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Omfurn India Limited IPO (Omfurn India IPO) Detail

Sep 29, 2017 - Oct 5, 2017

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.

Objects of the Issue

The object of the issue are:

1. To part finance the expansion project;
2. General Corporate Purposes;
3. Issue Expenses.

Omfurn India IPO Details

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 Size1,812,000 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
2. Mr. MahendraChitbahal Vishwakarma

Omfurn India IPO Lot Size

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

Omfurn India IPO Review

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...


Omfurn India IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Omfurn India IPO Prospectus

Omfurn India IPO Rating

45
4.0
Rating:Rated 4.0 stars
Vote Here ...

Omfurn India IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹23.00
Open: ₹27.60
Low: ₹21.50
High: ₹27.60
Last Trade: ₹22.85

Company Contact Information

Omfurn India Limited
109 Gundecha Indl. Complex,
Akrurali Road,
Mumbai - 400101
Phone: +91-22-42108900
Email: omfurn@omfurnindia.com
Website: http://www.omfurnindia.com

Omfurn India IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Omfurn India IPO Review

Omfurn India IPO Recommendation Summary

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Members 0 0 0

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Omfurn India IPO FAQs

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.

The Omfurn India IPO listing date is on Friday, October 13, 2017.
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Omfurn India IPO Message Board

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14 Comments

11. RKos |   Link |Oct 16, 2017 12:43:14 PM
Best Broker for trading in SME?
10. kiran d |   Link |Oct 11, 2017 12:22:18 PM
Allotment out....0/1????
9. nicks Jain |   Link |Oct 9, 2017 11:32:24 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
To ALL EXPERTS,

In My View its definitely make sense to apply 2 Lac in Retail Category.
As there is 45 Rs Discount and even if after that it opens 15-20 Rs Down, then also you have 20-25 Rs Premium, which makes ( 208 Shares * 20 ) = 4160 Rs.
Pls advise on the same
Thanks

8. STOCKT |   Link |Oct 5, 2017 10:15:21 AM
sarthi capital both issues today did not do well . all other em performed so well

avoid sarthi capital issues they are highly risky
8.1. Dev Chaudhary |   Link |Oct 5, 2017 11:57:40 AM
stockT whats your view on Milton Sme
7. NPP |   Link |Sep 29, 2017 6:14:21 PM
Company has given two bonus in last 15 years ,
Share increased 1 to 10 in 2007 ,
Share increased 10 to 100 ,
Thus 1 share become 100 share * 23 price of Issue = 2300 ,
Rs 10 increased 230 times and become Rs 2300
This is in short span of 20 years ,
If this speed will be remain , Imagine growth of your investment ,
Expert Pl put your views ..........
7.1. RMK |   Link |Oct 4, 2017 10:56:42 PM
My query is when company revenue was decreased by 36% .i.e 43.8 Crore (16-17) to 28.19 Crore (15-16) and PAT as well decreased compare with last year how bonus shares declared that to 9 bonus shares to 1 share in Feb 2017.
6. Dev Chaudhary |   Link |Oct 4, 2017 5:55:56 PM
Year Total Revenue(in Rs Lacs)      PAT(in Rs Lacs)
2013       2,252.58       62.24
2014       1,975.93       76.38
2015       3,866.01.        130.68
2016       4,387.83       187.47
2017       2,819.05.        160.93

Year End Debt to Equity Ratio
2013      0.59
2014      0.51
2015      0.41
2016      0.54
2017      0.45

EPS:

Year end      EPS(Basic in Rs)
2013      1.24
2014      1.53
2015      2.61
2016      3.75
2017      3.22

Minimum Return on Total Net Worth after Issue needed to maintain Pre-Issue EPS for the year ended
March 31, 2017 – 11.03%
5. Net Asset Value (NAV)
Particulars Amount(Rs.)
Net Asset Value per Equity Share as of March 31, 2017 31.21
Net Asset Value per Equity Share after the Issue 29.13
Issue Price per equity share 23.00
NAV per Equity Share has been calculated as Net Worth as divided by number of Equity Shares

Omfurn get the all business through a bidding process and was failed to get some orders in 2017 so thats why a fall occurs in topline growth....
5. Dev Chaudhary |   Link |Oct 1, 2017 9:06:43 PM
Currently there are so many SME ipo runing now!
do your hard analysis before apply in any sme ipo!dont go blind with anybody suggestions!! because there will be nobody in your lose or profit if any occurs!
4. Ficpl |   Link |Sep 30, 2017 12:15:52 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
One should apply for this for listing Gain.

13.8 PE but in Unique business line.

QIB Subscription will be good overall.
4.1. Ficpl |   Link |Sep 30, 2017 2:50:45 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
This post is for Jash
3. LoneRanger |   Link |Sep 29, 2017 6:04:35 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Very small company as is the issue size, thus a very high risk.
I will avoid it.
The topline has decreased significantly in the FY17.
2. Dev Chaudhary |   Link |Sep 29, 2017 5:40:56 PM
on first sight Looking very Attractive by the numbers of data!!
But the issue is very small only 302 lots is there to be allotted so rarest chance of the allotment!
1. Kashishhhh |   Link |Sep 29, 2017 5:02:22 PM
Should I apply? Please help me