FINE ORGANIC INDUSTRIES LIMITED
Fine Organic Industries Limited allots Rs. 180 crore to 15 anchor investors at Rs. 783 per equity share
Anchor investors include Goldman Sachs, Kuwait Investment Authority, Citi, Principal, Reliance, Aditya Birla, DSP Blackrock, SBI MF,
Mumbai, June 19, 2018: Fine Organic Industries Limited (the “Company” or the “Issuer”) has allotted 22,99,497 equity shares at Rs. 783 (upper end of the Price Band) aggregating to Rs. 180.05 crore to 15 anchor investors. The anchor book has a good mix of investors including sovereign wealth funds, long only FIIs as well as top domestic mutual funds and life insurance companies.
The anchor investors include: 1. GOLDMAN SACHS INDIA LIMITED (10%); 2. HDFC SMALL CAP FUND (10%); 3-A. SBI LONG TERM ADVANTAGE FUND – SERIES V (3.61%); 3-B. SBI EQUITY OPPORTUNITIES FUND SERIES I (0.28%); 3-C. SBI MAGNUM COMMA FUND (5.00%); 3-D. SBI TAX ADVANTAGE FUND SERIES II (0.56%); 3-E. SBI TAX ADVANTAGE FUND SERIES III (0.56%); 4A. DSP BLACKROCK EQUITY FUND (2.66%); 4B. DSP BLACKROCK EQUITY & BOND FUND (7.34%); 5A. IDFC LARGE CAP FUND (1.94%); 5B. IDFC EQUITY OPPORTUNITIES FUND – SERIES 5 (7.67%); 5C IDFC EQUITY SAVINGS FUND (0.39%); 6. RELIANCE CAPITAL TRUSTEE CO. LTD-A/C RELIANCE SMALL CAP FUND (10.00%); 7. KUWAIT INVESTMENT AUTHORITY FUND 224 (7.78%); 8. WHITE OAK INDIA EQUITY FUND (4.04%); 9. INDIA ACORN FUND LTD (3.73%); 10. NEW HORIZON OPPORTUNITIES MASTER FUND (7.78%); 11. ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (5.55%); 12. PRINCIPAL TRUSTEE CO. PVT LTD. – PRINCIPAL MUTUAL FUND – PRINCIPAL EMERGING BLUECHIP FUND (2.78%); 13. EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS BALANCED ADVANTAGE FUND (2.78%); 14. CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED (2.78%); and 15. DB INTERNATIONAL (ASIA) LTD (2.78%).
Fine Organic Industries Limited (the “Company”) proposes to open on Wednesday, June 20, 2018*, an initial public offering of 7,664,994 Equity Shares through an offer for sale by the promoter group selling shareholders (the “Offer”).
The Price Band for the Offer is from Rs. 780 to Rs. 783 per Equity Share. Bids can be made for a minimum lot of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
The Bid/Offer Period closes on Friday, June 22, 2018.
The Equity Shares are being offered through the red herring prospectus dated June 11, 2018 (the “RHP”) registered with the Registrar of Companies, Maharashtra at Mumbai.
The Equity Shares are proposed to be listed on BSE and NSE.
The Book Running Lead Managers (“BRLMs”) to the Offer are JM Financial Limited and Edelweiss Financial Services Limited. Karvy Computershare Private Limited is the Registrar to the Offer.
Disclaimer:
FINE ORGANIC INDUSTRIES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the RHP with the RoC. The RHP is available on the website of SEBI at www.sebi.gov.in, NSE at www.nseindia.com, BSE at www.bseindia.com and is available on the website of the BRLMs, i.e. at www.jmfl.com and www.edelweissfin.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to section titled “Risk Factors” on page 15 of the RHP and section titled “Risk Factors” of the Prospectus, when available. Potential investors should not rely on the Draft Red Herring Prospectus filed with SEBI for making any investment decision.
This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, no Equity Shares are being offered for sale in the United States in the Offer.