Omfurn India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Omfurn India

CMP

66.95

+1.95 (3.00%)

  • DRHP
₹75

Offer Price

₹ 27.00 Cr

Issue Size

₹ 1,80,000

Min Investment

2,400

Lot size

Time Line

  • 20
    Mar 2024
    Open
  • 22
    Mar 2024
    Close
  • 26
    Mar 2024
    Finalisation of Basis of Allotment
  • 27
    Mar 2024
    Initiation of Refunds
  • 27
    Mar 2024
    Transfer of Shares to Demat Account
  • 28
    Mar 2024
    Listing Date

Objects of the Offer

  • Continue to develop customer relationships.

  • Improving functional efficiency& quality standards.

  • Vision and Mission of its Business.

  • Continue to recruit, retain and train qualified personnel.

Products & Services

  • Omfurn India Limited is manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India.

Strengths

  • Experienced Management and Motivated Team.

  • Skilled and dedicated manpower.

  • Range of Product Offerings.

  • Compliance with Quality Standards.

  • Existing customer relationship.

Risks

  • Substantial portion of its revenues come from the manufacturing of doors.

  • The company proposes to enter into new products viz. metal doors to be supplied to the construction and hotel industry. Its may fail to generate new clients for these products and sell in these industries due to competition and other commercial factors.

  • The Company has not entered into any long-term agreements with its customers for purchasing our products. The company is subject to uncertainties in demand and there is no assurance that its customers will continue to purchase the company products. This could impact the business and financial performance of the Company.

  • Its Showroom/ Registered Office and Godown are located on leased and licensed premises and consequently, its required to comply with certain requirements given under lease and license agreements.

  • Its customers expect the company to maintain high quality standards and any failure by it to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
16.38%
Pre Holding

53.58%

Post Holding

37.20%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 20.45 (-) 30.84 (50.80%) 70.23 (127.70%)
Gross Profit 20.45 (-) 30.84 (50.80%) 70.23 (127.70%)
Net Income 20.45 (-) 30.84 (50.80%) 70.23 (127.70%)
Assets 20.45 (-) 30.84 (50.80%) 70.23 (127.70%)
Liabilities 20.45 (-) 30.84 (50.80%) 70.23 (127.70%)

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

109 Gundecha Indl. Complex,
Akrurali Road Kandivali (East),
Mumbai - 400101
Phone : 91-22-4210 8900 Email : omfurn@omfurnindia.com www.omfurnindia.com

Offer Related Information

Further public issue of upto 36,00,000* equity shares of face value of Rs. 10/- each fully paid up of Omfurn India Limited ("Omfurn" or the "Company" or the "Issuer") for cash at a price of Rs. 75 per equity share (the "Issue Price") (including a share premium of Rs. 65 per equity share aggregating Rs. 27 crores ("The Issue"). The issue includes a reservation of of 1,80,000* equity shares aggregatting to Rs. 1.35 crores will be reserved for subscription by market maker to the issue (The... More

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