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Fine Organic Industries Limited IPO (Fine Organic IPO) Detail

Jun 20, 2018 - Jun 22, 2018

Incorporated in 2002, Mumbai based Fine Organic Industries Limited is a company engaged in manufacturing of oleochemical-based additives. As per CRISIL Research Report, 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 the food, plastic, cosmetics, paint, ink, coatings and other specialty application 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 and is the largest producer of slip additives in the world. Its direct customers are multinational, regional and local players manufacturing consumer products, such as Hindustan Unilever and Parle Products, and petrochemical companies and polymer producers globally. The plastics additives and specialty additives are also used in the packaging of foods and other fast moving consumer goods.

The company currently has three production facilities in Ambernath, Badlapur, and Dombivli in Maharashtra. As of December 31, 2017, these three facilities have a combined installed capacity of approximately 64,300 tonnes per annum. The company's products are also manufactured on a job-work basis by Olefine Organics ("Olefine"), a partnership firm and a Promoter Group entity, at a manufacturing facility in Ambernath, Maharashtra. It plans to take over the operation of the Second Ambernath Facility once Olefine has received the approval to enter into a sub-lease with us from MIDC, which is the owner of the land on which the facility is located, which is expected to occur in the fourth quarter of Fiscal 2018. The company has a dedicated research and development ("R&D") center located in Mahape, Navi Mumbai.

The Company has 596 full-time employees on its payroll.

Investor Presentation

Strengths-
1. Largest Producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemicalbased Additives Industry in the World
2. Strategically Located Production Facilities with In-house Development Capabilities
3. Strong R&D Capability- developed and launched 46 new products since 2014

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; and
6. Bimal Mukesh Shah.
The Promoters hold, in the aggregate, 30,659,976 Equity
Shares, representing 100% of the issued and paid-up equity share capital of the company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects 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 listing will also provide a public market for Equity Shares in India. 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.

Issue Detail:

  »»  Issue Open: Jun 20, 2018 - Jun 22, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 7,664,994 Equity Shares of Rs 5 aggregating up to Rs 600.20 Cr
  »»  Face Value: Rs 5 Per Equity Share
  »»  Issue Price: Rs 780 - Rs 783 Per Equity Share
  »»  Market Lot: 19 Shares
  »»  Minimum Order Quantity: 19 Shares
  »»  Listing At: BSE, NSE

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Fine Organic IPO Prospectus

Fine Organic IPO Rating

520
4.0
Rating:Rated 4.0 stars

Vote Here ...

Fine Organic IPO Listing Date

  •   ›  Listing Date: Monday, July 2, 2018
  •   ›  BSE Script Code: 541557
  •   ›  NSE Symbol: FINEORG
  •   ›  Listing In:
  •   ›  ISIN: INE686Y01026
  •   ›  Issue Price: Rs 783 Per Equity Share
  •   ›  Face Value: Rs 5 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 783.00
Rs 815.00
Rs 787.00
Rs 834.00
Rs 822.80
882,982
NSE
Rs 783.00
Rs 815.00
Rs 786.65
Rs 833.70
Rs 822.80
5,816,448

Fine Organic IPO News Alerts

  1. Monday, July 2, 2018 12:00:00 AM
    Fine Organic IPO Listing Date & Info
  2. Monday, July 2, 2018 12:00:00 AM
    Fine Organic IPO Allotment Status
  3. Friday, June 22, 2018 12:00:00 AM
    Fine Organic IPO Closes on Jun 22, 2018
  4. Wednesday, June 20, 2018 12:00:00 AM
    Fine Organic IPO Opens on Jun 20, 2018

Company Contact Information

Fine Organic Industries Limited
Fine House,
Anandji Lane
Ghatkopar (East), Mumbai 400 077
Phone: (91 22) 2102 5000
Fax: (91 22) 2102 8899
Email: investors@fineorganics.com
Website: http://www.fineorganics.com

Fine Organic IPO Registrar

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   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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Fine Organic IPO Review / Comments

avatar
216. Adityasingh  Jul 19, 2018 14:43 I Like It. | Report Abuse Reply
Should I stay or leave this ? As of now its in negative from last two days .!
avatar
216.1. Satoshi Nakamoto  Jul 19, 2018 22:32 I Like It. 1 | Report Abuse
Better to exit
avatar
215. Uchit Patel  Jun 21, 2018 08:23 I Like It. 7 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
Fine Organic IPO:

I am avoiding this IPO. It is fully priced IPO. Market condition is not favourable. World markets are in fear of trade war. I am not taking risk in this situation in this company. Also this is OFS. Company is not making any money out of this IPO. Money goes to Promoters not in company expansion. When market conditions are not favourable investors see all things. Only OFS is making negative impact. I will wait for listing and results of next 2-3 quarters before make any decision. Though company has cash and market leader in some segments.
avatar
215.2. ASHOK MEHTA  Jun 21, 2018 16:04 I Like It. 1 | Report Abuse
It may be for 2L application.
avatar
215.3. ammubutter  Jul 16, 2018 11:59 I Like It. 1 | Report Abuse
U r next so tulsian..... If u say avoid.... We must subscribe for it
avatar
214. Satoshi Nakamoto  Jun 27, 2018 14:46 I Like It. 3 | Report Abuse Reply
Galaxy Surfactants up 2% in a falling market. Good signs for Fine Organics
avatar
214.1. Satoshi Nakamoto  Jun 27, 2018 20:03 I Like It. 4 | Report Abuse
Its prudent to exit this counter at modest gains of 5%.

There are lots of headwinds in the coming quarters for the economy.

Oil prices will be supported by modest rise in output as agreed by OPEC+ and incoming hurricane season in US. It should soon surpass 90$

Rising interest rates globally.

Falling Rupee.

Rising fiscal deficit.

Rising NPAs.

Failure in meeting disinvestment targets. Thanks to Air India.

Political uncertainty.

Ongoing correction in midcaps and smallcaps is just tip of the iceberg. As we head into the assembly elections in Rajasthan, MP, Chattisgarh this correction will turn into a stampede.
avatar
214.2. Satoshi Nakamoto  Jul 8, 2018 13:29 I Like It. 1 | Report Abuse
Exited Fine on listing day at 825 and RITES at 215. Still holding Varroc which I plan to offload in a staggered manner.
avatar
213. Aniketiaf  Jun 22, 2018 14:53 I Like It. 10 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3700+ Likes)
Finally applied through two of my account.
avatar
213.2. Aniketiaf  Jul 3, 2018 22:25 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3700+ Likes)
Sold @ 854
But
Buy back @ 823.
Can hold for 1-2 week.
avatar
213.3. Aniketiaf  Jul 6, 2018 15:13 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3700+ Likes)
Finally sold all @ 830.
avatar
212. TOPS  Jul 5, 2018 21:01 I Like It. | Report Abuse Reply
DON'T SELL HOLD TIGHT IT WILL GET VALUATION OF FMCG ( HUL,NESTLE,COLPAL)
Today also accumulation happened
Getting accumulated by HNI look at todays weighted average price 828
Closed@820/= means got accumulated at higher than closing rate went as high as 848/=
Sure to cross 900/= shortly
Hold, it is wealth creator set to cross four digit on Q1 result

avatar
211. sonal patel  Jul 2, 2018 07:54 I Like It. 8 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 1100+ Likes)
listing range of fine organic 825 - 837....
if market condition is favourable it may be 850-855.......
hold for long term ...6 month target 900 - 920......
all the best to all ..........
avatar
211.1. DIKSHANK JAIN  Jul 2, 2018 09:30 I Like It. | Report Abuse
Are you sure ?
avatar
211.2. sonal patel  Jul 5, 2018 12:17 I Like It. 5 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1100+ Likes)
YA Both Target Achieve in just 2 days
avatar
210. sonal patel  Jul 2, 2018 13:40 I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 1100+ Likes)
sold @825
avatar
210.1. Sachin k.  Jul 2, 2018 14:55 I Like It. | Report Abuse
Sir, indostar capital ma kevu che?
I have 2 lot. Hold or sell?
avatar
210.2. sonal patel  Jul 5, 2018 12:16 I Like It. 5 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1100+ Likes)
HOLD 1 MONTH
avatar
209. TOPS  Jul 3, 2018 18:58 I Like It. | Report Abuse Reply
Goldman sach accumulating at current rate INVESTOR DON'T SELL. IT HAS POTENTIAL TO CROSS FOUR DIGIT

HOLD TIGHT DON'T SELL THIS GEM FOR 50/100
Look at their business & future

Those who have sold can buy & keep in portfolio
IT IS A VALUE CREATOR
SET TO CROSS FOUR DIGIT SOONER THAN EXPECTED HUGE HNI INTEREST SEEN IN THE SCRIP

avatar
208. IPOANALYSIS  Jul 3, 2018 12:05 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Goldman sach bough 2.5 lakh shares
huge buyers in both nse and bse. one should hold. 875+ coming soon
avatar
207. Hanu chaudhary  Jul 3, 2018 11:50 I Like It. | Report Abuse Reply
i shod 854
avatar
206. Hemal Rathod  Jul 3, 2018 10:32 I Like It. | Report Abuse Reply
Currently at 844
avatar
205. IPOANALYSIS  Jul 2, 2018 15:10 I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
weak retailers have moved out.

strong hands now . let see . hoe to see some action soon
avatar
204. ronak tilva  Jul 2, 2018 15:05 I Like It. | Report Abuse Reply
78 crore bulk deal @815
avatar
203. Chem cho  Jul 2, 2018 10:09 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1700+ Posts, 1400+ Likes)
SOLD AT 821
avatar
203.1. IPOANALYSIS  Jul 2, 2018 13:36 I Like It. 6 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
I think it shuld start rising from here. u sold too earlier
avatar
202. IPOANALYSIS  Jul 2, 2018 09:52 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Huge buying
avatar
201. shambhu jain  Jul 2, 2018 09:45 I Like It. | Report Abuse Reply
fine nse at 815
avatar
199. sonal patel  Jul 2, 2018 09:34 I Like It. 8 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 1100+ Likes)
FINALY IN GREEN ITS 820.........
avatar
198. AnkurGoel  Jul 2, 2018 09:33 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
NSE pre opening page is not showing rites and fine organic.
avatar
197. Kiran Gohel  Jul 2, 2018 09:11 I Like It. | Report Abuse Reply
on BSE Indicative-Price      700 (-10.6%)
avatar
197.2. Johny  Jul 2, 2018 09:31 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
See no it is 820!!!
avatar
197.3. Kiran Gohel  Jul 2, 2018 09:32 I Like It. | Report Abuse
Why it is not showing on NSE pre opening?
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