Fine Organic Industries Limited IPO, Fine Organic IPO Details
Leading manufacturer of plastic and food additives Fine Organic Industries Limited’s initial public offering (IPO) will open on Wednesday, 20th June 2018. The company has said that the end date of its IPO will be Friday, 22nd June 2018. The price band for the Fine Organic Industries IPO is from Rs. 780 to Rs. 783 per equity share. Investors can make a bid for a minimum of 19 shares and in multiples of 19 shares thereafter. Investors should note that this is an offer for sale (OFS) of 7,664,994 Equity Shares.
Investors can look at the below section for the detailed information about this IPO. Download the DRHP also from the given part of the website.
- 1 Fine Organic IPO
- 2 Fine Organic IPO, Allotment, Date, Price, Lot Size, Subscription, Listing
- 3 Fine Organic Industries IPO Allotment Date and Link
Fine Organic IPO
About the company:
- The Fine Organic Industries Limited was incorporated in 2002.
- It is the largest manufacturer of plastic and food / oleo-chemical based additives in India.
- The company manufactures various additives products used in Cosmetics, Paint, Food, Plastic, Ink, Coatings industries.
- The company is doing business under the brand name Fine Organics for over 44 years now.
- The company is well recognized in national and international markets and it sells 387 products under its brand name.
- It is the largest producer of slip additives in the world and it was the first company to bring slip additives in India.
- Around three-fourths of its revenue comes from the plastic additives business and rest from the food additives.
- The manufacturing plants of the company are situated at Ambernath, Badlapur and, Dombivli.
- The total production capacity of these plants is 64,300 tonnes.
Company Promoters: Prakash Damodar Kamat, Mukesh Maganlal Shah, Jyotsna Ramesh Shah, Jayen Ramesh Shah, Tushar Ramesh Shah and Bimal Mukesh Shah
Objects of the Issue
About the IPO
- Fine Organic wants to raise Rs. 600 crores from the markets.
- The dates are 20th June to 22nd June and the price is between Rs. 780 to Rs. 783 per share with the face value of Rs. 05 per share.
- Bids can be made for a minimum lot of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
- The issue is an offer for sale of 7,664,994 Equity Shares from promoters.
- Promotors will be selling 25% of their stake and the post IPO promoter holding will decline to 75%.
- The value of the company is Rs. 2400 crores at the upper end of the price band.
Fine Organic IPO, Allotment, Date, Price, Lot Size, Subscription, Listing
|Name||Fine Organic Industries Limited|
|Open Date||20 Jun 2018|
|Close Date||22 Jun 2018|
|Allotment Date||28 Jun 2018|
|Refund Date||29 Jun 2018|
|Listing Date||02 Jun 2018|
|Issue Price||Rs. 780 – Rs. 783 Per Equity Share|
|Lot Size||19 Shares|
|Minimum Order Quantity||19 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||Initial Public offer of 7,664,994 Equity Shares (including anchor portion of 2,299,497 Equity Shares)|
|Lead Manager||JM Financial Limited and Edelweiss Financial Services Limited|
|Registrar||Karvy Computershare Private Limited|
|Listing at||NSE / BSE|
Fine Organic Industries IPO Allotment Date and Link
It is expected that the Fine Organic Industries IPO Allotment Date will be announced on 28th June 2018. The allotment link will be given here. Update: 27th June 2018: If you want to check the allotment of Fine Organic Industries, Please check the given link.
Grey Market Price, GMP, Premium
|29 Jun 2018||Rs. 35 to 40||—-||—-|
|28 Jun 2018||Rs. 35||—-||—-|
|27 Jun 2018||Rs. 30||Rs. 400||Rs. 1700|
|26 Jun 2018||Rs. 30||Rs. 225||Rs. 1700|
|25 Jun 2018||Rs. 30||Rs. 225||Rs. 1700|
|22 Jun 2018||Rs. 18||Rs. 225||Rs. 1700|
|21 Jun 2018||Rs. 30||Rs. 300||Rs. 1700|
|Date||Total Revenue||Total Expenses||Profit after Tax|
|9M FY 2018||Rs. 594.7||Rs. 500.2||Rs. 58.5|
|FY 2017||Rs. 792.7||Rs. 671.8||Rs. 77.7|
|FY 2016||Rs. 667.7||Rs. 550.8||Rs. 76.2|
|FY 2015||Rs. 616.5||Rs. 530.9||Rs. 57.1|
|FY 2014||Rs. 574.2||Rs. 479.6||Rs. 61.7|
|FY 2013||Rs. 497.5||Rs. 466.6||Rs. 20.9|
|**(All Figures in Rs. Crores)|
- Earnings Per Share (EPS): Rs. 25.33
- Price/Earnings (P/E) ratio: Rs. 30.79 – Rs. 30.91
- Return on Net Worth (RONW): 26.51%
- Net Asset Value (NAV): Rs. 95.57 per share
|Category||SHARES OFFERED||20 Jun 2018||21 Jun 2018||22 Jun 2018|
The Listing date of the shares of the company is 02nd July 2018. Please check this page later for the updates.
Listing Day Figures (02nd July 2018)
|BSE (541557)||NSE (FINEORG)|
|IPO Price||Rs. 783||Rs. 783|
|Open||Rs. 815||Rs. 815|
|High||Rs. 834||Rs. 833.70|
|Low||Rs. 787||Rs. 786.65|
|Close||Rs. 822.80||Rs. 822.80|
Fine Organic Industries Limited Address
IPO DRHP / Prospectus
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