Fine Organic Industries Limited Profile
Fine Organics established in 1970 by Mumbai based businessman Mr. Ramesh Shah and Mr. Prakash Kamat. Both are well experienced in chemical trading and Technology. Fine Organics is the first company to present slip additives in India. It is the largest producer of slip additives in the world. The company has customers from multinational, regional and local players manufacturing consumer products. The plastics additives and specialty additives are also used in the packaging of foods and other fast moving consumer goods.
Fine Organic Industries product range of innovative additives has expanded their reach into several specialty applications in foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications. Their products are appreciated and accepted globally due to their consistent quality and competitiveness. Fine Organics be indebted to its development and success to its expertise on oleochemistry.
Fine Organic Industries Key Strengths:
- They have highly experienced technocrats in marketing, production and quality control.
- Strategically Located Production Facilities with In-house Development Capabilities.
- Fine Organics is one the largest Producer of Oleochemical-based Additives in India.
Fine Organic Industries Limited Promoters:
The Promoters of the Company are:
Prakash Damodar Kamat, Mukesh Maganlal Shah, Jayen Ramesh Shah, Jyotsna Ramesh Shah, Tushar Ramesh Shah and Bimal Mukesh Shah
Fine Organic Industries Limited IPO details:
Symbol: FINEORG
Issue Size: the Initial Public offer of 7,664,994 Equity Shares
Face Value: Rs 5
Price Range: Rs 780 to Rs 783
Issue Type: 100% Book Building
Bid Lot: 19 Equity Shares and in multiples thereof
Minimum Order Quantity: 19 Equity Shares
Issue Period: 20-Jun-2018 to 22-Jun-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Karvy Computershare Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Fine Organic Industries Limited Financials:
| Fine Organic Industries financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 497.5 | 574.2 | 616.5 | 667.7 | 792.7 | 594.7 |
| Total expenses | 466.6 | 479.6 | 530.9 | 550.8 | 671.8 | 500.2 |
| Profit after tax | 20.9 | 61.7 | 57.1 | 76.2 | 77.7 | 58.5 |
| Net margin (%) | 4.2 | 10.7 | 9.3 | 11.4 | 9.8 | 9.8 |
Fine Organic Industries Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 1532999 | 0.1700 | 0.6436 | 6.1998 |
| NII | 1149750 | 0.0051 | 0.0463 | 0.5690 |
| Retail | 2682748 | 0.1285 | 0.4034 | 0.8718 |
| Employees | ||||
| Total | 5365497 | 0.1203 | 0.3977 | 2.3242 |
Fine Organic Industries Limited Grey Market Price, Rates, GMP Premium
Fine Organic Industries IPO Grey Market Premium (GMP) as on 29 June 2018 today at Rs. 35 with Kostak at 300.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 28 June 2018 at Rs. 27 with Kostak at 300.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 27 June 2018 at Rs. 30 with Kostak at 300.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 26 June 2018 at Rs. 30 with Kostak at 300.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 25 June 2018 at Rs. 25 with Kostak at 300.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 23 June 2018 at Rs. 25 with Kostak at 400.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 23 June 2018 at Rs. 25 with Kostak at 400.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 22 June 2018 at Rs. 35 with Kostak at 400.
Fine Organic Industries Grey Market Premium (GMP) as on 21 June 2018 at Rs. 50 with Kostak at 500.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 20 June 2018 at Rs. 45 with Kostak at 400.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 19 June 2018 at Rs. 45 with Kostak at 400.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 18 June 2018 at Rs. 10-15 with Kostak at 400.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 16 June 2018 at Rs. 60 with Kostak at 500.
Fine Organic Industries IPO Grey Market Premium (GMP) as on 15 June 2018 at Rs. 65 with Kostak at 500.
Fine Organic Industries Limited IPO Allotment Status:
Fine Organic Industries Limited IPO Allotment Date: 28-Jun-2018
Fine Organic Industries Limited IPO Listing Date: 3-Jul-2018
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