Bookbuilding IPO | ₹29 Cr | Listed at BSE | Wed, Feb 23, 2011 - Fri, Feb 25, 2011
Fineotex Chemical IPO is a book build issue of ₹29.48 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹29.48 crore.
Fineotex Chemical IPO bidding started from Feb 23, 2011 and ended on Feb 25, 2011. The shares got listed on BSE on Mar 11, 2011.
Fineotex Chemical IPO price band is set at ₹70 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,480 (90 shares) (based on upper price). The lot size investment for sNII is 32 lots (2,880 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (14,310 shares), amounting to ₹10,01,700.
Indbank Merchant Banking Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Fineotex Chemical IPO RHP for detailed Information.
IPO Open
Wed, Feb 23, 2011
IPO Close
Fri, Feb 25, 2011
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹78.61 Cr
| IPO Date | 23 to 25 Feb, 2011 |
| Listed on | Fri, Mar 11, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹72 |
| Issue Price | ₹70 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 42,11,211 shares (agg. up to ₹29 Cr) |
| Fresh Issue | 42,11,211 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 70,18,600 shares |
| Share Holding Post Issue | 1,12,29,760 shares |
| BSE Script Code | 533333 FCL |
| ISIN | INE045J01026 |
Fineotex Chemical IPO comprises a total issue size of 42,11,160 shares. Out of which, 21,05,580 (50.00%) are allocated to QIB, 6,31,674 (15.00%) allocated to NII 14,73,906 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 21,05,580 | 50.00% | NA |
| NII (HNI) Shares Offered | 6,31,674 | 15.00% | NA |
| Retail Shares Offered | 14,73,906 | 35.00% | 16,376 |
| Total Shares Offered | 42,11,160 | 100.00% |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,300 |
| Retail (Max) | 31 | 2,790 | ₹1,95,300 |
| S-HNI (Min) | 32 | 2,880 | ₹2,01,600 |
| S-HNI (Max) | 158 | 14,220 | ₹9,95,400 |
| B-HNI (Min) | 159 | 14,310 | ₹10,01,700 |
Incorporated in 2004, Fineotex Chemical Limited is an ISO 9001:2000 certified Company engaged in business of Specialty Chemicals and Enzymes for various industries.
Fineotex Chemical produces and provides Specialty Chemicals and Enzymes to Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Agrochemicals, Adhesives and others. FCL manufactures over 100 products for various Industries. Company's manufacturing facilities situated at Mahape in Navi Mumbai.
FCL major customers include Clariant Chemicals India Limited, Pidilite Industries Limited, Croda Chemicals India (P) Limited (formerly ICI India Limited), Rashtriya Chemicals & Fertilizers Limited, The Bombay Dyeing & Mfg. Co. Limited., Raymond Group, Grasim Industries Limited and others. FCL has global presence in countries like Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, Singapore, etc. Also,FCL products are sold in Indian cities like Mumbai, Balotra, Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, etc.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land and Land Development | 1.24 |
| 2 | Building (Civil Works) | 1.89 |
| 3 | Plant & Machinery | 3.38 |
| 4 | Miscellaneous Fixed Assets | 0.12 |
| 5 | Preliminary & Preoperative Expenses | 0.05 |
| 6 | Provision for contingencies | 0.68 |
| 7 | Sales Office | 1.50 |
| 8 | Furniture & Fixtures | 0.38 |
| 9 | Working Capital Requirements | 8.00 |
| 10 | Public Issue Expenses | 2.47 |
| 11 | General Corporate Purposes | 9.77 |
| KPI | |
|---|---|
| RoNW | 23.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 62.49% |
| Market Cap | ₹78.61 Cr. |
The Fineotex IPO is subscribed 1.57 times on February 25, 2011 5:00:00 PM (Day 3). The public issue subscribed 4.38 times in the retail category, 0 times in the QIB category, and 0.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0 | 21,05,580 | |
| NII | 0.22 | 6,31,674 | |
| Retail | 4.38 | 14,73,906 | |
| Total | 1.57 | 42,11,160 |
CARE Limited has assigned an IPO Grade 2 to Fineotex Chemical Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Fineotex Chemical Ltd.
Fineotex Chemical Ltd IPO, Fineotex Chemical IPO, Fineotex Chemical IPO Bidding, Fineotex Chemical IPO Allotment Status, Fineotex Chemical IPO drhp and Fineotex Chemical IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Syndicate Fees, Underwriting & Selling commission | 0.80 |
| 2 | IPO Grading Fees | 0.02 |
| 3 | Advertisement and Marketing Expenses | 0.65 |
| 4 | Printing and Stationery (including expenses on transportation of the material) | 0.15 |
| 5 | Others (Registrar’s Fees, Legal Fees, Filing fees with SEBI and stock exchange, Listing Fees, RoC Charges, travelling and other misc expenses etc.) | 0.85 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹80.00 |
| Low | ₹74.10 |
| High | ₹157.90 |
| Last Trade | ₹140.90 |
Lead Manager Reports
Fineotex Chemical IPO is a main-board IPO of 42,11,211 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 90.
The IPO opens on Wed, Feb 23, 2011, and closes on Fri, Feb 25, 2011.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Fineotex Chemical IPO using UPI as a payment gateway. Zerodha customers can apply in Fineotex Chemical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fineotex Chemical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fineotex Chemical IPO opens on Wed, Feb 23, 2011 and closes on Fri, Feb 25, 2011.
Fineotex Chemical IPO lot size is 90, and the minimum amount required for application is ₹6,300.
You can apply in Fineotex Chemical IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fineotex Chemical IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Fineotex Chemical IPO allotment status.
The Fineotex Chemical IPO listing date is on Fri, Mar 11, 2011.
