On Door Concepts IPO will open for subscription from 23 October 2023. The company aims for an issue size of ₹31.18 Cr through this IPO.
Company Overview
| Full name | On Door Concepts Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.ondoor.com/ |
About Company
Incorporated in 2014, Ondoor Concepts is a fast-upcoming regional omni-channel retailer of groceries and household essentials. The company has the advantage of being one of the early entrants in the supermarket industry to offer the convenience of both the colony stores as well as hyperlocal home delivery through online orders, most of its stores in the respective areas fulfill the online orders from their respective shelves. Ondoor opened its first store in Bhopal, Madhya Pradesh in January 2015. As of 31 March 2023, the company operates 55 stores in the cities of Madhya Pradesh. The contribution of private labels to its total sales constitutes 16.85%, 15.33%, and 13.35% for FY 2023, FY 2022, and FY 2021, respectively.
Ondoor classified the products under the following categories:
- Foods: This category includes staples, groceries, fruits & vegetables, snacks & processed foods, dairy & frozen products, beverages, and confectionery. This category constituted the majority of its total sales.
- Non-Foods (FMCG): This category includes home care products, personal care and toiletries, and other over-the-counter products.
- General Merchandise: This category includes crockery, utensils, plastic goods, pooja items, etc.
The Objectives of the Issue
- Augmenting additional working capital requirements
- General Corporate Purpose
On Door Concepts IPO Timetable
| IPO Opening date | 23 October 2023 |
| IPO Closing | 27 October 2023 |
| Basis of Allotment | 01 November 2023 |
| Initiation Refund | 02 November 2023 |
| Credit to Demat Account | 03 November 2023 |
| Listing Date | 06 November 2023 |
On Door Concepts IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹31.18 Cr – 1,498,800 shares |
| Fresh Issue | ₹31.18 Cr – 1,498,800 shares |
| Offer for sale | – |
| Face value | ₹10 per share |
| Offer Price | ₹208 per share |
| Lot size | 600 Shares |
| Market Maker portion | 86,400 shares |
| Shareholding pre-issue | 4,149,812 |
| Shareholding post-issue | 5,648,612 |
| Listing Exchange | NSE SME |
On Door Concepts IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹124,800 |
| Retail (Max) | 1 | 600 | ₹124,800 |
| HNI (Min) | 2 | 1,200 | ₹249,600 |
On Door Concepts IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
On Door Concepts Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2024 | |
| Revenue | 182.65 | 173.14 | 180.15 | 70.26 |
| Expenses | 181.91 | 171.75 | 176.12 | 68.03 |
| Net income | (5.23) | (5.37) | 13.06 | 0.56 |
On Door Concepts Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (27.75) | (28.47) | 56.77 |
| PE ratio | – | – | 3.66 |
| RONW (%) | 8.60 | 8.10 | 25.51 |
| NAV | – | – | 132.50 |
| ROCE (%) | (5.64) | (10.49) | 50.90 |
| EBITDA (%) | 0.63 | 0.91 | 2.24 |
| Debt/Equity | 1.84 | 1.69 | NA |
On Door Concepts Company Promoters
- NSB BPO Solutions Private Limited
- Mr. Narendra Singh Bapna
- Mr. Pramod Ramdas Ingle
- Mrs. Swati Bapna
- Mrs. Vaishali Ingle
Promoter Holding
| Pre Issue Share Holding | 51.92% |
| Post Issue Share Holding | 38.14% |
On Door Concepts IPO Lead Manager(s)
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: mb@focl.in
Website: www.focl.in
On Door Concepts 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
On Door Concepts Contact Details
ON DOOR CONCEPTS LIMITED
Phoenix Corporate Park, First Floor, Opp. Vrindavan Garden,
Hoshangabad Road Bhopal, Madhya Pradesh, India, 462026
Phone: +91 755 3511480
E-mail: cs@ondoor.com
Website: www.ondoor.com
On Door Concepts IPO Allotment Status
Ondoor Concepts IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
On Door Concepts IPO 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
