IPO OPENS TODAY - OMKAR SPECIALITY CHEMICALS

Omkar Speciality Chemicals Limited
Price Band: Rs 95 to Rs 98 
Issue Opens on: January 24, 2011 | Issue Closes on: January 27, 2011

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IPO  - ISSUE DETAILS Issue Opens: January 24, 2011 Issue Closes: January 27, 2011 Lot Size: 60 Shares & in multiples of 60 shares thereafter Price Band: Rs.95 - Rs.98 Issue size: Rs 79.38 crore

Issue Highlights (Source: BRLM/RHP)

Omkar Speciality Chemicals Ltd is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc. 
Omkar Speciality intends to use issue proceeds for setting up of new manufacturing facility at Unit 4 at Badlapur, Maharashtra, with cost of Rs 32.16 crore; expansion of existing manufacturing facilities at Unit 1, Unit 2 & Unit 3 at Badlapur, Maharashtra, with Rs 14.62 crore; and working capital requirements of Rs 10 crore.