Manorama Industries Ltd
Issue Analysis :
| Issue opens | Sept.21, 2018 |
| Issue Closes | Sept. 25, 2018 |
| Issue Price | Rs 188 |
| Lot Size | 600 |
| Issue Size | 64 Cr |
| Lead Manager | Pantomath Capital Advisors Pvt Ltd |
| Registrar | Link Intime India Private Ltd |
| Platform | BSE |
Company’s Snapshot :
Manorama Industries 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.
Object of the Issue:
The objects of the Issue are to:
- Establishing an integrated greenfield project for manufacturing of CBE / specialty fats and tailormade products at Birkoni, near Raipur
- General Corporate Purpose
- Issue Expenses
Financial Highlights :
| Manorama Industries’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 105.3 | 133.4 | 131.7 | 146.4 | 221.9 | |
| Total expenses | 104.1 | 132.0 | 130.0 | 144.3 | 206.0 | |
| Profit after tax | 0.90 | 0.94 | 1.08 | 1.38 | 10.36 | |
Company Promoters:
The Promoters of the Company is:
- Vinita Saraf
Contact Company Information:
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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