 "Markets, Stocks, BSE, NSE, Trade")
Fine Organic Industries ended the day at Rs 824 levels on the National Stock Exchange (NSE). The stock got listed earlier in the day at Rs 815, a premium of over 4% on NSE and BSE with respect to its issue price.
The Rs 600-crore initial public offer was oversubscribed by 8.99 times during June 20-22, 2018. The reserved portion of qualified institutional buyers (QIBs) portion was subscribed 12.86 times, non-institutional investors 21.01 times and retail investors 1.62 times.
The price band for the offer was fixed at Rs 780-783 per share. JM Financial and Edelweiss Financial Servicesmanaged the issue.
The
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