Issue Price: Rs. 60 - Rs. 72


Issue Detail:
»» Issue Open: Feb 23, 2011 - 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

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.

Company Promoters:
The promoters of the Company are:
1. Mr. Surendra Kumar Tibrewala, aged 53 years, is the Chairman and Managing Director of the Company.
2. Mr. Sanjay S. Tibrewala, aged 28 years, is the Whole time Director of the Company.
3. Mrs. Kanaklata S. Tibrewala
4. Ms. Ritu S. Tibrewala, aged 25 years, is the General Manager and Promoter of the Company.

Objects of the Issue:
The objects of the Issue are to:
1. Setting up of Manufacturing facility for production of specialty chemicals;
2. Setting up of Sales Office in Mumbai;
3. Margin Money for Working Capital;
4. Meeting Public Issue Expenses;
5. General Corporate Purpose.