Omfurn India Limited FPO

Price
₹71 - ₹75
Lot
2400
Subs.
3.57
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 20-Mar-2024
Close Date: 22-Mar-2024
Allotment Date: 26-Mar-2024
Listing Date: 28-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹71-75 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹180,000 : HNI - ₹360,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved1,173,600513,6001,197,6002,884,800
Day 1 - 20-03-24 
05:00 PM
0.00x0.43x0.76x0.39x
Day 2 - 21-03-24 
05:00 PM
1.00x0.32x2.81x1.63x
Day 3 - 22-03-24 
05:00 PM
1.00x3.02x6.33x3.57x
Total No. of Application:3,158 (Approx.)
Retail Subscription on the basis of Apps:6.33x
Valuations

Earning Per Share(EPS)5.08/-
P/E Ratio14.78
RoNW10.10%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20236,825.974,474.78289.16
31 Mar,20235,716.597,108.10414.87
31 Mar,20224,766.303,229.7959.81
31 Mar,20214,665.352,184.54-99.41
Promoter(s)

Pre Issue Share Holding73.40%
Post Issue Share Holding50.96%
Company Promoter(s)
1. Mr. Rajendra Chitbahal Vishwakarma
2. Mr. Mahendra Chitbahal Vishwakarma
3. Mr. Narendra Chitbahal Vishwakarma
4. Mr. Prashant Rajendra Vishwakarma
5. Mr. Parmanand Mahendra Vishwakarma
Issue Objective(s)

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.

About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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