Manorama Industries Limited is engaged in 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 several value added tailor made products. Currently, it is among the leading manufacturers of Sal Oils and Stearine globally with an annual production of 3,000-4,000 tonnes. Last year, the company produced 908 tonnes of Stearine resulting into approximately 1% global market share. Globally, it is amongst the top 10 manufacturers of Stearine.
The company caters to chocolate and cosmetic industry. Its product stearine which is made out of sal or mango seeds is one of the key ingredients in the manufacturing of Cocoa Butter Equivalents (CBE), which has a demand in the Chocolate Industry. Further its product olein is generally demanded in cosmetic industry. Its products also serve as a non-palm oil ingredient as there is movement against usage of palm oil in many western countries.
Manorama Industries has also entered into an agreement with one of the leading chocolate manufacturers for supply of CBE for a period of two year from 2018. As on date of the DRHP, it has an order book to supply CBE worth INR7680.00 lakhs over a period of two years from April 2018.
IPO Review:
- Apply for Long Term
Manorama Industries IPO Dates & Price Band:
- IPO Open: 21-September-2018
- IPO Close: 25-September-2018
- IPO Size: Approx Rs 64.00 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.181-188 Per Equity Share
- Listing on: BSE SME
- Shares: 3,404,400
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 600 Shares (Minimum Lot Size)
- Amount: Rs.1,12,800
IPO Allotment & Listing:
- Basis of Allotment: 01-October-2018
- Refunds: 03-October-2018
- Credit to demat accounts: 04-October-2018
- Listing: 05-October-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2014 | 105.3 | 104.1 | 0.90 | ||
| 2015 | 133.4 | 132.0 | 0.94 | ||
| 2016 | 131.7 | 130.0 | 1.08 | ||
| 2017 | 146.4 | 144.3 | 1.38 | ||
| 2018 | 221.9 | 206.0 | 10.36 | ||
Company Promoters:
- Vinita Saraf
IPO Registrar:
Link Intime India Private Limited
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: manorama.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
IPO Lead Managers:
- PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Company Address:
Manorama Industries Limited
F-6, Anupam Nagar
Behind Ganesh Mandir, Raipur
Chhattisgarh- 492001
Phone: +91 022 67088148
Email: investors@manoramagroup.co.in
Website: www.manoramagroup.co.in
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