Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Wed, Jun 20, 2018 - Fri, Jun 22, 2018
Fine Organic Industries IPO is a book build issue of ₹600.17 crores. The issue is entirely an offer for sale of 0.77 crore shares of ₹600.17 crore.
Fine Organic Industries IPO bidding started from Jun 20, 2018 and ended on Jun 22, 2018. The allotment for Fine Organic Industries IPO was finalized on Jun 27, 2018. The shares got listed on BSE, NSE on Jul 2, 2018.
Fine Organic Industries IPO price band is set at ₹783 per share. The lot size for an application is 19. The minimum amount of investment required by an retail is ₹14,877 (19 shares) (based on upper price). The lot size investment for sNII is 14 lots (266 shares), amounting to ₹2,08,278, and for bNII, it is 68 lots (1,292 shares), amounting to ₹10,11,636.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Fine Organic Industries IPO RHP for detailed Information.
IPO Open
Wed, Jun 20, 2018
IPO Close
Fri, Jun 22, 2018
Issue Price
₹783 per share
Market Cap (Pre-IPO)
₹2,400.68 Cr
| IPO Date | 20 to 22 Jun, 2018 |
| Listed on | Mon, Jul 2, 2018 |
| Face Value | ₹5 per share |
| Price Band | ₹780 to ₹783 |
| Issue Price | ₹783 per share |
| Lot Size | 19 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 76,64,994 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 76,64,994 shares of ₹5 (agg. up to ₹600 Cr) |
| Share Holding Pre Issue | 3,06,59,976 shares |
| Share Holding Post Issue | 3,06,59,976 shares |
| BSE Script Code / NSE Symbol | 541557 / FINEORG |
| ISIN | INE686Y01026 |
Fine Organic Industries IPO comprises a total issue size of 76,64,994 shares. Out of which, 38,32,496 (50.00%) are allocated to QIB, 11,49,750 (15.00%) allocated to NII 26,82,748 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 38,32,496 | 50.00% | NA |
| − Anchor Investor Shares Offered | 22,99,497 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,32,999 | 20.00% | NA |
| NII (HNI) Shares Offered | 11,49,750 | 15.00% | NA |
| Retail Shares Offered | 26,82,748 | 35.00% | 1,41,197 |
| Total Shares Offered | 76,64,994 | 100.00% |
Investors can bid for a minimum of 19 shares and in multiples thereof.
| 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 |
Fine Organic Industries IPO raises ₹180.05 crore from anchor investors. Fine Organic Industries IPO Anchor bid date is June 19, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 19, 2018 |
| Shares Offered | 22,99,497 |
| Anchor Portion (₹ Cr.) | 180.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jul 27, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Sep 25, 2018 |
Incorporated in 2002, Mumbai based Fine Organic Industries Limited is a company engaged in manufacturing of oleochemical-based additives. As per CRISIL Research Report, 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.
The Company has 596 full-time employees on its payroll.
Strengths-
1. Largest Producer of Oleochemical-based Additives in India and One of the Few Large Players in the Oleochemicalbased Additives Industry in the World
2. Strategically Located Production Facilities with In-house Development Capabilities
3. Strong R&D Capability- developed and launched 46 new products since 2014
| Period Ended |
|---|
| Amount in ₹ Crore |
The Fine Organic IPO is subscribed 8.77 times on June 22, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.19 times in the retail category, 12.85 times in the QIB category, and 21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 12.85 | 15,32,999 | |
| NII | 21 | 11,49,750 | |
| Retail | 1.19 | 26,82,748 | |
| Total | 8.77 | 53,65,497 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriters fees and selling commission) | 15.32 |
| 2 | Selling commission and processing fees for SCSBs and Selling commission, brokerage, and bidding charges for the Syndicate members / members of the Syndicate, Registered Brokers, RTAs and CDPs (2)(3) | 1.46 |
| 3 | Fees payable to Registrar to the Offer | 0.40 |
| 4 | Printing and stationery expenses | 1.58 |
| 5 | Advertising and marketing expenses | 3.87 |
| 6 | Others: Listing fees; SEBI and Stock Exchanges processing fees; Book building fees payable to Stock Exchanges; Miscellaneous. | 5.51 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹783.00 | ₹783.00 |
| Open | ₹815.00 | ₹815.00 |
| Low | ₹787.00 | ₹786.65 |
| High | ₹834.00 | ₹833.70 |
| Last Trade | ₹822.80 | ₹822.80 |
Lead Manager Reports
Fine Organic Industries IPO is a main-board IPO of 76,64,994 equity shares of the face value of ₹5 aggregating up to ₹600 Crores. The issue is priced at ₹783 per share. The minimum order quantity is 19.
The IPO opens on Wed, Jun 20, 2018, and closes on Fri, Jun 22, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Fine Organic Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Fine Organic Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fine Organic Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fine Organic Industries IPO opens on Wed, Jun 20, 2018 and closes on Fri, Jun 22, 2018.
Fine Organic Industries IPO lot size is 19, and the minimum amount required for application is ₹14,877.
You can apply in Fine Organic Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fine Organic Industries IPO will be done on Wednesday, June 27, 2018, and the allotted shares will be credited to your demat account by Thu, Jun 28, 2018. Check the Fine Organic Industries IPO allotment status.
The Fine Organic Industries IPO listing date is on Mon, Jul 2, 2018.
