Bookbuilding FPO | ₹27 Cr | Listed at NSE SME | Wed, Mar 20, 2024 - Fri, Mar 22, 2024
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 per share. The lot size for an application is 2,400. The minimum amount of investment required by an retail is ₹1,80,000 (2400 shares) (based on upper price). The minimum lot size for investment in 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.
FPO Open
Wed, Mar 20, 2024
FPO Close
Fri, Mar 22, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹88.31 Cr
| IPO Date | 20 to 22 Mar, 2024 |
| Listed on | Thu, Mar 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 2,400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,80,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,20,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 34,20,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 81,74,400 shares |
| Share Holding Post Issue | 1,17,74,400 shares |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
Omfurn India FPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,20,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 17,08,800 (49.96%) are allocated to QIB, 5,13,600 (15.02%) allocated to NII 11,97,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,08,800 | 49.96% | 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 | 15.02% | 14.27% |
| Retail Shares Offered | 11,97,600 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.00% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples thereof.
| 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 |
Omfurn India FPO raises ₹4.01 crore from anchor investors. Omfurn India FPO Anchor bid date is March 19, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Mar 19, 2024 |
| Shares Offered | 5,35,200 |
| Anchor Portion (₹ Cr.) | 4.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 24, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 68.26 | 57.17 | 47.66 | 46.65 |
| Total Income | 44.75 | 71.08 | 32.30 | 21.85 |
| Profit After Tax | 2.89 | 4.15 | 0.60 | -0.99 |
| NET Worth | 28.63 | 25.74 | 21.59 | 20.99 |
| Reserves and Surplus | 21.82 | 18.93 | 14.78 | 14.18 |
| Total Borrowing | 18.90 | 11.38 | 15.95 | 15.86 |
| 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 towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work | 11.75 |
| 2 | Repayment/prepayment, in full or part, of certain borrowings availed of by our Company | 1.25 |
| 3 | Funding to meet working capital requirements | 7.50 |
| 4 | General corporate purposes | 2.60 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 10.10% |
| ROCE | 10.28% |
| RoNW | 10.10% |
| PAT Margin | 7.00% |
| Price to Book Value | 2.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.08 | 4.91 |
| P/E (x) | 14.78 | 15.27 |
| Promoter Holding | 73.40% | 50.96% |
| Market Cap | ₹88.31 Cr. |
The Omfurn India FPO is subscribed 3.57 times on March 22, 2024 6:21:00 PM (Day 3). The public issue subscribed 6.33 times in the retail category, 1 times in the QIB category, and 3.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1 | 11,73,600 | 11,78,400 |
| NII* | 3.02 | 5,13,600 | 15,52,800 |
| Retail | 6.33 | 11,97,600 | 75,79,200 |
| Total | 3.57 | 28,84,800 | 1,03,10,400 |
Total Application : 3,158
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.50 |
| 2 | Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees**, Underwriting fees and Sponsor Bank, Market Making Fee | 1.36 |
| 3 | Market Making Fee | 1.64 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees payable to Regulators including Stock Exchange & Depositories | 0.05 |
| 6 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 8 | Fees Payable to Auditor, Legal Advisors and other Professionals, Sponsor Bank | 0.21 |
| 9 | Miscellaneous Expenses | 0.11 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹76.60 |
| Low | ₹76.60 |
| High | ₹76.60 |
| Last Trade | ₹76.60 |
Lead Manager Reports
Omfurn India FPO is a SME FPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 2400.
The FPO opens on Wed, Mar 20, 2024, and closes on Fri, Mar 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 Wed, Mar 20, 2024 and closes on Fri, Mar 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 Wed, Mar 27, 2024. Check the Omfurn India FPO allotment status.
The Omfurn India FPO listing date is on Thu, Mar 28, 2024.
