Omkar Speciality Chemicals IPO : Finally subscribed 4.67 times

by khalid on 27/01/2011 · 0 comments

The IPO of Omkar Speciality Chemicals Limited has received a better response from the investors with the final day over-subscription figure reached to 4.67 times on an overall basis. Omkar Speciality Chemicals Limited IPO was opened on 24th Jan 2011 and got closed today on 27th Jan 2011 for subscription. The IPO has managed to get very good response from Retail Individual Investors Category where it overbid by 9.90 times on the final day of subscription. The price band for the issue was Rs 95 at lower level and Rs 98 at upper level. Omkar Speciality Chemicals Ltd is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.

The category-wise subscription status of IPO on closing of final day is given below:-

Qualified Institutional Buyers (QIBs) : 0.82 times
Non Institutional Investors : 5.27 times
Retail Individual Investors : 9.90 times
Overall : 4.67 times

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 Almondz Global Securities Limited.

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

Stay tuned to BelltheBull Blog for more news on Omkar Speciality Chemicals IPO !

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