Fineotex Chemical Ltd is entering in the capital markets with an initial public offering, IPO of 42,11,160 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 60/- at lower level and Rs 72/- at upper level.
Fineotex Chemical Limited is engaged in business of Specialty Chemicals and Enzymes for various industries. Fineotex Chemical produce and provide Specialty Chemicals and Enzymes to Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Agrochemicals, Adhesives and others. Company's manufacturing facilities situated at Mahape in Navi Mumbai.
The issue opens on Feb 23, 2011 and closes for subscription on Feb 25, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE).
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