Fineotex Chemical Limited(FCL) Company's Profile, Ipo Details, Listing, Important Dates, Issue Size, Issue Price, Issue Type, Face Value, Objects of the Issue
About Fineotex Chemical Limited(FCL)
FINEOTEX group is one of the leading manufacturers of chemicals for textiles, construction, water-treatment, fertiliser, leather and paint industry. We also produce adhesives used in several industries like wood, paper etc.
Fineotex Group founded in 1979 by Mr.Surendra Tibrewala is an ISO 9001: 2000 certified professionally managed company, with a proven track record of several years. Our product profile covers a wide range of textile auxiliaries & speciality chemicals for construction, water treatment, leather and paper industry. We have further diversified into fields of synthetic adhesives for Wood and paper.
We have an impressive growth record both in the domestic as well as international market.
Our machinery setup comprises of S.S reactors, filteration units, steam boilers, hot oil heating systems, cooling towers vacuum pumps, mixers, hi-speed and low speed homogenisers, pilot vessels to take R & D batches.
Objects of the Issue:
- Setting up of Manufacturing facility for production of specialty chemicals.
- Setting up of Sales Office in Mumbai.
- Margin Money for Working Capital.
- Meeting Public Issue Expenses.
- General Corporate Purpose.
Issue Open:-Feb 23, 2011
Issue Close:-Feb 25, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: 4,211,160 Equity Shares of Rs. 10
Issue Size: Rs. 25.27 - 30.32 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 60 - Rs. 72 Per Equity Share
Listing At: BSE
42 & 43, Manorama Chambers,
S. V. Road,
Bandra (West), Mumbai–400050
Phone: +91-22-26559174 / 75
Fax: +91- 22-26559178
Email: ipo@fi neotex.com