.90 which is a premium of 101.29% over the issue price of Rs 77.00. The stock hit a high of Rs. 157.90 and low of Rs. 74.11 on the listing day. A total of 34,514,776 shares changed hands on the BSE. 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.

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

On the BSE:-
Issue Price: Rs. 77.00
Open : 80.00
High : 157.90
Low : 74.10
Close : 140.90
Last Trade : 140.90

Fineotex Chemical Limited has raised Rs 29.48 crore through an initial public offering of 4,211,160 equity shares.

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

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