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
The Promoter of the Company is Vinita Saraf. She holds 27,73,680 aggregating to 35.91 % Pre Issue paid up equity capital.
| 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 | |
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.
| IPO Date | Sep 21, 2018 - Sep 25, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,404,400 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 Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹112,800 |
| Maximum | 1 | 600 | ₹112,800 |
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 |
| Listing Date | Thursday, October 4, 2018 |
| BSE Script Code | 541974 |
| NSE Symbol | |
| Listing In | |
| ISIN | INE00VM01010 |
| IPO Price | ₹188 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 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.
The Manorama Industries IPO opens on Sep 21, 2018 and closes on Sep 25, 2018.
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.
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.
Manorama Industries IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.
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