On Door Concepts IPO

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 nameOn Door Concepts Limited
Company Websitehttps://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 date23 October 2023
IPO Closing27 October 2023
Basis of Allotment01 November 2023
Initiation Refund02 November 2023
Credit to Demat Account03 November 2023
Listing Date06 November 2023
(Cut-off time for UPI mandate confirmation – 5 PM on October 27, 2023)

On Door Concepts IPO details

Issue typeFixed 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 size600 Shares
Market Maker portion86,400 shares
Shareholding pre-issue4,149,812
Shareholding post-issue5,648,612
Listing ExchangeNSE SME

On Door Concepts IPO Lot Size

Retail (Min)1600₹124,800
Retail (Max)1600₹124,800
HNI (Min)21,200₹249,600

On Door Concepts IPO Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

On Door Concepts Financial Performance

 FY 2021FY 2022FY 20235M FY 2024
Net income(5.23)(5.37)13.060.56
(Amount in ₹ Crores)

On Door Concepts Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio3.66
RONW (%)8.608.1025.51
ROCE (%)(5.64)(10.49)50.90
EBITDA (%)0.630.912.24

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 Holding51.92%
Post Issue Share Holding38.14%

On Door Concepts IPO Lead Manager(s)

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

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

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

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