Fine Organic Industries IPO
Fine Organic Industries IPO — date, price band, lot size & details 2018
Fine Organic Industries listed on 2 Jul 2018 at ₹815, 4.1% above the ₹783 issue price.
Fine Organic Industries is the largest maker of oleochemical based additives in India, used in food, plastics, cosmetics and other industries. Its total income was Rs 818.16 crore in FY2017.
Stock price
Fine Organic Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 20 Jun 2018
- Close 22 Jun 2018
- Allotment 27 Jun 2018
- Refund/credit 28 Jun 2018
- Listing 02 Jul 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 Jun, 2018 |
|---|---|
| Price Band | ₹780 – ₹783 |
| Face Value | ₹5 |
| Lot Size | 19 Shares |
| Issue Size | ₹600.17 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,877 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 19 shares at the ₹783 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 19 | ₹14,877 |
| Retail (max) | 13 | 247 | ₹1,93,401 |
| S-HNI (min) | 14 | 266 | ₹2,08,278 |
| S-HNI (max) | 67 | 1,273 | ₹9,96,759 |
| B-HNI (min) | 68 | 1,292 | ₹10,11,636 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was the largest maker of oleochemical based additives in India, per CRISIL; EBITDA was Rs 149.85 crore in FY2017.
- 02Total income rose from Rs 639.63 crore in FY2015 to Rs 818.16 crore in FY2017.
- 03Profit after tax rose from Rs 55.32 crore in FY2015 to Rs 80.46 crore in FY2017.
- 04It had no borrowing shown, with net worth of Rs 361.92 crore on 31 December 2017.
Risks · 5
- 01EBITDA fell from Rs 155.46 crore in FY2016 to Rs 149.85 crore in FY2017.
- 02Vegetable oil raw material prices can swing and hit margins; total assets were Rs 484.17 crore.
- 03It competes with global additive makers; profit was Rs 65.25 crore in nine months to December 2017.
- 04The whole Rs 600.17 crore issue was an offer for sale by the promoters, so none of it went to the company.
- 05Promoters held 100% before the issue and 75.00% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Fine Organic Industries offer document.
| Metric | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 484.17 | 455.56 | 419.87 | 374.64 |
| Total Income | 599.32 | 818.16 | 694.99 | 639.63 |
| Profit After Tax | 65.25 | 80.46 | 77.46 | 55.32 |
| EBITDA | 113.04 | 149.85 | 155.46 | 112.95 |
| NET Worth | 361.92 | 324.07 | 243.70 | 210.31 |
| Reserves and Surplus | 358.14 | 330.79 | 250.42 | 205.48 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Fine Organic Industries IPO will be updated shortly.
Fine Organic Industries IPO Anchor Investors
22 anchor investors across 13 fund houses committed ₹180.03 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
According to CRISIL Research, it is the largest maker of oleochemical based additives in India and a strong player globally.
It makes a wide range of speciality, plant derived oleochemical additives used in many industries.
The IPO was Rs 600.17 crore and was entirely an offer for sale by the promoters at Rs 783, the top of the Rs 780 to Rs 783 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Fine Organic Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Fine Organic Industries?
The current Grey Market Premium is ₹37.5, or 5% over the issue price.
What is the Fine Organic Industries IPO price band?
₹780 to ₹783, on a face value of ₹5.
When is the allotment?
The basis of allotment is 27 June 2018, with listing on 2 July 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
