Fine Organic Industries Limited IPO Message Board (Page 10)

Gmp for fine organic is around 100-105 application rate 420-450 ,,,apply for listing gain...

Beware of fake GMPs and sites.
FOIL
Not much left on the table at 783.
It's a high priced IPO.

Comparision
GALAXY
FV : 10
ISSUE PRICE : 1480
CMP : 1280
Trading at 200 Rs. Discount.

@. vishwas patil. @. in my opinion buy galaxy at current price it will go up to 2000. within 2 quaters.

^^^. Yes! It might reach 2000...But the readers here must understand that by. 'Two Quarters' you probably suggested a time frame...and not. 'Two Quarters Of Liquor'....

2quaters means June 18 and Sep 18 results

Dear Eagleye Medam,
It is almost debt free company. ( Long Term Borrowing Nil and Short Term Borrowing 28 Cr.)Market always thumps up for those debt free company. Your expected subscription and listing will be on card.

So is Galaxy Surfactants also

Comparison between current valuations
of Galaxy Surfactants & Fine Organics :

Known fact,
Galaxy Surfactants
EPS for the 12M FY17 is Rs.41.64
EPS for the 12M FY18 is Rs.44.57
Growth of 7.04% y-o-y

@CMP of Rs.1275
The trailing PE is 28.61X

Whereas,
Fine Organics (refc. pg #102)

EPS for the 12M FY17 is Rs.25.56
If, EPS for the 9M FY18 is Rs.26.38 is *NOT Annualised*
Then Growth is 37.61% y-o-y

And we offer same PE i.e. 28.61X
Then, the target = Rs.1000+

However,
EPS for the 12M FY17 is Rs.25.56
If the EPS for the 9M FY18 is Rs.26.38 is *Annualised*
Then Growth is 3.21% y-o-y

And, if we offer same PE i.e. 28.61X
Then, the target = Rs.750+

From this one can easily infer that a small error of Annualised or NOT Annualised can translate into a significant premium or discount to IPO issue price

Fine Organics: Please refer pages 67 & 69 & 102 of the RHP

On Page #102 of RHP

EPS for FY14-15 >>> Rs.18.35
EPS for FY15-16 >>> Rs.24.95
EPS for FY16-17 >>> Rs.25.56
&
EPS for 9M17-18 >>> Rs.26.38 (Not Annulaised)


However, I think it's an error ... the 9 months EPS is in fact *Annualized* ... you can do your calculation

I looked at Profit for 9 months on page #69 and annualized it ... and I saw no growth over FY'17 ... Profit for 9 months is 609.44 x 4/3 = 812.59 ... last year's profit is 783.62 ...

Whereas, page 102 mentions that EPS for 9M17-18 is Rs.26.38 (Not Annulaised) so I don't know what mistake I am making

Some honest opinion needed whether this IPO is better compared to galaxy surfactants? Analytically/fundamentally, etc..?

1250 instead of 1150

But read somewhere below promoters offering at lower PE, etc. etc.

Correction
Enter at 1250

Do not put anything in this Stock. Going to be a disaster.

https://www.bloombergquint.com/business/2018/06/13/carlsberg-is-said-to-plan-local-listing-for-indian-operations.amp?__twitter_impression=true

Good news... looking forward to it, huge increase in consumption expected over the years...

For strong techno-fundamental offers one should not look at GMPs as it may be totally misleading.

Kostak 300 in Rajkot

wonder who decides Issue open dates. No issue from more than a month and after RITES ipo, karvy bringing another issue during exactly same time frame of June 20-22. why cant the issue be timed after funds unblocked in another IPO?

Even Bharat22 FFO also opening at same time with 6k crore size. :)

Little irrelevant but for useful for investers.....Pharma is being unnecessary given importance....all channels have pumped air to it and Pharma rallied by 10 - 12 % in 7 -8 days ...nothing has changed on ground levels....investers be aware before putting your money..

Seems not a good buy for listing gains but yes in long terms we may see some upside.

Gmp for fine organic is around 100-110 application rate 450-480 ,,,apply for listing gain but decide after 2 pm of last day .....

Kostak 375
And
Sub premuim 60

Fine Organics IPO - Schedule (Pg #472 of RHP)

13th June - Price Band to be Announced
19th June - Anchor List
20th June - Offer Opens
22th June - Offer Closes
27th June - Finalisation of Basis of Allotment
28th June - Unblocking of ASBA
28th June - Credit to Demat Accounts
02nd July - Listing on NSE & BSE


Fine Organics IPO - Issue Information *(FINAL)*

Issue Opens on: 20 June 2018
Issue Closes on: 22 June 2018
Issue Type: Book Built Issue IPO
Issue Size: 76,64,994 Equity Shares
Face Value: Rs 5 per Equity Share
Issue Price: Rs.775 - Rs.783 per Equity Share
Market Lot: 19 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 3,06,59,976 Equity Shares
Offer for Sale of 76,64,994 Equity Shares @783 = Rs.600.169 Crores
Equity Shares outstanding after the Issue = 3,06,59,976 Equity Shares

Category-wise Break up:.
Anchor - 22,99,497 Shares = 180.05Crs
QIB - 15,32,999 Shares = 120.03Crs
NII - 11,49,750 Shares = 90.03Crs
RII - 26,82,748 Shares = 210.06Crs (Lot size: 19 = 1,41,197 Forms)
Total Issue - 76,64,994 Equity Shares = 600.17Crs.

Subscription required for 1X
RII = 1,41,197 Forms
NII = 90.03 Crs

Interest cost @5.5%p.a. for 7days = 82.59paise for 1X


Fine Organics IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.18.35 (Page #102 of RHP)
EPS for FY15-16 >>> Rs.24.95 (Page #102 of RHP)
EPS for FY16-17 >>> Rs.25.56 (Page #102 of RHP)
EPS for 9M17-18 >>> Rs.26.38 (Page #102 of RHP)

RoNW for FY14-15 >>> 25.66% (Page #103 of RHP)
RoNW for FY15-16 >>> 31.91% (Page #103 of RHP)
RoNW for FY16-17 >>> 24.65% (Page #103 of RHP)
RoNW for 9M17-18 >>> 17.34% (Page #103 of RHP)

NAV as on December 31, 2017 was Rs.114.65 (Page #104 of RHP)

Listed Industry Peer Group (Page #104 of RHP): Galaxy Surfactants Limited

At what PE is galaxy surf trading and at what PE this issue is offered?

@19.1 Galaxy is trading at about 30PE on FY2018 EPS of 44 and Fine promoters are selling at 26PE at probable Fy 2018 EPS of 30. So Fine gives advantage of Rs 120 per share when compared with Galaxy. wish it reflects in listing price.

Fully priced IPO.

Is this good IPO

one can sale applications above Rs. 500 if get but still no proper grey trades !!