Fine Organic IPO is into manufacturing of oleochemical-based additives and is all set to make a debut in the stock market with an issue size of 600.2 Cr.
Fine Organic IPO – Overview
Tentative Dates
| Fine Organic IPO opening date | 20 June 2018 |
| Fine Organic IPO closing date | 22 June 2018 |
| Basis of Allotment | 27 June 2018 |
| Initiation of Refunds | 28 June 2018 |
| The credit of Shares to Demat | 28 June 2018 |
| Fine Organic IPO Listing Date | 01 July 2018 |
Company Overview
It is into manufacturing of oleochemical-based additives. it is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry. The company produces a wide range of specialty plant derived oleochemicals-based additives ,used in food, plastic, cosmetics, paint, ink, coatings and other specialty applications in various industries. It has a range of 387 different products sold under the ‘Fine Organics’ brand.
Fine Organics is the first company to introduce slip additives in India.
Industry Overview
The Indian plastic additives market size is estimated to be₹ 55-60 billion in CY2016.Going forward,betweenCY2016 and CY 2021, the Indian plastic additives market size is to reach ₹ 90 billion by growing at 8-10% CAGR driven by increased usage in the polymer (PE, PP, and PVC) sectors, which are expected by CRISIL Research to grow at a healthy 8-10% CAGR driven by the factors mentioned below. CRISIL Research expects premium packaging segments to drive the growth of plastic additives. Indian plastic additives market outlook source: CRISIL Research, Mordor Intelligence India has Low Per Capita Plastic Consumption India has very low per capita plastic consumption of approximately 11 kg compared with the global average of 30 kg. Traditional materials ominate the application areas of plastic. This will lead to higher demand growth for the Indian plastic resin industry. High plastic resin growth will increase the demand for plastic additives as well.
Objectives
- The objectives of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and to carry out the sale of up to 7,664,994 Offered Shares by the Selling Shareholders. The listing of Equity Shares will enhance the Company’s brand name and provide liquidity to the existing Shareholders. 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.
Financial Statements
| Particulars | 31-March-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 4,835.99 | 4,576.40 | 4,228.49 |
| Total Revenue | 5,928.23 | 7,892.24 | 6,661.22 |
| Profit After Tax | 625.89 | 794.76 | 769.64 |
Strengths
- Largest Producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemical based Additives Industry in the World.
- Strategically Located Production Facilities with In-house Development Capabilities.
Company Contact Information
Fine Organic Industries Limited
Fine House,
Anandji Lane
Ghatkopar (East), Mumbai 400 077
Phone: (91 22) 2102 5000
Email: investors@fineorganics.com
Website: http://www.fineorganics.com
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Edelweiss Financial Services Ltd (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
