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Omfurn India FPO is a book built issue of Rs 27.00 crores. The issue is entirely a fresh issue of 36 lakh shares.
Omfurn India FPO bidding started from March 20, 2024 and ended on March 22, 2024. The allotment for Omfurn India FPO was finalized on Tuesday, March 26, 2024. The shares got listed on NSE SME on March 28, 2024.
Omfurn India FPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 2400 Shares. The minimum amount of investment required by retail investors is ₹180,000. The minimum lot size investment for HNI is 2 lots (4,800 shares) amounting to ₹360,000.
Gretex Corporate Services Limited is the book running lead manager of the Omfurn India FPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Omfurn India FPO is Gretex Share Broking.
Refer to Omfurn India FPO RHP for detailed information.
| IPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | March 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 2400 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,174,400 |
| Share holding post issue | 11,774,400 |
| Market Maker portion | 180,000 shares Gretex Share Broking |
Omfurn India FPO offers 3,600,000 shares. 1,173,600 (32.60%) to QIB, 513,600 (14.27%) to NII, 1,197,600 (33.27%) to RII and 535,200 (14.87%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 535,200 (14.87%) |
| Market Maker Shares Offered | 180,000 (5.00%) |
| QIB Shares Offered | 1,173,600 (32.60%) |
| 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 FPO raises Rs 4.01 crore from anchor investors. Omfurn India FPO Anchor bid date is March 19, 2024. Omfurn India FPO Anchor Investors list
| Bid Date | March 19, 2024 |
| Shares Offered | 535,200 |
| Anchor Portion Size (In Cr.) | 4.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 24, 2024 |
Omfurn India FPO opens on March 20, 2024, and closes on March 22, 2024.
| IPO Open Date | Wednesday, March 20, 2024 |
| IPO Close Date | Friday, March 22, 2024 |
| Basis of Allotment | Tuesday, March 26, 2024 |
| Initiation of Refunds | Wednesday, March 27, 2024 |
| Credit of Shares to Demat | Wednesday, March 27, 2024 |
| Listing Date | Thursday, March 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2024 |
Investors can bid for a minimum of 2400 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 | 2400 | ₹180,000 |
| Retail (Max) | 1 | 2400 | ₹180,000 |
| HNI (Min) | 2 | 4,800 | ₹360,000 |
| Lot Size Calculator | |||
The company's promoters are Mr. Rajendra Chitbahal Vishwakarma, Mr. Mahendra Chitbahal Vishwakarma, Mr. Narendra Chitbahal Vishwakarma, Mr. Prashant Rajendra Vishwakarma and Mr. Parmanand Mahendra Vishwakarma.
| Share Holding Pre Issue | 73.40% |
| Share Holding Post Issue | 50.96% |
Incorporated in 1997, Omfurn India Limited is a manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. The company offers a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture.
Omfurn India also designs, manufactures and installs custom furniture and designs and executes turnkey interior projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire-rated doors.
The company was listed in NSE SME in the year 2017.
Omfurn India Limited's manufacturing factory is located in Umbergaon and has a total area of 1,61,460 sq. ft.
As of November 30, 2023, the company had 221 employees, consisting of administrative staff, skilled workers, semi-skilled and unskilled employees.
Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,825.97 | 5,716.59 | 4,766.30 | 4,665.35 |
| Revenue | 4,474.78 | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit After Tax | 289.16 | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves and Surplus | 2,181.75 | 1,892.59 | 1,477.72 | 1,417.91 |
| Total Borrowing | 1,890.41 | 1,138.10 | 1,595.16 | 1,585.99 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Omfurn India FPO is Rs 88.31 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 10.10% |
| ROCE | 10.28% |
| RoNW | 10.10% |
| P/BV | 2.14 |
| PAT Margin (%) | 7 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.08 | 4.91 |
| P/E (x) | 14.78 | 15.27 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
(1) Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work;
(2) Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
(3) Funding to meet working capital requirements; and
(4) General corporate purposes.
[Dilip Davda] The company is engaged in the pre-finished wooden doors and modular furniture manufacturing and marketing. This segment is highly competitive and fragmented. Its financial performance has been average. However, sudden boost in its top and bottom lines from FY23 onward raise eyebrows and concern over its sustainability. There are many listed companies in this segment, but surprisingly the company has not considered any peers for comparison. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
The Omfurn India FPO is subscribed 3.57 times on March 22, 2024 6:21:00 PM. The public issue subscribed 6.33 times in the retail category, 1.00 times in the QIB category, and 3.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 3.02 |
| Retail | 6.33 |
| Total | 3.57 |
Total Application : 3,158 (6.33 times)
| Listing Date | March 28, 2024 |
| BSE Script Code | |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹76.60 |
| ₹76.60 |
| ₹76.60 |
| ₹76.60 |
Omfurn India Limited
109, Gundecha Industrial Complex,
Akrurali Road, Kandivali (East),
Mumbai - 400101, Maharashtra, India
Phone: +91-2242108900
Email: omfurn@omfurnindia.com
Website: https://www.omfurnindia.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Omfurn India FPO is a SME FPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹27.00 Crores. The issue is priced at ₹71 to ₹75 per share. The minimum order quantity is 2400 Shares.
The FPO opens on March 20, 2024, and closes on March 22, 2024.
Bigshare Services Pvt Ltd is the registrar for the FPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Omfurn India FPO using UPI as a payment gateway. Zerodha customers can apply in Omfurn India FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Omfurn India FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Omfurn India FPO opens on March 20, 2024 and closes on March 22, 2024.
Omfurn India FPO lot size is 2400 Shares, and the minimum amount required is ₹180,000.
You can apply in Omfurn India FPO 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 Omfurn India FPO will be done on Tuesday, March 26, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 27, 2024. Check the Omfurn India FPO allotment status.
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NSE Code:-120
Symbol:-OMFURN
Group:-ST
ISIN:-INE338Y01016
Issue Price:-75/-
Market Lot:-2400 Shares
Face Value:-10/-
Listing At:-NSE SME