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Fineotex Chemical Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 29.48

Price Range (₹)

₹ 70

Lot Size

90

Min Investment (₹)

₹ 6,300.00

Listing Exchange

Mumbai

Open Date

24-Feb-2011

Close Date

26-Feb-2011

Listing Date

12-Mar-2011

Latest IPO News

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    Price Performance

    1 Week-1.96
    1 Month-22.55
    3 Month-19.79
    6 Month-28.83
    1 Year-39.81
    3 Year61.53

    Fineotex Chemical Ltd IPO Details

    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.

    Objective of issue

    Setting up manuf. facility for Specialty Chemicals. Setting up of Sales Office in Mumbai. Working Capital requirements. General Corporate Purpose.

    Fineotex Chemical Ltd Contact Details

    Fineotex Chemical Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - info@fineotex.com

    Website - www.fineotex.com