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.

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

Manorama Industries IPO Date Sep 21, 2018 to Sep 25, 2018
Manorama Industries IPO Face Value ₹10 per share
Manorama Industries IPO Price ₹181 to ₹188 per share
Manorama Industries IPO Lot Size 600 Shares
Issue Size3,404,400 shares of ₹10
(aggregating up to ₹64.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
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.

Manorama Industries IPO Lot Size

The Manorama Industries IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹112,800).

Application Lots Shares Amount
Retail (Min) 1 600 ₹112,800
Retail (Max) 1 600 ₹112,800

Manorama Industries IPO Review

As the issue is fully priced, considering its expansion plans and virtual monopoly status, investors may consider investment for long term.

Read detail review...

Manorama Industries IPO Subscription Status (Bidding Detail)

The Manorama Industries IPO is subscribed 1.08 times on Sep 25, 2018 6:50:02 PM. The public issue subscribed 0.37 times in the retail category, 1.56 times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Manorama Industries IPO Prospectus

Manorama Industries IPO Rating

Rating:Rated 3.1 stars
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Manorama Industries IPO Listing Date

Listing Date Thursday, October 4, 2018
BSE Script Code 541974
NSE Symbol
Listing In
IPO Price ₹188 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Manorama Industries Limited
Office No 403, 4th Floor,
Midas, Sahar Plaza, Andheri Kurla Road,
Andheri East, Mumbai- 400059
Phone: 022-67088148

Manorama Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Manorama Industries IPO Review

Manorama Industries IPO Recommendation Summary

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Manorama Industries IPO FAQs

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 is priced at ₹181 to ₹188 per share. The minimum order quantity is 600 Shares.

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 lot size is 600 Shares and the minimum order quantity is .

You can apply in Manorama Industries 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 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.

The Manorama Industries IPO listing date is on Thursday, October 4, 2018.
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Manorama Industries IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



27. RAJAKUMAR |   Link |Oct 4, 2018 9:47:43 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Patamoth lists with Rs.2 gain. LM again does better than other Lead managers.
27.1. v for vendetta |   Link |Oct 4, 2018 2:55:22 PM
Top Contributor Top Contributor (400+ Posts, 400+ 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.
26. sahil broker |   Link |Oct 4, 2018 9:53:25 AM
hold ya sell pls give review
25. sahil broker |   Link |Oct 4, 2018 9:53:03 AM
@rajkumar ji apply kiya tha ky aapn
24. SME BADSHAH |   Link |Oct 2, 2018 6:02:35 PM
Listing on 04.10.2018.Let's see the performance of stock.Whether Investors get any return?
23. C K Jain |   Link |Sep 25, 2018 2:08:02 PM
As per Market sentiment IPO is good. Let's see by the end of the day how much subscription is done...
23.1. C K Jain |   Link |Sep 25, 2018 4:03:54 PM
IPO Over subscribed. Its means that Investor trusted on this Company.
22. sahil broker |   Link |Sep 25, 2018 2:50:25 PM
@cg trade ap to comapny promoter ho
21. CGTRADE |   Link |Sep 25, 2018 2:47:17 PM
20. sahil broker |   Link |Sep 25, 2018 2:42:29 PM
@rajkumar ji bata do yar tym 3 tak hi h hmare pas
19. sahil broker |   Link |Sep 25, 2018 1:46:53 PM
rajkumar ji pls give ur review
18. Singh Waheguru |   Link |Sep 25, 2018 12:59:40 PM
RAJKUMAR, MEDGE, DOWNRITE view about this IPO as subscription not so good till now..
waiting for your views
17. IPOMantra |   Link |Sep 24, 2018 9:56:04 PM
My dear friend whistleblower can you forward your removed message on my email
16. Singh Waheguru |   Link |Sep 24, 2018 5:00:23 PM
Is it worthy to subscribe a lot...
15. AnkurGoel |   Link |Sep 24, 2018 1:34:02 PM
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.
15.1. Splendid |   Link |Sep 24, 2018 2:44:17 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)

Its all about Pantomath...Forget all bed news and rumours
14. IPOMantra |   Link |Sep 23, 2018 7:43:01 PM
Why whistleblower message removed, please explain Admin chittorgarh.
14.1. Administrator |   Link |Sep 24, 2018 9:52:48 AM
IPO Mentor IPO Mentor (600+ Posts, 1100+ 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.


Thank you,
@Admin, Team

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

13. GrowYourMoney |   Link |Sep 23, 2018 9:38:10 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
This IPO created huge trust deficit...
Very unfortunate incident....
12. GrowYourMoney |   Link |Sep 23, 2018 9:18:56 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Something is there which clearly signaling to avoid the IPO...
Best way to dealt with..
11. Grow up |   Link |Sep 23, 2018 5:41:38 PM
This message has been removed by a moderator.
10. Girishbhai |   Link |Sep 20, 2018 6:02:42 PM
I just started in this. What does it mean by long term?
2 to 3 years or more?
9. ???????????? IPO CALLING ???????????? |   Link |Sep 20, 2018 4:32:58 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Big big avoid
8. VIE |   Link |Sep 16, 2018 1:47:32 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
EBIDTA MARGIN====8.34======8.34
PAT MARGIN=======4.67======4.67