The Fine Organic Ltd IPO date has been confirmed from June 20, 2018 and ended on June 22, 2018. Read the post to learn about Fine Organic Ltd IPO GMP.
Fine Organic Ltd 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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Key Details Of Fine Organic Ltd IPO:
Bidding Dates
June 20-22
Price Range
₹780 to ₹783 per share
Face Value
₹5 per share
GMP
₹4,914
Fine Organic Ltd IPO GMP
The Fine Organic IPO GMP Today is ₹4,914.
Fine Organic Ltd IPO Overview
Fine Organic Ltd 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 Ltd 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 Ltd IPO 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 Ltd 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 Ltd, headquartered in Mumbai, was established in 2002 and specializes in the development of oleochemical-based additives. According to the CRISIL Research Report, it is India’s largest maker of oleochemical-based additives and a worldwide participant in the industry. The firm produces a wide range of unique plant-derived oleochemical-based additives for use in food, plastics, cosmetics, paint, ink, coatings, and other niche applications across a number of sectors. It distributes 387 different products under the ‘Fine Organics’ brand.
Fine Organics was the first company in India to offer slip additives and is the world’s largest manufacturer of slip additives. Its direct customers include global, regional, and local consumer goods manufacturers such as Hindustan Unilever and Parle Products, as well as petrochemical and polymer producers across the world. Plastic additives and specialized additives are also used in food and other high-volume consumer products packaging.
The firm presently has three production sites in Maharashtra: Ambernath, Badlapur, and Dombivli. As of December 31, 2017, the three plants’ total installed capacity was about 64,300 tons per year. Olefine Organics (“Olefine”), a partnership firm and Promoter Group subsidiary, also produces the company’s goods on a job-sharing basis at a manufacturing unit in Ambernath, Maharashtra.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Fine Organic Industries Limited |
| Phone number | (91 22) 2102 5000 |
| Email ID | [email protected] |
| Website | fineorganics.com |
IPO Strengths
- 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.
Fine Organic Ltd IPO FAQs
When Fine Organic IPO will open?
The Fine Organic IPO opens on June 20, 2018 and closes on June 22, 2018.
What is the lot size of Fine Organic IPO?
Fine Organic IPO lot size is 19 Shares, and the minimum amount required is ₹14,877.
When is Fine Organic IPO allotment?
The finalization of Basis of Allotment for Fine Organic IPO will be done on Wednesday, June 27, 2018, and the allotted shares will be credited to your demat account by Thursday, June 28, 2018.
When is Fine Organic IPO listing date?
The Fine Organic IPO listing date is on July 2, 2018.
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