Fineotex Chemical Limited IPO Price Band is set at Rs.60/- to Rs.72/- per equity share. The IPO would consist of 4,211,160 Equity Shares of Rs.10/- each

The objects of the Issue are for meeting public issue expenses, general corporate purposes and for:

1. Setting up of Manufacturing facility for production of specialty chemicals;
2. Setting up of Sales Office in Mumbai;
3. Margin Money for Working Capital

Fineotex Chemical Limited is an ISO 9001:2000 certified Company engaged in business of Specialty Chemicals and Enzymes for various industries. Fineotex Chemical produces and provides Specialty Chemicals and Enzymes to Textile & Garment Industry, Construction Industry, Leather Industry, Water Treatment Industry, Agrochemicals, Adhesives and others

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Fineotex Chemical Ltd. (FCL) is entering the capital market with an Initial Public Offer (IPO) of 4,211,160 Equity Shares of Rs.10/- each. The IPO will open for subscription on Wednesday, February 23, 2011 and close on Friday, February 25, 2011

Fineotex Chemical is in the business of manufacturing specialty chemicals and enzymes consumed by the textile and garment industry, leather, water treatment, construction, paper, paint, adhesives, agrochemical and other industries

Stay tuned for the latest updates on Fineotex Chemical Ltd. (FCL) IPO!