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Omfurn India IPO is a fixed price issue of ₹4.17 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹4.17 crore.
Omfurn India IPO bidding started from Sep 29, 2017 and ended on Oct 5, 2017. The shares got listed on NSE SME on Oct 13, 2017.
Omfurn India IPO price is ₹23.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,76,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Omfurn India IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 5, 2017 |
| Listing Date | October 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,12,000 shares (aggregating up to ₹4.17 Cr) |
| Reserved for Market Maker | 96,000 shares (aggregating up to ₹0.2208 Cr) |
| Net Offered to Public | 17,16,000 shares (aggregating up to ₹3.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,12,000 shares |
Omfurn India IPO offers total 18,12,000 shares. Out of which 8,58,000 (47.35%) allocated to NII, 8,58,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.30%) |
| NII (HNI) Shares Offered | 8,58,000 (47.35%) |
| Retail Shares Offered | 8,58,000 (47.35%) |
| Total Shares Offered | 18,12,000 (100.00%) |
Omfurn India IPO opens on September 29, 2017, and closes on October 5, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Thu, Oct 5, 2017 |
| Tentative Listing Date | Fri, Oct 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2017 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,38,000 |
| Retail (Max) | 1 | 6,000 | ₹1,38,000 |
| HNI (Min) | 2 | 12,000 | ₹2,76,000 |
Incorporated in 1997, Omfurn India Limited produces and sells commercial furniture in India. The company offers hotel furniture, office furniture, school furniture, wooden shutter doors, and door frames.
They also designs, manufactures and installs custom furniture and designs and executes turnkey interiors projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire rated doors.
Company's manufacturing unit is situated in Umbergaon, Gujarat, having constructed area of appx. 80,000 sq. ft. This unit is equipped with latest woodworking CNC machines from Italy, Germany, Turkey & Austria of the leading international brands.
The Company Omfurn India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion Project | 2.50 |
| 2 | General Corporate Purposes | 1.04 |
| 3 | Issue Expenses | 0.63 |
[Dilip Davda] Although issue pricing is lucrative, considering decline in top line its immediate future looks gloomy, risk savvy investors may consider investment for long term. Read detail review...
| Listing Date | October 13, 2017 |
| BSE Script Code | |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
| Final Issue Price | ₹23 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹27.60 |
| Low | ₹21.50 |
| High | ₹27.60 |
| Last Trade | ₹22.85 |
Omfurn India Ltd.
109 Gundecha Indl. Complex,
Akrurali Road,
Mumbai - 400101
Mumbai, Maharashtra
Phone: +91-22-42108900
Email: omfurn@omfurnindia.com
Website: http://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 IPO is a SME IPO of 18,12,000 equity shares of the face value of ₹10 aggregating up to ₹4.17 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on September 29, 2017, and closes on October 5, 2017.
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 Omfurn India IPO using UPI as a payment gateway. Zerodha customers can apply in Omfurn India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Omfurn India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Omfurn India IPO opens on September 29, 2017 and closes on October 5, 2017.
Omfurn India IPO lot size is 6000, and the minimum amount required for application is ₹1,38,000.
You can apply in Omfurn India 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 Omfurn India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Omfurn India IPO allotment status.
The Omfurn India IPO listing date is on Friday, October 13, 2017.
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