October 29, 2024
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OBSC Perfection IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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OBSC Perfection Listing Review
On 29th October 2024, the IPO is listed at Rs. 110, premium of 10% over the issue price. The listing has been as per the expectations of the grey market.
OBSC Perfection IPO allotment Link
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Subscription status of OBSC Perfection IPO
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OBSC Perfection Limited IPO (Closed) Price Rs. 100 Lot 1200 shares, Rs. 66.02 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 10.20 | 25.87 | 16.20 | 16.56 | 29,617 (16.20x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of OBSC Perfection?
Overview
Founded in 2017, OBSC Perfection Limited specializes in the manufacturing of precision metal components, delivering high-quality engineered products tailored for diverse industries worldwide.
Product Range
OBSC Perfection offers an extensive portfolio of precision metal components, including:
- Cut blanks
- Shafts and splines
- Torsion bars
- Piston rods
- Semi-finished rack bars
- Pinions
- Drive shafts
- Gear shifters
- Cable end fittings
- Sensor bosses
- Sleeves
- Push plates
- Hubs and housings
- Brass and aluminum components
- Fork bolts
- Fasteners
- Connectors
- Ball pins and ball pin housings
- Flanges
- Male-female rings
- Dozing adapters
As of July 23, 2024, our product line includes 24 distinct offerings designed to meet the needs of our clients.
Target Industries
OBSC Perfection primarily serves Original Equipment Manufacturers (OEMs) that supply components to leading automobile manufacturers in India. In addition to the automotive sector, we also cater to manufacturers in the defense, marine, and telecom infrastructure industries.
Manufacturing Facilities
Our operations span four state-of-the-art manufacturing facilities: three in Pune, Maharashtra—an automotive hub—and one in Chennai, Tamil Nadu. Our main manufacturing facility is located at Unit I, complemented by Units II and IV in Pune, ensuring robust production capabilities to meet customer demands.
For high-quality precision metal components, choose OBSC Perfection Limited—where excellence meets engineering.
Get more information about the company @ https://www.obscperfection.com/
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OBSC Perfection IPO Details |
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| IPO opens on | 22 October 2024 |
| IPO closes on | 24 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6602400 Shares / Rs 66.02 Crore |
| * Fresh Issue | 6602400 Shares / Rs 66.02 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 333,600 Shares |
| Net offer to Public | 6268800 Shares/ Rs. Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.95-100 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 3134400 | 31.34 |
| NII (15%) | 940320 | 9.40 |
| RII (35%) | 2194080 | 21.94 |
| Total Shares | 6268800 | 62.68 |
| Retail portion will be oversubscribed by |
1828 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.120000 |
| Min HNI Application | 2400 Shares | Rs.240000 |
Who are the Promoters of OBSC Perfection?
The Promoters of the Company are Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum, Omega Bright Steel and Components Private Limited, Omega Bright Steel Private Limited, ESS U Enterprises Private Limited and Bluwat AG.
What are the Objects of OBSC Perfection IPO?
The Offer comprises of fresh issue of shares
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit III”) at No. 126, Mappedu Village, Sriperumbudhur Taluka-Mappedu, Thiruvallur631402, Tamil Nadu, India. (“Proposed Expansion at Unit III”);
- Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit IV”) at Gat no. 417, Nighoje, Near Hotel Maha Laxmi and Mess, Nighoje, Chakan, Taluka-Khed, Pune-410501, Maharashtra, India. (“Proposed Expansion at Unit IV”);
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 22 October 2024 |
| IPO Closes on | 24 October 2024 |
| IPO Allotment on | 25 October 2024 |
| Refund Initiation | 28 October 2024 |
| Credit of Shares | 28 October 2024 |
| Listing on | 29 October 2024 |
| Registered Office of the Company OBSC Perfection Limited 6F, 6th Floor, M-6, Uppal Plaza, Jasola District Centre, South Delhi- 110025 |
| Who is the Lead Manager of this IPO? Unistone Capital Pvt ltd |
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Who is the Registrar to IPO? |
OBSC Perfection IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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OBSC Perfection IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 56.72 | 3.60 | – | |
| 2022-23 | 96.91 | 4.57 | – | |
| 2023-24 | 116.11 | 12.21 | 6.84 | |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 100 | ||
IPO
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| Price/EPS of 23-24 | 14.62 |
| Price/BV Ratio | 5.93 |
| Price/BV after IPO | |
How OBSC Perfection IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| OBSC Perfection | 14.62 | ||
| RACL Geartech | 26.58 | ||
| Talbros Automotive | 17.58 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
OBSC Perfection IPO Review
Founded in 2017, OBSC Perfection Limited specializes in the manufacturing of precision metal components, delivering high-quality engineered products tailored for diverse industries worldwide.
Size: Net size of the IPO is Rs.62.69 crore, comprising of 62,68,800 shares. IPO size is somewhat large considering the recent trends. With 1828 applications, retail portion can get one time subscribed
Financial Snapshot: In the fiscal year 2023-24, just prior to the IPO, the company reported a net profit of Rs.21.94 crore on total income of Rs.116.11 crore. In contrast, during the fiscal year 2021-22, the company earned a net profit of Rs.3.60 crore on total income of Rs.56.72 crore. This sharp increase in profits for 2023-24 raises questions and warrants closer examination.
+ from fundamental angle: Not so attractive
+ from grey market angle: ?
Quicklinks
OBSC Perfection IPO GMP today allotment, review?
OBSC Perfection IPO GMP grey market premium
OBSC Perfection IPO FAQs
What is OBSC Perfection IPO?
This is a SME IPO of 66,02,400 equity shares of the face value of Rs. 10 aggregating up to Rs.66.02 Crores. The issue is priced at Rs.95-100 per share. The minimum order quantity is 1200 Shares.
When will OBSC Perfection IPO subscription open?
OBSC Perfection IPO opens on October 22, 2024, and closes on October 24, 2024.
What is the lot size of OBSC Perfection IPO?
OBSC Perfection IPO lot size is 1200 Shares, and the minimum amount required is Rs.120,000
How to apply for OBSC Perfection IPO?
You can apply in OBSC Perfection IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is OBSC Perfection IPO allotment?
The finalization of Basis of Allotment for OBSC Perfection IPO will be done on October 25, 2024, and the allotted shares will be credited to your demat account by October 28, 2024.
When is OBSC Perfection IPO listing date?
OBSC Perfection IPO listing date is October 29, 2024.
