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Welcome to our analysis of FISCHER CHEMIC LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 22 Mar 2024 to 08 Apr 2024. FISCHER CHEMIC LTD, offers shares priced between 12.00 each, with a face value of ₹10.00 per share.
| Security Name | FISCHER CHEMIC LTD |
|---|---|
| Issue Period | 22 Mar 2024 to 08 Apr 2024 |
| Book Running Lead Manager | NAVIGANT CORPORATE ADVISORS LIMITED |
| Book Size – No Of Shares | 1,43,00,000 |
| Buyer Member | Nikunj Stock Brokers Ltd |
| Cummulative Bid Quantity | ( AS ON Apr 5 2024 4:00PM )
Total Cumulative Bidded QtySubscription% of Total Total100.00% Demat Shares100.00% Physical Shares00.00% |
| End Date | 08-04-2024 |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of FISCHER CHEMIC LIMITED2) Offer to Buy – Acquisition Window (TAKEOVER) for FISCHER CHEMIC LTD- Live Activities Schedule3) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for FISCHER CHEMIC LIMITED. |
| Face Value | 10.00 |
| Floor Price/Offer Price | 12.00 |
| Indicative Price | |
| Issue Status | Live |
| Issue Type | Takeover |
| LTP | 688.60 |
| Market Lot | 1 |
| Maximum Offer Quantity | 1,43,00,000 |
| Minimum Offer Quantity | 1 |
| Name Of Acquirer(s)/Company | Time Medical International Ventures Pte Ltd (Hereinafter referred to as ‘Acquirer 1’) Mr. Shankar Varadharajan (Hereinafter referred to as ‘Acquirer 2’) Mr. Ravindran Govindan (Hereinafter referred to as ‘Acquirer 3’) (Hereinafter collectively referred to as ‘Acquirers’) |
| Offer Price () | 12.00 |
| Registrar | ADROIT CORPORATE SERVICES PRIVATE LIMITED |
| Security Type | Equity |
| Start Date | 22-03-2024 |
| Symbol | FISCHER |
| Tick Price | 0.01 |
| Type Of Issue | Takeover |
| Scripname | FISCHER CHEMIC LTD |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and ADROIT CORPORATE SERVICES PRIVATE LIMITED acts as the registrar. are the sponsor banks.
