Omfurn India Limited FPO

Company Profile
Company Name Omfurn India Limited FPO
Open Date 20-03-2024
Close Date 22-03-2024
Exchange NSE SME
Lot Size 2400 Shares
Issue Price ₹71 to ₹75 per share
Issue Size 36,00,000 shares
Application Amount ₹1,80,000
Recommendation Avoid
Incorporated in 1997, Omfurn India Limited has its registered office in Mumbai, Maharashtra, India. The company is a manufacturer and supplier of PreFinished Wooden Doors and Modular Furniture in India. The company also design, manufacture and install custom furniture as well as design and execute turnkey interior projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire-rated doors. As of November 30, 2023, the company had a total of 221 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 4,665.35 4,766.30 5,716.59 6,825.97
Net Assets 2,099.11 2,158.92 2,573.79 2,862.95
Total Borrowings 1,585.99 1,595.16 1,138.10 1,890.41
Total Revenue 2,184.54 3,229.79 7,108.10 4,474.78
Profit After Tax -99.42 59.81 414.87 289.17

Tentative Timeline

Opening Date 20-03-2024
Closing Date 22-03-2024
Basis of Allotment 26-03-2024
Initiation of Refunds 27-03-2024
Credit of Shares to Demat 27-03-2024
Listing Date 28-03-2024

Objects of the Issue

Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work.
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.
Funding to meet working capital requirements
General corporate purposes.

Contact Information

Registered Office Omfurn India Limited 109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Mumbai - 400101, Maharashtra, India
Phone +91-2242108900

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 73.40%
Share Holding Post Issue (Promoters) 50.96%

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