Omkar Speciality Chemicals IPO : Opening on 24th Jan 2011

by khalid on 18/01/2011 · 0 comments

Omkar Speciality Chemicals Limited is entering into primary market with an Initial Public Offer (IPO) of 8,100,000 Equity Shares of Rs 10 each. The iPO is opening on 24th Jan 2010 and the shares will be available for subscription up to 27th Jan 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 95 – Rs. 98 Per Equity Share. The company is likely to raise around Rs 79.38 Crore through the issue at the upper level of price band. 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 proceeds of the IPO are proposed to be utilized for setting up of new manufacturing facility at Unit 4 at Badlapur, Maharashtra, expansion of existing manufacturing facilities at Unit 1, Unit 2 & Unit 3 at Badlapur, Maharashtra, meeting Working Capital requirements, general corporate purposes and issue expenses.

The Promoters of the Company are Mr. Pravin Herlekar and Mr. Omkar Herlekar.

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

Issue Detail:-
Issue Open : 24th Jan 2010 – 27th Jan 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : 8,100,000 Equity Shares of Rs 10 each
Issue Size : Rs 76.95 crore – Rs 79.38 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 95 – Rs. 98 Per Equity Share
Minimum Bid Quantity : 60 Shares (Rs. 5880 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 2040 Shares (Rs. 199920 with 34 Lots ) @ upper level of price band
Listing At : BSE, 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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