Omfurn India Limited FPO IPO Detail
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.
Company Promoters
Mr. Rajendra Chitbahal Vishwakarma, Mr. Mahendra Chitbahal Vishwakarma and Mr. Narendra Chitbahal Vishwakarma, Mr. Prashant Rajendra Vishwakarma and Mr. Parmanand Mahendra VishwakarmaIPO Details
| IPO Opening Date | Mar 20, 2024 |
| IPO Closing Date | Mar 22, 2024 |
| Issue Type | Book Built Issue FPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 2400 Shares |
| Min Order Quantity | 2400 Shares |
| Listing At | NSE SME |
| Issue Size | ₹27.00 Cr |
| Fresh Issue | ₹27.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.43x | 0.76x | 0.39x |
| Day 2 | 1.00x | 0.00x | 0.00x | 0.32x | 2.81x | 1.63x |
| Day 3 | 1.00x | 0.00x | 0.00x | 3.02x | 6.33x | 3.57x |
IPO Tentative Timetable
The Omfurn India Limited FPO IPO open date is Mar 20, 2024, and the close date is Mar 22, 2024. The issue may list on Mar 28, 2024.
| IPO Open Date | Mar 20, 2024 |
| IPO Close Date | Mar 22, 2024 |
| Basis of Allotment Date | Mar 26, 2024 |
| Initiation of Refunds | Mar 27, 2024 |
| Credit of Shares to Demat Account | Mar 27, 2024 |
| IPO Listing Date | Mar 28, 2024 |
IPO Lot Size
The Omfurn India Limited FPO IPO market lot size is 2400 shares. A retail-individual investor can apply for up to 1 lots (2400 shares or ₹180000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2400 | ₹180000 |
| Maximum | 1 | 2400 | ₹180000 |
IPO Promoter Holding
| Pre Issue Share Holding | 73.40% |
| Post Issue Share Holding | 50.96% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4665.35 | 2184.54 | -99.41 |
| 31-Mar-22 | 4766.30 | 3229.79 | 59.81 |
| 31-Mar-23 | 5716.59 | 7108.10 | 414.87 |
| 30-Sep-23 | 6825.97 | 4474.78 | 289.16 |
Objects of the Issue:
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.
Omfurn India Limited FPO IPO Registrar:
Bigshare Services Pvt Ltd
Omfurn India Limited FPO IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
Omfurn India Limited FPO
109, Gundecha Industrial Complex,
Akrurali Road, Kandivali (East),
Mumbai - 400101, Maharashtra, India
