Manorama Industries Limited IPO

Add to Calendar 2018-09-21 12:00 AM 2018-09-25 12:00 AM Asia/Kolkata Manorama Industries Limited IPO Manorama Industries Limited India

Manorama Industries Limited is engaged in the manufacturing, processing and supplying exotic and speciality fats & oils like Mango Stearine, Sal fat, Mowrah fat and various value-added customised products. It is amongst the largest producer of Stearine globally according to Care Industry Report. The company has an annual production of 3,000-4,000 tonnes and is currently regarded as the leading manufacturer of Stearine and Sal Oils.

Date of Incorporation: The company was incorporated on 9th August 2005 at Raipur in Chhatisgarh under the name of ‘Manorama Industries Private Limited’. Thereafter it was reconstructed into the public limited company renamed to ‘Manorama Industries Limited’ on March 23rd 2018.

Promoters of Manorama Industries Limited: Mrs Vinita Saraf is the promoter of Manorama Industries Limited.

Products and Services Offering: The company has varied products which are categorised below:

  • - Chocolate Industry: Cocoa-Based Equivalents, Sal Fat, Sal Stearine and Organic castor oil.

  • - Cosmetics Industry: Mango olein, Sal olein, Mango Butter and Kokum Butter among others.

  • - Deoiled meals: Sal meal and Mango kernel meal.

Customer Segments: The company has customer segment that is spread across the globe including Italy, USA, UK, Netherlands, Germany, Spain, China and Malaysia among others. Besides its clientele includes well-known names like Fuji Oil, Ferrero, Olam, L’Oreal, Adeline and Ascot among others.

Objectives of Manorama Industries Limited IPO: The core objects of this IPO are:

  • - To launch an integrated Greenfield project for production of CBE/ speciality fats and tailor-made products at  Birkoni.

  • - General Corporate Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

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


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

4,676.47

2,260.94

2,022.82

1,659.75

2,120.32

Total Revenue

2,189.33

14,638.20

13,169.45

13,343.50

10,532.50

Profit After Tax

1,035.56

137.52

108.21

94.16

89.62

Issue Detail

  • Issue Open: Sep 21, 2018
  • Issue Close: Sep 25, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 181 - Rs 188 Per Equity Share
  • Bid Lot:600 Shares
  • Minimum Order Quantity:600 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 64.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 532,200 1,350,600 1,350,600 - - 3,23,400
Day 1 - Sep 21, 2018IST 0.00x 0.49x 0.01x - - 0.21x
Day 2 - Sep 24, 2018IST 0.41x 0.87x 0.02x - - 0.44x
Day 3 - Sep 25, 2018IST 1.56x 1.59x 0.37x - - 1.08x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 188.00 -
Open Rs 190.20 -
Low Rs 180.00 -
High Rs 187.25 -
Last Trade Rs 183.65 -
Volume 92,400 -

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