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Omfurn India FPO is a book build issue of ₹27.00 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹27.00 crore.
Omfurn India FPO bidding started from Mar 20, 2024 and ended on Mar 22, 2024. The allotment for Omfurn India FPO was finalized on Mar 26, 2024. The shares got listed on NSE SME on Mar 28, 2024.
Omfurn India FPO price band is set at ₹75.00 per share . The lot size for an application is 2,400. The minimum amount of investment required by an retail is ₹1,70,400 (2400 shares). The minimum lot size investment for HNI is 2 lots (4,800 shares), amounting to ₹3,60,000.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to Omfurn India FPO RHP for detailed Information.
| IPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | March 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 2,400 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹27.00 Cr) |
| Reserved for Market Maker | 1,80,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 34,20,000 shares (aggregating up to ₹25.65 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,74,400 shares |
| Share Holding Post Issue | 1,17,74,400 shares |
Omfurn India FPO offers total 36,00,000 shares. Out of which 17,08,800 (47.47%) allocated to QIB, 11,73,600 (32.60%) allocated to QIB, 5,13,600 (14.27%) allocated to NII, 11,97,600 (33.27%) allocated to RII and 5,35,200 (14.87%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.00%) |
| QIB Shares Offered | 17,08,800 (47.47%) |
| − Anchor Investor Shares Offered | 5,35,200 (14.87%) |
| − QIB (Ex. Anchor) Shares Offered | 11,73,600 (32.60%) |
| NII (HNI) Shares Offered | 5,13,600 (14.27%) |
| Retail Shares Offered | 11,97,600 (33.27%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Omfurn India FPO raises ₹4.01 crore from anchor investors. Omfurn India FPO Anchor bid date is March 19, 2024. Omfurn India FPO Anchor Investors list
| Bid Date | March 19, 2024 |
| Shares Offered | 5,35,200 |
| Anchor Portion Size (In Cr.) | 4.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 24, 2024 |
Omfurn India FPO opens on March 20, 2024, and closes on March 22, 2024.
| IPO Open Date | Wed, Mar 20, 2024 |
| IPO Close Date | Fri, Mar 22, 2024 |
| Tentative Allotment | Tue, Mar 26, 2024 |
| Initiation of Refunds | Wed, Mar 27, 2024 |
| Credit of Shares to Demat | Wed, Mar 27, 2024 |
| Tentative Listing Date | Thu, Mar 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 22, 2024 |
Investors can bid for a minimum of 2,400 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 | 2,400 | ₹1,80,000 |
| Retail (Max) | 1 | 2,400 | ₹1,80,000 |
| HNI (Min) | 2 | 4,800 | ₹3,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,825.97 | 5,716.59 | 4,766.30 | 4,665.35 |
| Total Income | 4,474.78 | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit After Tax | 289.16 | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves and Surplus | 2,181.75 | 1,892.59 | 1,477.72 | 1,417.91 |
| Total Borrowing | 1,890.41 | 1,138.10 | 1,595.16 | 1,585.99 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Omfurn India FPO is ₹88.31 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 10.10% |
| ROCE | 10.28% |
| RoNW | 10.10% |
| PAT Margin | 7.00% |
| Price to Book Value | 2.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.08 | 4.91 |
| P/E (x) | 14.78 | 15.27 |
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.
[Dilip Davda] The company is engaged in the pre-finished wooden doors and modular furniture manufacturing and marketing. This segment is highly competitive and fragmented. Its financial performance has been average. However, sudden boost in its top and bottom lines from FY23 onward raise eyebrows and concern over its sustainability. There are many listed companies in this segment, but surprisingly the company has not considered any peers for comparison. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | March 28, 2024 |
| BSE Script Code | |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹76.60 |
| Low | ₹76.60 |
| High | ₹76.60 |
| Last Trade | ₹76.60 |
Omfurn India Ltd.
109, Gundecha Industrial Complex,
Akrurali Road,
Kandivali (East),
Mumbai, Maharashtra, 400101
Phone: +91-2242108900
Email: omfurn@omfurnindia.com
Website: https://www.omfurnindia.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Omfurn India FPO is a SME FPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹27.00 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 2400.
The FPO opens on March 20, 2024, and closes on March 22, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Omfurn India FPO using UPI as a payment gateway. Zerodha customers can apply in Omfurn India FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Omfurn India FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Omfurn India FPO opens on March 20, 2024 and closes on March 22, 2024.
Omfurn India FPO lot size is 2400, and the minimum amount required for application is ₹1,80,000.
You can apply in Omfurn India FPO 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 Omfurn India FPO will be done on Tuesday, March 26, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 27, 2024. Check the Omfurn India FPO allotment status.
The Omfurn India FPO listing date is on Thursday, March 28, 2024.
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