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OBSC Perfection IPO is a book built issue of Rs 66.02 crores. The issue is entirely a fresh issue of 66.02 lakh shares.
OBSC Perfection IPO opens for subscription on October 22, 2024 and closes on October 24, 2024. The allotment for the OBSC Perfection IPO is expected to be finalized on Friday, October 25, 2024. OBSC Perfection IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 29, 2024.
OBSC Perfection IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Unistone Capital Pvt Ltd is the book running lead manager of the OBSC Perfection IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for OBSC Perfection IPO is R.K.Stock Holding.
Refer to OBSC Perfection IPO RHP for detailed information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,602,400 shares (aggregating up to ₹66.02 Cr) |
| Fresh Issue | 6,602,400 shares (aggregating up to ₹66.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,850,000 |
| Share holding post issue | 24,452,400 |
| Market Maker portion | 333,600 shares R.K.Stock Holding |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
OBSC Perfection IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | Tuesday, October 22, 2024 |
| IPO Close Date | Thursday, October 24, 2024 |
| Basis of Allotment | Friday, October 25, 2024 |
| Initiation of Refunds | Monday, October 28, 2024 |
| Credit of Shares to Demat | Monday, October 28, 2024 |
| Listing Date | Tuesday, October 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 24, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
The Promoters of the Company are Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum, Omega Bright Steel and Components Private Limited, Omega Bright Steel Private Limited, ESS U Enterprises Private Limited and Bluwat AG.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering a wide range of precision engineering products, which are high-quality engineered parts for various end-user industries and regions.
OBSC Perfection manufactures a range of precision metal components including but not limited to cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housings; brass and aluminum, fork bolt, fasteners, connectors, ball pin, ball pin housing, flanges, male-female rings, dozing adapter. As of July 23, 2024, the company has a product portfolio of 24 products.
OBSC Perfection caters to Original Equipment Manufacturers (OEMs) who ultimately supply various components and parts to leading automobile manufacturers in India. In the non-automotive sector, the company supplies manufacturers in the defense, marine, and telecom infrastructure sectors.
The company has four manufacturing facilities, three of which are located in Pune, Maharashtra, a major automotive hub, namely Unit I (main manufacturing facility), Unit II, Unit IV, and one in Chennai, Tamil Nadu, another major automotive hub.
Competitive strengths
As of July 12, 2024, the company had 85 permanent employees.
OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,066.37 | 8,650.59 | 6,916.01 | 4,847.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,700.15 | 11,611.41 | 9,691.03 | 5,672.42 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 603.05 | 1,221.21 | 457.39 | 360.11 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,610.15 | 3,007.1 | 1,785.89 | 1,328.47 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,825.15 | 1,222.1 | 595.89 | 138.47 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4,967.82 | 4,147.25 | 3,340.48 | 1,897.54 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of OBSC Perfection IPO is Rs 244.52 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 40.61% |
| ROCE | 31.49% |
| Debt/Equity | 1.38 |
| RoNW | 40.61% |
| P/BV | 5.93 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.84 | 5.92 |
| P/E (x) | 14.62 | 16.89 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
OBSC Perfection Limited
6F, 6th Floor, M-6, Uppal Plaza,
Jasola District Centre,
South Delhi- 110025
Phone: 022-2697 2586
Email: abhishek@obscperfection.com
Website: https://www.obscperfection.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
OBSC Perfection IPO is a SME IPO of 6,602,400 equity shares of the face value of ₹10 aggregating up to ₹66.02 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on October 22, 2024, and closes on October 24, 2024.
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 OBSC Perfection IPO using UPI as a payment gateway. Zerodha customers can apply in OBSC Perfection IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in OBSC Perfection IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The OBSC Perfection IPO opens on October 22, 2024 and closes on October 24, 2024.
OBSC Perfection IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in OBSC Perfection IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for OBSC Perfection IPO will be done on Friday, October 25, 2024, and the allotted shares will be credited to your demat account by Monday, October 28, 2024. Check the OBSC Perfection IPO allotment status.
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