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)







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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

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

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