Fine Organic Industries IPO: Specialised Business Model with High Entry Barriers; Subscribe

Hem Securities | June 20, 2018, 12:22 p.m.

Valuation

The  co  is  bringing  the  issue  at  p/e  multiple  of  approx.  30  on  annualized 9MFY18  eps  at  price  band  of  Rs  780-783/share.  Co  being  the  one  of  the largest  player  in  Oleochemical  based  additives  industry  in  has  posted decent  financial  performance.  However  looking  after  the  current  market volatility & valuations of issue, we recommend “Long Term  Subscribe” on issue.



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