Fine Organic Industries Limited IPO, Fine Organic IPO Details

By | July 3, 2018

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.

Fine Organic IPO

Fine Organic IPO

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

  • To carry out the sale of up to 7,664,994 Offered Shares by the Selling Shareholders.
  • Enhance the Company’s brand name.
  • Provide liquidity to the existing Shareholders.
  • To achieve the benefits of listing the Equity Shares on the Stock Exchanges
Note: Company will not receive any proceeds from the Offer as all the proceeds will go the Selling shareholders.

About the IPO

  1. Fine Organic wants to raise Rs. 600 crores from the markets.
  2. 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.
  3. Bids can be made for a minimum lot of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
  4. The issue is an offer for sale of 7,664,994 Equity Shares from promoters.
  5. Promotors will be selling 25% of their stake and the post IPO promoter holding will decline to 75%.
  6. 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

NameFine Organic Industries Limited
Open Date20 Jun 2018
Close Date22 Jun 2018
Allotment Date28 Jun 2018
Refund Date29 Jun 2018
Listing Date02 Jun 2018
Issue PriceRs. 780 – Rs. 783 Per Equity Share
Lot Size19 Shares
Minimum Order Quantity19 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of 7,664,994 Equity Shares (including anchor portion of 2,299,497 Equity Shares)
Lead ManagerJM Financial Limited and Edelweiss Financial Services Limited
RegistrarKarvy Computershare Private Limited
Listing atNSE / 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.

CLICK HERE.

Grey Market Price, GMP, Premium

DateGMPKostak RateSauda
29 Jun 2018Rs. 35 to 40—-—-
28 Jun 2018Rs. 35—-—-
27 Jun 2018Rs. 30Rs. 400Rs. 1700
26 Jun 2018Rs. 30Rs. 225Rs. 1700
25 Jun 2018Rs. 30Rs. 225Rs. 1700
22 Jun 2018Rs. 18Rs. 225Rs. 1700
21 Jun 2018Rs. 30Rs. 300Rs. 1700

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
9M FY 2018
Rs. 594.7Rs. 500.2Rs. 58.5
FY 2017Rs. 792.7Rs. 671.8Rs. 77.7
FY 2016Rs. 667.7Rs. 550.8Rs. 76.2
FY 2015Rs. 616.5Rs. 530.9Rs. 57.1
FY 2014Rs. 574.2Rs. 479.6Rs. 61.7
FY 2013Rs. 497.5Rs. 466.6Rs. 20.9
**(All Figures in Rs. Crores)

Valuations

  • 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

Subscription Details

CategorySHARES OFFERED20 Jun 201821 Jun 201822 Jun 2018
RII26827480.130.401.62
NII11497500.010.0421.01
QIB15329990.170.6412.86
Total53654970.120.398.99

Registrar

Karvy Computershare Private Limited

  • Telephone: (91 40) 6716 2222
  • Fax: (91 40) 2343 1551
  • Email: [email protected]
  • Website: https://karisma.karvy.com

Listing Date

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 PriceRs. 783Rs. 783
OpenRs. 815Rs. 815
HighRs. 834Rs. 833.70
LowRs. 787Rs. 786.65
CloseRs. 822.80Rs. 822.80

Fine Organic Industries Limited Address

Registered Office and Corporate Office: Fine House, Anandji Lane, Ghatkopar (East),Mumbai 400 077

Telephone: (91 22) 2102 5000;
Fax: (91 22) 2102 8899;
E-mail: [email protected];
Website: www.fineorganics.com

IPO DRHP / Prospectus

Download Now – Click Here.

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