The IPO of Fine Organic Industries Ltd opens on June 20th and closes on June 22nd. The company is offering shares in the price band of Rs. 780 Rs. 783.
About the company
Fine Organics is a leading producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications. Fine is one of the largest manufacturers of oleo-chemical-based additives globally. It is one of six global players in the food additives industry and one of five global players in the plastic additives industry. It has diverse customer base over 5000 across 69 countries.
Purpose of the issue
The issue consists entirely of an offer for sale and the company won’t be getting any proceeds from the issue.
Shareholding pattern
| Pre issue | Post issue | |||
|---|---|---|---|---|
| Promoter | 3,06,59,976 | 100% | 2,29,94,982 | 75% |
| Others | 0 | 0% | 76,64,994 | 25% |
| Total | 3,06,59,976 | 100% | 3,06,59,976 | 100% |
IPO schedule
Issue opens - June 20th
Issue close - June 22nd
Issue size - Rs. 600 crores at the upper end of the price band.
Listing on both NSE and BSE
Retail portion - 35%
Bid lot - 19 shares
Basis of allotment - 28 June
Refunds - 29 June
Credit of shares - 2nd July
Listing 3rd July
Follow these steps to apply for an IPO
Keep track of all the upcoming IPOs here