What is the price band of the Fine Organic Industries IPO?

The price band is ₹780–783 per share, and the final issue price is ₹783.

What is the lot size of the Fine Organic Industries IPO?

One lot is 19 shares, so the minimum retail bid is ₹14,877 at the upper end of the price band.

When is the Fine Organic Industries IPO listing date?

The shares listed on 02 July 2018.

How many times was the Fine Organic Industries IPO subscribed?

It was subscribed 8.99x overall: QIB 12.9x, NII 21.0x and retail 1.62x (NSE and BSE together).

Fine Organic Industries IPO

Fine Organic Industries Limited (FINEORG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 July 2018.

Listed 2 Jul Subscribed 8.99x Listing gain +4.1%

Issue details

Price band

₹780–783

Issue price

₹783

Lot size

19 shares

Min. retail bid

₹14,877

Max. retail bid

13 lots (₹1,93,401)

Issue size

₹600 Cr

Face value

₹5

Bidding

20 Jun – 22 Jun 2018

Listing

02 Jul 2018

Retail quota

35%

Registrar

Karvy Computershare Private Limited

Listing day

Listed at

₹815

+4.1% vs issue price ₹783

Day's high

₹834

+6.5% · low ₹787 (+0.5%)

Day's close

₹823

+5.1% · traded ₹473 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	15,32,999	1,97,06,705	12.9x
NII (HNI) total	11,49,750	2,41,54,092	21.0x
Retail	26,82,748	43,57,783	1.62x
Total	53,65,497	4,82,18,580	8.99x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Fine Organic Industries's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Future Supply Chain SolutionsDec 2017	12.4x	11.2x	3.28x	7.56x	₹650 Cr	0.0%	+5.3%
HPL Electric and PowerSep 2016	5.77x	22.2x	3.31x	8.06x	₹417 Cr	-5.9%	-2.0%
Sandhar TechnologiesMar 2018	14.5x	6.39x	1.42x	6.19x	₹515 Cr	+4.2%	+6.0%
PSP ProjectsMay 2017	8.38x	10.4x	6.47x	8.58x	₹212 Cr	-9.5%	-5.0%
Larsen & Toubro InfotechJul 2016	19.9x	10.8x	7.39x	11.7x	₹1,242 Cr	-6.1%	0.0%
Newgen Software TechnologiesJan 2018	15.6x	5.52x	5.18x	8.25x	₹428 Cr	+3.7%	+8.9%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
JM Financial	109	+22.8%	75%
Edelweiss Financial Services	16	+25.0%	69%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Fine Organic Industries IPO price band and lot size? ₹780–783 per share, with a lot of 19 shares, so the smallest retail bid is ₹14,877.

How many times has it been subscribed? 8.99x overall: QIB 12.9x, NII 21.0x, retail 1.62x.

How did it list? It opened at ₹815, +4.1% against the issue price of ₹783, and closed its first day +5.1%.

Other IPOs of 2018

Dinesh Engineers Garden Reach Shipbuilders & Engineers Aavas Financiers Ircon International HDFC Asset Management Company TCNS Clothing Co.Varroc Engineering RITES All 2018 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.