Fine Organic Industries announces launch of initial public offering
13/06/2018 13:02
Fine Organic Industries Ltd. has announced public offering of 7664994 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 778.00 per share. The gross proceeds of the issue are expected to be Rs 60,016.90 lakhs.

The company's initial public offer (IPO) will open on Wednesday, June 20, 2018 and is expected to close on Friday, June 22, 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 780.00-783.00 per share.

The IPO includes a fresh Issue of 7664994 Equity Shares of the Company at an price of Rs 783.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 19 shares with bids in multiples of 19.



Edelweiss Financial Services Ltd.,JM Financial Institutional Securities Limited. as lead manager(s) & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue.