IPO Details
Fine Organic Industries Ltd.
Fine House, Anandji Lane, Ghatkopar (East), Mumbai, Maharashtra - 400077
Phone: 21025000 Fax: 21028899

Public Issue of 7664994 Equity Shares of Rs. 5.00 each for Cash at a Premium of Rs. 778.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
20/06/201822/06/2018783.00 -
Lead Managers Registrar Listed at
EDELWEISS FINANCIAL SERVICES LTD.
JM FINANCIAL INSTITUTIONAL SECURITIES LIMITED.
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot No 31-32, Gachibowli, Financial Dist
,
Hyderabad, Telangana - 500032
Phone: 67162222 Fax: 23431551
BSE
NSE
Object of the issue

The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 7,664,994 Offered Shares by the Selling Shareholders. The listing of Equity Shares will enhance the Company’s brand name and provide liquidity to the existing Shareholders. The listing will also provide a public market for Equity Shares in India. the Company will not receive any proceeds from the Offer and all the proceeds from the Offer, less Offer related expenses, will go to the Selling Shareholders.

Promoted by

The Promoters of the Company are Mr. Prakash Damodar Kamat , Mr. Mukesh Maganlal Shah , Mrs. Jyotsna Ramesh Shah , Mr. Jayen Ramesh Shah , Mr. Tushar Ramesh Shah Mr. Bimal Mukesh Shah

1. Mr. Prakash Damodar Kamat: he is the Executive Director and Chairman of the Company. He holds a master’s degree in science and technology (oils) from Institute of Chemical Technology (formerly UDCT), University of Bombay. He joined the Fine Organic group in 1970 and has been associated with the Fine Organic group since inception. He has work experience in product development, process technology and research and development. He received the distinguished alumni award in 1999 from the UDCT for his commitment and depth of knowledge of paints, plastics, oils, textiles, metal working and food industries in India and overseas. He is a co-founder of the Company and has played a key role in developing several products, processes and leading engineering research and development.

Driving license number : MH01 19810022987

voter identification number : XYP2059657

2. Mr. Mukesh Maganlal Shah: he is the Executive Director and Managing Director of the Company. He holds a bachelor’s degree in science from the University of Bombay. He joined the Fine Organic group in 1973 and played a key role in establishing the quality control, sales and marketing departments at the Company. He formed and guided a team of sales and marketing professionals that helped the organization's products reach customers across India and find applications beyond the food industry. He has been associated with the Company since inception.

Driving license number : MH03 20080013008

voter identification number : NHL4910782

3. Mrs. Jyotsna Ramesh Shah: she is the Executive Director and Chief Executive Officer of the Company. He holds a master’s degree in science from the University of Bombay. He joined the Fine Organic group in 1986 and was instrumental in creating a vendorpartner network needed to support the Company. He played a key role in developing and managing channel partners for the organizations products in India. He has experience in procurement, vendor development and business development. He has been associated with the Company since inception.

voter identification number : JLM0336362

4. Mr. Jayen Ramesh Shah: his aged 54 years, is the Executive Director and Chief Executive Officer of the Company. Other ventures with which he is associated are Fine Organics and Shri R.M. Shah Foundation. For details of his other directorships and biography, see “the Management – Other Directorships” and “the Management

Driving license number : MH03 20090057449

voter identification number : JLM0335265

5. Mr. Tushar Ramesh Shah: he is the Executive Director and Chief Financial Officer of the Company. He has completed second year while pursuing for bachelors’ in science (S.Y. B.Sc.) from the University of Mumbai. He joined the Fine Organic group in 1989 and led several change management initiatives like the introduction of enterprise resthece planning, customer relationships management and financial systems that helped us scale up the operations. He played a key role in the development of the Company’s first slip additive manufacturing facility. He helped in the setting up of the offices in North America and Europe. He has been associated with the Company since inception.

Driving license number : MH03 19860014929

voter identification number : JLM0336693

6.Mr. Bimal Mukesh Shah: he is the Executive Director of the Company. He holds a bachelor’s degree in science from Purdue University and a master’s degree in management from Boston College. He joined the Fine Organic group in 2009. Under the mentorship of Prakash Damodar Kamat, Bimal Mukesh Shah has transitioned into a position to lead several initiatives for upcoming projects, processes and additional capacities. He has experience in operations, instrumentation and projects.

riving license number : MH03 20100088526

voter identification number : JLM0336677