Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Oan Industries Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 8, 2025.
Oan Industries Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Gretex Corporate Services Ltd. was the book running lead manager and Maashitla Securities Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Nov 9, 2024 |
| Offer document withdrawn | |
| Offer document withdrawn | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in June 2019, Oan Industries Limited is a speciality chemicals manufacturer offering tailored solutions in the B2B sector.
The Company manufactures speciality chemicals, including fertiliser additives and Plasticisers, used in fertiliser manufacturing, phosphate rock beneficiation, phosphoric acid plants, construction (flexible PVC pipes, flooring), automotive interiors, packaging (flexible films), and consumer goods (toys, cables).
The company merges chemistry, technology, and systems for product development across industries like mining, packaging, construction, and consumer goods.
The company is ISO 9001:2015 certified, dedicated to manufacturing a variety of speciality chemicals to enhance fertiliser quality.
The company exports its products to countries, including Morocco, Jordan, Indonesia, Turkey, Serbia, Egypt etc.
The company's manufacturing facility, located in Jaipur, Rajasthan, covers an area of about 1,950 square meters.
As of November 2024, the company has a 4-member R&D team with Bachelor's and Master's degrees and 1 to 8 years of experience.
As of November 2024, there is a total of 70 employees on payroll.
Competitive Strength:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 54.41 | 39.78 | 18.77 | 9.30 |
| Total Income | 27.99 | 96.14 | 30.04 | 13.08 |
| Profit After Tax | 3.75 | 10.57 | 1.78 | 0.58 |
| NET Worth | 20.78 | 16.08 | 4.50 | 2.13 |
| Reserves and Surplus | 18.15 | 13.48 | 2.90 | 1.13 |
| Total Borrowing | 26.09 | 18.31 | 11.75 | 5.66 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquiring new Plant and Machinery | 5.24 |
| 2 | Construction of foundation for new Factory Building | 2.57 |
| 3 | Repayment/Prepayment of Certain Debt Facilities | 5.66 |
| 4 | Working Capital Requirement | 15.00 |
| 5 | General Corporate Purposes | 1.94 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 65.76% |
| ROCE | 58.76% |
| Debt/Equity | 1.26 |
| RoNW | 65.76% |
| PAT Margin | 11.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 94.99% |
Lead Manager Reports
Oan Industries IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Oan Industries IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Oan Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Oan Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oan Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oan Industries IPO dates are not announced. Please check back again after some time.
Oan Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Oan Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Oan Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Oan Industries IPO allotment status.
The Oan Industries IPO listing date is not yet announced. The tentative date of listing is .
