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SME FPO Status: Listed [20th Mar 2024 to 22nd Mar 2024]
Omfurn India IPO, a SME FPO of ₹27.00 Cr was launced on 20-03-2024 to 22-03-2024 and the shares got listed on NSE SME on 28-03-2024.
The public issue of Omfurn India IPO (OMFURN) was offered at ₹75.00 per share and the ipo was listed at ₹76.60. It has delivered listing gain of 2.13%.
As the minimum lot size was 2400 shares, the IPO has offered Rs 3840.00 per lot return on listing.
| SME FPO Issue Opening Date: | 20th Mar 2024 |
| SME FPO Issue Closing Date: | 22nd Mar 2024 |
| SME FPO Issue Price: | ₹71.00-75.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME FPO Issue Type: | Book Build Issue |
| SME FPO Issue Size: | ₹27.00 Cr |
| Fresh Issue: | ₹27.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME FPO Discount: | TBD |
| Promoter Holding Pre IPO: | 73.40% |
| Promoter Holding Post IPO: | 50.96% |
| Allotment Status: | Allotment Status |
| NSE Code: | OMFURN |
Get important updates regarding Omfurn India SME FPO tentative timeline covering SME FPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME FPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Mar 2024 |
| Refunds Initiation* | 27th Mar 2024 |
| Credit of Shares to Demat* | 27th Mar 2024 |
| SME FPO Listing Date* | 28th Mar 2024 |
* - Tentative Dates
| SME FPO Activity | Date |
|---|---|
| Issue Price | ₹71.00-75.00 |
| Market Lot: | 2400 Shares |
| 1 Lot Amount: | ₹180000 |
| Min HNI Lots: | 4800 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-03-2024 | 75.00 | 0 | -- | ₹75 (0%) | 30-Mar-2024 8:56 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 1997, Omfurn India Limited offers a wide range of wooden doors and furniture for modular kitchens, wardrobes, vanities and modern office furniture through customized, system-based or turnkey projects PAN India. Their team consists of professionals who are specialized in their respective fields. A team of technical administrators, project staff and engineers work with architects, interior designers, management personnel etc. to deliver the best furnishing products available. They are committed to nature and their planet Earth. They believe in providing environmentally sustainable products to protect their heritage for future generations. To this end, they are Green Building Certified and have completed Greenfield projects in India.
The manufacturing facility is outfitted with cutting-edge computer numerical control (CNC) woodworking machinery that has been imported from Germany and Italy. These machines are known for their exceptional precision and efficiency, which enable the company to produce superior-quality furniture items. The in-house design department forms an integral part of the infrastructure, providing comprehensive furniture solutions that align with the latest design trends. To ensure that the finished products meet exacting standards, the company carries out extensive testing of raw materials in the in-house quality laboratory, which adheres to both Indian standards and in-house specifications.
Apart from the quality lab, the factory also has a dedicated showroom area where a wide range of products are displayed. In this area, customers receive valuable information about the products, inspiration and an insight into the value their furniture can add to their lives. The showroom area is designed to help customers make informed decisions about their furniture purchases and provide them with a memorable and informative shopping experience.
| Incorporation | Sector | IPO Issue Size | Website |
| 1997 | Interior Designing | ₹27.00 Cr | https://www.omfurnindia.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
(1) Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work;
(2) Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
(3) Funding to meet working capital requirements; and
(4) General corporate purposes.
The table below is live update of SME FPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,173,600 (40.68%) | 513,600 (17.8%) | 1,197,600 (41.51%) | 2,884,800 | |
| 1 | 20th Mar 2024 19:31 | 0.00x | 0.43x | 0.76x | 0.39x |
| 2 | 21st Mar 2024 19:31 | 1.00x | 0.32x | 2.81x | 1.63x |
| 3 | 22nd Mar 2024 18:23 | 1.00x | 3.02x | 6.33x | 3.57x |
Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Amount in ₹ Lakhs | ||||
Last Updated on 01-Apr-2024 07:03:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Omfurn India SME FPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Omfurn India SME FPO with Zerodha.
Alternate approch to apply in Omfurn India SME FPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Omfurn India SME FPO Review and Important Updates
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To subscribe or apply in Omfurn India SME FPO, you can use the following methods:
| Omfurn India SME FPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Omfurn India SME FPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Omfurn India SME FPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Omfurn India SME FPO. Most of the Syndicate Banks provide access to apply in Omfurn India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Omfurn India SME FPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Omfurn India SME FPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Omfurn India SME FPO Review and Important Updates
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Omfurn India SME FPO is going to be list on 28-03-2024. NSE Code for Omfurn India is OMFURN.
Other relevant questions:
When Omfurn India SME FPO will be listing? Omfurn India SME FPO NSE listing date?Omfurn India SME FPO date of listing
Omfurn India SME FPO Allotment Date is 26-03-2024.
Other relevant questions:
Omfurn India SME FPO share allotment date?Omfurn India SME FPO allotment date?
