The Initial Public Offering (IPO) of Fine Organic Industries Limited which closed for subscription on June 22, 2018 has garnered overall subscription of 8.99 times with bids for 4,82,18,580 equity shares against the size of 53,65,497 equity shares. The IPO opened for subscription on June 20, 2018.
The company came out with Initial Public offer of 7,664,994 Equity Shares (including anchor portion of 2,299,497 Equity Shares) with face value of Rs 5 through 100% Book Building issue in a price band of Rs 780 to Rs 783.
JM Financial Limited and Edelweiss Financial Services Limited were the Book Running Lead Managers to the issue and JM Financial Services Limited and Edelweiss Securities Limited were the Syndicate Members.
The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 12.86 with bids for 19706705 equity shares against the offer of 1532999 equity shares. The Foreign Institutional Investors(FIIs) applied for 6818492 equity shares, Domestic Financial Institutions(Banks / Financial Institutions(FIs) / Insurance Companies) for 793440 equity shares, Mutual funds for 9297327 equity shares and others for 2797446 equity shares.
The Non Institutional Investors portion of the issue received bids for 24154092 equity shares against the offer of 1149750 equity shares resulting in a subscription of 21.01 times. The Corporates applied for 5280119 equity shares, Individuals(Other than RIIs) for 18613939 equity shares and other for 260034 equity shares.
The Retail Individual Investors(RIIs) portion of the issue received subscription of 1.62 times with bids for 4357783 equity shares against the offer of 2682748 equity shares.
Karvy Computershare Private Limited is the registrar to the company.