Category Archives: Fine Organics GMP

Fine Organics IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

Mumbai based Fine Organic Industries Limited, company engaged in manufacturing of oleochemical-based additives is going to come out with its initial public offering (IPO) from 20 to 22 June 2018.

Fine Organics IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

I am sure investors would be searching for all details about Fine Organics IPO which will help them to decide whether to invest or not in this IPO.

Fine Organics Company Profile :

Incorporated in 2002, Mumbai based Fine Organic Industries Limited is a company engaged in manufacturing of oleochemical-based additives. In fact 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.

Fine Organics Promoters:

The Promoters of the Company are:

1. Prakash Damodar Kamat;
2. Mukesh Maganlal Shah;
3. Jyotsna Ramesh Shah;
4. Jayen Ramesh Shah;
5. Tushar Ramesh Shah; and
6. Bimal Mukesh Shah.

The Promoters hold, in the aggregate, 30,659,976 Equity Shares, representing 100% of the issued and paid-up equity share capital of the company.

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Fine Organics Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 4,835.99 4,576.40 4,228.49 3,776.57 3,411.16 2,553.78
Total Revenue 5,928.23 7,892.24 6,661.22 6,180.49 5,746.49 4,975.10
Profit After Tax 625.89 794.76 769.64 590.91 626.12 208.97

Fine Organics IPO IPO Detail :

Issue Open: Jun 20, 2018 – Jun 22, 2018
Issue Type: Book Built Issue IPO
Issue Size: 7,664,994 Equity Shares of Rs 5 aggregating up to Rs 600.17 Cr
Face Value: Rs 5 Per Equity Share
Issue Price: Rs 780 – Rs 783 Per Equity Share
Market Lot: 19 Shares
Minimum Order Quantity: 19 Shares
Listing At: BSE, NSE

Important Dates of Fine Organics IPO :

Bid/Offer Opens On: June 20, 2018
Bid/Offer Closes On: June 22, 2018
Finalisation of Basis of Allotment: On or about June 28, 2018
Initiation of refunds: On or about June 29, 2018
Credit of Equity Shares to demat accounts: On or about June 29, 2018
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about July 2, 2018

IPO Issue Allocation :

    • Qualified institutional buyers (QIBs) – 50% of the offer.
    • Non-institutional bidders – 15% of the offer.
    • Retail individual bidders – 35% of the offer.

Fine Organics IPO Subscription Details :

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3

Download Red Herring Prospectus of Fine Organics IPO :

To Download Draft Prospectus of Fine Organics IPO Click Here

Grey Market Premium (GMP) of Fine Organics :

Currently the Grey Market Premium of Fine Organics is around 35 – 40 Rs. per share.

Company Contact Information :

Fine Organic Industries Limited
Fine House,
Anandji Lane
Ghatkopar (East), Mumbai 400 077
Phone: (91 22) 2102 5000
Fax: (91 22) 2102 8899

Fine Organics IPO Registrar :

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 

Fine Organics IPO Lead Manager(s) :

1. Edelweiss Capital Limited
2. JM Financial Consultants Private Limited

Fine Organics IPO Allotment Status :

You would be able to check the allotment status i.e., whether you have got the shares of Fine Organics or not by vising the website of Registrar of the Issue which in this case is Karvy.

Check Fine Organics IPO Allotment Status @ Check Fine Organics IPO Allotment Online