OBSC Perfection Limited

22 Oct 2024 - 24 Oct 2024 Individual Category IPO NSE

Min Investment

₹120000

Price Band

₹95-₹100

Issue Size

47.23 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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22 Oct 2024

Open Date

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24 Oct 2024

Close Date

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25 Oct 2024

Allotment Date

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29 Oct 2024

Listing Date

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 IPO allotment 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.

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About Obsc Perfection Limited

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.

Founded

2017

Managing Director

Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blu

Parent Organization

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.

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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