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On Door Concepts IPO is a fixed price issue of ₹31.18 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹31.18 crore.
On Door Concepts IPO bidding started from Oct 23, 2023 and ended on Oct 27, 2023. The allotment for On Door Concepts IPO was finalized on Oct 31, 2023. The shares got listed on NSE SME on Nov 1, 2023.
On Door Concepts IPO price is ₹208.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,49,600.
First Overseas Capital 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 Bhh Securities Pvt.Ltd..
Refer to On Door Concepts IPO RHP for detailed Information.
| IPO Date | October 23, 2023 to October 27, 2023 |
| Listing Date | November 1, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹208 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,98,800 shares (aggregating up to ₹31.18 Cr) |
| Reserved for Market Maker | 86,400 shares Bhh Securities Pvt.Ltd. (aggregating up to ₹1.80 Cr) |
| Net Offered to Public | 14,12,400 shares (aggregating up to ₹29.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 41,49,812 shares |
| Share Holding Post Issue | 56,48,612 shares |
On Door Concepts IPO offers total 14,98,800 shares. Out of which 7,06,200 (47.12%) allocated to NII, 7,06,200 (47.12%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 86,400 (5.76%) |
| NII (HNI) Shares Offered | 7,06,200 (47.12%) |
| Retail Shares Offered | 7,06,200 (47.12%) |
| Total Shares Offered | 14,98,800 (100.00%) |
On Door Concepts IPO opens on October 23, 2023, and closes on October 27, 2023.
| IPO Open Date | Mon, Oct 23, 2023 |
| IPO Close Date | Fri, Oct 27, 2023 |
| Tentative Allotment | Tue, Oct 31, 2023 |
| Initiation of Refunds | Wed, Nov 1, 2023 |
| Credit of Shares to Demat | Wed, Nov 1, 2023 |
| Tentative Listing Date | Wed, Nov 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 27, 2023 |
Investors can bid for a minimum of 600 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 | 600 | ₹1,24,800 |
| Retail (Max) | 1 | 600 | ₹1,24,800 |
| HNI (Min) | 2 | 1,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in December 2014, Ondoor Concepts is an e-commerce website catering to the needs of grocery and home essentials. In Jan 2015, the company opened its first store in Bhopal, Madhya Pradesh. As of 31st March 2023, the company has established 55 stores across various cities in Madhya Pradesh out of which 17 stores are owned and operated by the company. The rest of the 38 stores are operated through the franchisee model.
The company deals in the following product categories:
The competitive strength of the company includes:-
On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,009.46 | 7,782.37 | 6,563.49 |
| Total Income | 18,015.02 | 17,333.09 | 18,306.01 |
| Profit After Tax | 1,306.18 | -536.98 | -523.44 |
| Net Worth | 5,120.78 | -6,625.38 | -6,088.40 |
| Reserves and Surplus | 4,734.32 | -6,827.89 | -6,290.91 |
| Total Borrowing | |||
| Amount in ₹ Lakhs | |||
The market capitalization of On Door Concepts IPO is ₹117.49 Cr.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Augmenting additional working capital requirements
2. General Corporate Purpose
[Dilip Davda] The company posted losses for FY21 and FY22 which are still on the balance sheet. Hefty premiums collected for equity issues has helped it to post positive NAV. Based on annualized FY24 earnings, the issue appears greedily priced. The management is confident of improving numbers in coming years as it has become debt free. Well-informed/cash surplus investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | November 1, 2023 |
| BSE Script Code | |
| NSE Symbol | ONDOOR |
| ISIN | INE00ER01015 |
| Final Issue Price | ₹208 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹208.00 |
| Open | ₹214.00 |
| Low | ₹203.30 |
| High | ₹218.00 |
| Last Trade | ₹203.40 |
On Door Concepts Ltd.
Phoenix Corporate Park, First Floor,
Opp. Vrindawan Garden,
Hoshangabad Road,
Bhopal, Madhya Pradesh, 462026
Phone: +91 755 3511480
Email: cs@ondoor.com
Website: http://www.ondoor.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
On Door Concepts IPO is a SME IPO of 14,98,800 equity shares of the face value of ₹10 aggregating up to ₹31.18 Crores. The issue is priced at ₹208 per share. The minimum order quantity is 600.
The IPO opens on October 23, 2023, and closes on October 27, 2023.
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 On Door Concepts IPO using UPI as a payment gateway. Zerodha customers can apply in On Door Concepts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in On Door Concepts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The On Door Concepts IPO opens on October 23, 2023 and closes on October 27, 2023.
On Door Concepts IPO lot size is 600, and the minimum amount required for application is ₹1,24,800.
You can apply in On Door Concepts 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 On Door Concepts IPO will be done on Tuesday, October 31, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 1, 2023. Check the On Door Concepts IPO allotment status.
The On Door Concepts IPO listing date is on Wednesday, November 1, 2023.
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