Public issue of 42,11,160 equity shares of Rs. 10 each of Fineotex Chemical Limited ("FCL" or The "Company" or The "Issuer") for cash at a price of Rs. 70 per equity share (including a share premium of Rs. 60 per equity share) aggregating to Rs. 29.48 crores (The "Issue"). The issue will constitute 37.50% of the post issue paid up capital of the company.
Issue price: Rs. 70/- per equity share of face value of Rs. 10 each.
Issue price is 7.0 times of the face value.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Feb-2011
25-Feb-2011
₹ 70.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 90.0 Further Multiples of : 90.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
29.48
Indbank Merchant Banking Services Ltd
Project Financed through Current Offer
29.48
Post Issue Equity Share Capital
11.23
Issue Price
₹70.00
Projects
Projects
Setting up manuf. facility for Specialty Chemicals