Meghmani Organics IPO
Meghmani Organics IPO — date, price band, lot size & details 2007
Meghmani Organics listed on 28 Jun 2007 at ₹33.25, 75% above the ₹19 issue price.
Meghmani Organics makes green and blue pigments and agrochemicals at plants in Gujarat. Its net profit after tax was Rs 383.38 million in FY2006.
Stock price
Meghmani Organics 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 12 November.
- Open 04 Jun 2007
- Close 07 Jun 2007
- Allotment 19 Jun 2007
- Refund/credit TBA
- Listing 28 Jun 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 7 Jun, 2007 |
|---|---|
| Price Band | ₹17 – ₹19 |
| Face Value | ₹1 |
| Lot Size | 350 Shares |
| Issue Size | ₹102 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,650 |
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 350 shares at the ₹19 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 350 | ₹6,650 |
| Retail (max) | 30 | 10,500 | ₹1,99,500 |
| S-HNI (min) | 31 | 10,850 | ₹2,06,150 |
| S-HNI (max) | 150 | 52,500 | ₹9,97,500 |
| B-HNI (min) | 151 | 52,850 | ₹10,04,150 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Net profit after tax rose from Rs 296.99 million in FY2004 to Rs 383.38 million in FY2006.
- 02Net profit after tax was Rs 320.77 million in nine months to December 2006.
- 03Net worth rose from Rs 1488.38 million in FY2004 to Rs 2822.47 million in December 2006.
- 04Its Panoli plant had 10,200 tpa of CPC Blue capacity.
Risks · 5
- 01Pigment and agrochemical plants face strict pollution rules at its 2 main sites.
- 02Agrochemical sales depend on the monsoon; profit rose only to Rs 307.88 million in FY2005.
- 03Net sales of its own products were Rs 3808.92 million in FY2006, and pigment prices are competitive worldwide.
- 04Return on net worth was 15%.
- 05Promoter and promoter group holding fell from 61.83% before the issue to 48.78% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Meghmani Organics offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 369.00 | 415.97 | 351.59 | 252.02 |
| Profit After Tax | 32.08 | 38.34 | 30.79 | 29.70 |
| NET Worth | 282.25 | 250.03 | 219.85 | 148.84 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Meghmani Organics RHP.
Where the money goes
₹102.00 Cr of the issue is earmarked to named objects.
About the company
In pigments it specialises in green and blue pigments used in printing inks, plastics, rubber, paints, textiles, leather and paper. It also makes agrochemicals such as Acephate.
Its Vatva facility makes 1200 tpa of Pigment Green 7, up from 240 tpa in 1986, and its Panoli facility has capacity of 10,200 tpa of CPC Blue, 600 tpa of Alpha Blue and 3,600 tpa of Beta Blue.
The IPO was Rs 102 crore and was entirely a fresh issue at Rs 19, the top of the Rs 17 to Rs 19 band, with a face value of Rs 1.
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.
Meghmani Organics 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.
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 Meghmani Organics?
The current Grey Market Premium is ₹0.
What is the Meghmani Organics IPO price band?
₹17 to ₹19, on a face value of ₹1.
When is the allotment?
The basis of allotment is 19 June 2007, with listing on 28 June 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private 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.
