The Fine Organic date has been confirmed from June 20, 2018 and ended on June 22, 2018.
Fine Organic Developers IPO is a fixed price issue of Rs 600.20 crores. The price band is set at ₹780 to ₹783 per share. The minimum lot size for an application is 19 Shares. The minimum amount of investment required by retail investors is ₹14,877.
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Bidding Dates
June 20-22
Price Range
₹780 to ₹783 per share
Face Value
₹5 per share
GMP
₹4,914.00
Fine Organic IPO GMP
The Fine Organic IPO GMP is ₹4,914.00.
IPO Overview
Fine Organic IPO is a Rs 600.20 crore book-built issue. Bidding for the Fine Organic IPO began on June 20, 2018 and finished on June 22, 2018. On Wednesday, June 27, 2018, the Fine Organic IPO allotment was completed. On July 2, 2018, the shares were listed on the BSE and NSE. The Fine Organic IPO pricing range is ₹780 to ₹783 per share. An application requires a minimum lot size of 19 Shares. Retail investors must make a minimum investment of ₹14,877.
It intends to take over operation of the Second Ambernath Facility after Olefine receives consent from MIDC, the owner of the land on which the facility is located, to enter into a sub-lease with us, which is expected in the fourth quarter of Fiscal 2018. In Mahape, Navi Mumbai, the company has a specialised research and development (“R&D”) centre. The corporation employs 596 full-time workers.
- Largest Producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemicalbased Additives Industry in the World
- Strategically Located Production Facilities with In-house Development Capabilities
- Strong R&D Capability- developed and launched 46 new products since 2014
Fine Organic IPO Details
| IPO Date | June 20, 2018 to June 22, 2018 |
| Listing Date | July 2, 2018 |
| Face Value | ₹5 per share |
| Price Band | ₹780 to ₹783 per share |
| Lot Size | 19 Shares |
| Total Issue Size | 7,664,994 shares (aggregating up to ₹600.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Fine Organic Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 4,835.99 | 4,576.40 | 4,228.49 | 3,776.57 | 3,411.16 | 2,553.78 |
| Total Revenue | 5,928.23 | 7,892.24 | 6,661.22 | 6,180.49 | 5,746.49 | 4,975.10 |
| Profit After Tax | 625.89 | 794.76 | 769.64 | 590.91 | 626.12 | 208.97 |
Fine Organic IPO Timeline
| IPO Open Date | Wednesday, June 20, 2018 |
| IPO Close Date | Friday, June 22, 2018 |
| Basis of Allotment | Wednesday, June 27, 2018 |
| Initiation of Refunds | Thursday, June 28, 2018 |
| Credit of Shares to Demat | Thursday, June 28, 2018 |
| Listing Date | Monday, July 2, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 22, 2018 |
Company Profile
Fine Organic Industries Limited, situated in Mumbai, was founded in 2002 and specialises in the production of oleochemical-based additives. According to CRISIL Research Report, it is India’s largest manufacturer of oleochemical-based additives and a global player in this business. The company manufactures a diverse range of specialty plant-derived oleochemicals-based additives for use in food, plastic, cosmetics, paint, ink, coatings, and other niche applications in a variety of industries. It sells 387 different goods under the ‘Fine Organics’ brand.
Fine Organics was the first firm in India to introduce slip additives and is the world’s largest producer of slip additives. Its direct customers include multinational, regional, and local consumer product manufacturers such as Hindustan Unilever and Parle Products, as well as petrochemical and polymer makers worldwide. Plastic additives and specialty additives are also utilised in food and other fast-moving consumer goods packaging.
The company now has three manufacturing plants in Maharashtra: Ambernath, Badlapur, and Dombivli. As of December 31, 2017, the combined installed capacity of these three facilities was roughly 64,300 tonnes per annum. Olefine Organics (“Olefine”), a partnership firm and a Promoter Group subsidiary, also manufactures the company’s products on a job-work basis at a manufacturing plant in Ambernath, Maharashtra.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Fine Organic Industries Limited |
| Phone number | (91 22) 2102 5000 |
| Email ID | investors@fineorganics.com |
| Website | fineorganics.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
