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On Door Concepts IPO is a fixed price issue of Rs 31.18 crores. The issue is entirely a fresh issue of 14.99 lakh shares.
On Door Concepts IPO bidding started from October 23, 2023 and ended on October 27, 2023. The allotment for On Door Concepts IPO was finalized on Tuesday, October 31, 2023. The shares got listed on NSE SME on November 1, 2023.
On Door Concepts IPO price is ₹208 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹249,600.
First Overseas Capital Limited is the book running lead manager of the On Door Concepts IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for On Door Concepts IPO is Bhh Securities.
Refer to On Door Concepts IPO RHP for detailed information.
| IPO Date | October 23, 2023 to October 27, 2023 |
| Listing Date | November 1, 2023 |
| Face Value | ₹10 per share |
| Price | ₹208 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Fresh Issue | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,149,812 |
| Share holding post issue | 5,648,612 |
| Market Maker portion | 86,400 shares Bhh Securities |
On Door Concepts IPO offers 1,498,800 shares. 706,200 (47.12%) to NII, 706,200 (47.12%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 86,400 (5.76%) |
| Other Shares Offered | 706,200 (47.12%) |
| Retail Shares Offered | 706,200 (47.12%) |
| Total Shares Offered | 1,498,800 (100%) |
On Door Concepts IPO opens on October 23, 2023, and closes on October 27, 2023.
| IPO Open Date | Monday, October 23, 2023 |
| IPO Close Date | Friday, October 27, 2023 |
| Basis of Allotment | Tuesday, October 31, 2023 |
| Initiation of Refunds | Wednesday, November 1, 2023 |
| Credit of Shares to Demat | Wednesday, November 1, 2023 |
| Listing Date | Wednesday, November 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
Investors can bid for a minimum of 600 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 | 600 | ₹124,800 |
| Retail (Max) | 1 | 600 | ₹124,800 |
| HNI (Min) | 2 | 1,200 | ₹249,600 |
| Lot Size Calculator | |||
The promoters of the company are NSB BPO Solutions Private Limited, Mr. Narendra Singh Bapna, Mr. Pramod Ramdas Ingle, Mrs. Swati Bapna and Mrs. Vaishali Ingle
| Share Holding Pre Issue | 51.92% |
| Share Holding Post Issue | 38.14% |
Incorporated in December 2014, Ondoor Concepts is an e-commerce website catering to the needs of grocery and home essentials. In Jan 2015, the company opened its first store in Bhopal, Madhya Pradesh. As of 31st March 2023, the company has established 55 stores across various cities in Madhya Pradesh out of which 17 stores are owned and operated by the company. The rest of the 38 stores are operated through the franchisee model.
The company deals in the following product categories:
The competitive strength of the company includes:-
On Door Concepts Limited's revenue increased by 3.93% and profit after tax (PAT) rose by 343.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,009.46 | 7,782.37 | 6,563.49 |
| Revenue | 18,015.02 | 17,333.09 | 18,306.01 |
| Profit After Tax | 1,306.18 | -536.98 | -523.44 |
| Net Worth | 5,120.78 | -6,625.38 | -6,088.40 |
| Reserves and Surplus | 4,734.32 | -6,827.89 | -6,290.91 |
| Total Borrowing | |||
| Amount in ₹ Lakhs | |||
The market capitalization of On Door Concepts IPO is Rs 117.49 Cr.
| KPI | Values |
|---|---|
| ROE | 25.51% |
| ROCE | 50.90% |
| RoNW | 25.51% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 56.77 | |
| P/E (x) | 4.56 | 87.76 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Augmenting additional working capital requirements
2. General Corporate Purpose
[Dilip Davda] The company posted losses for FY21 and FY22 which are still on the balance sheet. Hefty premiums collected for equity issues has helped it to post positive NAV. Based on annualized FY24 earnings, the issue appears greedily priced. The management is confident of improving numbers in coming years as it has become debt free. Well-informed/cash surplus investors may park funds for medium to long-term rewards. Read detail review...
The On Door Concepts IPO is subscribed 5.59 times on October 27, 2023 7:29:00 PM. The public issue subscribed 7.87 times in the retail category, times in the QIB category, and 3.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.16 |
| Retail | 7.87 |
| Total | 5.59 |
Total Application : 9,259 (7.87 times)
| Listing Date | November 1, 2023 |
| BSE Script Code | |
| NSE Symbol | ONDOOR |
| ISIN | INE00ER01015 |
| Final Issue Price | ₹208 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹208.00 |
| ₹214.00 |
| ₹203.30 |
| ₹218.00 |
| ₹203.40 |
On Door Concepts Limited
Phoenix Corporate Park, First Floor,
Opp. Vrindawan Garden,
Hoshangabad Road Bhopal, 462026
Phone: +91 755 3511480
Email: cs@ondoor.com
Website: http://www.ondoor.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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On Door Concepts IPO is a SME IPO of 1,498,800 equity shares of the face value of ₹10 aggregating up to ₹31.18 Crores. The issue is priced at ₹208 per share. The minimum order quantity is 600 Shares.
The IPO opens on October 23, 2023, and closes on October 27, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in On Door Concepts IPO using UPI as a payment gateway. Zerodha customers can apply in On Door Concepts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in On Door Concepts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The On Door Concepts IPO opens on October 23, 2023 and closes on October 27, 2023.
On Door Concepts IPO lot size is 600 Shares, and the minimum amount required is ₹124,800.
You can apply in On Door Concepts 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 On Door Concepts IPO will be done on Tuesday, October 31, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 1, 2023. Check the On Door Concepts IPO allotment status.
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