What you must know about Omfurn India FPO?
by 5paisa Research Team
18 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 28-Mar-24
- IPO Price Range ₹ 71 to ₹ 75
- Listing Price ₹ 76.6
- Listing Change 2.1%
- Last Traded Price ₹ 69.8
- Current Change -6.9%
Omfurn FPO Details
- Open Date 20-Mar-24
- Close Date 22-Mar-24
- Lot Size 2400
- FPO Size ₹ 27.00 Cr
- FPO Price Range ₹ 71 to ₹ 75
- Min Investment ₹ 1,70,400
- Listing Exchange NSE SME
- Basis of Allotment 26-Mar-24
- Refunds 27-Mar-24
- Credit to Demat Account 27-Mar-24
- Listing Date 28-Mar-24
Omfurn India FPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Mar-24 | 0.00 | 0.43 | 0.76 | 0.39 |
| 21-Mar-24 | 1.00 | 0.32 | 2.79 | 1.62 |
| 22-Mar-24 | 1.00 | 3.02 | 6.33 | 3.57 |
Omfurn FPO Synopsis
Omfurn India Limited FPO is all set to open from 20th March to 22nd March 2024. The company operates in the Pre-Finished Wooden Doors and Modular Furniture sector. The FPO includes a fresh issue of 3,600,000 shares worth ₹27.00 cr. The share allotment date is 26th March 2024, and the FPO will be listed on 28th March 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 2400 shares.
Gretex Corporate Services Limited is the book-running lead manager for this FPO, while Bigshare Services Private Limited is the registrar.
Objectives of Omfurn FPO:
Omfurn India Limited plans to utilize the raised capital from the FPO to:
● To fund the capital expenditure requirements to install plant and machinery and fund expenses related to civil, electric and fabrication work.
● To repay or prepay, full or partial borrowings obtained by the company.
● For working capital requirements.
● General corporate purposes.
About Omfurn India
Established in 1997, Omfurn India Limited operates, makes and sells Pre-Finished Wooden Doors and Modular Furniture. The company went public on NSE SME in 2017. Its product portfolio includes wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture through customized, system-based, or turnkey projects across India.
Omfurn India’s manufacturing facility is based in Umbergaon GIDC, Gujarat and has CNC woodworking machines installed from Germany and Italy. The company also has certifications for quality including e ISO 9001, 14001, and 45001.
Peer Comparison
No listed peers.
For More Information:
Webstory on Omfurn India FPO
Omfurn India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 70.23 | 30.84 | 20.44 |
| EBITDA | 8.29 | 3.16 | 2.03 |
| PAT | 4.14 | 0.59 | -0.99 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 57.16 | 47.66 | 46.65 |
| Share Capital | 6.81 | 6.81 | 6.81 |
| Total Borrowings | 31.42 | 26.07 | 25.66 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.77 | 1.06 | 2.87 |
| Net cash from / (used in) investing activities | -2.74 | 0.083 | 1.60 |
| Net cash flow from / (used in) financing activities | -2.87 | -1.80 | -0.29 |
| Net increase (decrease) in cash and cash equivalents | -2.78 | -0.61 | 4.19 |
Omfurn FPO Key Points
-
Strengths
1. It has skilled and dedicated manpower.
2. It has a vast and diversified product portfolio.
3. The company focuses on high quality and has certification for the same.
4. The company enjoys a long-term working relationship with its customers.
5. The company’s management team is well-experienced.
-
Risks
1. High working capital requirements.
2. Any ban on wood cutting by the Government can impact the company.
3. The company is dependent on revenues from door manufacturing.
4. The company faces high competition.
5. Reported negative PAT in the past.
Omfurn
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Omfurn FPO FAQs
When does the Omfurn India FPO open and close?
Omfurn India FPO opens from 20th March to 22nd March 2024.
What is the size of the Omfurn India FPO?
The size of Omfurn India FPO is ₹27 cr.
How to apply for the Omfurn India FPO?
To apply for Omfurn India FPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current FPO section
● Enter the number of lots and the price at which you wish to apply for the Omfurn India Limited FPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Omfurn India FPO?
The price band of Omfurn India FPO is fixed at ₹71 to ₹75 per share.
What is the minimum lot size and investment required for the Omfurn India FPO?
The minimum lot size of Omfurn India FPO is 2400 shares and the investment required is ₹1,70,400.
What is the allotment date of Omfurn India FPO?
The share allotment date of Omfurn India FPO is 26th March 2024.
What is the Omfurn India FPO listing date?
The Omfurn India FPO will be listed on 28th March 2024.
Who are the book runners for the Omfurn India FPO?
Gretex Corporate Services Limited is the book-running lead manager for Omfurn India FPO.
What is the objective of Omfurn India FPO?
Omfurn India plans to utilize the raised capital from the FPO to:
1. To fund the capital expenditure requirements to install plant and machinery and fund expenses related to civil, electric and fabrication work.
2. To repay or prepay, full or partial borrowings obtained by the company.
3. For working capital requirements.
4. General corporate purposes.
Contact Details of Omfurn India FPO
Contact Information
Omfurn India Limited
109, Gundecha Industrial Complex,
Akrurali Road, Kandivali (East),
Mumbai - 400101, Maharashtra, India
Phone: +91-2242108900
Email: omfurn@omfurnindia.com
Website: https://www.omfurnindia.com/
Omfurn India FPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Omfurn India FPO Lead Manager
Gretex Corporate Services Limited
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