Omfurn India Limited FPO
NSE SMEListed On: Mar 28, 2024 at ₹ 76.6
₹ 360000 /4800 Shares
*Min Investment
20 Mar, 2024
Open Date22 Mar, 2024
Close Date26 Mar, 2024
Allotment Date28 Mar, 2024
Listing DateOmfurn India Limited FPO IPO Issue Details
- Issue Price ₹71-75 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 36,00,000 shares(aggregating up to ₹27 crore)
- Fresh Share 36,00,000 shares(aggregating up to ₹27 crore)
- Listing at NSE SME
- List Price 76.6
- Listing Date 2024-03-28
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2400 | ₹1,80,000 |
| Retail(max) | 1 | 2400 | ₹1,80,000 |
| NII (min) | 2 | 4,800 | ₹3,60,000 |
Omfurn India Limited FPO IPO Reservation
Omfurn India Limited FPO IPO offers total 3,600,000 shares. Out of which 1,173,600 (32.6%) allocated to QIB, 513,600 (14.27%) allocated to NII,1,197,600 (33.27%) allocated to RII, NA (NA%) allocated to employees and 535,200 (14.87%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 535,200 (14.87%) | |
| Market Maker Shares Offered | 180,000 (5%) | |
| QIB Shares Offered | 1,173,600 (32.6%) | |
| NII (HNI) Shares Offered | 513,600 (14.27%) | |
| Retail Shares Offered | 1,197,600 (33.27%) | |
| Total Shares Offered | 3,600,000 (100%) |
Omfurn India Limited FPO IPO Details
Omfurn India Limited FPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 36,00,000 equity shares, aggregating up to ₹27 crores..
The IPO bidding window is open from Mar 20, 2024 to Mar 22, 2024. The allotment is expected to be finalized on Mar 26, 2024, and the tentative listing date is Mar 28, 2024.
The minimum lot size for Retail investors is 2400 shares, with a minimum investment of ₹1,80,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 3,60,000.
Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Omfurn India Limited FPO IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,173,600 / 513,600 | 1,197,600 | 2,884,800 |
Day 1 20-03-24 06:00 PM | 0.00 / 0.43 x | 0.76 x | 0.39 x |
Day 2 21-03-24 06:00 PM | 1.00 / 0.32 x | 2.81 x | 1.63 x |
Day 3 22-03-24 06:00 PM | 1.00 / 3.02 x | 6.33 x | 3.57 x |
Omfurn India Limited FPO Valuations
Omfurn India Limited FPO Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,716.59 | 4,766.30 | 4,665.35 |
| Revenue | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit After Tax | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves & Surplus | 1,892.59 | 1,477.72 | 1,417.91 |
| Total Borrowing | 1,138.10 | 1,595.16 | 1,585.99 |
About Omfurn India Limited FPO Company
Omfurn India Limited is incorporated in 1997. It manufactures and supplies Pre-Finished Wooden Doors and Modular Furniture in India. The company is offering a comprehensive range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities, and Modern Office furniture.
Omfurn India undertakes the design, manufacture, and installation of custom furniture and also takes up turnkey interior projects in hotels, residential apartments, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire-rated doors.
The company was enlisted as an NSE SME in the year 2017.
The company's manufacturing factory at Umbergaon has a total area covered under 1,61,460 square feet.
By 30 November 2023, the company had a total of 221 employees that included administrative staff, skilled workers, semi-skilled, and unskilled employees.
Omfurn India Limited FPO - Promoter(s)
Mr. Rajendra Chitbahal Vishwakarma, Mr. Mahendra Chitbahal Vishwakarma and Mr. Narendra Chitbahal Vishwakarma, Mr. Prashant Rajendra Vishwakarma and Mr. Parmanand Mahendra Vishwakarma
Pre Issue Share Holding : 73.40%
Post Issue Share Holding : 50.96%
Omfurn India Limited FPO IPO - Issue Objectives
Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company
Funding to meet working capital requirements
General corporate purposes.
Contact Details
Omfurn India Limited FPO
109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Mumbai - 400101, Maharashtra
+91-2242108900
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Omfurn India Limited FPO IPO - FAQs
Ans. Omfurn India Limited FPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 2400 Shares. The IPO opens on Mar 20, 2024, and closes on Mar 22, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Omfurn India Limited FPO opens on Mar 20, 2024 and closes on Mar 22, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Omfurn India Limited FPO is 3,600,000 shares(aggregating up to ₹27.00 Cr).
Ans. The Omfurn India Limited FPO price band is set between ₹71-75 per equity share.
Ans. To apply for Omfurn India Limited FPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Omfurn India Limited FPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Omfurn India Limited FPO is Mar 26, 2024.
Ans. The Omfurn India Limited FPO will be listed on Mar 28, 2024.
Ans. Follow the steps to check the Omfurn India Limited FPO allotment status online.
