June 13, 2018 / 10:45 AM / 6 days ago

Fine Organic $89 million IPO to open on June 20

(Reuters) - Indian additives maker Fine Organic Industries Ltd has set a price range of 780 rupees-783 rupees a share for an initial public offering (IPO) that will open on June 20, according to a public notice on Wednesday.

A rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/Files

At the upper end of the range, the IPO, which closes on June 22, will raise about 6 billion rupees ($88.7 million), the notice said.

Fine Organic’s founders will sell up to 7.7 million shares through the IPO, comprising a quarter of the post-offer share capital of the company.

Edelweiss and JM Financial are the bookrunners for the sale.

($1 = 67.6300 Indian rupees)

Reporting by Vishal Sridhar in Bengaluru, Editing by Sherry Jacob-Phillips

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below