Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Fri, Sep 29, 2017 - Thu, Oct 5, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2017
IPO Close
Thu, Oct 5, 2017
Issue Price
₹23 per share
Market Cap (Pre-IPO)
₹15.67 Cr
| IPO Date | 29 Sep to 5 Oct, 2017 |
| Listed on | Fri, Oct 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,12,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 96,000 shares (agg. up to ₹0.2208 Cr) |
| Fresh Issue (Ex Market Maker) | 17,16,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 17,16,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,12,000 shares |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
Omfurn India IPO comprises a total issue size of 18,12,000 shares. The net offer to the public is 17,16,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,58,000 (50.00%) allocated to NII 8,58,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,58,000 | 50.00% | 47.35% |
| Retail Shares Offered | 8,58,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.30% | |
| Total Shares Offered | 18,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion Project | 2.50 |
| 2 | General Corporate Purposes | 1.04 |
| 3 | Issue Expenses | 0.63 |
The Omfurn India IPO is subscribed [.] times on October 5, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.42 |
| 2 | Regulatory Fees & Other Expenses | 0.21 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹27.60 |
| Low | ₹21.50 |
| High | ₹27.60 |
| Last Trade | ₹22.85 |
Lead Manager Reports
Omfurn India IPO is a SME IPO of 18,12,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 29, 2017, and closes on Thu, Oct 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 Fri, Sep 29, 2017 and closes on Thu, Oct 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 Fri, Oct 13, 2017.
