Manorama Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 532,200 (16%) | — | ₹1,001 Cr |
| NII (HNI) | — | 1,350,600 (40%) | — | ₹2,539 Cr |
| Retail | — | 1,350,600 (40%) | — | ₹2,539 Cr |
| Market Maker | — | 171,000 (5%) | — | ₹32 Cr |
| Σ Total | — | 3,404,400 (100%) | — | ₹64,003 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 | 600 | ₹112,800 |
| Retail (Max) | 13 | 7,800 | ₹1,466,400 |
| S-HNI (Min) | 14 | 8,400 | ₹1,579,200 |
| B-HNI (Min) | 67 | 40,200 | ₹7,557,600 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue | 22,189 | 14,638 | 13,169 |
| Profit After Tax | 1,036 | 138 | 108 |
| Total Assets | 4,676 | 2,261 | 2,023 |
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
- 1 Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products at Birkoni, near Raipur, Chhattisgarh. – 5.60
- 2 General corporate purposes – 0.20
Company Overview
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.