Fine Organic Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,832,496 (50%) | — | ₹30,008 Cr |
| NII (HNI) | — | 1,149,750 (15%) | — | ₹9,003 Cr |
| Retail | — | 2,682,748 (35%) | — | ₹21,006 Cr |
| Σ Total | — | 7,664,994 (100%) | — | ₹600,169 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,877 |
| Retail (Max) | 13 | 247 | ₹193,401 |
| S-HNI (Min) | 14 | 266 | ₹208,278 |
| B-HNI (Min) | 67 | 1,273 | ₹996,759 |
Financial Statements Amount in Crore
| Metric | 31-Dec-17 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue | 593 | 789 | 666 |
| Profit After Tax | 63 | 79 | 77 |
| Total Assets | 484 | 458 | 423 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
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.
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