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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

IPO DateSep 21, 2018 - Sep 25, 2018
Issue TypeBook Built Issue IPO
Issue Size3,404,400 Eq Shares of ₹10
(aggregating up to ₹64.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹181 to ₹188 Per Equity Share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE SME

Manorama Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹112,800
Maximum1600₹112,800

Manorama Industries IPO Subscription Status (Bidding Detail)

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 DateThursday, October 4, 2018
BSE Script Code541974
NSE Symbol
Listing In
ISININE00VM01010
IPO Price₹188 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹188.00
₹190.20
₹180.00
₹187.25
₹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
Email: investors@manoramagroup.co.in
Website: http://www.manoramagroup.co.in

Manorama Industries IPO Registrar

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

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

Manorama Industries IPO FAQs

  1. 1. What is Manorama Industries IPO?

    Manorama Industries IPO is a SME IPO of 3,404,400 equity shares of the face value of ₹10 aggregating up to ₹64.00 Crores.

    The issue price of the IPO is ₹181 to ₹188 Per Equity Share. The minimum order quantity is 600 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Sep 21, 2018 and closes on Sep 25, 2018.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Manorama Industries IPO will open?

    The Manorama Industries IPO opens on Sep 21, 2018 and closes on Sep 25, 2018.

  3. 3. How to apply for Manorama Industries IPO?

    Manorama Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Manorama Industries IPO allotment?

    The finalization of Basis of Allotment for Manorama Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manorama Industries IPO allotment status.

  5. 5. When is Manorama Industries IPO listing date?

    The Manorama Industries IPO listing date is on Thursday, October 4, 2018, at BSE SME.
  6. 6. What is the lot size of Manorama Industries IPO?

    Manorama Industries IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.

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Manorama Industries IPO Review / Comments

RAJAKUMAR
27. RAJAKUMAR  Oct 4, 2018 09:47
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Patamoth lists with Rs.2 gain. LM again does better than other Lead managers.
v for vendetta
27.1. v for vendetta  Oct 4, 2018 14:55
Top Contributor Top Contributor (300+ Posts, 300+ 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.
sahil broker
26. sahil broker  Oct 4, 2018 09:53
hold ya sell pls give review
sahil broker
25. sahil broker  Oct 4, 2018 09:53
@rajkumar ji apply kiya tha ky aapn
SME BADSHAH
24. SME BADSHAH  Oct 2, 2018 18:02
Listing on 04.10.2018.Let's see the performance of stock.Whether Investors get any return?
C K Jain
23. C K Jain  Sep 25, 2018 14:08
As per Market sentiment IPO is good. Let's see by the end of the day how much subscription is done...
C K Jain
23.1. C K Jain  Sep 25, 2018 16:03
IPO Over subscribed. Its means that Investor trusted on this Company.
sahil broker
22. sahil broker  Sep 25, 2018 14:50
@cg trade ap to comapny promoter ho
sahil broker
20. sahil broker  Sep 25, 2018 14:42
@rajkumar ji bata do yar tym 3 tak hi h hmare pas
sahil broker
19. sahil broker  Sep 25, 2018 13:46
rajkumar ji pls give ur review
Singh Waheguru
18. Singh Waheguru  Sep 25, 2018 12:59
RAJKUMAR, MEDGE, DOWNRITE view about this IPO as subscription not so good till now..
waiting for your views
IPOMantra
17. IPOMantra  Sep 24, 2018 21:56
My dear friend whistleblower can you forward your removed message on my email maneeshraut72@yahoo.com
Singh Waheguru
16. Singh Waheguru  Sep 24, 2018 17:00
Is it worthy to subscribe a lot...
AnkurGoel
15. AnkurGoel  Sep 24, 2018 13:34
IPO Guru IPO Guru (1000+ Posts, 1100+ 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.
Splendid
15.1. Splendid  Sep 24, 2018 14:44
Top Contributor Top Contributor (200+ Posts)
@Ankurgoel

Its all about Pantomath...Forget all bed news and rumours
IPOMantra
14. IPOMantra  Sep 23, 2018 19:43
Why whistleblower message removed, please explain Admin chittorgarh.
Administrator
14.1. Administrator  Sep 24, 2018 09:52
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
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

GrowYourMoney
13. GrowYourMoney  Sep 23, 2018 21:38
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
This IPO created huge trust deficit...
Very unfortunate incident....
GrowYourMoney
12. GrowYourMoney  Sep 23, 2018 21:18
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Something is there which clearly signaling to avoid the IPO...
Best way to dealt with..
Grow up
11. Grow up  Sep 23, 2018 17:41
This message has been removed by a moderator.
Girishbhai
10. Girishbhai  Sep 20, 2018 18:02
I just started in this. What does it mean by long term?
2 to 3 years or more?
📞📞📞 IPO CALLING 📞📞📞
9. 📞📞📞 IPO CALLING 📞📞📞  Sep 20, 2018 16:32
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Big big avoid
VIE
8. VIE  Sep 16, 2018 01:47
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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