Omfurn India is scheduled to hit the market on March 20, 2024 and close on March 22, 2024. Omfurn India plans to raise around ₹27.00 Cr through an IPO with a sale of up to 3,600,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 1997, Omfurn India is a prominent manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. The company offers a wide range of products for Modular Kitchens, Wardrobes, Vanities, Modern Office furniture, and undertakes custom furniture designs and turnkey interior projects for various establishments.
Notably listed on the NSE SME in 2017, Omfurn India's manufacturing factory in Umbergaon spans 1,61,460 sq. ft., serving as the core production center for their high-quality offerings.
Omfurn India FPO Details
Omfurn India FPO opens on March 20, 2024, and closes on March 22, 2024. The Listing date for Omfurn India FPO is on March 28, 2024. The price band for FPO is ₹71 to ₹75 per share and lot size of 2400 Shares.
| IPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | March 28, 2024 |
| Price | ₹71 to ₹75 per share |
| Lot Size | 2400 Shares |
| Issue Size | ₹27.00 Cr |
| Face Value | ₹10 per share |
Omfurn India FPO Tentative Timetable
Omfurn India opening date is March 20, 2024 and close date is March 22, 2024. The FPO allotment date is March 26, 2024. The refund initiation of FPO is on March 27, 2024. The credit of shares in demat account is on March 27, 2024. The listing date is on March 28, 2024.
| Event | Date |
|---|---|
| IPO Opening | March 20, 2024 |
| IPO Closing | March 22, 2024 |
| IPO Allotment Date | March 26, 2024 |
| Refund Initiation | March 27, 2024 |
| Shares Credit to Demat | March 27, 2024 |
| Lisiting Date | March 28, 2024 |
Omfurn India FPO Lot Size
Lot Size of this FPO is 2400 shares. A retail-individual investor can apply for up to 1 lots (2400 shares or ₹180,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2400 | ₹180,000 |
| Retail(Maximum) | 1 | 2400 | ₹180,000 |
| HNI (Minimum) | 2 | 4800 | ₹360,000 |
Omfurn India FPO Promoter Holding
| Pre Issue Share Holding | 73.40% |
| Post Issue Share Holding | 50.96% |
Omfurn India FPO Review
Omfurn India (OIL) is gearing up for its FPO to raise funds for its business operations. Specializing in Pre-Finished Wooden Doors and Modular Furniture, OIL has a history of steady growth, especially with a noticeable increase in its financial performance from FY23 onwards. The company's dedication to quality and innovation is reflected in its well-structured manufacturing factory in Umbergaon and its team of skilled professionals working on creating top-notch products for customers across India.
Investors considering OIL's FPO should take a close look at the company's financial numbers, such as earnings per share and return on net worth. Although OIL doesn't have direct competitors listed for comparison, its FPO pricing seems to align with its anticipated earnings for FY24. For those seeking medium-term returns, investing moderate funds in OIL's FPO could be a strategic move, given the company's growth potential and market positioning in the competitive segment of pre-finished wooden doors and modular furniture manufacturing. It's essential for potential investors to weigh the risks and rewards associated with this offering before making any investment decisions.
With a focus on utilizing the FPO proceeds for capital expenditures, debt repayment, and working capital requirements, OIL aims to strengthen its foothold in the market post-offering. The company's commitment to sustainability and product excellence underscores its long-term vision in the industry. By carefully analyzing OIL's financial performance, market positioning, and growth prospects, investors can make informed decisions regarding their participation in the company's FPO.
Omfurn India FPO Subscription Status (Bidding Details)
Table not foundOmfurn India FPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Omfurn India FPO FAQs
What is Omfurn India FPO?
Omfurn India is issuing 3,600,000 equity shares with a face value of ₹10 each, totaling up to ₹27.00 Cr. The shares are being offered at a price of ₹71 to ₹75 each, with a minimum order quantity of 2400 shares.
Bigshare Services Pvt Ltd is the registrar for the FPO, and the shares are planned to be listed on the BSE and NSE.
When Omfurn India FPO will open?
Omfurn India will open on March 20, 2024 for QIB, NII, and Retail Investors.
When Omfurn India FPO will end?
Omfurn India will end on March 22, 2024.
What is Omfurn India FPO Size?
Omfurn India FPO size is ₹27.00 Cr.
What is Omfurn India FPO Price Band?
Omfurn India price band is ₹71 to ₹75 per share.
What is the Omfurn India FPO Allotment Date?
Omfurn India allotment date is March 26, 2024.
What is the Omfurn India FPO Listing Date?
Omfurn India listing date is March 28, 2024. The FPO is to be listed on BSE and NSE.
How to Omfurn India FPO through Zerodha?
To apply for the IPO “Omfurn India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Omfurn India FPO through Upstox?
To apply for the FPO “Omfurn India” on Upstox, log in to the Upstox website or app, click on FPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the FPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Omfurn India FPO Allotment Status?
For Omfurn India FPO Allotment status check you can visit this link, select the desired FPO and enter your PAN to check the allotment status.
What is Omfurn India FPO GMP?
You can check out here: Omfurn India FPO GMP