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Omfurn India FPO

  • Status: Closed
  • RHP:
  • ₹ 170,400 / 2400 shares

    Minimum Investment

FPO Listing Details

  • Listing Date

    28 Mar 2024

  • Listing Price

    ₹ 76.60

  • Listing Change

    2.13%

  • Last Traded Price

    ₹ 65.05

FPO Details

  • Open Date

    20 Mar 2024

  • Close Date

    22 Mar 2024

  • FPO Price Range

    ₹ 71 to ₹ 75

  • FPO Size

    ₹ 27.00 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    28 Mar 2024

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FPO Timeline

Omfurn India FPO Subscription Status

Last Updated: 27 March 2024 6:17 PM by 5Paisa

Omfurn India Limited FPO is all set to open from 20th March to 22nd March 2024. The company operates in the Pre-Finished Wooden Doors and Modular Furniture sector. The FPO includes a fresh issue of 3,600,000 shares worth ₹27.00 cr. The share allotment date is 26th March 2024, and the FPO will be listed on 28th March 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 2400 shares.        

Gretex Corporate Services Limited is the book-running lead manager for this FPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Omfurn FPO:

Omfurn India Limited plans to utilize the raised capital from the FPO to:

●    To fund the capital expenditure requirements to install plant and machinery and fund expenses related to civil, electric and fabrication work.
●    To repay or prepay, full or partial borrowings obtained by the company. 
●    For working capital requirements.
●    General corporate purposes.
 

Established in 1997, Omfurn India Limited operates, makes and sells Pre-Finished Wooden Doors and Modular Furniture. The company went public on NSE SME in 2017. Its product portfolio includes wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture through customized, system-based, or turnkey projects across India. 

Omfurn India’s manufacturing facility is based in Umbergaon GIDC, Gujarat and has CNC woodworking machines installed from Germany and Italy. The company also has certifications for quality including e ISO 9001, 14001, and 45001.

Peer Comparison

No listed peers.

For More Information:
Webstory on Omfurn India FPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 70.23 30.84 20.44
EBITDA 8.29 3.16 2.03
PAT 4.14 0.59 -0.99
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 57.16 47.66 46.65
Share Capital 6.81 6.81 6.81
Total Borrowings 31.42 26.07 25.66
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 2.77 1.06 2.87
Net cash from / (used in) investing activities -2.74 0.083 1.60
Net cash flow from / (used in) financing activities -2.87 -1.80 -0.29
Net increase (decrease) in cash and cash equivalents -2.78 -0.61 4.19


Strengths

1.    It has skilled and dedicated manpower.
2.    It has a vast and diversified product portfolio.
3.    The company focuses on high quality and has certification for the same. 
4.    The company enjoys a long-term working relationship with its customers.
5.    The company’s management team is well-experienced.
 

Risks

1.    High working capital requirements.
2.    Any ban on wood cutting by the Government can impact the company. 
3.    The company is dependent on revenues from door manufacturing.
4.    The company faces high competition.
5.    Reported negative PAT in the past. 
 

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FAQs

Omfurn India FPO opens from 20th March to 22nd March 2024.
 

The size of Omfurn India FPO is ₹27 cr. 
 

To apply for Omfurn India FPO, follow the steps given below
●    Login to your 5paisa account and select the issue in the current FPO section    
●    Enter the number of lots and the price at which you wish to apply for the  Omfurn India Limited FPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Omfurn India FPO is fixed at ₹71 to ₹75 per share. 
 

The minimum lot size of Omfurn India FPO is 2400 shares and the investment required is ₹1,70,400.
 

The share allotment date of Omfurn India FPO is 26th March 2024.
 

The Omfurn India FPO will be listed on 28th March 2024.
 

Gretex Corporate Services Limited is the book-running lead manager for Omfurn India FPO.
 

Omfurn India plans to utilize the raised capital from the FPO to:

1.    To fund the capital expenditure requirements to install plant and machinery and fund expenses related to civil, electric and fabrication work.
2.    To repay or prepay, full or partial borrowings obtained by the company. 
3.    For working capital requirements.
4.    General corporate purposes.