IPO Issue Details
Issue Price / Price Band₹98 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size60 Shares per Lot
Total Issue Size81,00,004 shares (aggregating up to ₹79.38 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 24 Jan 2011
Subscription CloseThu, 27 Jan 2011
Anchor AllotmentSun, 23 Jan 2011
Basis of AllotmentWed, 02 Feb 2011
Initiation of RefundsThu, 03 Feb 2011
Credit of Shares to DematThu, 03 Feb 2011
Listing DateThu, 10 Feb 2011
UPI Mandate Deadline2011-01-27
Application & Investment Details
Retail — Min (1 Lots)₹5,880 — 60 shares
Retail — Max (13 Lots)₹76,440 (13 Lots)
HNI — Min (35 Lots)₹2,05,800 — 2,100 shares
Pre-IPO Promoter Holding1,15,28,000 shares
Post-IPO Promoter Holding1,96,28,000 shares
About Omkar Speciality Chemicals Ltd.
Incorporated in 2005, Omkar Speciality Chemicals Ltd is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.Company is primarily involved in the production of speciality chemicals and pharma intermediates. The Inorganic Intermediates include Molybdenum derivatives, Selenium derivatives, Iodine derivatives, Cobalt derivatives, Bismuth & Tungsten derivatives and the organic intermediates include Tartaric acid derivatives and other intermediates. These products find applications in various industries like Pharmaceutical Industry, Chemical Industry, Glass Industry, Cosmetics, Ceramic Pigments and Cattle & Poultry Feeds.Company has four Units at MIDC, Badlapur (E), Dist: Thane, Maharashtra, India. Omkar Speciality Chemicals exporting their products to Europe, Canada, Asia, South America & Australia. The total exports constituted 8.69%, 12.35% and 7.97% of gross sales during FY 2008, FY 2009 and FY 2010 respectively.
Objects of the Issue
Omkar Speciality Chemicals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up of new manufacturing facility at Unit 4 at Badlapur, Maharashtra
32.16
2
2 Expansion of existing manufacturing facilities at Unit 1, Unit 2 & Unit 3 at Badlapur, Maharashtra
14.62
3
3 Meeting Working Capital requirements
10.00
4
4 General corporate purposes
14.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,15,28,000 shares
Post-IPO Promoter Holding
1,96,28,000 shares