The Omfurn India FPO date has been confirmed from March 20, 2024, and closes on March 22, 2024. Read the post to learn about Omfurn India FPO IPO GMP.
Alright, folks, let’s dive into the details of the Omfurn India FPO Developers IPO. We’re looking at a fixed price issue valued at Rs 27.00 crores, offering shares priced between ₹71 to ₹75 each. Omfurn India FPO IPO GMP Today is ₹NA. To hop on board, investors need to commit to a minimum lot size of 2400 Shares, which means retail players need to shell out ₹180,000, while our High Net Worth Individuals (HNIs) are looking at double that, coming in at ₹360,000.
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Bidding Dates
March 20-22
Price Range
₹71 to ₹75 per share
Face Value
₹10 per share
GMP
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Omfurn India FPO IPO GMP
The Omfurn India FPO IPO GMP Today is ₹[].
IPO Overview
This IPO is rolling out a fresh batch of 36 lakh shares, up for grabs from March 20, 2024, right through March 22, 2024. We’re expecting the allocations to be sorted out by March 26, 2024, and we’ve got our eyes set on a tentative listing date over at NSE SME for March 28, 2024.
Omfurn India FPO IPO Details
| IPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 2400 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Fresh Issue | 3,600,000 shares (aggregating up to ₹27.00 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,174,400 |
| Share holding post issue | 11,774,400 |
| Market Maker portion | 180,000 shares |
Omfurn India FPO Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,825.97 | 5,716.59 | 4,766.30 | 4,665.35 |
| Revenue | 4,474.78 | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit After Tax | 289.16 | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves and Surplus | 2,181.75 | 1,892.59 | 1,477.72 | 1,417.91 |
| Total Borrowing | 1,890.41 | 1,138.10 | 1,595.16 | 1,585.99 |
| Amount in ₹ Lakhs | ||||
Omfurn India FPO IPO Timeline
| IPO Open Date | Wednesday, March 20, 2024 |
| IPO Close Date | Friday, March 22, 2024 |
| Basis of Allotment | Tuesday, March 26, 2024 |
| Initiation of Refunds | Wednesday, March 27, 2024 |
| Credit of Shares to Demat | Wednesday, March 27, 2024 |
| Listing Date | Thursday, March 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 22, 2024 |
Company Profile
Now, let’s shift our focus to Omfurn India Limited. Established back in 1997, they’re the go-to folks for pre-finished wooden doors and modular furniture. Whether it’s decking out modern offices or setting up sleek modular kitchens, they’ve got it all covered. And hey, they’re not just sticking to the basics; they also offer custom furniture and handle turnkey interior projects for various establishments. With a massive manufacturing facility sprawled over 1,61,460 square feet in Umbergaon, they’re making big moves in the furniture game.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Omfurn India Limited |
| Phone number | +91-2242108900 |
| Email ID | omfurn@omfurnindia.com |
| Website | omfurnindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
