March 28, 2024
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Omfurn India FPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Omfurn India FPO Latest updates:
The company will enter the market on 2oth March 2024 to raise funds.
What is the latest GMP of Omfurn India FPO?*
Latest GMP & Subject to rates: Click
Check Subscription status of Omfurn India FPO
On 22 March 2024 5.00 pm (Day 3) (Closed)
Review: Not so good subscription on last day
QIB: 1710000 Shares 1.00 T
NII: 513000 Shares 3.02 T
RII: 1197000 Shares 6.33 T
Total: 3420000 Shares 3.57 T
What is the business of Omfurn India ?
Omfurn India Limited is manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. It has been in business since November 13, 1997, which gives it a quarter-century of experience in this industry. Since then, it has been reaching remarkable milestones in creation and innovation. It creates a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture through customized, system-based, or turnkey projects PAN India, got listed at NSE SME in the year 2017.
The company deeply committed to its duty to nature and the planet Earth. It believes in providing environmentally sustainable products to protect its heritage for future generations. For this purpose, it is Green Building Certified and have completed Greenfield Projects in India.
Its manufacturing factory in Umbergaon has a total area of 1,61,460 sq. ft. to increase manufacturing capacity and began manufacturing of furniture for premium hotels. The factory is equipped with the latest CNC woodworking machine from Germany and Italy. It also has an in-house design facility that provides complete furniture solutions, keeping in mind constant evolutions in international designs.
Get more information about the company @ https://www.omfurnindia.com/
| Omfurn India IPO Details | |
| IPO opens on | 20 March 2024 |
| IPO closes on | 22 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3600000 Sh /Rs 27.00 Cr |
| * Fresh Issue | 3600000 Sh /Rs 27.00 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 180000 Sh. |
| Net offer to Public | 3420000 Sh./Rs.25.65 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 71-75 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2400 Shares |
| Listing will at | NSE SME |
| Shares offered in Omfurn India IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1710000 | 12.83 |
| NII (15%) | 513000 | 3.85 |
| RII (35%) | 1197000 | 8.98 |
| Total Shares | 3420000 | 25.65 |
| Retail portion will be oversubscribed by | 499 | |
| Forms | ||
| How much Shares to Apply in Omfurn India IPO? | ||
| Min Retail Application | 2400 Sh | Rs. 180000 |
| Min HNI Application | 4800 Sh | Rs.360000 |
Who are the Promoters of Omfurn India IPO?
Mr. Rajendra Chitbahal Vishwakarma, Mr. Mahendra Chitbahal Vishwakarma and Mr. Narendra Chitbahal Vishwakarma, Mr. Prashant Rajendra Vishwakarma and Mr. Parmanand Mahendra Vishwakarma are the company promoters.
What are the Objects of Omfurn India IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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 its 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.
| Omfurn India IPO Tentative timetable | |
| IPO opens on | 20 March 2024 |
| IPO Closes on | 22 March 2024 |
| IPO Allotment on | 26 March 2024 |
| Refund Initiation | 27 March 2024 |
| Credit of Shares | 27 March 2024 |
| Listing on | 28 March 2024 |
| Registered Office of the Company Omfurn India Limited 109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Mumbai – 400101, Maharashtra, India |
| Who is the Lead Manager of Omfurn India IPO? Gretex Corporate Services Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Omfurn India IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 21.85 | -0.99 | -1.22 | -4.74 |
| 2021-22 | 32.30 | 0.60 | 0.73 | 2.77 |
| 2022-23 | 71.08 | 4.15 | 5.08 | 16.12 |
| Book Value of the Share on | 31.03.2023 | Rs 31.49 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 75 | |||
| Omfurn India IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 14.76 |
| Price/BV Ratio | 2.38 |
| Upper price/BV after IPO | |
How Omfurn India IPO compares with the Peers?
There are no listed companies in India that engage in a business that is similar to that of this Company and are of the comparable size in the same industry that it operates.
# 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.
Omfurn India IPO To the point Guidance
Omfurn India Limited is manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. It has been in business since November 13, 1997, which gives it a quarter-century of experience in this industry. Since then, it has been reaching remarkable milestones in creation and innovation. It creates a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture through customized, system-based, or turnkey projects PAN India, got listed at NSE SME in the year 2017.
Size: The net size of the IPO is Rs. 25.65 Cr comprising of 3420000 shares. The HNI portion is just Rs.3.85 Cr and Retail portion is Rs. 8.98 Cr. The Retail portion will get oversubscribed with only 499 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company has shown sharp rise in the profits for the year 2022-23 (Rs. 4.15Cr) as compared to the loss of the year 2020-21 (Rs.99 lacs). Such rise raises eyebrows. The shares are offered at PE multiple of 14.76. This has been an existing listing company and its shares are quoted at around Rs. 82. Not so attractive.
Quicklinks
Omfurn India IPO GMP Detail IPO GMP today details?
Omfurn India IPO
Omfurn India IPO FAQs
What is Vishwas Agri Seeds IPO?
Omfurn India is a SME IPO of 3600000 equity shares of the face value of Rs. 10 aggregating up to Rs.25.80 Crores. The issue is priced at Rs.86 per share. The minimum order quantity is 1600 Shares.
When will Vishwas Agri Seeds IPO open?
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024.
What is the lot size of Vishwas Agri Seeds IPO?
Vishwas Agri Seeds IPO lot size is 1600 Shares, and the minimum amount required is Rs.137600.
How to apply for Vishwas Agri Seeds IPO?
You can apply in Vishwas Agri Seeds 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 Vishwas Agri Seeds IPO allotment?
The finalization of Basis of Allotment for Vishwas Agri Seeds IPO will be done on March 27, 2024, and the allotted shares will be credited to your demat account by March 28, 2024.
When is Vishwas Agri Seeds IPO listing date?
Vishwas Agri Seeds IPO listing date is April 01, 2024.
