Fineotex Chemical Limited IPO

Issue Open: Feb 23, 2011 - Feb 25, 2011.
Issue Size: Rs. 25.27 - 30.32 Crore.
Face Value: Rs. 10 Per Equity Share.
Issue Price: Rs. 60 - Rs. 72 Per Equity Share.
Minimum Order Quantity: 90 Shares.
Listing At: BSE.
Name of the registrar Bigshare Services Pvt. Ltd.

One more over-priced IPO.

100% avoid.

In my opinion, the fair value of the stock would around 40.

(I am assuming the company will be able to raise Rs 30 crore at the upper-end of the price band).

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