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Manorama Industries Limited IPO (Manorama Industries IPO) Detail

September 21, 2018 - September 25, 2018

Manorama Industries IPO is a book built issue of Rs 64.00 crores.

Manorama Industries IPO bidding started from September 21, 2018 and ended on September 25, 2018. The shares got listed on BSE SME on October 4, 2018.

Manorama Industries IPO price band is set at ₹181 to ₹188 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹112,800.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Manorama Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Manorama Industries IPO RHP for detailed information.

Manorama Industries IPO Details

IPO Date September 21, 2018 to September 25, 2018
Listing Date October 4, 2018
Face Value ₹10 per share
Price Band ₹181 to ₹188 per share
Lot Size 600 Shares
Total Issue Size3,404,400 shares
(aggregating up to ₹64.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue7,723,510
Share holding post issue11,127,910
Market Maker portion171,000 shares

Manorama Industries IPO Reservation

Manorama Industries IPO offers 3,404,400 shares. 532,200 (15.63%) to QIB, 1,350,600 (39.67%) to NII, 1,350,600 (39.67%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered171,000 (5.02%)
QIB Shares Offered532,200 (15.63%)
NII (HNI) Shares Offered1,350,600 (39.67%)
Retail Shares Offered1,350,600 (39.67%)
Total Shares Offered3,404,400 (100%)

Manorama Industries IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹112,800
Retail (Max) 1 600 ₹112,800
Lot Size Calculator

About Manorama Industries Limited

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 (Germany), Adeka Corporation (Japan), Olvea Vegetable Oils (France), etc. The company has also entered into an agreement with The Body Shop International Ltd. (U.K.) for the supply of Mango Butter. From 2013-14 to 2017-18- -Total revenue has grown from Rs. 10,532.50 lakhs to Rs. 22,189.33 lakhs, at a CAGR of 20.46%. -EBITDA has grown from Rs. 462.26 lakhs to Rs. 1,851.48 lakhs, at a CAGR of 41.43%. -PAT has grown from Rs. 89.62 lakhs to a profit of Rs. 1,035.56 lakhs at a CAGR of 84.29%. The Company is in the process of setting up an integrated manufacturing facility at Raipur, Chattisgarh to carry out its entire manufacturing operations under one roof. The facility will have a capacity of around 11,250 tonnes p.a. of specialty fats and CBE. The company has 66 permanent employees on its payroll. Competitive Strengths- 1. A robust network of raw material suppliers across Chhattisgarh, Odisha, Jharkhand and Madhya Pradesh etc., with over 18,000 collection centers 2. Large global businesses as customers with a history of repeat orders.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,676.47 2,260.94 2,022.82 1,659.75 2,120.32
Total Revenue 22,189.33 14,638.20 13,169.45 13,343.50 10,532.50
Profit After Tax 1,035.56 137.52 108.21 94.16 89.62

Objects of the Issue (Manorama Industries IPO Objectives)

The objects of the issue are-

1. Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products
2. General corporate purposes.

Manorama Industries IPO Review (May apply)

[Dilip Davda]  

As the issue is fully priced, considering its expansion plans and virtual monopoly status, investors may consider investment for long term.

Read detail review...


Manorama Industries IPO Subscription Status (Bidding Detail)

The Manorama Industries IPO is subscribed 1.08 times on September 25, 2018 6:50:02 PM. The public issue subscribed 0.37 times in the retail category, 1.56 times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.56
NII1.59
Retail0.37
Total1.08

Manorama Industries IPO Prospectus

Manorama Industries IPO Rating

77
3.1
Rating:Rated 3.1 stars
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Manorama Industries IPO Listing Details

Listing Date October 4, 2018
BSE Script Code 541974
NSE Symbol MANORAMA
ISIN INE00VM01010
Final Issue Price ₹188 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹188.00
₹190.20
₹180.00
₹187.25
₹183.65

Check IPO Performance…

Manorama Industries Limited Contact Details

Manorama Industries Limited
Office No 403, 4th Floor,
Midas, Sahar Plaza, Andheri Kurla Road,
Andheri East, Mumbai- 400059
Phone: 022-67088148
Email: investors@manoramagroup.co.in
Website: http://www.manoramagroup.co.in

Manorama Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: manorama.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Manorama Industries IPO - Buy or Not

Manorama Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Manorama Industries IPO FAQs

Manorama Industries IPO is a SME IPO of 3,404,400 equity shares of the face value of ₹10 aggregating up to ₹64.00 Crores. The issue is priced at ₹181 to ₹188 per share. The minimum order quantity is 600 Shares.

The IPO opens on September 21, 2018, and closes on September 25, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Manorama Industries IPO opens on September 21, 2018 and closes on September 25, 2018.

Manorama Industries IPO lot size is 600 Shares, and the minimum amount required is ₹112,800.

You can apply in Manorama Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Manorama Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Manorama Industries IPO allotment status.

The Manorama Industries IPO listing date is on October 4, 2018.
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Manorama Industries IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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31 Comments

27. RAJAKUMAR |   Link |  Bookmark |October 4, 2018 10:47:43 AM (1400+ Posts, 1200+ Likes)
Patamoth lists with Rs.2 gain. LM again does better than other Lead managers.
27.1. v for vendetta |   Link |  Bookmark |October 4, 2018 3:55:22 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Sir, if LM really plays a role, why do their some of the stocks fail.
Akshar Spintex etc.
Do you do that deliberately to avoid any suspicion by authorities.
And recently listed one SME from holani, I forgot its name.
26. sahil broker |   Link |  Bookmark |October 4, 2018 10:53:25 AM
hold ya sell pls give review
25. sahil broker |   Link |  Bookmark |October 4, 2018 10:53:03 AM
@rajkumar ji apply kiya tha ky aapn
24. SME BADSHAH |   Link |  Bookmark |October 2, 2018 7:02:35 PM
Listing on 04.10.2018.Let's see the performance of stock.Whether Investors get any return?
23. C K Jain |   Link |  Bookmark |September 25, 2018 3:08:02 PM
As per Market sentiment IPO is good. Let's see by the end of the day how much subscription is done...
23.1. C K Jain |   Link |  Bookmark |September 25, 2018 5:03:54 PM
IPO Over subscribed. Its means that Investor trusted on this Company.
22. sahil broker |   Link |  Bookmark |September 25, 2018 3:50:25 PM
@cg trade ap to comapny promoter ho
21. CGTRADE |   Link |  Bookmark |September 25, 2018 3:47:17 PM
http://winningbizness.com/best-out-of-waste-ashish-sarafs-mantra-that-promises-to-transform-lives-and-give-returns-ever-wondered-how-seemingly-worthless-seeds-of-sal-and-mango-can-reap-dividends-for-tribals-as-well-as-for/
20. sahil broker |   Link |  Bookmark |September 25, 2018 3:42:29 PM
@rajkumar ji bata do yar tym 3 tak hi h hmare pas
19. sahil broker |   Link |  Bookmark |September 25, 2018 2:46:53 PM
rajkumar ji pls give ur review
18. Singh Waheguru |   Link |  Bookmark |September 25, 2018 1:59:40 PM
RAJKUMAR, MEDGE, DOWNRITE view about this IPO as subscription not so good till now..
waiting for your views
17. IPOMantra |   Link |  Bookmark |September 24, 2018 10:56:04 PM
My dear friend whistleblower can you forward your removed message on my email maneeshraut72@yahoo.com
16. Singh Waheguru |   Link |  Bookmark |September 24, 2018 6:00:23 PM
Is it worthy to subscribe a lot...
15. AnkurGoel |   Link |  Bookmark |September 24, 2018 2:34:02 PM
I am not sure what was the message posted by WhistleBlower? But if it is true that company threaten chittorgarh then it is definitely avoid.
15.1. Splendid |   Link |  Bookmark |September 24, 2018 3:44:17 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Ankurgoel

Its all about Pantomath...Forget all bed news and rumours
14. IPOMantra |   Link |  Bookmark |September 23, 2018 8:43:01 PM
Why whistleblower message removed, please explain Admin chittorgarh.
14.1. Administrator |   Link |  Bookmark |September 24, 2018 10:52:48 AM
IPO Guru IPO Guru (1100+ Posts, 1600+ Likes)
Dear Sir,

We have to remove the message as company has sent us a legal notice and said they have filed a FIR regarding this.

Team Chittorgarh.com

Thank you,
Admin @ Chittorgarh.com

ProStocks offers unlimited trading for Rs 899 per month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + Rs 0 Demat AMC + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantees you the best service. Open instant account

13. GrowYourMoney |   Link |  Bookmark |September 23, 2018 10:38:10 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
This IPO created huge trust deficit...
Very unfortunate incident....
12. GrowYourMoney |   Link |  Bookmark |September 23, 2018 10:18:56 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Something is there which clearly signaling to avoid the IPO...
Best way to dealt with..
11. Grow up |   Link |  Bookmark |September 23, 2018 6:41:38 PM
This message has been removed by a moderator.
10. Girishbhai |   Link |  Bookmark |September 20, 2018 7:02:42 PM
I just started in this. What does it mean by long term?
2 to 3 years or more?
9. ???????????? IPO CALLING ???????????? |   Link |  Bookmark |September 20, 2018 5:32:58 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Big big avoid
8. VIE |   Link |  Bookmark |September 16, 2018 2:47:32 AM (500+ Posts, 500+ Likes)
PARTICULAR=====POST=====PRE
EPS=============9.31=====13.72
NAV=============79.73=====32.75
RONW===========11.67=====41.89
DE===============0.25=====0.89
EBIDTA MARGIN====8.34======8.34
PAT MARGIN=======4.67======4.67
PE==============20.19======13.7
P/BV=============2.36=======5.74
MC/SALES========0.94=======0.64
EV/EBITA=========13.52======9.89