Bookbuilding IPO | ₹66 Cr | Listed at NSE SME | Tue, Oct 22, 2024 - Thu, Oct 24, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Oct 22, 2024
IPO Close
Thu, Oct 24, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹244.52 Cr
| IPO Date | 22 to 24 Oct, 2024 |
| Listed on | Tue, Oct 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 66,02,400 shares (agg. up to ₹66 Cr) |
| Reserved for Market Maker | 3,33,600 shares R.K.Stock Holding Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 62,68,800 shares (agg. up to ₹63 Cr) |
| Net Offered to Public | 62,68,800 shares (agg. up to ₹63 Cr) |
| Share Holding Pre Issue | 1,78,50,000 shares |
| Share Holding Post Issue | 2,44,52,400 shares |
| NSE Symbol | OBSCP |
| ISIN | INE0YHV01011 |
OBSC Perfection IPO comprises a total issue size of 66,02,400 shares. The net offer to the public is 62,68,800 shares, after excluding 3,33,600 shares allotted on a firm basis. Of the Net offer 31,33,200 (49.98%) are allocated to QIB, 9,40,800 (15.01%) allocated to NII 21,94,800 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,33,200 | 49.98% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 21,94,800 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,33,600 | 5.05% | |
| Total Shares Offered | 66,02,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
OBSC Perfection IPO raises ₹18.79 crore from anchor investors. OBSC Perfection IPO Anchor bid date is October 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 21, 2024 |
| Shares Offered | 18,79,200 |
| Anchor Portion (₹ Cr.) | 18.79 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 23, 2025 |
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.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 110.66 | 86.51 | 69.16 | 48.47 |
| Total Income | 57.00 | 116.11 | 96.91 | 56.72 |
| Profit After Tax | 6.03 | 12.21 | 4.57 | 3.60 |
| NET Worth | 36.10 | 30.07 | 17.86 | 13.28 |
| Reserves and Surplus | 18.25 | 12.22 | 5.96 | 1.38 |
| Total Borrowing | 49.68 | 41.47 | 33.40 | 18.98 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards purchase of machinery for our existing manufacturing facility (“Unit III”) at Chennai, Tamil Nadu. | 15.42 |
| 2 | Funding capital expenditure requirements towards purchase of machinery for our existing manufacturing facility (“Unit IV”) at Pune, Maharashtra | 15.17 |
| 3 | Funding working capital requirements of the Company | 16.66 |
| 4 | General Corporate Purposes | 12.19 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.84 | 5.92 |
| P/E (x) | 14.62 | 16.89 |
| Promoter Holding | 100% | 73% |
| Market Cap | ₹244.52 Cr. |
The OBSC Perfection IPO is subscribed 16.56 times on October 24, 2024 6:19:59 PM (Day 3). The public issue subscribed 16.2 times in the retail category, 10.2 times in the QIB category, and 25.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 10.2 | 12,55,200 | 1,28,08,800 | 0 |
| NII* | 25.87 | 9,40,320 | 2,43,28,800 | 0 |
| Retail | 16.2 | 21,94,080 | 3,55,40,400 | 0 |
| Total | 16.56 | 43,89,600 | 7,26,78,000 | 29,617 |
Total Application : 29,617
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 2.86 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.29 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses. | 0.43 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹110.00 |
| Low | ₹110.00 |
| High | ₹115.50 |
| Last Trade | ₹115.50 |
Lead Manager Reports
OBSC Perfection IPO is a SME IPO of 66,02,400 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Oct 22, 2024, and closes on Thu, Oct 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 Tue, Oct 22, 2024 and closes on Thu, Oct 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 Mon, Oct 28, 2024. Check the OBSC Perfection IPO allotment status.
The OBSC Perfection IPO listing date is on Tue, Oct 29, 2024.
