Omkar Speciality Chemicals has set an issue price at higher end of price band of Rs95-Rs98/share
Omkar Speciality Chemicals has fixed 10th February as a listing date for its equity shares, which recently issued via public issue. It has set an issue price at higher end of price band of Rs95-Rs98/share.
The issue was opened for subscription on 24th to 27th January and was subscribed 4.67 times. Omkar Speciality raised Rs79.38 crore through issue.
The company is mainly engaged in the manufacture and sale of speciality chemicals and pharma intermediates. The issue proceeds are proposed to be deployed for setting up of new manufacturing facility at Unit 4 in Badlapur, Maharashtra, with cost of Rs32.16 crore; expansion of existing manufacturing facilities at Unit 1, Unit 2 & Unit 3 in Badlapur with Rs14.62 crore; and working capital requirements of Rs10 crore.
L&T Mutual Fund’s new issue closes on 10th February
L&T Mutual Fund has launched L&T FMP-III (February90D A), a close-ended income scheme.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt/fixed income securities maturing on or before the maturity of the scheme.
The new issue opens on 9th February and closes on 10th February. The minimum investment amount is Rs5,000.
Kotak Mahindra Mutual Fund’s new issue closes on 14th February
Kotak Mahindra Mutual Fund has launched Kotak FMP Series 35 (370 Days), a close-ended income scheme.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.
The new issue opens on 9th February and closes on 14th February. The minimum investment amount is Rs5,000.