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Fine Organic gets SEBI’s nod to float IPO

15 May 2018 Evaluate

Fine Organic Industries has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The company’s IPO will see sale of up to 76,64,994 equity shares by the existing shareholders. The company’s shares are proposed to be listed on the BSE and NSE.

The company, which filed the draft red herring prospectus with the SEBI in February, got the regulator’s approval on May 11. The objects of the offer are to achieve the benefits of listing equity shares on the stock exchanges. The listing will also provide a public market for equity shares in India. JM Financial and Edelweiss Financial Service are the book-running lead managers to the issue.

Established in 1970, the Mumbai-based firm is a leading producer of speciality additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other speciality applications.  


Fine Organic Inds. Share Price

4898.60 13.00 (0.27%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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