One more IPO of Fine Organic Industries Limited (FOIL) will open on June 20, 2018, with the band price INR 780 – INR 783 per equity share. According to a source, the listing of this IPO will enhance the brand name of a company and provide liquidity to the shareholders.

Have a look at the IPO details:

Issue Open: June 20 – June 22, 2018

Issue Size: 7,664,994 Equity shares

Issue Price: INR 780 – INR 783 per equity share

Minimum Order Quantity: 19 Shares

Listing at: BSE & NSE

The Promoters are Prakash Damodar Kamat, Jyotsna Ramesh Shah, Mukesh Maganlal Shah, Tushar Ramesh Shah, Jayen Ramesh Shah and Bimal Mukesh Shah.

About Fine Organics:

Incorporated in 2002, Fine Organic Industries Limited (FOIL) is a Mumbai based company engaged in the manufacturing of oleochemical-based additive solutions. The additives are used in plastic, food, paint, ink, coatings, cosmetics and some more specialty application in various industries. The  FOIL has 3 production units in Badlapur, Dombivli, and Ambernath and a strength of around 590 full-time employees.