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June' 2018 has witnessed that IPO market has been picking up its momentum. In April'2018, there was not a single mainstream IPO. In May'2018, IndoStar Capital Finance inaugurated Fiscal 2019 IPO market. The company got good response but failed to give sound listing gain. It listed with meagre premium and went down to below its issue price. Presently, the share is trading at 4% discount to its issue price.  In June 2018, Government PSU RITES Ltd and oleochemical based additives manufacturer Fine Organic Industries Ltd came up with their IPOs. They too have succeeded to get good response in the market. They have registered good subscription figures. However,  results are yet to be seen. The listing day will establish the real success or failure for the investors. There may not be much listing gain but both shares are fundamentally strong and wealth creators in long term. Now, yet another IPO is going to hit the primary market in the last week of June'18. Inco...

Incorporated in May 2002, Mumbai based Fine Organic Industries Ltd is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry. The company produces a wide range of specialty plant derived oleochemicals-based additives used in the food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries.  As at December 31, 2017, it had a range of 387 different products sold under the ‘Fine Organics’ brand. As on December 31, 2017, it had 603 direct customers (i.e., end-users of its products) and 127 distributors (who sold its products to more than 5,000 customers) from 67 countries. The company was founded by Late Ramesh Maganlal Shah and Prakash Damodar Kamat as Fine Organic Industries in early 1970 at Mumbai which was registered in 1973 as a partnership firm.   The company is more than 40 years old. The company has  three production facilities: one in Ambernath (Maharashtra) (the “F...

As per Modi Government's disinvestment plan to garner Rs. 72,500 in Fiscal 2018, in March 2018, three cash rich profit making defense PSUs had hit the primary market with 100% Offer for sale IPOs viz. Bharat Dynamics Ltd ,  Hindustan Aeronautics Ltd and  Mishra Dhatu Nigam Ltd . In spite of having strong fundaments and robust growth opportunities ahead, all the three IPOs got lame response from the investors. The low response was partly due to LTCG applicability from April 1, 2018 and partly due to bearish sentiments in the equity market. On listing day, Bharat Dynamics and Hindustan Aeronautics heavily disappointed their subscribers. The sheer bearishness could be witnessed on that day. BDL listed at a little premium while HAL failed to even touch its issue price. Presently,  BDL and HAL are trading at 7% and 22% discount to their issue prices respectively. However, Mishra Dhatu proved to be a shining star giving outstanding return to its subscribers. Presently, Mishr...