Fineotex Chemical Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,105,580 (50%) | — | ₹1,516 Cr |
| NII (HNI) | — | 631,674 (15%) | — | ₹455 Cr |
| Retail | — | 1,473,906 (35%) | — | ₹1,061 Cr |
| Σ Total | — | 4,211,160 (100%) | — | ₹30,320 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,480 |
| Retail (Max) | 13 | 1,170 | ₹84,240 |
| S-HNI (Min) | 14 | 1,260 | ₹90,720 |
| B-HNI (Min) | 67 | 6,030 | ₹434,160 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Land and Land Development – 1.24
- 2 Building (Civil Works) – 1.89
- 3 Plant & Machinery – 3.38
- 4 Miscellaneous Fixed Assets – 0.12
- 5 Preliminary & Preoperative Expenses – 0.05
- 6 Provision for contingencies – 0.68
- 7 Sales Office – 1.50
- 8 Furniture & Fixtures – 0.38
- 9 Working Capital Requirements – 8.00
- 10 Public Issue Expenses – 2.47
- 11 General Corporate Purposes – 9.77
Company Overview
Incorporated in 2004, Fineotex Chemical Limited is an ISO 9001:2000 certified Company engaged in business of Specialty Chemicals and Enzymes for various industries.
Fineotex Chemical produces and provides Specialty Chemicals and Enzymes to Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Agrochemicals, Adhesives and others. FCL manufactures over 100 products for various Industries. Company's manufacturing facilities situated at Mahape in Navi Mumbai.
FCL major customers include Clariant Chemicals India Limited, Pidilite Industries Limited, Croda Chemicals India (P) Limited (formerly ICI India Limited), Rashtriya Chemicals & Fertilizers Limited, The Bombay Dyeing & Mfg. Co. Limited., Raymond Group, Grasim Industries Limited and others. FCL has global presence in countries like Bangladesh, Indonesia, Bulgaria, Pakistan, Colombia, Singapore, etc. Also,FCL products are sold in Indian cities like Mumbai, Balotra, Bhilwara, Delhi, Ludhiana, Tirupur, Karur, Erode, etc.