Fixed Price IPO | ₹31 Cr | Listed at NSE SME
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Oct 23, 2023
IPO Close
Fri, Oct 27, 2023
Issue Price
₹208 per share
Market Cap (Pre-IPO)
₹117.49 Cr
| IPO Date | 23 to 27 Oct, 2023 |
| Listed on | Wed, Nov 1, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹208 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,98,800 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 86,400 shares Bhh Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Net Offered to Public | 14,12,400 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 41,49,812 shares |
| Share Holding Post Issue | 56,48,612 shares |
| NSE Symbol | ONDOOR |
| ISIN | INE00ER01015 |
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%) |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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:-
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 90.09 | 77.82 | 65.63 |
| Total Income | 180.15 | 173.33 | 183.06 |
| Profit After Tax | 13.06 | -5.37 | -5.23 |
| NET Worth | 51.21 | -66.25 | -60.88 |
| Reserves and Surplus | 47.34 | -68.28 | -62.91 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 20.43 |
| 2 | General Corporate Purposes | 7.24 |
| KPI | |
|---|---|
| ROE | 25.51% |
| ROCE | 50.90% |
| RoNW | 25.51% |
| PAT Margin | 7.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 56.77 | |
| P/E (x) | 4.56 | 87.76 |
| Promoter Holding | 51.92% | 38.14% |
| Market Cap | ₹117.49 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 2.90 |
| 2 | Advertising and marketing expenses | 0.40 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.10 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹208.00 |
| Open | ₹214.00 |
| Low | ₹203.30 |
| High | ₹218.00 |
| Last Trade | ₹203.40 |
Lead Manager Reports
On Door Concepts IPO is a SME IPO of 14,98,800 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹208 per share. The minimum order quantity is 600.
The IPO opens on Mon, Oct 23, 2023, and closes on Fri, Oct 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 Mon, Oct 23, 2023 and closes on Fri, Oct 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 Wed, Nov 1, 2023. Check the On Door Concepts IPO allotment status.
The On Door Concepts IPO listing date is on Wed, Nov 1, 2023.
