Omfurn India FPO Subscribed 177.92 times

Tanushree Jaiswal 22nd March 2024 - 10:14 pm

About Omfurn India Limited FPO

Omfurn India FPO is a book-built issue valued at Rs 27.00 crores, comprising entirely of a fresh issue of 36 lakh shares.

Omfurn India FPO opened for subscription on March 20, 2024, and closes today, March 22, 2024. The allotment process for the Omfurn India FPO is expected to be finalized on Tuesday, March 26, 2024. Following this, Omfurn India FPO will be listed on NSE SME, with a tentative listing date set for Thursday, March 28, 2024.

The price band for the Omfurn India FPO is set at ₹71 to ₹75 per share. The minimum lot size for an application is 2400 shares. For retail investors, the minimum investment required is ₹180,000. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 4,800 shares, amounting to ₹360,000. By adhering to the specified lot sizes and price band, investors can participate in Omfurn India FPO, which presents an opportunity for investment in the company's fresh issue of shares.

Gretex Corporate Services Limited is the book running lead manager of the Omfurn India FPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Omfurn India FPO is Gretex Share Broking.

Final Subscription Status of Omfurn India FPO

Here is final subscription status of Omfurn India FPO as at close on by March 22, 2024 5:00 PM.

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1	5,35,200	5,35,200	4.014
Market Maker	1	1,80,000	1,80,000	1.350
Qualified Institutions	1.00	11,73,600	11,78,400	8.838
Non-Institutional Buyers	3.02	5,13,600	15,52,800	11.646
Retail Investors	6.33	11,97,600	75,79,200	56.844
Total	3.57	28,84,800	1,03,10,400	77.328
Total Application : 3,158

Omfurn India FPO Subscription Summary:

- Anchor Investors: The subscription from Anchor Investors stood at 1 times, with bids placed for 5,35,200 shares, amounting to ₹4.014 crores.

- Market Maker: Market Makers subscribed to the FPO at 1 times, bidding for 1,80,000 shares, totaling ₹1.350 crores.

- Qualified Institutions: Qualified Institutions subscribed at a rate of 1.00 times, with bids made for 11,78,400 shares, equivalent to ₹8.838 crores.

- Non-Institutional Buyers: Non-Institutional Buyers demonstrated a strong interest, subscribing at 3.02 times. They bid for 15,52,800 shares against the offered 5,13,600 shares, resulting in a total amount of ₹11.646 crores.

- Retail Investors: Retail Investors showed significant enthusiasm, subscribing at a rate of 6.33 times. They bid for a substantial 75,79,200 shares against the offered 11,97,600 shares, amounting to ₹56.844 crores.

- Total Subscription: Overall, the total subscription for Omfurn India FPO was 3.57 times, with bids received for 1,03,10,400 shares against the offered 28,84,800 shares, totaling ₹77.328 crores.

The robust subscription figures, particularly from Non-Institutional Buyers and Retail Investors, indicate strong investor interest in Omfurn India FPO, reflecting positive market sentiment towards the company's fresh issue of shares.

Omfurn India FPO Allocation Quota for Various Categories

Investor Category	Shares Allocated in IPO
Market Maker Shares	180,000 shares (5.00% of total issue size)
Anchor Allocation Portion	535,200 shares (14.87% of total issue size)
QIB Shares Offered	1,173,600 shares (32.60% of total issue size)
NII (HNI) Shares Offered	513,600 shares (14.27% of total issue size)
Retail Shares Offered	1,197,600 shares (33.27% of total issue size)
Total Shares Offered	3,600,000 shares (100.00% of total issue size)

Data Source: NSE

How Subscription Built up for IPO of Omfurn India FPO

Date	QIB	NII	Retail	Total
Day 1 Mar 20, 2024	0.00	0.43	0.76	0.39
Day 2 Mar 21, 2024	1.00	0.32	2.81	1.63
Day 3 Mar 22, 2024	1.00	3.02	6.33	3.57

As of 22 Mar 24, 17:00

Key Takeaways

The subscription trend for the IPO of [Company Name] witnessed steady growth over the three days of bidding:

- Day 1: The subscription from QIBs, NIIs, and Retail Investors started at a moderate level, with increasing interest observed from Retail Investors.

- Day 2: Subscription rates picked up notably across all investor categories, particularly from QIBs and Retail Investors, indicating growing investor confidence.

- Day 3: The final day saw a substantial surge in subscription rates, with strong participation from all investor categories, resulting in oversubscription.

Overall, the increasing subscription levels throughout the IPO period suggest robust investor interest and positive market sentiment towards [Company Name]'s IPO

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Tanushree Jaiswal

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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