OBSC Perfection IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 22 Oct - 24 Oct- 2024

Price: ₹100
Lot Size:   1200 Shares
Allotment Date: 25-Oct-2024
Listing Date: 29-Oct-2024
IPO Size:Approx ₹66.02 Crores

IPO GMP:- 11.00% Or ₹11
Listing Gain 11.00%

OBSC Perfection IPO Details: The OBSC Perfection IPO is set to open on October 22, 2024, and will close on October 24, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹66.02 crores. This amount comprises a fresh issue of ₹66.02 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.

The price band for the OBSC Perfection IPO is set between ₹95 and ₹100 per share. The allocation of shares is structured as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The shares are expected to be listed on the NSE on October 29, 2024, with the allotment date scheduled for October 25, 2024.

In terms of financial performance, the company reported revenue of ₹116.11 crores in 2024, up from ₹96.91 crores in 2023. Additionally, the profit for 2024 was ₹12.21 crores, a significant increase from ₹4.57 crores in the previous year. Given these financial results, investors are encouraged to consider applying for the IPO with a long-term perspective.

OBSC Perfection IPO Objectives:

  1. Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit III”) at No. 126, Mappedu Village, Sriperumbudhur Taluka-Mappedu, Thiruvallur631402, Tamil Nadu, India. (“Proposed Expansion at Unit III”);
  2. Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit IV”) at Gat no. 417, Nighoje, Near Hotel Maha Laxmi and Mess, Nighoje, Chakan, Taluka-Khed, Pune-410501, Maharashtra, India. (“Proposed Expansion at Unit IV”);
  3. Funding working capital requirements of the Company; and
  4. General Corporate Purposes.

OBSC Perfection IPO Review (Apply or Not)

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OBSC Perfection IPO Objectives:

IPO Open Date:October 22, 2024
IPO Close Date:October 24, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹95 to ₹100 Per Share
Issue Size:Approx ₹66.02 Crores
Fresh Issue:Approx ₹66.02 Crores
Offer for Sale:Approx [.] Equity Shares
Issue Type:Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

OBSC Perfection IPO Lot Size:

The minimum market lot for the OBSC Perfection IPO is set at 1,200 shares, requiring an application amount of ₹120,000.

ApplicationLot SizeSharesAmount
Retail Minimum11,200₹120,000
Retail Maximum11,200₹120,000
S-HNI Minimum22,400₹240,000

OBSC Perfection IPO Timeline:

The OBSC Perfection IPO will open on October 22, 2024, and close on October 24, 2024. Allotment details for the IPO will be finalized on October 25, 2024, with the shares expected to be listed on October 29, 2024.

IPO Open Date:October 22, 2024
IPO Close Date:October 24, 2024
Basis of Allotment:October 25, 2024
Refunds:October 28, 2024
Credit to Demat Account:October 28, 2024
IPO Listing Date:October 29, 2024

OBSC Perfection IPO GMP Today:

The latest Grey Market Premium (GMP) for the OBSC Perfection SME IPO is ₹11. With the price band set at ₹100.00, the estimated listing price for the OBSC Perfection SME IPO is projected to be ₹111, which combines the cap price with today’s GMP. This reflects an expected percentage gain of 11.00% per share.

Promoters of OBSC Perfection IPO

The promoters of the company are Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum , Pascal Blum, Simon Blum , Omega Bright Steel And Components Private Limited, Omega Bright Steel Private Limited, Ess U Enterprises Private Limited And Bluwat Ag.

About OBSC Perfection Limited

Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering a wide range of precision engineering products, which are high-quality engineered parts for various end-user industries and regions.

OBSC Perfection manufactures a range of precision metal components including but not limited to cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housings; brass and aluminum, fork bolt, fasteners, connectors, ball pin, ball pin housing, flanges, male-female rings, dozing adapter. As of July 23, 2024, the company has a product portfolio of 24 products.

OBSC Perfection caters to Original Equipment Manufacturers (OEMs) who ultimately supply various components and parts to leading automobile manufacturers in India. In the non-automotive sector, the company supplies manufacturers in the defense, marine, and telecom infrastructure sectors.

The company has four manufacturing facilities, three of which are located in Pune, Maharashtra, a major automotive hub, namely Unit I (main manufacturing facility), Unit II, Unit IV, and one in Chennai, Tamil Nadu, another major automotive hub.

Competitive strengths

  • Production facilities in two of the most important automotive centers in India
  • Strategic advantage through close supply chain with neighboring raw material suppliers
  • Consistent track record of growth and financial performance
  • Experienced and dedicated promoter and professional management team with extensive expertise

As of July 12, 2024, the company had 85 permanent employees.

OBSC Perfection IPO Company Financial Report

The company reported revenue of ₹116.11 crores in 2024 against ₹96.91 crore in 2023. The company reported profit of ₹12.21 crores in 2024 against profit of ₹4.57 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹56.72₹52.40₹3.60₹48.47
2023₹96.91₹90.60₹4.57₹69.16.
2024₹116.11₹99.68₹12.21₹86.51

OBSC Perfection IPO Valuation – FY2024

Check OBSC Perfection IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:40.61%
ROCE:31.49%
EBITDA Margin:18.05%
PAT Margin:10.62%
Debt to equity ratio:1.38
Earning Per Share (EPS):₹6.84 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):40.61%
Net Asset Value (NAV):₹16.85

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
RACL Geartech Limited36.5432.3019.24%189.96409.52 Cr.
Talbros Automotive Components Limited17.8220.3520.47%87.02778.27 Cr.

OBSC Perfection IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

IPO Lead Managers aka Merchant Bankers

  • Unistone Capital Pvt Ltd

Company Address

OBSC Perfection Limited
6F, 6th Floor, M-6, Uppal Plaza,
Jasola District Centre,
South Delhi- 110025
Phone: 022-2697 2586
Email: abhishek@obscperfection.com
Website: http://www.anglianomega.net/

OBSC Perfection IPO FAQs

What is the OBSC Perfection IPO?

The OBSC Perfection IPO is a Small and Medium Enterprises (SME) IPO aiming to raise ₹66.02 crores. The shares are priced between ₹95 and ₹100 each, and the IPO will be listed on the NSE.

When will the OBSC Perfection IPO open for subscription?

The IPO will open for subscription on October 22, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The subscription period will close on October 24, 2024.

What is the investor portion for the OBSC Perfection IPO?

The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.

How to apply for the OBSC Perfection IPO?

You can apply for the OBSC Perfection IPO online through the Application Supported by Blocked Amount (ASBA) using your bank account. Additionally, you can apply via UPI through your stockbroker or submit an offline application form through your stockbroker.

What is the issue size of the OBSC Perfection IPO?

The issue size of the OBSC Perfection IPO is ₹66.02 crores.

What is the price band for the OBSC Perfection IPO?

The price band for the OBSC Perfection IPO is set between ₹95 and ₹100.

What is the lot size for the OBSC Perfection IPO?

The minimum bid is for 1,200 shares, requiring an application amount of ₹120,000.

What is the allotment date for the OBSC Perfection IPO?

The allotment date for the OBSC Perfection IPO is October 25, 2024.

What is the listing date for the OBSC Perfection IPO?

The OBSC Perfection IPO is scheduled to be listed on the NSE on October 29, 2024.

IPO Date: 22 Oct - 24 Oct- 2024

Price: ₹100
Lot Size:   1200 Shares
Allotment Date: 25-Oct-2024
Listing Date: 29-Oct-2024
IPO Size:Approx ₹66.02 Crores

IPO GMP:- 11.00% Or ₹11
Listing Gain 11.00%

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