Manorama Industries IPO is all set to make its debut on 21st Sept 18 with 64 Cr is a company engaged in the business of manufacturing, processing and supply of specialty fats & oils like Sal butter, Sal fat, Sal oil, Sal Stearine, Sal olein, Mango butter, Mango fat, Mango oil, Mango Stearine, Kokum butter, Kokum oil, Mowrah fat, and other tailor-made products. It majorly caters to the chocolate and cosmetic industry.
Manorama Industries IPO – overview
| IPO Dates | 21-25 sept 18 |
| IPO Price | INR 188 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,404,400 shares (INR 64 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2005, Mumbai based Manorama Industries Limited is a company engaged in the business of manufacturing, processing and supply of specialty fats & oils like Sal butter, Sal fat, Sal oil, Sal Stearine, Sal olein, Mango butter, Mango fat, Mango oil, Mango Stearine, Kokum butter, Kokum oil, Mowrah fat, and other tailor-made products.
It majorly caters to the chocolate and cosmetic industry. With an annual production of 3,000-4,000 tonnes, the company is one of the leading manufacturers of Sal Oils and Stearine globally. Manorama Industries has partnered with one of the leading chocolate manufacturers for supply of CBE for a 2 year period starting 2018. Currently, it has an order book to supply CBE worth Rs. 7680.00 lakhs. The company has been recognized as a Star Export House by Government of India. Internationally, it supplies its products to Japan, Italy, Malaysia, Germany, Sweden, Denmark, Indonesia, Singapore, Netherlands, and the UK. Some of the major customers of the company include global chocolate/ CBE manufacturers like Ferrero (Italy), Ferrero (India), Mitsui (Japan), Unigra (Italy), Walter Rau (Germany), Adeka Corporation (Japan), Olvea Vegetable Oils (France), etc.
The supply of Mango Butter. From 2013-14 to 2017-18- -Total revenue has grown from Rs. 10,532.50 lakhs to Rs. 22,189.33 lakhs, at a CAGR of 20.46%. -EBITDA has grown from Rs. 462.26 lakhs to Rs. 1,851.48 lakhs, at a CAGR of 41.43%. -PAT has grown from Rs. 89.62 lakhs to a profit of Rs. 1,035.56 lakhs at a CAGR of 84.29%. The Company is in the process of setting up an integrated manufacturing facility at Raipur, Chattisgarh to carry out its entire manufacturing operations under one roof. The facility will have a capacity of around 11,250 tonnes p.a. of specialty fats and CBE. The company has 66 permanent employees on its payroll.
Competitive Strengths–
1. A robust network of raw material suppliers across Chhattisgarh, Odisha, Jharkhand and Madhya Pradesh etc., with over 18,000 collection centers
2. Large global businesses as customers with a history of repeat orders.
Objects of the Issue
- Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products
- General Corporate Purposes.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 4,676.47 | 2,260.94 | 2,022.82 |
| Total Revenue | 22,189.33 | 14,638.20 | 13,169.45 |
| Profit After Tax | 1,035.56 | 137.52 | 108.21 |
Company Contact Information
Manorama Industries Limited
Office No 403, 4th Floor,
Midas, Sahar Plaza, Andheri Kurla Road,
Andheri East, Mumbai- 400059
Phone: 022-67088148
Email: investors@manoramagroup.co.in
Website: http://www.manoramagroup.co.in
Manorama Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: manorama.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Manorama Industries IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
