OBSC Perfection IPO Detail: Open Date, Close Date, GMP, Price Band

OBSC Perfection IPO subscription opens from Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024. It is a book-built issue of worth up to Rs 66.02 crores equity shares. This upcoming IPO is an entirely fresh issue of 66.02 lakh equity shares.

OBSC Perfection IPO price band is Rs 95 to Rs 100 per share. The minimum lot size set for the retail category is 1200 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 2400 shares. The minimum amount required for retail investors is Rs 1,20,000 (100 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (100 x 2400 shares).

OBSC Perfection IPOallotment is expected to be finalised on Friday, October 25, 2024. The listing will be on the NSE SME platform on Tuesday, October 29, 2024. Currently, OBSC Perfection's IPO GMP is Rs 0, which indicates that the listing price is expected to be near Rs 100 per share.

OBSC Perfection IPO: Listing Date, Lot Size, Issue Size, Price Band

OBSC Perfection IPO opens on October 22 and closes on October 24, 2024. The tentative listing date is on October 29 and face value kept at Rs 10 per share. The Lot size is 1200 shares.

OBSC Perfection IPO: About the Company

OBSC Perfection Limited, established in 2017, is a precision metal components manufacturer offering a diverse range of high-quality engineered products. Its portfolio includes 24 precision metal components such as shafts, piston rods, gear shifters, fasteners, connectors, and more. The company primarily serves Original Equipment Manufacturers (OEMs) that supply components to leading automotive companies in India, as well as non-automotive sectors like defense, marine, and telecom infrastructure. With four manufacturing facilities in Pune and Chennai, OBSC Perfection leverages its proximity to raw material suppliers, ensuring efficiency in the supply chain. Backed by an experienced management team, the company boasts a strong growth record and employs 85 permanent staff as of July 2024.

OBSC Perfection IPO Objectives

The company proposes to utilize the net proceeds from the issue for the following purposes: funding capital expenditure for the purchase of machinery for the expansion of existing manufacturing facilities at Unit III in Tamil Nadu and Unit IV in Maharashtra, funding the company's working capital requirements, and general corporate purposes.

OBSC Perfection IPO: Key Dates, Allotment, Listing Date

OBSC Perfection IPO key dates are discussed in the table below. Investors can check the allotment status on October 25, and those who will not get shares allotted will get a refund on October 28, 2024. The credit of shares will take place on the same day, and the listing will be on October 29 on the NSE SME platform.

OBSC Perfection IPO Subscription Details, IPO Reservation

OBSC Perfection IPO subscription details will be available after the IPO opens on 22 October 2024. Not less than 35% of the net offer is reserved for the retail category, not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 15% of the net offer is reserved for the HNI category.

OBSC Perfection IPO Allotment Details

OBSC Perfection IPO Allotment status will be available on its registrar Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar’s website.

OBSC Perfection IPO GMP

Currently, OBSC Perfection IPO GMP (grey market premium) is at Rs 0. It is expected that the listing price can be near Rs 100. However, if the subscription is oversubscribed, then OBSC Perfection IPO GMP may rise.

OBSC Perfection IPO Lot Size Details

OBSC Perfection IPO lot size is set at 1200 shares per lot. Investors can bid a minimum of 1200 shares and their multiples. For the retail category, the minimum and maximum bid is kept at 1200 shares, amounting to Rs 1,20,000. The minimum lot size for HNI is 2 lots, which is 2400 shares. The minimum investment for the HNI category is Rs 2,40,000.

Promoter Holdings

OBSC Perfection IPO promoters are Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum, Omega Bright Steel and Components Private Limited, Omega Bright Steel Private Limited, ESS U Enterprises Private Limited and Bluwat AG. The promoters' shareholdings before the IPO were 100%; The promoters' shareholdings before the IPO were 100%; however, post-IPO changes in their shareholdings have not yet been disclosed.

OBSC Perfection Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of OBSC Perfection IPO

The IPO is managed by Unistone Capital Private Limited, which is the book-running lead manager for this public issue. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to OBSC Perfection IPO

Interested investors wants to apply to the OBSC Perfection IPO directly from the Bigul trading app or you can apply by visiting here. You can also check the details of other upcoming IPO on Bigul.

OBSC Perfection IPO FAQs

1. What are the core details available of the OBSC Perfection IPO?

OBSC Perfection IPO is a book-built issue worth up to Rs 66.02 crores. This upcoming IPO is an entirely fresh issue of 66.02 lakh equity shares.

2. When will the OBSC Perfection IPO open and close?

OBSC Perfection IPO subscription opens on Tuesday, October 22, 2024, and closes on Thursday, October 24, 2024.

3. What is OBSC Perfection IPO GMP?

Currently, OBSC Perfection IPO GMP (grey market premium) is trading at Rs 0. It is expected that the listing price can be near to Rs 100. However, if the subscription gets oversubscribed, then OBSC Perfection IPO GMP might rise in the coming days.

4. How do you check the IPO Allotment status?

OBSC Perfection IPO Allotment details are available on its registrar Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar’s website.

5. Who is the registrar and lead managers for OBSC Perfection IPO?

OBSC Perfection IPO Registrar is Bigshare Services Private Limited. Investors can check the allotment status in the Bigshare Services Private Limited’s official website whereas the book-running lead manager for this IPO is Unistone Capital Private Limited.

 Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners