Fineotex Chemical: Rs 23 Share to Stir Market Monday After 5 Million New Share Allotment

• Fineotex Chemical Limited's board approved the allotment of 5 million new equity shares through warrant conversion, increasing paid-up capital to Rs 116.45 crore.
• The preferential allotment to non-promoter investors strengthens the company's financial position but introduces dilution for existing shareholders.
• Renowned investor Ashish Kacholia holds a 2.59% stake (over 3 crore shares) in Fineotex Chemical, making corporate decisions highly scrutinized.
• The share closed at Rs 22.93, with a market cap of Rs 2,627 crore; despite recent pressure, it has delivered multibagger returns over five years.
• As a specialty chemicals company with strong fundamentals and export business, market sentiment and dilution impact will be closely watched on Monday.

Why It Matters: Fineotex Chemical's new share allotment and Ashish Kacholia's stake will drive market attention and potential volatility on Monday.