On Door Concepts Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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On Door Concepts

CMP

400.75

-21.10 (-5.00%)

₹208

Offer Price

₹ 31.18 Cr

Issue Size

₹ 1,24,800

Min Investment

600

Lot size

Time Line

  • 23
    Oct 2023
    Open
  • 27
    Oct 2023
    Close
  • 01
    Nov 2023
    Finalisation of Basis of Allotment
  • 02
    Nov 2023
    Initiation of Refunds
  • 03
    Nov 2023
    Transfer of Shares to Demat Account
  • 01
    Nov 2023
    Listing Date

Objects of the Offer

  • To bring modern trade benefits to the rural and small-town customers

  • Omni-channel and convenient purchase experience to urban consumers.

Products & Services

  • Ondoor is a fast-upcoming regional omni-channel retailer of groceries and household essentials.

Strengths

  • Ondoor`s E-tailing Business.

  • Franchisee Model.

  • Revenue Model of Franchise.

  • Operational Efficiencies.

  • Role of Ondoor.

Risks

  • The company, Promoters, and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.

  • The company has a history of net losses and its anticipate that may continue in the future.

  • The company requires high working capital for the smooth day to day operations of business and any discontinuance or the company inability to procure adequate working capital timely and on favorable terms may have an adverse effect on its operations, profitability, and growth prospects.

  • If the company is unable to offer discounted prices constantly according to the pricing strategy, its risk losing the advantage and a substantial portion of the company customers which will adversely affect its business, financial condition and results of operations. Further, in case of shortages, the company suppliers may increase prices of products beyond the control due to which its may lose the competitive advantage.

  • If the company is unable to enter into long-term leasehold arrangements or enter into rental agreements at locations suitable for new stores, warehousing or packing centres for the expansion at terms commercially beneficial to it, it may adversely affect the expansion and growth plans.

Company Promoters

Promoters Holding

Issue For IPO
13.66%
Pre Holding

51.50%

Post Holding

37.84%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 173.14 (-5.20%) 180.15 (4.10%) 25.51 (-)
Gross Profit 173.14 (-5.20%) 180.15 (4.10%) 25.51 (-)
Net Income 173.14 (-5.20%) 180.15 (4.10%) 25.51 (-)
Assets 173.14 (-5.20%) 180.15 (4.10%) 25.51 (-)
Liabilities 173.14 (-5.20%) 180.15 (4.10%) 25.51 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
On Door Concepts Ltd 180.15 13.06 52.38 1.18 25.51 0.00 132.50 1.08 0.02
Osia Hyper Retail Ltd 738.82 9.50 435.49 435.49 8.41 0.92 10.95 2.18 1.03

Book Running Managers

  • First Overseas Capital 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

Phoenix Corporate Park 1st Flr,
Opp Vrindawan Garden Hoshan Rd,
Bhopal - 462026
Phone : +91 755 3511480 Email : cs@ondoor.com www.ondoor.com

Offer Related Information

Public issue of 14,98,800 (1) equity shares of face value of Rs. 10.00 each of On Door Concepts Limited ("The Company" or "The Issuer") for cash at a price of Rs. 208.00 per equity share (including a share premium of Rs. 198.00 per equity share) ("Issue Price") aggregating to Rs. 31.18 crores ("The Issue"). Of the issue, 86,400 equity shares aggregating to Rs. 1.80 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker... More

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