Manorama Industries Limited IPO

Manorama Industries Limited

Issue Open

Sep 21, 2018

Price Band

₹ 181 - ₹ 188

Issue Size

₹ 64.00 Cr

Credit of Shares to Demat

-

Issue Close

Sep 25, 2018

Bid Lot

600

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

600

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 04, 2018

Refunds

-

About the company:

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

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