Omfurn India FPO will open for subscription from 20 March 2024. The company aims for an issue size of ₹27 Cr through this IPO.
Company Overview
| Full name | Omfurn India Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Household & Personal Products |
| Company Website | https://www.omfurnindia.com/ |
About Company
Founded in 1997, Omfurn India is a leading manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture across India. Specializing in crafting an extensive assortment of wooden doors and furniture, Omfurn India caters to Modular Kitchens, Wardrobes, Vanities, and Contemporary Office furniture, ensuring diverse options for discerning customers. In 2017, the company was listed on the NSE SME.
Omfurn India not only creates custom furniture but also designs, manufactures, and installs it. Additionally, the company specializes in executing turnkey interior projects for various establishments, including hotels, residences, offices, shopping malls, hospitals, IT parks, and international schools, as well as providing pre-finished and fire-rated doors.
The Umbergaon manufacturing plant covers 161,460 sq. ft., expanding to produce premium hotel furniture. It boasts cutting-edge CNC woodworking machines from Germany and Italy. As of 30 November 2023, the company employs 221 individuals, including administrative staff, skilled workers, semi-skilled workers, and unskilled workers.
The Objectives of the Issue
- Funding capital expenditure towards the installation of plant & machinery in our existing premises along with required civil, electric, and fabrication work;
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
- Funding to meet working capital requirements; and
- General corporate purposes.
Omfurn India FPO Timetable
| IPO Opening date | 20 March 2024 |
| IPO Closing | 22 March 2024 |
| Basis of Allotment | 26 March 2024 |
| Initiation Refund | 27 March 2024 |
| Credit to Demat Account | 27 March 2024 |
| Listing Date | 28 March 2024 |
Omfurn India FPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹27 Cr – 3,600,000 shares |
| Fresh Issue | ₹27 Cr – 3,600,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 2400 Shares |
| Market Maker portion | 180,000 shares |
| Shareholding pre-issue | 8,174,400 |
| Shareholding post-issue | 11,774,400 |
| Listing Exchange | NSE SME |
Omfurn India FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2400 | ₹180,000 |
| Retail (Max) | 1 | 2400 | ₹180,000 |
| HNI (Min) | 2 | 4,800 | ₹360,000 |
Omfurn India FPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Omfurn India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 20.45 | 30.84 | 70.23 | 44.18 |
| Expenses | 22.91 | 31.65 | 65.96 | 40.70 |
| Net income | (0.99) | 0.60 | 4.15 | 2.89 |
Omfurn India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (1.22) | 0.73 | 5.08 |
| PE ratio | – | – | 13.98 – 14.76 |
| RONW (%) | (4.74) | 2.77 | 16.12 |
| NAV | 25.68 | 26.41 | 31.49 |
| ROCE (%) | 1.79 | 5.39 | 19.36 |
| EBITDA (%) | 10.0 | 10.0 | 12.0 |
| Debt/Equity | 0.76 | 0.74 | 0.44 |
Company Promoters
- Mr. Rajendra Chitbahal Vishwakarma
- Mr. Mahendra Chitbahal Vishwakarma
- Mr. Narendra Chitbahal Vishwakarma
- Mr. Prashant Rajendra Vishwakarma
- Mr. Parmanand Mahendra Vishwakarma
Promoter Holding
| Pre Issue Share Holding | 73.40% |
| Post Issue Share Holding | 50.96% |
Omfurn India FPO Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Omfurn India Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Omfurn India Contact Details
OMFURN INDIA LIMITED
109, Gundecha Industrial Complex, Akrurali Road,
Kandivali (East), Mumbai – 400101, Maharashtra
Phone: +91-22 4210 8900
E-mail: omfurn@omfurnindia.com
Website: www.omfurnindia.com
Omfurn India FPO Allotment Status
Omfurn India FPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Omfurn India FPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
