Omfurn India Ltd
Price Range
₹71 - ₹75
Min. Quantity
2,400
Closes on
22 March 2024
Min. investment
₹1,80,000/2,400 Shares
Omfurn India Ltd IPO Timeline
Omfurn India Limited was incorporated as a Private Limited Company with the name Om Vishwakarma Furniture Private Limited' on November 13, 1997. Subsequently, the name of the Company was changed to Omfurn India Private Limited' on April 21, 2013. Later on, the Company was converted into Public Limited Company and the name of the Company was changed to 'Omfurn India Limited' on June 15, 2017.
| Event | Date |
|---|---|
| Omfurn India Ltd IPO Opening Date | 20 March 2024 |
| Omfurn India Ltd IPO Closing Date | 22 March 2024 |
| Basis of Allotment | 26 March 2024 |
| Initiation of Refunds | 27 March 2024 |
| Credit of Shares to Demat | 27 March 2024 |
| Omfurn India Ltd IPO Listing Date | 28 March 2024 |
Omfurn India Ltd IPO Details
| Omfurn India Ltd IPO Date | 20 March 2024 to 22 March 2024 |
| Omfurn India Ltd IPO Face Value | ₹10 per share |
| Omfurn India Ltd IPO Price | ₹71 to ₹75 per share |
| Omfurn India Ltd IPO Lot Size | 2,400 |
| Issue Size | Shares of ₹10 (aggregating up to ₹27 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹27 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajendra Chitbahal Vishwakarma, Mahendra Chitbahal Vishwakarma, Narendra Chitbahal Vishwakarma |
Omfurn India Ltd IPO Lot Size
The Omfurn India Ltd IPO lot size is 2,400 shares. A retail-individual investor can apply for up to 1 lots (2,400 shares or ₹1,80,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,400 | ₹1,80,000 |
| Maximum | 1 | 2,400 | ₹1,80,000 |
- Strengths
- Risks
- Opportunities
- Experienced Management and Motivated Team.
- Skilled and dedicated manpower.
- Range of Product Offerings.
- Compliance with Quality Standards.
- Existing customer relationship.
- Strong & Long term relationship with its Clients.
Company Financials
Omfurn India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 84.3 | 81.38 | 3.66 |
| 03-2023 | 57.18 | 71.08 | 3.91 |
| 03-2022 | 47.67 | 32.3 | 0.68 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards installation or plant & machinery in its existing premises along with required civil electric and fabrication work
- Repayment/prepayment in full or part of certain borrowings availed by the company
- Funding working capital requirements of the company
- General corporate purposes
Omfurn India Ltd IPO Promoter Holding
| Pre Issue Share Holding | 20.55% |
| Post Issue Share Holding | 14.27% |
Omfurn India Ltd IPO Subscription Status (Bidding Detail)
The Omfurn India Ltd IPO is subscribed 2.914 times on 22 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 2.914 |
Omfurn India Ltd IPO Prospectus
Omfurn India Ltd IPO Listing Date
| Listing Date | 28 March 2024 |
| BSE Script | 535024 |
| NSE Symbol | OMFURN |
| Listing In | NSE - SME |
| ISIN | INE338Y01016 |
| IPO Price | ₹75 |
| Face Value | ₹10 |
Company Contact Information
109 Gundecha Indl. ComplexAkrurali Road Kandivali (East),Mumbai-400101
Phone: 91-22-4210 8900
Email: omfurn@omfurnindia.com
Website: www.omfurnindia.com
Omfurn India Ltd IPO Registrar
Omfurn India Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
FAQ
What is the issue size of Omfurn India Ltd IPO?
I have pre-applied for Omfurn India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.