Omfurn India Limited (fpo)(Already Listed)
Mar 20, 2024 - Mar 22, 2024
| Price | ₹71 - ₹75 |
| Premium | ₹0 |
|---|---|
| Lot size | 2400 |
| Allotment | Mar 26, 2024 |
| Listing | Mar 28, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2400 | 180000 | 499 |
| HNI | 2 | 4800 | 360000 | 214 |
Last updated on 22-Mar-2024 17:00:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1173600 | 1178400 | 1 |
| NIB | 513600 | 1732800 | 3.37 |
| RETAIL | 1197600 | 7579200 | 6.33 |
| Total | 2884800 | 10490400 | 3.64 |
| Retail Apps | 3158 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.34 | @8% ₹0.39 | @9% ₹0.44 | @10% ₹0.48 | @11% ₹0.53 | @12% ₹0.58 |
Omfurn India FPO Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Augmenta Value Trust-Scheme I | 134400 | 25.11% | 1.01 |
| Saint Capital Fund | 400800 | 74.89% | 3.01 |
| Total | 535200 | 100.00% | 4.01 |
Omfurn India FPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.27% | 1197600 |
| Hni | 14.27% | 513600 |
| Qib | 32.60% | 1173600 |
| Anchor | 14.86% | 535200 |
| Market Maker | 5.00% | 180000 |
| Total | 100.00% | 3600000 |
Omfurn India Limited stands out as a reputable manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture since its establishment in 1997. With a diverse product portfolio that includes wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities, and Modern Office settings, the company caters to a wide range of customer needs in the Indian market. Beyond its standard offerings, Omfurn India also specializes in designing, manufacturing, and installing custom furniture, as well as executing turnkey interior projects across various sectors such as hotels, residential spaces, offices, shopping malls, hospitals, IT parks, international schools, and more. Notably, the company's listing on the NSE SME in 2017 underscores its commitment to growth and expansion within the industry. Supported by a robust manufacturing facility spanning 1,61,460 square feet in Umbergaon, Omfurn India Limited maintains high-quality standards and efficient production processes, ensuring customer satisfaction and market competitiveness.
Omfurn India FPO Details
| Issue Size | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,174,400 |
| Share holding post issue | 11,774,400 |
| Market Maker portion | 180,000 shares Gretex Share Broking |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 10.10% | 16.12% | 2.77% |
| ROCE | 10.28% | 19.36% | 5.39% |
| RONW | 10.10% | 16.12% | 2.77% |
| EPS (basic & diluted) | 3.54 | 5.08 | 0.73 |
| P/BV | 2.14 | ||
| P/E (Pre IPO) | 14.78 |
Company Financials
Omfurn India Limited FPO Financial Information (Restated)
Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 6,825.97 | 5,716.59 | 4,766.30 | 4,665.35 |
| Revenue | 4,474.78 | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit | 289.16 | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves | 2,181.75 | 1,892.59 | 1,477.72 | 1,417.91 |
| Borrowing | 1,890.41 | 1,138.10 | 1,595.16 | 1,585.99 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Experienced Management and Motivated Team: The company benefits from a leadership team with extensive industry experience and a motivated workforce. This ensures effective decision-making, strategic planning, and the ability to adapt to market changes swiftly.
Skilled and Dedicated Manpower: The company boasts a workforce characterized by skilled individuals dedicated to their roles. This results in high productivity, efficiency, and the ability to innovate, contributing to overall company success.
Compliance with Quality Standards: The Company adheres strictly to quality standards, ensuring that its products meet or exceed industry benchmarks. This commitment enhances customer trust, loyalty, and satisfaction, ultimately leading to repeat business and positive brand reputation.
Risk Factors
Lack of Long-Term Agreements with Customers: The absence of long-term agreements with customers for purchasing products exposes the company to uncertainties in demand. There's a risk that customers may opt for alternative suppliers or reduce their purchases, affecting the company's revenue and profitability.
Leased and Licensed Premises: The company's registered office and other places of business are located on leased and licensed premises, subjecting them to compliance requirements outlined in lease and license agreements. Any failure to comply with these agreements could result in legal issues, disruption of operations, or even loss of premises, impacting business continuity.
Delays in Payment of Statutory Dues: Instances of delays in payment of statutory dues, such as GST and EPF, expose the company to regulatory scrutiny, monetary penalties, and punitive actions by regulatory authorities. Continued delays could strain the company's financial resources, damage its credibility, and result in adverse impacts on business operations.
Bigshare Services Pvt Ltd
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Email: ipo@bigshareonline.com
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