The IPO of Fine Organic Industries Limited is set to get listed on both of the Exchanges i.e. the National Stock Exchange and Bombay Stock Exchange. Fine Organic Industries will list as on June 20 ,2018 with a price band of Rs. 780-783 per equity share. Interested clients can fetch relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates, Subscription details, application form & research recommendation etc. Fine Organic Industries Limited has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The lot size for applying the IPO is for 19 shares. One can apply for this IPO through ASBA i.e. Application supported by Blocked amount only. The retail segment can apply maximum application amount of Rs. 2 lacs of the issue.
Company profile:-
Fine Organic Industries Limited (“Fine Organic”) The Company was incorporated on May 24,2002 in Maharashtra at Mumbai India. This is one of the biggest manufacturer of oleochemical- based additives in the country which is used in the food, plastic, cosmetics, paint, ink, coatings and other specialty application in several industries. It works its plastics additives and specialty additives for the packaging of foods and other fast moving consumer goods. It is one of the first company to introduce slip additives in India.
Multinational, regional and local players manufacturing consumer products like Hindustan Unilever and Parle Products, and Petrochemical companies and Polymer producers are the significant customers of the firm.
The company runs three production units in Ambernath (Maharashtra) (the “First Ambernath Facility”); Badlapur (Maharashtra) (the “Badlapur Facility”); and Dombivli (Maharashtra) (the “Dombivli Facility”) having a combined installed capacity of approximately 64,300 tonnes per annum. The firm has introduced and developed many new products as Acetem, Datem and Lactem, and processes, such as in-house technology further to produce fatty amides for the polymer industry.
Outlook of the Firm:-
- One of the biggest producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemicalbased Additives Industry in the World;
- Various product portfolio offering in the market;
- Follow strong Business Model with High Entry Barriers;
- Flexible and Strategically Located Production Facilities with In-house Development Capabilities;
- Manage strong R&D Capability to innovate new products;
- Maintain strong Customer relationships with Marquee Customers;
- Efficient and qualified management team.
Objects Of The Issue:-
The objects of the Offer are:-
1) To get the benefits of listing Equity Shares on the Stock Exchanges;
2) To carry out the sale of up to 7,664,994 Offered Shares by the Selling Shareholders;
3) It will increase the brand name of the firm and provide liquidity to the existing Shareholders;
4) The Company will not receive any proceeds from the Offer and all the proceeds from the Offer, less Offer related expenses, will go to the Selling Shareholders.
Summary Of Issue:
| Issue Open:- | Jun 20, 2018 – Jun 22, 2018 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Value) | 7,664,994 Equity Shares of Rs 5 aggregating up to Rs. 600.17 Cr |
| Face Value | Rs. 5 Per Equity Share |
| Issue Price | [Rs 780 – Rs 783] Per Equity Share |
| Market lots | 19 Shares |
| Minimum Order Quantity | 19 Shares |
| Listing At | BSE, NSE |
(*) indicates to be updated
Fine Organic Industries Limited IPO Subscription Details
| Sr.No. | Category | No. of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 1532999 | 19706705 | 12.86 |
| 2 | Non Institutional Investors (NIIs) | 1149750 | 24154092 | 21.01 |
| 3 | Retail Individual Investors (RIIs) | 2682748 | 4357783 | 1.62 |
| Total | 5365497 | 48218580 | 8.99 |
Updated as on 22th Jun 2018 at 05:00 pm.
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Important dates for Fine Organic Industries IPO Allotment Status
Fine Organic Industries Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
- The Allotment date for Fine Organic Industries IPO issue is expected on June 27, 2018.
- The amount will get unblocked on June 28, 2018
- The Shares are expected to credit in DP accounts on June 28, 2018
- The Shares of Fine Organic Industries Limited is likely to get listed on June 29, 2018 on both BSE and NSE.
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How to check Fine Organic Industries IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Your IPO Allotment Status
- Go to Application Status
- Select IPO as Fine Organic Industries IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “Fine Organic Industries Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
1) Prakash Damodar Kamat,
2) Mukesh Maganlal Shah
3) Jyotsna Ramesh Shah
4) Jayen Ramesh Shah
5) Tushar Ramesh Shah
6) Bimal Mukesh Shah
Financials:- (Consolidated)
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Equity And Liabilities | 4485.85 | 4189.64 | 3747.74 | 3402.55 | 2553.78 |
| Total Revenue | 7926.62 | 6676.51 | 6165.15 | 5741.85 | 4975.10 |
| Total Expenses | 6718.34 | 5508.24 | 5308.93 | 4796.15 | 4665.53 |
| Profit After Tax (PAT) | 776.75 | 761.90 | 570.76 | 617.46 | 208.97 |
Book Running Lead Managers Details:-
1) JM Financial Limited*
7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi
Mumbai 400 025 Tel: (91 22) 6630 3030
Fax: (91 22) 6630 3330
E-mail: foil.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration number: INM000010361
2) Edelweiss Financial Services Limited
14th Floor, Edelweiss House Off. C.S.T. Road Kalina
Mumbai 400 098 Tel: (91 22) 4009 4400
Fax: (91 22) 4086 3610
E-mail: foil.ipo@edelweissfin.com
Investor grievance e-mail: customerservice.mb@edelweissfin.com
Website: www.edelweissfin.com
Contact person: Mohit Kapoor
SEBI registration number: INM0000010650
Registrar to the offer:-
Karvy Computershare Private Limited
Karvy Selenium,Tower B Plot number 31 & 32
Gachibowli Financial District Nanakramguda
Hyderabad 500 032
Tel: (91 40) 6716 2222
Fax: (91 40) 2343 1551
E-mail: einward.ris@karvy.com
Investor grievance e-mail: foil.ipo@karvy.com
Website: https://karisma.karvy.com
Contact Person: M Murali Krishna
SEBI registration no.: INR000000221
Registered Office Details:-
Fine House, Anandji Lane, Ghatkopar (East),
Mumbai 400 077
Contact Person: Pooja Gaonkar,
Company Secretary and Compliance Officer; Tel: (91 22) 2102 5000;
Fax: (91 22) 2102 8899
E-mail: investors@fineorganics.com;
Website: www.fineorganics.com
Corporate Identity Number: U24119MH2002PLC136003
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