Mumbai based company Manorama Industries is soon to ready its new SME IPO. It will start from 21 September and set the date for closing on 25 September ith a price band of Rs 181 – 188 per share.
Manorama Industries ipo size is around Rs 64 Crore. The company plans to issue up to 3,404,400 equity shares of face value of Rs 10 each for cash.
Bids can be made for minimum of 600 equity shares and in multiples of 600 shares thereafter. Manorama Industries shares are proposed to be listed on BSE SME platform.
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager to the issue while Link Intime India Private Ltd is as IPO Registrar.
Manorama Industries Limited is Incorporated in 2005, currently doing a business of manufacturing, processing and supply of exotic and specialty fats & oils. Their range of products are 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.
The company is amongst the top 10 manufacturers of Stearine. Its manufacturing facility have at Raipur. Supplies its products to International markets including Japan, Italy, Malaysia, Germany, Sweden, Denmark, Indonesia, Singapore, Netherlands, and the UK.
At present, company has 66 permanent employees on its payroll.
Manorama Industries IPO Reviews & Recommendations:
- Don’t Apply..
Manorama Industries IPO & Issue Details
|Subscription Dates||21 – 25 September 2018|
|Issue Price Band||Rs181 – 188 per share|
|Minimum bid (lot size)||600 Shares|
|Minimum Lot Amount||Rs 112800|
|Face Value||INR 10 per share|
|IPO Size||Rs 64 Cr|
|Issue Type||Book Built Issue|
|Listing At||BSE SME|
Manorama Industries IPO Financial Performance (in INR Crore)
Manorama Industries IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Manorama Industries IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 21 Sept 2018
- Bid/Offer Closes On: 25 Sept 2018
- Basis of Allotment: On or about – 1 Oct 2018
- Refunds Status: On or about – 3 Oct 2018
- Credit of Equity Shares to demat accounts: On or about – 4 Oct 2018
- Listing Date: On or about – 5 Oct 2018
Allotment Status at Link Intime’s website – Manorama Industries IPO : Check Here
Manorama Industries IPO Issue Object
- Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products
- General corporate purposes
Manorama Industries IPO Prospectus:
Manorama Industries IPO Lead Manager(s):
- PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Manorama Industries IPO Promoters:
- Vinita Saraf
Company Contact Information:
Manorama Industries Limited
F-6, Anupam Nagar
Behind Ganesh Mandir, Raipur
Phone: +91 022 67088148
Email: [email protected]
Manorama Industries IPO Registrar:
Link Intime India Private Limited
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]