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.

Company Promoters:

The promoters of the company are:

1. Mr. Rajendra Chitbahal Vishwakarmaand
2. Mr. MahendraChitbahal Vishwakarma

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

IPO Date	Sep 29, 2017 - Oct 5, 2017
Issue Type	Fixed Price Issue IPO
Issue Size	1,812,000 Eq Shares of ₹10 (aggregating up to ₹4.17 Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹23 Per Equity Share
Market Lot	6000 Shares
Min Order Quantity	6000 Shares
Listing At	NSE SME

Omfurn India IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	6000	₹138,000
Maximum	1	6000	₹138,000

Omfurn India IPO Subscription Status (Bidding Detail)

Omfurn India IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Others	Total
Shares Offered	-	-	-	-	-	-
Oct 5, 2017 17:00

Omfurn India IPO Prospectus

› Omfurn India IPO RHP

Omfurn India IPO Rating

4.0

Rating:

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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 Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹23.00
Open:	₹27.60
Low:	₹21.50
High:	₹27.60
Last Trade:	₹22.85
Volume:	216,000

Omfurn India IPO Reviews / Ratings

Dilip Davda - Other

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Omfurn India IPO Lead Manager(s)

Sarthi Capital Advisors Private Limited

Lead Manager Reports

Omfurn India IPO FAQs

1. What is Omfurn India IPO?

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 price of the IPO is ₹23 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

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.
2. When Omfurn India IPO will open?

The Omfurn India IPO opens on Sep 29, 2017 and closes on Oct 5, 2017.
3. How to apply for Omfurn India IPO?

Omfurn India IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Omfurn India IPO allotment?

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.
5. When is Omfurn India IPO listing date?

The Omfurn India IPO listing date is on Friday, October 13, 2017, at NSE SME.
6. What is the lot size of Omfurn India IPO?

Omfurn India IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

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Omfurn India IPO Review / Comments

11. RKos Oct 16, 2017 12:43

Best Broker for trading in SME?

10. kiran d Oct 11, 2017 12:22

Allotment out....0/1😑

9. nicks Jain Oct 9, 2017 11:32

Top Contributor (300+ Posts, 500+ 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 Oct 5, 2017 10:15

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 Oct 5, 2017 11:57

stockT whats your view on Milton Sme

7. NPP Sep 29, 2017 18:14

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 Oct 4, 2017 22:56

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 Oct 4, 2017 17:55

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 Oct 1, 2017 21:06

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 Sep 30, 2017 12:15

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 Sep 30, 2017 14:50

Top Contributor (200+ Posts, 500+ Likes)

This post is for Jash

3. LoneRanger Sep 29, 2017 18:04

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 Sep 29, 2017 17:40

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 Sep 29, 2017 17:02

Should I apply? Please help me

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