Omfurn India Limited IPO

Add to Calendar 2017-09-29 12:00 AM 2017-10-05 12:00 AM Asia/Kolkata Omfurn India Limited IPO Omfurn India Limited India

Omfurn India Limited manufacture premium quality commercial furniture for its customers. In addition to the wide range of stock products, they also design, manufacture and install custom furniture tailored to specific needs. Company has undertaken various projects across sectors, ranging from Hotels, Residential, Offices, Shopping Malls, Hospital, IT Parks, and International Schools etc. Company’s manufacturing unit is situated in Umbergaon, Gujarat, which is equipped with latest woodworking CNC machines from Italy and Germany.

 

Date of establishment: Omfurn India Limited was incorporated in 1997

 

Product & Service Offering: They manufacture and supply modular furniture that includes hotel furniture, office furniture, school furniture, wooden shutter doors & door frames in terms of customized, system based or Turnkey project’s throughout India.

 

Promoters of Omfurn India ltd.: Mr. Rajendra Chitbahal Vishwakarmaand Mr. MahendraChitbahal Vishwakarma are the promoters of Omfurn India Limited.

 

Customer segment: Their major clients include  Reliance Industries LtdLarsen & Toubro Infotech Ltd, Pfizer Ltd, L & T Realty Ltd, Omkar Realtors Developers, Lodha Group, Kalpataru Group, Oberoi Realty etc.

 

Objects of the Issue: The objects of the Offer is to:-
-      To Finance expansion Project
-      To Finance General corporate expense
-      To Finance issue expenses

Company Financials:

Omfurn India's financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

23.36

24

26.41

30.29

30.22

Total revenue

 

22.5

19.8

38.7

43.9

28.2

Total expenses

 

21.5

18.6

36.7

41.0

25.8

Profit after tax

 

0.6

0.8

1.3

1.9

1.6

Issue Detail

  • Issue Open: Sep 29, 2017
  • Issue Close: Oct 05, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 23 Per Equity Share
  • Bid Lot:6000 Shares
  • Minimum Order Quantity:6000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 4.17 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Day 0 - Sep 29, 2017IST 96,000 0 6,000 - - 102,000
Day 1 - Oct 03, 2017IST 96,000 12,000 72,000 - - 180,000
Day 2 - Oct 04, 2017IST 96,000 186,000 222,000 - - 504,000
Day 3 - Oct 05, 2017IST 96,000 846,000 1,470,000 - - 2,412,000

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 23.00
Open - Rs 27.60
Low - Rs 21.50
High - Rs 27.60
Last Trade - Rs 22.85
Volume - 216,000

Omfurn India Limited Red Herring Prospectus

Omfurn India Limited User Rating

Votes
0

Omfurn India Limited Life IPO Reviews

Omfurn India Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us