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:-
- 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.
- Ondoor follows the policy of "Everyday Low Price" to give a convenient shopping experience to its target customer base.
- 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 IngleIPO Details
| IPO Opening Date | Oct 23, 2023 |
| IPO Closing Date | Oct 27, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹208 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE 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 Date | Oct 23, 2023 |
| IPO Close Date | Oct 27, 2023 |
| Basis of Allotment Date | Nov 01, 2023 |
| Initiation of Refunds | Nov 02, 2023 |
| Credit of Shares to Demat Account | Nov 03, 2023 |
| IPO Listing Date | Nov 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹124800 |
| Maximum | 1 | 600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 51.92% |
| Post Issue Share Holding | 38.14% |
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
