News Details
Category : IPO
Headline : Fine Organic Industries Ltd. debuts with 4.08% premium at Rs 815.00
Date: 02/07/2018 23:24
Fine Organic Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 815.00 on the Bombay Stock Exchange, a 4.08 per cent premium to its issue price of Rs 783.00. On the National Stock Exchange, the stock was listed at Rs 815.00.

The company, which raised 0.77 Cr from initial public offering, was subscribed 6.58 times, receiving bids for 504.48 lakhs shares against the total issue size of 76.65 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jun 20 to Jun 22.

Following a strong opening, the scrip touched an intraday high of Rs 834.00 and a low of Rs 787.00, before closing the session up by 5.08 per cent to its listing price at Rs 822.80 on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 35,264.41, down 159.07 points, or 0.44 per cent.