Fine Organic Industries Limited IPO Message Board (Page 7)

https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=3734

From Long term point of view.

Fine Organics:
Business type: The portfolio seems good. Multiple products (acclaimed new entrant barrier).

Trend:
These days specialty chemicals and similar are feeling heat of commodity/ raw material issues. Also fuel prices are right up compared to previous few quarters. These have been created concern for other chemical and specialty chemical companies (Except few carbon black companies).

Financials: Not much data available. Whatever is there, signs decreasing growth PAT. Again this less data is very less to conclude. Also there is no mention on how IPO proceeds are going to help company other than promoters cashing-in.

Judgement:
The Financial history is available for very short period. The RM, fuel price and interest rates are all against to past 6 or more quarter prices. For production and manufacturing companies, the power to pass-on these prices to clients is the key play in coming period.

Overall its too early to be call it investment (long-term) stock.

I am NOT APPLYING as already holding such companies in portfolio and awaiting to see how far they pass-on price inclination to clients.

These views are for LONG TERM investment Only.

Further, it might be bit biased based on experience with present holdings.

Any body tell me current subscription data

Qualified Institutional Buyers (QIBs)      2.8321
Non Institutional Investors(NII)      0.4726
Retail Individual Investors (RIIs)      0.7319
Total      1.2849

ye second bandhan bank and lemon tree hoga firm allotment and firm profit

subscriptipn link please for bse..

just applied for one lot

latest subscription send krte rho pls

@12.33pm IST

Qualified Institutional Buyers (QIBs)      2.2821
Non Institutional Investors(NII)      0.1309
Retail Individual Investors (RIIs)      0.6705
Employee Reserved      0
Reservation PortionShareholder      0
Total      1.0189

I think fine will give more return than RITES because as per subscription data allotment chances are more than RITES so even a small gain will be more

QIB Subscription more than 2 times now. I think this is a call for subscribing this IPO.
@ DownriteVJ What are your views.

For listing gain, QIB sub should be at least 10X plus. I don't see 2/3X is enough for it. Company is good but pricing is not.

There is a demand in qib's because they apply with long term view. And it is good issue if any one has long term view. Same thing we will also notice in varroc engineering IPO.

*Issue Fully Subscribed :

Qualified Institutional Buyers (QIBs)      2.2821
Non Institutional Investors(NII)      0.1209
Retail Individual Investors (RIIs)      0.6578
Total      1.0126

*FINE ORGANIC LIMITED*
*FINAL DAY SUBS FIGURE AT 11:25 A.M.*
QIB 1.59X**
NII 0.07X
RII 0.60X
TOTAL 0.77X
**Excluding Anchor
Total No.of FORMS : 72,706
*Apps Wise : 0.51X*

Can we apply it or not ??

QIB 1.59
NII 0.07
RII 0.54
App Wise 0.46
Total 0.74

@ 11.20

Qib 1.59
Nii 0.06
Rii 0.54

Total 0.74x

Any body tell me current subscription data

Any body tell me current subscription data

What is KOSHTAK PRICE of Rites & Fine organics ipo

GMP of Fine Organic is 20-22.
GMP of VEL is 55-60.
GMP of Rites is 34-36.

Positive:
Prominent market share., Own process pattern., Unique products and High Entry barrier
Negative:
1) FY17 and FY18 - Not much topline and bottom line growth. Currently Fine organics operating at full utilisation of capacity and further capacity expansion in FY19 End ONLY. No immediate triggers for revenue growth
2) Aggressive capacity expansion plans on card. But IPO money not allocated for expansion. Promoters cashing out all the IPO money. Not a single penny to the company.
3) In my opinion, no peer in the same business though Galaxy is compared. Even if we compare Galaxy which is trading around trailing PE of 28. So at EPS 26.38 at 28 multiples, it will be around Rs 740 only.
4) Fine organcs demanding high EV/EBITDA when compared to Galaxy.
5) Fine organics giving job work to Olefin organics which is the Promoter group entity

Business - Highly positive
Managemant - Neutral
Valuation - Negative

How you reached this figure 740

Hi,

Good evening,
When is the listing date for fine organic ipo.

list on 2 july 2018