Omfurn India Limited
Book Built Issue IPO · NSE
- Price band
- ₹71 - ₹75
- Lot size
- 2,400 shares
- Issue amount
- ₹27 cr
- Total subscription
- 3.64×
- Opens
- 20 Mar 2024
- Closes
- 22 Mar 2024
- Allotment
- 26 Mar 2024
- Listing
- 28 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 36,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,70,400
- Fresh issue
- ₹27 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,80,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 81,74,400
- Shares after issue
- 1,17,74,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,400 | ₹1,80,000 |
| HNI | 2 | 4,800 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.8 | 8.84 |
| RETAIL | 8.98 | 56.84 |
| NIB | 3.85 | 13 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.54 | 5.08 | 0.73 |
| ROE | 10.1 | 16.12 | 2.77 |
| ROCE | 10.28 | 19.36 | 5.39 |
| RONW | 10.1 | 16.12 | 2.77 |
| PRE IPO(PE) | 2.14 | 0 | 0 |
| POST IPO(PE) | 14.78 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Omfurn India Limited, established in 1997, is a leading manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture, catering to diverse sectors including residential, commercial, and institutional spaces. Its extensive product portfolio encompasses wooden doors, modular kitchen setups, wardrobes, vanities, and modern office furniture, alongside custom-designed solutions and turnkey interior projects for hotels, malls, hospitals, IT parks, and international schools. The company’s listing on the NSE SME in 2017 highlights its industry credibility and growth trajectory. With a state-of-the-art manufacturing facility spanning 1,61,460 square feet in Umbergaon, Omfurn India Limited ensures superior quality, efficient production, and customer satisfaction, reinforcing its competitive edge in the market.
Strengths
- Experienced Management and Motivated Team: and the leadership’s deep industry knowledge, combined with a motivated workforce, supports strong decision-making, effective planning, and quick adaptability to market changes.
- Skilled and Dedicated Manpower: and the presence of highly skilled and committed employees ensures high productivity, operational efficiency, and consistent innovation across the company.
- Compliance with Quality Standards: and the company’s strict adherence to industry quality requirements helps deliver reliable products, strengthening customer trust, satisfaction, and long-term loyalty.
Risk factors
- Lack of Long-Term Agreements with Customers: and the absence of fixed purchase contracts creates uncertainty in demand, increasing the risk of customers shifting to alternative suppliers or reducing orders, which can impact revenue and profitability.
- Leased and Licensed Premises: and operating from leased or licensed locations exposes the company to compliance risks, where any breach of agreement terms may lead to legal issues, operational disruptions, or even loss of premises.
- Delays in Payment of Statutory Dues: and past delays in paying GST, EPF, and other statutory dues increase regulatory risks, potential penalties, and financial strain, which could hurt the company’s credibility and overall business operations.
Promoters
Mr. Rajendra Chitbahal Vishwakarma
Mr. Mahendra Chitbahal Vishwakarma
Mr. Narendra Chitbahal Vishwakarma
Mr. Prashant Rajendra Vishwakarma
Mr. Parmanand Mahendra Vishwakarma
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Mumbai - 400101, Maharashtra
+91-2242108900
[email protected]Company website ↗Understanding OMFURN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.