Omfurn India Ltd

Miscellaneous

Offer Period :

20th to 3rd Mar 2024

Established in 1997, Omfurn India Ltd manufactures pre-finished wooden doors, modular furniture, and offers custom designs for various spaces. Listed on NSE SME in 2017,. Read more... it operates from a 1,61,460 sq. ft. factory in Umbergaon with 221 employees as of November 30, 2023.Read less

Omfurn India Ltd IPO Details

IPO Date 20th to 3rd Mar 2024 Minimum Investment ₹180000 / 1 Lots
Listing Date 2024-03-28 Maximum Investment ₹180000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹27 Crores
Price ₹75 to ₹75 per share Fresh Issue ₹27 Crores
Lot Size 1 Lots (2400 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 20th to 3rd Mar 2024
Listing Date 2024-03-28
Face Value ₹10 per share
Price ₹75 to ₹75 per share
Lot Size 1 Lots (2400 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹180000 / 1 Lots
Maximum Investment ₹180000 / 1 Lots
Total Issue Size ₹27 Crores
Fresh Issue ₹27 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

20th Mar

IPO Starts

22nd Mar

IPO Ends

26th Mar

Allotment Date

27th Mar

Initiation of Refund

27th Mar

Credit of Shares to Demat Account

28th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 53.58 37.2
Public Group 46.42 62.8

Omfurn India Ltd IPO Reservation

QIB Shares Offered 684000(19%)
NII (HNI) Shares Offered 513600(14.27%)
Retail Shares Offered 1197600(33.27%)
Anchor Investor Shares Offered 1024800(28.47%)
Total Shares Offered 3600000
Total Shares With Anchor Investor 3600000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Omfurn India Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Omfurn India Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

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Omfurn India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Omfurn India Ltd

1. Experienced Management and Motivated Team.

2. Skilled and dedicated manpower.

3. Range of Product Offerings.

4. Compliance with Quality Standards.

5. Existing customer relationship.

6. Strong & Long term relationship with its Clients.

Risks Involved

1. Substantial portion of its revenues come from the manufacturing of doors.

2. The company proposes to enter into new products viz. metal doors to be supplied to the construction and hotel industry. Its may fail to generate new clients for these products and sell in these industries due to competition and other commercial factors.

3. The Company has not entered into any long-term agreements with its customers for purchasing our products. The company is subject to uncertainties in demand and there is no assurance that its customers will continue to purchase the company products. This could impact the business and financial performance of the Company.

4. Its Showroom/ Registered Office and Godown are located on leased and licensed premises and consequently, its required to comply with certain requirements given under lease and license agreements.

5. Its customers expect the company to maintain high quality standards and any failure by it to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.

6. Its manufacturing unit are situated in Gujarat at Umbergaon GIDC and its operations may be affected by various factors associated with the region where the company operate.

7. If the company is unable to successfully implement its proposed expansion plans, its results of operations and financial condition could be adversely affected.

8. The company has substantial working capital requirements. Its inability to obtain and / or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet its requirements of working capital or payment of the company debts, could adversely affect its operations.

9. The company may not be able to adequately protect or continue to use its intellectual property. The reputation of its brand "OMFURN" may be diluted if low quality counterfeit products under its brand name are sold in the company's markets.

10. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Omfurn India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-28 535024 OMFURN
INE338Y01016
₹75 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹75 ₹75
Open ₹0 ₹76.6
Low ₹0 ₹76.6
High ₹0 ₹76.6
Low ₹0 ₹76.6

Frequently Asked Questions

What is Omfurn India Ltd IPO?

Answer Field

Omfurn India Ltd IPO is a SME IPO of 36,00,000 equity shares of a face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹75 to ₹75 per share. The minimum order quantity is 2400 Shares. The IPO opens on March 20, 2024, and closes on March 22, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Omfurn India Ltd IPO will open?

Answer Field

The Omfurn India Ltd IPO opens on March 20, 2024 and closes on March 22, 2024.

What is the lot size of Omfurn India Ltd?

Answer Field

Omfurn India Ltd lot size is 2400 shares, and the minimum amount required is ₹1,80,000.

How to apply for Omfurn India Ltd IPO?

Answer Field

You can apply in Omfurn India Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Omfurn India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Omfurn India Ltd IPO will be done on March 26, 2024, and the allotted shares will be credited to your demat account by March 27, 2024.

When is Omfurn India Ltd IPO listing date?

Answer Field

The Omfurn India Ltd listing date is March 28, 2024.

Who is the registrar of Omfurn India Ltd IPO?

Answer Field

The registrar of Omfurn India Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Gretex Corporate Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Omfurn India Ltd IPO?

Answer Field

The fresh issue size is ₹27 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Omfurn India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2400 shares and ₹1,80,000 amount.

How can I approve the UPI mandate request for Omfurn India Ltd IPO?

Answer Field

To apply for Omfurn India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Omfurn India Ltd?

Answer Field

The price of each Omfurn India Ltd share will be ranging in between ₹75 to ₹75 per share.

What is the cut-off time for the UPI mandate for Omfurn India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 22, 2024.

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