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On Door Concepts Limited IPO Detail

On Door Concepts Limited IPO Detail

Incorporated in December 2014, Ondoor Concepts is an e-commerce website catering to the needs of grocery and home essentials. In Jan 2015, the company opened its first store in Bhopal, Madhya Pradesh. As of 31st March 2023, the company has established 55 stores across various cities in Madhya Pradesh out of which 17 stores are owned and operated by the company. The rest of the 38 stores are operated through the franchisee model.

The company deals in the following product categories:

  • Food category includes groceries, fruits & vegetables, beverages dairy products and confectionery
  • Next comes FMCG i.e fast moving consumer goods involving personal care and toiletries and other over-the-counter products.
  • Lastly, general merchandise includes crockery, plastic items, daily necessities etc.

The competitive strength of the company includes:-

  1. E-tailing business including Android and IOS Application, web portal and telephonic orders backed up by backhand logistics to deliver the order at the customer's doorstep.
  2. Ondoor follows the policy of "Everyday Low Price" to give a convenient shopping experience to its target customer base.
  3. Reasonable pricing across all product categories and all product ranges rather than on particular day of the week.

Company Promoters

NSB BPO Solutions Private Limited, Mr. Narendra Singh Bapna, Mr. Pramod Ramdas Ingle, Mrs. Swati Bapna and Mrs. Vaishali Ingle

IPO Details

IPO Opening DateOct 23, 2023
IPO Closing DateOct 27, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹208 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtNSE SME
Issue Size₹31.18 Cr
Fresh Issue₹31.18 Cr
Offer for Sale-
Retail Portion 50%

IPO Tentative Timetable

The On Door Concepts Limited IPO open date is Oct 23, 2023, and the close date is Oct 27, 2023. The issue may list on Nov 06, 2023.

IPO Open DateOct 23, 2023
IPO Close DateOct 27, 2023
Basis of Allotment DateNov 01, 2023
Initiation of RefundsNov 02, 2023
Credit of Shares to Demat AccountNov 03, 2023
IPO Listing DateNov 06, 2023

IPO Lot Size

The On Door Concepts Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹124800).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding51.92%
Post Issue Share Holding38.14%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 9009.46 18015.02 1306.18
31-Mar-22 7782.37 17333.09 -536.98
31-Mar-23 6563.49 18306.01 -523.44

Objects of the Issue:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Augmenting additional working capital requirements
2. General Corporate Purpose

On Door Concepts Limited IPO Registrar:

Bigshare Services Pvt Ltd

On Door Concepts Limited IPO Lead Manager(s):

First Overseas Capital Limited

Company Contact Information:

On Door Concepts Limited

Phoenix Corporate Park, First Floor,

Opp. Vrindawan Garden,

Hoshangabad Road Bhopal, 462026