18-Mar-2024
2 mins read
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Omfurn India FPO (Follow on public offer) is open for subscription starting from Wednesday, March 20, 2024, and will close on Friday, March 22, 2024. The price band of this upcoming FPO is decided at Rs 71 to Rs 75 per share. The minimum lot size of this application for the retail category is 2400 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4800 shares. The minimum amount of investment required for retail category investors is Rs 1,80,000 (75 x 2400 shares). However, for the HNI category, the minimum investment amount required is Rs 3,60,000 (75 x 4800 shares). Omfurn India FPO is a book-built issue of Rs 27 crores. This upcoming FPO issue is completely a fresh issue of 36.00 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new FPO is expected to be finalised on Tuesday, March 26, 2024. The Omfurn India FPO will be listed on NSE SME, and the listing date is fixed on Thursday, March 28, 2024. The book-running lead manager of Omfurn India FPO is Gretex Corporate Services Limited. The registrar for this FPO is Bigshare Services Private Limited. The market maker of this FPO is Gretex Share Broking.
About Omfurn India Limited Company Profile
Omfurn India Limited incorporated in 1997, is a manufacturer and supplier of Pre-Finished wooden doors and modular furniture in India. With 25 years of experience in the industry, the company established themselves as a go-to-choice for business and home makers. Company manufactures solid wooden door frames from Red Meranti, Steam Beach, Ghana Team and BWP Engineered wood. Company also designs, manufactures and install custom furniture and executes turnkey projects of Hotel, residential, offices, shopping malls, hospitals, IT park etc. Omfurn India Limited portfolio is divided in 4 broad categories are Doors, Office Solutions, Modular wardrobe. Omfurn has a world class infrastructure that is designed to manufacture high quality furniture products efficiently and effectively. Company’s in house manufacturing factory in Umbergaon spans over a total area of 15,000 sq.ft. Omfurn is equipped with CNC woodworking machines from Germany and Italy. Company got listed in NSE SME in 2017, since then shares of Omfurn are trading in the SME segment.
Objectives of Omfurn India FPO
The net amount received from this FPO will be utilised for funding the capital expenditure towards installation of plant and machinery. Other than this, proceeds will be used for the repayment or prepayment of certain borrowing availed by the company. Moreover, the funds will also be used for fulfilling the working capital requirement and meet the general corporate purposes.
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Financials of Omfurn India Limited (Amt in Rs Lakhs)
Omfurn India posted a revenue of Rs 4,474.78 lakhs and net profit of Rs 289.16 lakhs for the quarter ended on 30 September 2023. Company’s revenue increased by 120.8% and PAT by 593.65% between the FY ending with 31 March 2023 and 31 March 2024.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 6,825.97 | 5,716.59 | 4,766.30 | 4,665.35 |
| Revenue | 4,474.78 | 7,108.10 | 3,229.79 | 2,184.54 |
| Profit After Tax | 289.16 | 414.87 | 59.81 | -99.41 |
| Net Worth | 2,862.95 | 2,573.79 | 2,158.92 | 2,099.11 |
| Reserves and Surplus | 2,181.75 | 1,892.59 | 1,477.72 | 1,417.91 |
| Total Borrowing | 1,890.41 | 1,138.10 | 1,595.16 | 1,585.99 |
Other Important Details of Omfurn India FPO
| FPO Date | March 20, 2024 to March 22, 2024 |
| Listing Date | 28-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 71 to Rs 75 per share |
| Lot Size | 2400 Shares |
| Total Issue Size | 3,600,000 shares amounting to Rs 27 crores |
| Fresh Issue | 3,600,000 shares amounting to Rs 27 crores |
| Issue Type | Book Built Issue FPO |
| Listing At | NSE SME |
| Shareholding pre issue | 8,174,400 |
| Shareholding post issue | 11,774,400 |
| Market Maker portion | 180,000 shares |
Time-Table of Omfurn India FPO
| FPO Open Date | Wednesday, March 20, 2024 |
| FPO Close Date | Friday, March 22, 2024 |
| Basis of Allotment | Tuesday, March 26, 2024 |
| Initiation of Refunds | Wednesday, March 27, 2024 |
| Credit of Shares to Demat | Wednesday, March 27, 2024 |
| Listing Date | Thursday, March 28, 2024 |
| Cut-off time for UPI mandate | 5 PM on March 22, 2024 |
Lot Size of Omfurn India FPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 2400 | Rs 180,000 |
| Retail - maximum | 1 | 2400 | Rs 180,000 |
| HNI - minimum | 2 | 4,800 | Rs 360,000 |
FPO Reservation of Omfurn India Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Omfurn India Limited FPO
| KPI | Values |
| ROE | 10.10% |
| ROCE | 10.28% |
| RoNW | 10.10% |
| P/BV | 2.14 |
| PAT Margin | 0.07% |
EPS and P/E Ratio Post FPO
| Pre FPO | Post FPO | |
| EPS (Rs) | 5.08 | 4.91 |
| P/E | 14.78 | 15.27 |
Promoters of Omfurn India Limited and Their Holdings
The promoters of Omfurn India company are Mr. Rajendra Chitbahal Vishwakarma, Mr. Mahendra Chitbahal Vishwakarma and Mr. Narendra Chitbahal Vishwakarma, Mr. Prashant Rajendra Vishwakarma and Mr. Parmanand Mahendra Vishwakarma.
| Shareholding Pre Issue | 73.40 percent |
| Shareholding Post Issue | 50.96 percent |
Lead Manager(s) of Omfurn India FPO
The lead manager for Omfurn India FPO is Gretex Corporate Services Limited.
How do you apply for the Omfurn India FPO?
Wait for the public issue to open for subscription, then click here to apply for the Omfurn India Limited FPO with Bigul.
How do you check the allotment status of Omfurn India FPO?
The registrar for Omfurn India FPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is Omfurn India FPO?
Omfurn India FPO is a book-built issue of Rs 27 crores. This upcoming FPO issue is completely a fresh issue of 36.00 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new FPO is expected to be finalised on Tuesday, March 26, 2024.
2. Who are the lead managers for the Omfurn India Limited FPO?
Gretex Corporate Services Limited is appointed as the lead manager for the FPO.
3. What is the role of Bigshare Services Private Limited in this FPO?
Bigshare Services Private Limited is the registrar for Omfurn India Limited, handling the FPO's administrative aspects.
4. How can I apply for the Omfurn India FPO?
The public subscription of this new FPO will open on March 20, 2024. Click here to initiate the application process.
5. How will the net proceeds from the FPO be utilised?
The net amount received from this FPO will be utilised for funding the capital expenditure towards installation of plant and machinery. Other than this, proceeds will be used for the repayment or prepayment of certain borrowing availed by the company.
6. How can I check the allotment status of the FPO?
Investors who applied can check the allotment status of the Omfurn India Limited FPO 2024 by visiting here.
7. What is the financial performance of Omfurn India Limited?
Omfurn India posted a revenue of Rs 4,474.78 lakhs and net profit of Rs 289.16 lakhs for the quarter ended on 30 September 2023. Company’s revenue increased by 120.8% and PAT by 593.65% between the FY ending with 31 March 2023 and 31 March 2024.
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