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Omfurn India Limited IPO (Omfurn India IPO) Detail

September 29, 2017 - October 5, 2017

Omfurn India IPO is a fixed price issue of Rs 4.17 crores.

Omfurn India IPO bidding started from September 29, 2017 and ended on October 5, 2017. The shares got listed on NSE SME on October 13, 2017.

Omfurn India IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the Omfurn India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Omfurn India IPO RHP for detailed information.

Omfurn India IPO Details

IPO Date September 29, 2017 to October 5, 2017
Listing Date October 13, 2017
Face Value ₹10 per share
Price ₹23 per share
Lot Size 6000 Shares
Total Issue Size1,812,000 shares
(aggregating up to ₹4.17 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Omfurn India IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹138,000
Retail (Max) 1 6000 ₹138,000
Lot Size Calculator

About Omfurn India Limited

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 (Omfurn India IPO Objectives)

The object of the issue are:

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

Omfurn India IPO Review (May apply)

[Dilip Davda]  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 October 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
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Omfurn India IPO Listing Details

Listing Date October 13, 2017
BSE Script Code
NSE Symbol OMFURN
ISIN INE338Y01016
Final Issue Price ₹23 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹23.00
₹27.60
₹21.50
₹27.60
₹22.85

Check IPO Performance…

Omfurn India Limited Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Omfurn India IPO - Buy or Not

Omfurn India IPO Recommendation Summary

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Brokers 1 0 0
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 September 29, 2017, and closes on October 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 September 29, 2017 and closes on October 5, 2017.

Omfurn India IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.

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, Nuvama, 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 October 13, 2017.
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Omfurn India IPO Message Board

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14 Comments

11. RKos |   Link |  Bookmark |October 16, 2017 12:43:14 PM
Best Broker for trading in SME?
10. kiran d |   Link |  Bookmark |October 11, 2017 12:22:18 PM
Allotment out....0/1????
9. nicks Jain |   Link |  Bookmark |October 9, 2017 11:32:24 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ 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 |  Bookmark |October 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 |  Bookmark |October 5, 2017 11:57:40 AM
stockT whats your view on Milton Sme
7. NPP |   Link |  Bookmark |September 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 |  Bookmark |October 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 |  Bookmark |October 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 |  Bookmark |October 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 |  Bookmark |September 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 |  Bookmark |September 30, 2017 2:50:45 PM
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
This post is for Jash
3. LoneRanger |   Link |  Bookmark |September 29, 2017 6:04:35 PM (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 |  Bookmark |September 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 |  Bookmark |September 29, 2017 5:02:22 PM
Should I apply? Please help me