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OBSC Perfection IPO is a book build issue of ₹66.02 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹66.02 crore.
OBSC Perfection IPO bidding started from Oct 22, 2024 and ended on Oct 24, 2024. The allotment for OBSC Perfection IPO was finalized on Oct 25, 2024. The shares got listed on NSE SME on Oct 29, 2024.
OBSC Perfection IPO price band is set at ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is R.K.Stock Holding Pvt.Ltd..
Refer to OBSC Perfection IPO RHP for detailed Information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 66,02,400 shares (aggregating up to ₹66.02 Cr) |
| Reserved for Market Maker | 3,33,600 shares R.K.Stock Holding Pvt.Ltd. (aggregating up to ₹3.34 Cr) |
| Net Offered to Public | 62,68,800 shares (aggregating up to ₹62.69 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,50,000 shares |
| Share Holding Post Issue | 2,44,52,400 shares |
OBSC Perfection IPO offers total 66,02,400 shares. Out of which 31,33,200 (47.46%) allocated to QIB, 12,54,000 (18.99%) allocated to QIB, 9,40,800 (14.25%) allocated to NII, 21,94,800 (33.24%) allocated to RII and 18,79,200 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,33,600 (5.05%) |
| QIB Shares Offered | 31,33,200 (47.46%) |
| − Anchor Investor Shares Offered | 18,79,200 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 12,54,000 (18.99%) |
| NII (HNI) Shares Offered | 9,40,800 (14.25%) |
| Retail Shares Offered | 21,94,800 (33.24%) |
| Total Shares Offered | 66,02,400 (100.00%) |
OBSC Perfection IPO raises ₹18.79 crore from anchor investors. OBSC Perfection IPO Anchor bid date is October 21, 2024. OBSC Perfection IPO Anchor Investors list
| Bid Date | October 21, 2024 |
| Shares Offered | 18,79,200 |
| Anchor Portion Size (In Cr.) | 18.79 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 23, 2025 |
OBSC Perfection IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | Tue, Oct 22, 2024 |
| IPO Close Date | Thu, Oct 24, 2024 |
| Tentative Allotment | Fri, Oct 25, 2024 |
| Initiation of Refunds | Mon, Oct 28, 2024 |
| Credit of Shares to Demat | Mon, Oct 28, 2024 |
| Tentative Listing Date | Tue, Oct 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 24, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering a wide range of precision engineering products, which are high-quality engineered parts for various end-user industries and regions.
OBSC Perfection manufactures a range of precision metal components including but not limited to cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housings; brass and aluminum, fork bolt, fasteners, connectors, ball pin, ball pin housing, flanges, male-female rings, dozing adapter. As of July 23, 2024, the company has a product portfolio of 24 products.
OBSC Perfection caters to Original Equipment Manufacturers (OEMs) who ultimately supply various components and parts to leading automobile manufacturers in India. In the non-automotive sector, the company supplies manufacturers in the defense, marine, and telecom infrastructure sectors.
The company has four manufacturing facilities, three of which are located in Pune, Maharashtra, a major automotive hub, namely Unit I (main manufacturing facility), Unit II, Unit IV, and one in Chennai, Tamil Nadu, another major automotive hub.
Competitive strengths
As of July 12, 2024, the company had 85 permanent employees.
OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,066.37 | 8,650.59 | 6,916.01 | 4,847.48 |
| Total Income | 5,700.15 | 11,611.41 | 9,691.03 | 5,672.42 |
| Profit After Tax | 603.05 | 1,221.21 | 457.39 | 360.11 |
| Net Worth | 3,610.15 | 3,007.1 | 1,785.89 | 1,328.47 |
| Reserves and Surplus | 1,825.15 | 1,222.1 | 595.89 | 138.47 |
| Total Borrowing | 4,967.82 | 4,147.25 | 3,340.48 | 1,897.54 |
| Amount in ₹ Lakhs | ||||
The market capitalization of OBSC Perfection IPO is ₹244.52 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 40.61% |
| ROCE | 31.49% |
| Debt/Equity | 1.38 |
| RoNW | 40.61% |
| PAT Margin | 10.62% |
| Price to Book Value | 5.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.84 | 5.92 |
| P/E (x) | 14.62 | 16.89 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in the business of manufacturing precision metal component meant for various industries and OEMs. It posted steady growth in its top and bottom lines. FY24 improved margins attributed to its cost control management and increased product portfolio. Based on FY25 annualized earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | October 29, 2024 |
| BSE Script Code | |
| NSE Symbol | OBSCP |
| ISIN | INE0YHV01011 |
| Final Issue Price | ₹100 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹110.00 |
| Low | ₹110.00 |
| High | ₹115.50 |
| Last Trade | ₹115.50 |
OBSC Perfection Ltd.
6F, 6th Floor, M-6, Uppal Plaza,
Jasola District Centre,
South Delhi
Delhi, New Delhi, 110025
Phone: 022-2697 2586
Email: abhishek@obscperfection.com
Website: https://www.obscperfection.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
OBSC Perfection IPO is a SME IPO of 66,02,400 equity shares of the face value of ₹10 aggregating up to ₹66.02 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on October 22, 2024, and closes on October 24, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in OBSC Perfection IPO using UPI as a payment gateway. Zerodha customers can apply in OBSC Perfection IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in OBSC Perfection IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The OBSC Perfection IPO opens on October 22, 2024 and closes on October 24, 2024.
OBSC Perfection IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in OBSC Perfection 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 OBSC Perfection IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Monday, October 28, 2024. Check the OBSC Perfection IPO allotment status.
The OBSC Perfection IPO listing date is on Tuesday, October 29, 2024.
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