Omfurn India Limited

20 Mar 2024 - 22 Mar 2024 Individual Category FPO NSE

Min Investment

₹340800

Price Band

₹71-₹75

Issue Size

30.65 lakhs
Equity Shares

Lot Size

2400 (per lot)

IPO Dates
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20 Mar 2024

Open Date

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22 Mar 2024

Close Date

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26 Mar 2024

Allotment Date

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28 Mar 2024

Listing Date

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. 

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About Omfurn India Limited

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. 

Founded

1997

Managing Director

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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