Fine Organic IPO:GMP, Issue Size, Issue Price and Important dates

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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    

 Issue Date           20-22 June 2018 
Fine Organic IPO Opening Date           20 June 2018 
Fine Organic IPO Face Value           INR 5 per share           
Fine Organic IPO Price           INR 783 per share          
Fine OrganicIPO Lot Size           19 Shares          
Issue Size           600.2 Cr      
Offer for sale  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE          
QIB Shares Offered             13.45 times 
NII (HNI) Shares           5.08 times 
Company Promoters           The Promoters of the Company are: 
1. Prakash Damodar Kamat; 
2. Mukesh Maganlal Shah; 
3. Jyotsna Ramesh Shah; 
4. Jayen Ramesh Shah; 
5. Tushar Ramesh Shah. 
6. Bimal Mukesh Shah. 
XELPMOC DESIGN AND TECH IPO

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) 

  1. Edelweiss Financial Services Ltd (Past IPO Performance) 
  1. JM Financial Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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