Fine Organics IPO opened for subscription on Wednesday. The company is the largest manufacturer of oleochemical based additives in India and a strong player globally in the industry.

“Yesterday we closed the anchor book. It is a well-diversified mix of the investors,” said Tushar Shah, CFO of the company.

“India has been growing significantly over the past few decades, we anticipate a growth of around 15 percent year-on-year for our range of products,” he added.