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Incorporated in 1997, Omfurn India Limited produces and sells commercial furniture in India. The company offers hotel furniture, office furniture, school furniture, wooden shutter doors, and door frames.
They also designs, manufactures and installs custom furniture and designs and executes turnkey interiors projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire rated doors.
Company's manufacturing unit is situated in Umbergaon, Gujarat, having constructed area of appx. 80,000 sq. ft. This unit is equipped with latest woodworking CNC machines from Italy, Germany, Turkey & Austria of the leading international brands.
The object of the issue are:
1. To part finance the expansion project;
2. General Corporate Purposes;
3. Issue Expenses.
| Omfurn India IPO Date | Sep 29, 2017 to Oct 5, 2017 |
| Omfurn India IPO Face Value | ₹10 per share |
| Omfurn India IPO Price | ₹23 per share |
| Omfurn India IPO Lot Size | 6000 Shares |
| Issue Size | 1,812,000 shares of ₹10 (aggregating up to ₹4.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The promoters of the company are: 1. Mr. Rajendra Chitbahal Vishwakarmaand |
The Omfurn India IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹138,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
Although issue pricing is lucrative, considering decline in top line its immediate future looks gloomy, risk savvy investors may consider investment for long term. Read detail review...
The Omfurn India IPO is subscribed times on Oct 5, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, October 13, 2017 |
| BSE Script Code | |
| NSE Symbol | OMFURN |
| Listing In | |
| ISIN | INE338Y01016 |
| IPO Price | ₹23 per share |
| Face Value | ₹10 per share |
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Omfurn India Limited
109 Gundecha Indl. Complex,
Akrurali Road,
Mumbai - 400101
Phone: +91-22-42108900
Email: omfurn@omfurnindia.com
Website: http://www.omfurnindia.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Omfurn India IPO is a SME IPO of 1,812,000 equity shares of the face value of ₹10 aggregating up to ₹4.17 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Sep 29, 2017, and closes on Oct 5, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Omfurn India IPO opens on Sep 29, 2017 and closes on Oct 5, 2017.
Omfurn India IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in Omfurn India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Omfurn India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Omfurn India IPO allotment status.
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