Fineotex Chemical Ltd - IPO

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