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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 ₹70.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹5,400 (90 shares). 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 Date | February 23, 2011 to February 25, 2011 |
| Listing Date | March 11, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹60 to ₹72 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,11,211 shares (aggregating up to ₹29.48 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 70,18,600 shares |
| Share Holding Post Issue | 1,12,29,760 shares |
Fineotex IPO offers total 42,11,160 shares. Out of which 21,05,580 (50.00%) allocated to QIB, 6,31,674 (15.00%) allocated to NII, 14,73,906 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Fineotex Chemical IPO opens on February 23, 2011, and closes on February 25, 2011.
| IPO Open Date | Wed, Feb 23, 2011 |
| IPO Close Date | Fri, Feb 25, 2011 |
| Tentative Listing Date | Fri, Mar 11, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 25, 2011 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 23.93% |
The Company Fineotex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
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.
| Listing Date | March 11, 2011 |
| BSE Script Code | 533333 |
| NSE Symbol | FCL |
| ISIN | INE045J01026 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹80.00 |
| Low | ₹74.10 |
| High | ₹157.90 |
| Last Trade | ₹140.90 |
Fineotex Chemical Ltd.
42 & 43, Manorama Chambers,
S. V. Road,
Bandra (West), Mumbai–400050
Bandra, Maharashtra
Phone: +91-22-26559174 / 75
Email: ipo@fi neotex.com
Website: http://www.fi neotex.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: fclipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Fineotex Chemical IPO is a main-board IPO of 42,11,211 equity shares of the face value of ₹10 aggregating up to ₹29.48 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 90.
The IPO opens on February 23, 2011, and closes on February 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 February 23, 2011 and closes on February 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 Friday, March 11, 2011.
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