Blog

Omfurn India Limited FPO : Company Highlights

Omfurn India Limited FPO is set to launch on 20 March, 2024. The company initiated its 1997 and it is a manufacturer of Modular Furniture and Pre-FInished Wooden Door. The products manufactured by the company are Wardrobes, Modular Kitchen, Modern Office Furniture and Vanities. It also manufactures, designs and sells custom made furniture. The furniture made by the company is used in households, offices, hotels, hospitals, malls, international schools, IT parks etc. Manufacturing facility of the firm is located in Umbergaon with an area of 161460 sq. ft. The employee base of the firm is 221 people.

Omfurn India Limited FPO DETAILS

Omfurn India Limited FPO is set to launch on 20 March, 2024. The subscription timeline extends till 22 March, 2024. The size for the IPO is 27 Crore Rs. Shares issued through fresh issue mode are worth Rs 27 Crore. No shares are issued through offer for sale mode. The lot size is 2400 shares and the price is 71 Rs to 75 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Omfurn India Limited FPO

IPO OPENING DATE	20 March, 2024
CLOSING DATE FOR IPO	22 March, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	71 Rs to 75 Rs per share
LOT SIZE	2400 shares
MINIMUM ORDER QUANTITY	2400 shares
ISSUE SIZE	27 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	27 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	28 March, 2023

Omfurn India Limited FPO: IMPORTANT DATES

IPO OPENING DATE	20 March, 2024
CLOSING DATE FOR IPO	22 March, 2024
IPO ALLOTMENT DATE	26 March, 2024
REFUNDS	27 March, 2024
DEMAT A/C CREDITED ON	27 March, 2024
IPO LISTING DATE	28 March, 2024

Omfurn India Limited FPO begins for subscription from 20 March, 2024. The IPO subscription would continue till 22 March, 2024. The allotment status for the shareholders who applied would come on 26 March, 2024. The refunds for the ones who did not get allotment would be initiated on 27 March, 2024. The DEMAT accounts of shareholders would be credited on 27 March, 2024. The listing of the company would be completed on 28 March, 2024.

Omfurn India Limited FPO: Lead Managers

The lead managers are :

Gretex Corporate Services Limited

The minimum lot size for the company is decided at 2400 shares. This holding accounts to 180000 Rs.. The maximum lot size is decided at 4800 shares (HNI). This amounts to 360000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2400 shares	180000 Rs.
Maximum	4800 shares	360000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	4665	4766	5716
Revenue	2184	3229	7108
PAT	(-99)	59	414

Omfurn India Limited had an asset base of 4665 Lakh Rs in 2021 which increased to 4766 Lakh Rs in 2022. The asset base of the firm increased to 5716 Lakh Rs in the year 2023. The revenue of the firm was 2184 Lakh Rs in the year 2021. This boosted to 3229 Lakh Rs in the year 2022. The revenue of the firm was 7108 Lakh Rs in the year 2023. This is almost 5000 Lakh Rs more than the figure in 2021. The company suffered a loss of 99 Lakh Rs in the year 2021. However in 2022 it earned a profit of 59 Lakh Rs. The profit of the firm boosted in the next year to 414 Lakh Rs.

PROS

The products manufactured by the company are Wardrobes, Modular Kitchen, Modern Office Furniture and Vanities.
It also manufactures, designs and sells custom made furniture.
The furniture made by the company is used in households, offices, hotels, hospitals, malls, international schools, IT parks etc.
Manufacturing facility of the firm is located in Umbergaon with an area of 161460 sq. ft.
The employee base of the firm is 221 people.

Omfurn India Limited FPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Omfurn India Limited FPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in