Omfurn India FPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 20 to Mar 22 2024
Price Band
₹71 - 75
Current GMP
₹0 (0%)
Subscription
3.57 times
IPO Details
| IPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | Thursday, March 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 2400 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,174,400 |
| Share holding post issue | 11,774,400 |
| Market Maker portion | 180,000 shares Gretex Share Broking |
IPO Date
March 20, 2024 to March 22, 2024
Listing Date
Thursday, March 28, 2024
Face Value
₹10 per share
Price Band
₹71 to ₹75 per share
Lot Size
2400 Shares
Total Issue Size
3,600,000 shares (aggregating up to ₹27.00 Cr)
Fresh Issue
3,600,000 shares (aggregating up to ₹27.00 Cr)
Issue Type
Book Built Issue FPO
Listing At
NSE SME
Share holding pre issue
8,174,400
Share holding post issue
11,774,400
Market Maker portion
180,000 shares Gretex Share Broking
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 1.00 |
| Non-Institutional Buyers* | 3.02 |
| Retail Investors | 6.33 |
| Total ** | 3.57 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
1.00
Non-Institutional Buyers*
3.02
Retail Investors
6.33
Total **
3.57
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 20, 2024 | 0.00 | 0.43 | 0.76 | 0.39 |
| Day 2 Mar 21, 2024 | 1.00 | 0.32 | 2.81 | 1.63 |
| Day 3 Mar 22, 2024 | 1.00 | 3.02 | 6.33 | 3.57 |
DayDay 1
Mar 20, 2024
QIB0.00
NII*0.43
Retail0.76
Total0.39
DayDay 2
Mar 21, 2024
QIB1.00
NII*0.32
Retail2.81
Total1.63
DayDay 3
Mar 22, 2024
QIB1.00
NII*3.02
Retail6.33
Total3.57
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 27-03-2024 | 75.00 | 0(0.0%) | 75 |
| 26-03-2024 | 75.00 | 0(0.0%) | 75 |
| 25-03-2024 | 75.00 | 0(0.0%) | 75 |
| 24-03-2024 | 75.00 | 0(0.0%) | 75 |
| 23-03-2024 | 75.00 | 0(0.0%) | 75 |
| 22-03-2024 | 75.00 | 0(0.0%) | 75 |
| 21-03-2024 | 75.00 | 0(0.0%) | 75 |
| 20-03-2024 | 75.00 | 0(0.0%) | 75 |
| 19-03-2024 | 75.00 | 0(0.0%) | 75 |
| 18-03-2024 | 75.00 | 0(0.0%) | 75 |
| 17-03-2024 | 75.00 | 0(0.0%) | (0%) |
| 16-03-2024 | 75.00 | 0(0.0%) | (0%) |
Date27-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date26-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date25-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date24-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date23-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date22-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date21-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date20-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date19-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date18-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price75
Date17-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price(0%)
Date16-03-2024
Price75.00
GMP0(0.0%)
Estimate List Price(0%)
IPO Important Dates
| IPO Open Date | Wednesday, March 20, 2024 |
| IPO Close Date | Friday, March 22, 2024 |
| Basis of Allotment | Tuesday, March 26, 2024 |
| Initiation of Refunds | Wednesday, March 27, 2024 |
| Credit of Shares to Demat | Wednesday, March 27, 2024 |
| Listing Date | Thursday, March 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2024 |
IPO Open Date
Wednesday, March 20, 2024
IPO Close Date
Friday, March 22, 2024
Basis of Allotment
Tuesday, March 26, 2024
Initiation of Refunds
Wednesday, March 27, 2024
Credit of Shares to Demat
Wednesday, March 27, 2024
Listing Date
Thursday, March 28, 2024
Cut-off time for UPI mandate confirmation
5 PM on March 22, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2400 | ₹180,000 |
| Retail (Max) | 1 | 2400 | ₹180,000 |
| HNI (Min) | 2 | 4,800 | ₹360,000 |
ApplicationRetail (Min)
Lots1
Shares2400
Amount₹180,000
ApplicationRetail (Max)
Lots1
Shares2400
Amount₹180,000
ApplicationHNI (Min)
Lots2
Shares4,800
Amount₹360,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,825.97 | 5,716.59 | 4,766.30 |
| Revenue | 4,474.78 | 7,108.10 | 3,229.79 |
| Profit After Tax | 289.16 | 414.87 | 59.81 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 |
| Reserves and Surplus | 2,181.75 | 1,892.59 | 1,477.72 |
| Total Borrowing | 1,890.41 | 1,138.10 | 1,595.16 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20236,825.97
31 Mar 20235,716.59
31 Mar 20224,766.30
Period EndedRevenue
30 Sep 20234,474.78
31 Mar 20237,108.10
31 Mar 20223,229.79
Period EndedProfit After Tax
30 Sep 2023289.16
31 Mar 2023414.87
31 Mar 202259.81
Period EndedNet Worth
30 Sep 20232,862.95
31 Mar 20232,573.79
31 Mar 20222,158.92
Period EndedReserves and Surplus
30 Sep 20232,181.75
31 Mar 20231,892.59
31 Mar 20221,477.72
Period EndedTotal Borrowing
30 Sep 20231,890.41
31 Mar 20231,138.10
31 Mar 20221,595.16
Key Performance Indicator
| ROE | 10.10% |
| ROCE | 10.28% |
| RoNW | 10.10% |
| P/BV | 2.14 |
| PAT Margin (%) | 7 |
| EPS (Rs) | 5.08 |
ROE
10.10%
ROCE
10.28%
RoNW
10.10%
P/BV
2.14
PAT Margin (%)
7
EPS (Rs)
5.08
IPO Reservation
| Anchor Investor Shares Offered | 535,200 (14.87%) |
| Market Maker Shares Offered | 180,000 (5.00%) |
| QIB Shares Offered | 1,173,600 (32.60%) |
| NII (HNI) Shares Offered | 513,600 (14.27%) |
| Retail Shares Offered | 1,197,600 (33.27%) |
| Total Shares Offered | 3,600,000 (100%) |
Anchor Investor Shares Offered
535,200 (14.87%)
Market Maker Shares Offered
180,000 (5.00%)
QIB Shares Offered
1,173,600 (32.60%)
NII (HNI) Shares Offered
513,600 (14.27%)
Retail Shares Offered
1,197,600 (33.27%)
Total Shares Offered
3,600,000 (100%)
Information about company
Incorporated in 1997, Omfurn India Limited is a manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. The company offers a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture.
Omfurn India also designs, manufactures and installs custom furniture and designs and executes turnkey interior projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire-rated doors.
The company was listed in NSE SME in the year 2017.
Omfurn India Limited's manufacturing factory is located in Umbergaon and has a total area of 1,61,460 sq. ft.
As of November 30, 2023, the company had 221 employees, consisting of administrative staff, skilled workers, semi-skilled and unskilled employees.
Objectives of IPO
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
(1) Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work;
(2) Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
(3) Funding to meet working capital requirements; and
(4) General corporate purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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