Fine Organic Industries Limited IPO Message Board (Page 11)

Fine Organics IPO - *Market Estimates of oversubscription*:

RII = 7.5L Forms = 5.31X Applic. wise (Avg allotment of ~3.6 shares per lot)
NII = 15K Crs. = ~167X

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

Thus, for NII the costing = 167 X 82.59 paise = Rs.138/- per share (GMP)

And, for RII the costing = 138/- X 3.58 = Rs. ~500/- (Kostak)


Fine Organics IPO - *GMP Expected*
GMP 140
Kostak 500

avoid pharma.. also search for Amit Mantri's blog...

in 5 years revenue has doubled but profit increased 4 times. Why? did they invent something?

GMP
45 - 46

Fave Value Rs:5
Highly Priced IPO

FV has no meaning in IPO, check financials (maybe cooked up)...

No grey market activity started

Fine Organics IPO - Schedule *(TENTATIVE)*

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
29th June - Credit to Demat Accounts
02nd July - Listing on NSE & BSE


Fine Organics IPO - Issue Information *(TENTATIVE)*

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.19.70 (Page #92 of DRHP)
EPS for FY15-16 >>> Rs.24.85 (Page #92 of DRHP)
EPS for FY16-17 >>> Rs.25.33 (Page #92 of DRHP)
EPS for 9M17-18 >>> Rs.25.34 (Page #92 of DRHP)

RoNW for FY14-15 >>> 29.46% (Page #93 of DRHP)
RoNW for FY15-16 >>> 31.35% (Page #93 of DRHP)
RoNW for FY16-17 >>> 26.51% (Page #93 of DRHP)
RoNW for 9M17-18 >>> 16.64% (Page #93 of DRHP)

NAV as on December 31, 2017 was Rs.114.76 (Page #94 of DRHP)

Listed Industry Peer Group (Page #94 of DRHP): NONE

Hmm, what does @Anarchist have to say regarding this, seems a monopoly, will have to dig further into valuations, accounts, etc... long way to decide!

lol! We live in a world full of delusions isn't it? ..And these IPOs could only help strengthen one's belief in disbelief...

@Anarchist, gotcha... sometimes they are correct, sometimes... you know, I got my answer... :-)

My Portfolio (Judge it, still not in negative), suggestions welcome!

Instrument      Qty.      Avg. cost      LTP      Cur. val      P&L      Net chg.      Day chg.
GRAUWEIL      135      60.74      53      7155      -1045      -12.74      0.28
NILE      20      825      591.85      11837      -4663      -28.26      1.34
PONDYOXIDE      60      374.68      388      23280      799      3.55      0.78
AUBANK      30      573      720.8      21624      4434      25.79      3.6
BANDHANBNK      40      375      520.2      20808      5808      38.72      1.56
DEEPAKNTR      25      200      248      6200      1200      24      2.37
FEDDERELEC      158      64.41      56.05      8855.9      -1321.4      -12.98      -0.71
FEDERALBNK      100      81.79      88.45      8845      666      8.14      0.91
FSC      30      658.93      642.7      19281      -487      -2.46      -2.38
GODREJAGRO      32      460      660.6      21139.2      6419.2      43.61      -0.26
GRANULES      50      115      84.5      4225      -1525      -26.52      5.96
HDFCLIFE      50      290      503.2      25160      10660      73.52      3.57
HINDZINC      30      285      303.75      9112.5      562.5      6.58      0.56
ICICIB22      278      35.97      35.97      9999.66      0      0      0.56
IDBI      240      62.58      61.5      14760      -258      -1.72      0.08
KEC      34      147      369.65      12568.1      7570.1      151.46      5.4
NMDC      100      135.42      116.95      11695      -1847      -13.64      0.78
NTPC      90      159.6      161.3      14517      153      1.07      -0.28
PFC      100      114.6      84.1      8410      -3050      -26.61      -0.47
PGIL      67      151.56      122.6      8214.2      -1940.3      -19.11      -0.89
PINCON-BZ      300      50.27      14.65      4395      -10686      -70.86      -1.01
RATNAMANI      5      870      1019.95      5099.75      749.75      17.24      0
RECLTD      100      132.3      116.45      11645      -1585      -11.98      0.52
RJL      34      147      302.6      10288.4      5290.4      105.85      1.51
SALZERELEC      78      192.5      189.6      14788.8      -226.2      -1.51      0.18

There isn't much left to lose from hereon...An established liquor brand available at less than 2 P/E and half the book value with good dividend yield ....You gotta pinch yourself to believe it....

@Anarchist, I love the irony... thanks! But yet production has stopped, special operations group has taken over, bad news, moved to Z trading group, etc, promoters in jail, takeover story, yet, I can lay off this 15k to do whatever it likes, that's like it! Calculated lottery, maximum. It can get delisted...? Nothing more? I can take it... But if it shines somehow (don't know), 300 shares matter a bit to a poor fellow if it rises!

And as always my gratitude to a senior like you... good times ahead!

Fine Organics IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.19.70 (Page #92 of DRHP)
EPS for FY15-16 >>> Rs.24.85 (Page #92 of DRHP)
EPS for FY16-17 >>> Rs.25.33 (Page #92 of DRHP)
EPS for 9M17-18 >>> Rs.25.34 (Page #92 of DRHP)

RoNW for FY14-15 >>> 29.46% (Page #93 of DRHP)
RoNW for FY15-16 >>> 31.35% (Page #93 of DRHP)
RoNW for FY16-17 >>> 26.51% (Page #93 of DRHP)
RoNW for 9M17-18 >>> 16.64% (Page #93 of DRHP)

NAV as on December 31, 2017 was Rs.114.76 (Page #94 of DRHP)

Listed Industry Peer Group (Page #94 of DRHP): NONE

EPS, RoNW stagnating, on YoY current basis will be nearly the same as previous YoY values, hence the OFS? Or cooked books previously?

Isn't Galaxy Surfactants a peer?

Financials are shrinking, stagnation... What about sales, i wonder... I fear they are drying where they have to, hence the OFS or (OFS=naked IPO)?

I prefer this to RITES

RITES seems to be over-hyped... operator activity till 10 days after listing... sell within that if you get allotment!

both mainboard ipo coming this month are OFS not a single penny goes to company.

Making hay while the cooked up books shine? Lots to research before committing... Or? Believe in the hype?

issue price is 775-785 with a FV 5. Lot size 19 share

Fine Organics IPO - Issue Information *(TENTATIVE)*

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.785 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 @1000 = Rs.766.50 Crores
Equity Shares outstanding after the Issue = 3,06,59,976 Equity Shares

Category-wise Break up:.
Anchor - 22,99,497 Shares = 180.51Crs
QIB - 15,32,999 Shares = 120.34Crs
NII - 11,49,750 Shares = 90.26Crs
RII - 26,82,748 Shares = 210.60Crs (Lot size: 19 = 1,41,197 Forms)
Total Issue - 76,64,994 Equity Shares = 601.70Crs.

Subscription required for 1X
RII = 1,41,197 Forms
NII = 90.26 Crs

Interest cost @5%p.a. for 7days = 75.274paise for 1X

Price and lot details