Fine Organics lists with 4% premium at Rs 815 on bourses

The scrip hit a high and low of Rs 823 and Rs 798 respectively till now. Fine Organics listed at Rs 815, a premium of over 4% on NSE and BSE with respect to its issue price. At 10:20 am, the stock was trading at Rs 806, up 3% with respect to issue price and down 1% as compared to its open price on BSE. On comparison, the S&P BSE Sensex was trading 0.5% lower. The scrip hit a high and low of Rs 823 and Rs 798 respectively till now. The Rs 600-crore initial public offer was oversubscribed by 8.99 times during June 20-22, 2018. The reserved portion of qualified institutional buyers (QIBs) portion was subscribed 12.86 times, non-institutional investors 21.01 times and retail investors 1.62 times.

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