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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 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.

Fine Organic IPO Details

Fine Organic IPO Date Jun 20, 2018 to Jun 22, 2018
Fine Organic IPO Face Value ₹5 per share
Fine Organic IPO Price ₹780 to ₹783 per share
Fine Organic IPO Lot Size 19 Shares
Issue Size7,664,994 shares of ₹5
(aggregating up to ₹600.20 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

Fine Organic IPO Timeline (Tentative Timetable)

Fine Organic IPO opens on Jun 20, 2018, and closes on Jun 22, 2018. The Fine Organic IPO bid date is from Jun 20, 2018 10.00 A.M. to Jun 22, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Fine Organic IPO Opening Date Jun 20, 2018
Fine Organic IPO Closing Date Jun 22, 2018
Basis of Allotment Jun 27, 2018
Initiation of Refunds Jun 28, 2018
Credit of Shares to Demat Jun 28, 2018
Fine Organic IPO Listing Date Jul 2, 2018

Fine Organic IPO Lot Size

The Fine Organic IPO lot size is 19 shares. A retail-individual investor can apply for up to 13 lots (247 shares or ₹193,401).

Application Lots Shares Amount
Minimum 1 19 ₹14,877
Maximum 13 247 ₹193,401

Fine Organic IPO Review

Although on prima facie issue appears fully priced, considering its global play, good track record and the future prospects with virtual monopoly for many products, investors may consider investment for medium to long term. (Subscribe).

Read detail review...


Fine Organic IPO Subscription Status (Bidding Detail)

The Fine Organic IPO is subscribed 8.77 times on Jun 22, 2018 5:00:00 PM. The public issue subscribed 1.19 times in the retail category, 12.85 times in the QIB category, and 21.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB12.85
NII21.00
Retail1.19
Total8.77

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
IPO Price ₹783 per share
Face Value ₹5 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹783.00
₹815.00
₹787.00
₹834.00
₹822.80
NSE
₹783.00
₹815.00
₹786.65
₹833.70
₹822.80

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

Fine Organic IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Fine Organic IPO Review

Fine Organic IPO Recommendation Summary

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Members 0 0 0

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IPO Broker Recommendations

Fine Organic IPO FAQs

Fine Organic IPO is a main-board IPO of 7,664,994 equity shares of the face value of ₹5 aggregating up to ₹600.20 Crores. The issue is priced at ₹780 to ₹783 per share. The minimum order quantity is 19 Shares.

The IPO opens on Jun 20, 2018, and closes on Jun 22, 2018.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Fine Organic IPO opens on Jun 20, 2018 and closes on Jun 22, 2018.

Fine Organic IPO lot size is 19 Shares and the minimum order quantity is .

You can apply in Fine Organic IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Fine Organic IPO will be done on Jun 27, 2018, and the allotted shares will be credited to your demat account by Jun 28, 2018. Check the Fine Organic IPO allotment status.

The Fine Organic IPO listing date is on Monday, July 2, 2018.
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Fine Organic IPO Message Board

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365 Comments

216. Adityasingh |   Link |Jul 19, 2018 2:43:02 PM
Should I stay or leave this ? As of now its in negative from last two days .!
216.1. Satoshi Nakamoto |   Link |Jul 19, 2018 10:32:09 PM
Better to exit
215. TOPS |   Link |Jul 5, 2018 9:01:23 PM
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

214. sonal patel |   Link |Jul 2, 2018 7:54:17 AM
IPO Guru IPO Guru (1400+ Posts, 5400+ 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 ..........
214.3. droolrayro |   Link |Aug 25, 2018 6:02:17 PM
m holding it still.... @974 ..
214.4. MANU AGGARWAL |   Link |Aug 25, 2018 7:08:24 PM
OHOOO. SO NOW SONAL PATEL ALSO HAS MADE FAKE ACCOUNT ?(droolrayro)
TO PROVE HERSELF PROUD????????????
This is Cheapest Trick.....Sher aaya sher aaya.
Sher kabhi na kabhi to aayega hi...
I mean kabhi na kabhi to share ka rate upar aayega hi..
So this is not good idea to take CREDIT...CLEAR?????

CA MANU
213. sonal patel |   Link |Jul 2, 2018 1:40:10 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
sold @825
213.1. Sachin k. |   Link |Jul 2, 2018 2:55:08 PM
Sir, indostar capital ma kevu che?
I have 2 lot. Hold or sell?
213.2. sonal patel |   Link |Jul 5, 2018 12:16:09 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
HOLD 1 MONTH
212. TOPS |   Link |Jul 3, 2018 6:58:39 PM
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

211. IPOANALYSIS |   Link |Jul 3, 2018 12:05:16 PM
Goldman sach bough 2.5 lakh shares
huge buyers in both nse and bse. one should hold. 875+ coming soon
210. Hanu chaudhary |   Link |Jul 3, 2018 11:50:25 AM
i shod 854
209. Hemal Rathod |   Link |Jul 3, 2018 10:32:35 AM
Currently at 844
208. IPOANALYSIS |   Link |Jul 2, 2018 3:10:08 PM
weak retailers have moved out.

strong hands now . let see . hoe to see some action soon
207. ronak tilva |   Link |Jul 2, 2018 3:05:03 PM
78 crore bulk deal @815
206. Chem cho |   Link |Jul 2, 2018 10:09:25 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
SOLD AT 821
206.1. IPOANALYSIS |   Link |Jul 2, 2018 1:36:27 PM
I think it shuld start rising from here. u sold too earlier
205. IPOANALYSIS |   Link |Jul 2, 2018 9:52:43 AM
Huge buying
204. shambhu jain |   Link |Jul 2, 2018 9:45:27 AM
fine nse at 815
203. Sammy ipo |   Link |Jul 2, 2018 9:39:19 AM
https://www.bseindia.com/stock-share-price/fine-organic-industries-ltd/fineorg/541557/
202. sonal patel |   Link |Jul 2, 2018 9:34:04 AM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
FINALY IN GREEN ITS 820.........
201. AnkurGoel |   Link |Jul 2, 2018 9:33:00 AM
NSE pre opening page is not showing rites and fine organic.
200. Kiran Gohel |   Link |Jul 2, 2018 9:11:34 AM
on BSE Indicative-Price      700 (-10.6%)
200.2. Johny |   Link |Jul 2, 2018 9:31:01 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
See no it is 820!!!
200.3. Kiran Gohel |   Link |Jul 2, 2018 9:32:55 AM
Why it is not showing on NSE pre opening?
199. rahul RII |   Link |Jul 2, 2018 8:55:57 AM
list at 900 market conditions is gud
198. Carn Mohan |   Link |Jul 2, 2018 8:31:46 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
PNB may itna bada gotala ho Gaya Abhi bhi PNB, PNB kar rahay hi.
197. Sammy ipo |   Link |Jul 2, 2018 4:37:50 AM
Hoping for a positive listing today... 50+premium is expected