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Fine Organic Industries Limited IPO

Add to Calendar 2018-06-20 12:00 AM 2018-06-22 12:00 AM Asia/Kolkata Fine Organic Industries Limited IPO Fine Organic Industries Limited India

Fine Organic Industries Limited is a mumbai based company engaged in production of oleochemical-based additives. Fine Organic Industries Limited is the largest manufacturer of oleochemical-based additives in india and a strong presence globally also.

It has 3 manufacturing units in Ambernath, Badlapur, and Dombivli, Mumbai. To support its operations and end to end to processes, the company has employed around 600 people.

Date of Establishment: The company was incorporated in 24th May, 2002

Promoters of Fine Organic Industries Limited: Prakash Damodar Kamat, Mukesh Maganlal Shah, Jyotsna Ramesh Shah, Jayen Ramesh Shah, Tushar Ramesh Shah; and Bimal Mukesh Shah are the promoters of the company.

Products and services offered: The company sells around 400 different products under the brand Fine organics. The manufactured additives are used in food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries and sectors.

Customer Segment: The company services different industries across the world including India. Companies in the sector of FMCG, Petrochemical and Polymer manufacturers are the main clients of the company.

Objective of the Issue: The objective of the Issue are:
-        Leverage the benefits of listing Equity Shares on the Stock Exchanges
-        To improve the brand image of the company

Company Financials:

Particulars

For the year/period ended (in Rs. Millions)
 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

  

Total Assets

4,576.40

4,228.49

3,776.57

3,411.16

2,553.78

  

Total Revenue

7,892.24

6,661.22

6,180.49

5,746.49

4,975.10

  

Profit After Tax

794.76

769.64

590.91

626.12

208.97

  

Issue Detail

  • Issue Open: Jun 20, 2018
  • Issue Close: Jun 22, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 5 Per Equity Share
  • Price Band: Rs 780 - Rs 783 Per Equity Share
  • Bid Lot:19 Shares
  • Minimum Order Quantity:19 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 600.17 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 1,532,999 1,149,750 2,682,748 - - 5,365,497
Day 1 - Jun 20, 2018IST 0.1700 0.0051 0.1285 - - 0.1203
Day 2 - Jun 21, 2018IST 0.6436 0.0463 0.4034 - - 0.3977
Day 3 - Jun 22, 2018IST 6.1998 0.5690 0.8718 - - 2.3242

Listing Day Trading Information

- BSE NSE
Issue Price Rs 783.00 Rs 783.00
Open Rs 815.00 Rs 815.00
Low Rs 787 Rs 786.65
High Rs 834 Rs 833.70
Last Trade Rs 822.80 Rs 822.80
Volume 882,982 5,816,448

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