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Manorama Industries Limited IPO (Manorama Industries IPO) Detail

Sep 21, 2018 - Sep 25, 2018

Incorporated in 2005, Mumbai based Manorama Industries Limited is a company engaged in the business of manufacturing, processing and supply of exotic and 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. It is also one of the top 10 manufacturers of Stearine.

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 company has also entered into an agreement with The Body Shop International Ltd. (U.K.) for 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

Investor Presentation

Company Promoters:

The Promoter of the Company is Vinita Saraf. She holds 27,73,680 aggregating to 35.91 % Pre Issue paid up equity capital.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,676.47 2,260.94 2,022.82 1,659.75 2,120.32
Total Revenue 22,189.33 14,638.20 13,169.45 13,343.50 10,532.50
Profit After Tax 1,035.56 137.52 108.21 94.16 89.62

Objects of the Issue:

The objects of the issue are-

1. Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products
2. General corporate purposes.

Manorama Industries IPO Details
Issue OpenSep 21, 2018 - Sep 25, 2018
Issue TypeBook Built Issue IPO
Issue Size3,404,400 Eq Shares of Rs 10
(aggregating up to Rs 64.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 181 - Rs 188 Per Equity Share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE SME

Manorama Industries IPO Subscription Status (Live)

Manorama Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

532,200

1,350,600

1,350,600

3,233,400

Sep 25, 2018 18:50

1.56x

1.59x

0.37x

1.08x

Manorama Industries IPO Prospectus

Manorama Industries IPO Rating

77
3.1
Rating:Rated 3.1 stars

Vote Here ...

Manorama Industries IPO Listing Date

  •   ›  Listing Date: Thursday, October 4, 2018
  •   ›  BSE Script Code: 541974
  •   ›  NSE Symbol:
  •   ›  Listing In:
  •   ›  ISIN: INE00VM01010
  •   ›  Issue Price: Rs 188 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 188.00
Rs 190.20
Rs 180.00
Rs 187.25
Rs 183.65
92,400

Manorama Industries IPO Reviews / Ratings

Company Contact Information

Manorama Industries Limited
Office No 403, 4th Floor,
Midas, Sahar Plaza, Andheri Kurla Road,
Andheri East, Mumbai- 400059
Phone: 022-67088148
Fax:
Email: investors@manoramagroup.co.in
Website: http://www.manoramagroup.co.in

Manorama Industries IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: manorama.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Manorama Industries IPO Review / Comments

avatar
27. RAJAKUMAR  Oct 4, 2018 09:47 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Patamoth lists with Rs.2 gain. LM again does better than other Lead managers.
avatar
27.1. v for vendetta  Oct 4, 2018 14:55 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sir, if LM really plays a role, why do their some of the stocks fail.
Akshar Spintex etc.
Do you do that deliberately to avoid any suspicion by authorities.
And recently listed one SME from holani, I forgot its name.
avatar
26. sahil broker  Oct 4, 2018 09:53 I Like It. | Report Abuse Reply
hold ya sell pls give review
avatar
25. sahil broker  Oct 4, 2018 09:53 I Like It. | Report Abuse Reply
@rajkumar ji apply kiya tha ky aapn
avatar
24. SME BADSHAH  Oct 2, 2018 18:02 I Like It. 4 | Report Abuse Reply
Listing on 04.10.2018.Let's see the performance of stock.Whether Investors get any return?
avatar
23. C K Jain  Sep 25, 2018 14:08 I Like It. 2 | Report Abuse Reply
As per Market sentiment IPO is good. Let's see by the end of the day how much subscription is done...
avatar
23.1. C K Jain  Sep 25, 2018 16:03 I Like It. 1 | Report Abuse
IPO Over subscribed. Its means that Investor trusted on this Company.
avatar
22. sahil broker  Sep 25, 2018 14:50 I Like It. | Report Abuse Reply
@cg trade ap to comapny promoter ho
avatar
20. sahil broker  Sep 25, 2018 14:42 I Like It. 1 | Report Abuse Reply
@rajkumar ji bata do yar tym 3 tak hi h hmare pas
avatar
19. sahil broker  Sep 25, 2018 13:46 I Like It. | Report Abuse Reply
rajkumar ji pls give ur review
avatar
18. Singh Waheguru  Sep 25, 2018 12:59 I Like It. | Report Abuse Reply
RAJKUMAR, MEDGE, DOWNRITE view about this IPO as subscription not so good till now..
waiting for your views
avatar
17. IPOMantra  Sep 24, 2018 21:56 I Like It. | Report Abuse Reply
My dear friend whistleblower can you forward your removed message on my email maneeshraut72@yahoo.com
avatar
16. Singh Waheguru  Sep 24, 2018 17:00 I Like It. 2 | Report Abuse Reply
Is it worthy to subscribe a lot...
avatar
15. AnkurGoel  Sep 24, 2018 13:34 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
I am not sure what was the message posted by WhistleBlower? But if it is true that company threaten chittorgarh then it is definitely avoid.
avatar
15.1. Splendid  Sep 24, 2018 14:44 I Like It. 1 | Report Abuse
@Ankurgoel

Its all about Pantomath...Forget all bed news and rumours
avatar
14. IPOMantra  Sep 23, 2018 19:43 I Like It. 3 | Report Abuse Reply
Why whistleblower message removed, please explain Admin chittorgarh.
avatar
14.1. Administrator  Sep 24, 2018 09:52 I Like It. | Report Abuse
Dear Sir,

We have to remove the message as company has sent us a legal notice and said they have filed a FIR regarding this.

Team Chittorgarh.com

Thank you,

Chittorgarh.com Admins

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avatar
13. GrowYourMoney  Sep 23, 2018 21:38 I Like It. 1 | Report Abuse Reply
This IPO created huge trust deficit...
Very unfortunate incident....
avatar
12. GrowYourMoney  Sep 23, 2018 21:18 I Like It. 2 | Report Abuse Reply
Something is there which clearly signaling to avoid the IPO...
Best way to dealt with..
avatar
11. Grow up  Sep 23, 2018 17:41 I Like It. 4 | Report Abuse Reply
This message has been removed by a moderator.
avatar
10. Girishbhai  Sep 20, 2018 18:02 I Like It. | Report Abuse Reply
I just started in this. What does it mean by long term?
2 to 3 years or more?
avatar
9. 📞📞📞 IPO CALLING 📞📞📞  Sep 20, 2018 16:32 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Big big avoid
avatar
8. VIE  Sep 16, 2018 01:47 I Like It. 7 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
PARTICULAR=====POST=====PRE
EPS=============9.31=====13.72
NAV=============79.73=====32.75
RONW===========11.67=====41.89
DE===============0.25=====0.89
EBIDTA MARGIN====8.34======8.34
PAT MARGIN=======4.67======4.67
PE==============20.19======13.7
P/BV=============2.36=======5.74
MC/SALES========0.94=======0.64
EV/EBITA=========13.52======9.89
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