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Open
21 Sep 2018
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Close
25 Sep 2018
3
Allotment
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Listing
Thu, Oct 4, 2018
Price Band
₹181 to ₹188
Issue Size
34,04,400 shares (agg. up to ₹64 Cr)
Lot Size
600 Shares
Listing Date
Thu, Oct 4, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 46.76 | 22.61 | 20.23 |
| Total Income | 221.89 | 146.38 | 131.69 |
| Profit After Tax | 10.36 | 1.38 | 1.08 |
| NET Worth | 24.72 | 14.37 | 12.99 |
| Reserves and Surplus | 17.17 | 12.21 | 10.84 |
| Total Borrowing | 17.91 | 0.01 | 4.75 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dangee Dums Ltd. | SME | ₹20.07 Cr | ₹74 | null | ₹94.35 | +27.50% | ₹3.13 (+0.00%) |
| Megastar Foods Ltd. | SME | ₹8.04 Cr | ₹30 | null | ₹31.00 | +3.33% | ₹327.55 (-5.57%) |
| Soni Soya Products Ltd. | SME | ₹4.50 Cr | ₹25 | null | ₹25.20 | +0.80% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
About Manorama Industries IPO
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 (
Contact Details
Manorama Industries Ltd. AddressOffice No 403, 4th FloorMidas, Sahar Plaza, Andheri Kurla RoadAndheri (East)Mumbai, Maharashtra, 400059022-67088148investors@manoramagroup.co.inVisit Website