Oceanaa Biotek Industries (OBIL) has hit the capital markets, through BSE SME Platform, with an initial public offering IPO of 21,00,000 equity shares of Rs 10 each aggregating upto Rs 2.10 crore. The issue opens for subscription on March 18, 2014 at a fixed price band of Rs 10 per share, while it will close for subscription on March 20, 2014.
OBIL is a specialized food testing laboratory and engaged in the business of food analysis. They are setting up a specialized food analysis laboratory to perform consumer food testing for food producers worldwide. The company is an independent entity of the Oceanaa group
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