Business description from prospectus – Omfurn India was established in 1997 with a mission to provide premium quality commercial furniture to its customers. The company set up its manufacturing unit in the year 2005. With manufacturing facility hosting sophisticated machinery and recent technology, it is well equipped to supply quality commercial furniture. From a single coffee table to a fully integrated fit out over a number of floors, the company has the expertise to exceed customer’s expectations. Fusing style and function, Omfurn produces innovative and operational commercial furniture solutions for all work and commercial environments. It manufactures and supplies modular furniture which broadly includes hotel furniture, office furniture, school furniture, wooden shutter doors & door frames in terms of customized, system based or Turnkey project’s throughout India.
Its 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. Metal working section at the Umbergaon unit comprises of component manufacturing fabrication, pretreatment & Power Coating. Also at Umbergaon unit, it has recently installed a finishing line which has a Wide Belt Sander machine from Germany and a Kleen Spray Booth from Cefla, ltaly for Sanding and Polishing of Laquer/Veneer based products particularly to cater to hotel industries as well as growing industries of corporate world.
Promoters of Omfurn India – Mr. Rajendra Chitbahal Vishwakarmaand Mr. MahendraChitbahal Vishwakarma
|
Omfurn India IPO details |
|
| Subscription Dates | 29 September – 5 October 2017 |
| IPO Price band | INR23 per share |
| Fresh issue | 1,812,000 shares (INR4.17 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,812,000 shares (INR4.17 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
|
Omfurn India’s financial performance (in INR crore) |
||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 22.5 | 19.8 | 38.7 | 43.9 | 28.2 | |
| Total expenses | 21.5 | 18.6 | 36.7 | 41.0 | 25.8 | |
| Profit after tax | 0.6 | 0.8 | 1.3 | 1.9 | 1.6 | |
Omfurn India Limited
109, Gundecha Industrial Complex
Akrurali Road, Kandivali (East)
Mumbai -400101, Maharashtra
Phone: +91 22 4210 8900
Email: [email protected]
Website: www.omfurnindia.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.06 |
| Day 2 | 0.10 |
| Day 3 | 0.28 |
| Day 4 | 1.33 |
Â
Earnings Per Share (EPS): INR3.22
Price/Earnings (P/E) ratio: 7.14
Return on Net Worth (RONW): 10.31%
Net Asset Value (NAV): INR31.21 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Omfurn India IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 29 September 2017
IPO Closing Date: 5 October 2017
Listing Date: 13 October 2017
Listing Price on NSE SME: INR27.6 per share (up 20% from IPO price)
Closing Price on NSE SME: INR22.85 per share (down 0.65% from IPO price)
