Omkar Speciality Chemicals IPO : Subscribed 0.96 times on Day 1

by khalid on 24/01/2011 · 0 comments

The IPO of Omkar Speciality Chemicals Limited has received a little response from the investors with the 1st day over-subscription figure reached to just 0.96 times on an overall basis. Omkar Speciality Chemicals IPO is open on 24th Jan 2011 and will get closed on 27th Jan 2011 for subscription. The IPO has managed to get some what better response from Retail Individual Investors Category where it overbid by 2.03 times on the 1st day of subscription. The price band for the issue is 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 1st day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 1.68 times
Retail Individual Investors : 2.03 times
Overall : 0.96 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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