IN PIC.: L-R – Devan Kampani (JM Financial Limited), Tushar Shah (Chief Financial Officer, Fine Organic Industries Limited), Prakash Kamat (Chairman, Fine Organic Industries Limited), Mukesh Shah (Managing Director, Fine Organic Industries Limited), Jayen Shah (Chief Executive Officer, Fine Organic Industries Limited) and Jibi Jacob (Edelweiss Financial Services Limited) at Fine Organic Industries Limited IPO Press Conference held in Mumbai today – Photo By Sachin Murdeshwar

MUMBAI, (GPN): Fine Organic Industries Limited proposes to open on Wednesday, June 20, 2018*, an initial public offering (IPO) of 7,664,994 Equity Shares through an offer for sale by the promoter group selling shareholders.

* The Company and the Promoter Group Selling Shareholders may, in consultation with the Book Running Lead Managers, consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid / Offer Period shall be one Working Day prior to the Bid / Offer Opening Date.

The Bid/Offer Period closes on Friday, June 22, 2018.

The Price Band for the Offer is from Rs. 780 to Rs. 783 per Equity Share. Bids can be made for a minimum lot of 19 Equity Shares and in multiples of 19 Equity Shares thereafter, announced by Prakash Kamat, Chairman of Fine Organic Industries Ltd during the press conference in Mumbai.

The Equity Shares are being offered through the red herring prospectus dated June 11, 2018 (the “RHP”) registered with the Registrar of Companies, Maharashtra at Mumbai.

The Equity Shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are JM Financial Limited and Edelweiss Financial Services Limited. Karvy Computershare Private Limited is the Registrar to the Offer.

The Offer is being made in terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”),  this is an Offer for such percentage of the post-Offer paid-up Equity Share capital of our Company that will be at least ₹ 4,000 million calculated at the Offer Price . The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the SEBI ICDR Regulations, wherein 50% of the Offer shall be allocated on a proportionate basis to QIBs (“QIB Portion”), provided that our Company and the Promoter Group Selling Shareholders, in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), at the Anchor Investor Allocation Price. At least one-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Offered Shares shall be added to the Net QIB Portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Offered Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders, other than Anchor Investors, shall participate in the Offer through an Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”). Anchor Investors are not permitted to participate in the Offer through ASBA Process.

For details, see “Offer Procedure” beginning on page 477 of the RHP.

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the RHP. Ends

The RHP is available on the website of SEBI at www.sebi.gov.in, NSE at www.nseindia.com, BSE at www.bseindia.com and is available on the website of the BRLMs, i.e. at www.jmfl.com and www.edelweissfin.com.