SME Pre-Open
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:
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