Fine Organic Industries Limited IPO
Fine Organic Industries Limited was a mainboard IPO in the Specialty Chemicals sector, offered at ₹780–₹783 per share to raise ₹600 crore. The issue was subscribed 8.99× overall (QIBs 12.86×, NIIs 21.01×, retail 1.62×). It listed on 2 Jul 2018 at ₹815 and closed its first day at ₹823, a listing gain of +5.1% versus the ₹783 issue price. It now trades around ₹5,049 (+544.8% versus the issue price).
Frequently asked questions
- How many times was the Fine Organic Industries Limited IPO subscribed?
- The Fine Organic Industries Limited IPO was subscribed 8.99× overall — 12.86× in the QIB category, 21.01× among non-institutional investors, 1.62× in retail.
- What were the Fine Organic Industries Limited IPO listing gains?
- Fine Organic Industries Limited listed on 2 Jul 2018 at ₹815, closing its first day at ₹823 — a listing gain of +5.1% versus the ₹783 issue price.
- What were the retail allotment odds for the Fine Organic Industries Limited IPO?
- Retail was subscribed 1.62×, so a single-lot application had roughly a 61.7% chance of allotment (about 1 in 2), and allotment was finalised on 26 Jun 2018.
- What was the price band and lot size of the Fine Organic Industries Limited IPO?
- The price band was ₹780–₹783 per share, with a minimum lot of 19 shares (₹14,877 at the upper band).
- Who were the registrar and lead manager for the Fine Organic Industries Limited IPO?
- Karvy Computershare Private Limited was the registrar, and JM Financial was the book-running lead manager.