OBSC Perfection IPO
- IPO Date22 Oct, 2024 to 24 Oct, 2024
- Listing Date29 Oct, 2024
- Face Value₹10 per share
- Issue Price₹95 to ₹100 per share
- Lot Size1200 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size66,02,400 Shares
(aggregating up to ₹66.02 Cr) - Fresh Issue66,02,400 Shares
(aggregating up to ₹66.02 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,78,50,000
- Shareholding post issue2,44,52,400
IPO Dates
Closing Date
24 Oct, 2024
Initiation of Refunds
28 Oct, 2024
Listing Date
29 Oct, 2024
22 Oct, 2024
Opening Date
25 Oct, 2024
Basis of Allotment
28 Oct, 2024
Credit of Shares
OBSC Perfection Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1200 | ₹1,20,000 |
| HNI (Min) | 2 | 2400 | ₹2,40,000 |
| Retail (Min) | 1 | 1200 | ₹1,20,000 |
OBSC Perfection Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
OBSC Perfection COMPANY INFORMATION
OBSC Perfection IPO is a book built issue of Rs 66.02 crores. The issue is entirely a fresh issue of 66.02 lakh shares. OBSC Perfection IPO opens for subscription on October 22, 2024 and closes on October 24, 2024. The allotment for the OBSC Perfection IPO is expected to be finalized on Friday, October 25, 2024. OBSC Perfection IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 29, 2024. OBSC Perfection IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000. Unistone Capital Pvt Ltd is the book running lead manager of the OBSC Perfection IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for OBSC Perfection IPO is R.K.Stock Holding. Refer to OBSC Perfection IPO RHP for detailed information.
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 Limited (OPL) IPO
IPO Overview and Key Highlights
OBSC Perfection Limited (OPL) is offering its Initial Public Offering (IPO) of up to 66,02,400 equity shares with a face value of 10 each. This IPO is a 100% fresh issue, raising funds for general corporate purposes, working capital, and expansion projects. The shares are proposed to be listed on the NSE Emerge Platform.
Key IPO Details
- Type of Issue: 100% Book Built
- Total Issue Size: 66,02,400 Equity Shares
- Face Value: Rs10 per share
- Listing Exchange: NSE Emerge Platform
- Promoters: Saksham Leekha, Ashwani Leekha, Sanjeev Verma, and others
- Issue Opens: October 22, 2024
- Issue Closes: October 24, 2024.
Company Overview
OBSC Perfection Limited, incorporated in 2017, is a key player in bright steel production and component manufacturing. The company operates multiple manufacturing facilities and serves a range of industries, including automotive, aerospace, and construction. With its focus on high-quality manufacturing, OPL has established a strong reputation and customer base in these sectors?.
Financial Overview
The company has demonstrated solid financial performance, marked by revenue growth driven by an expanding customer base. The IPO proceeds will aid OPL’s expansion, positioning it to cater to the growing demand in both domestic and international markets.
Key Strengths of OBSC Perfection Limited
- Experienced Promoters: The company’s leadership includes industry veterans with deep expertise in manufacturing and steel production.
- High-Quality Product Line: OPL’s focus on high-quality bright steel products and components positions it as a trusted supplier.
- Strategic Market Position: The company serves multiple industries, diversifying its revenue streams and reducing dependency on a single market?.
IPO Pros and Cons
Pros
- Growth in Manufacturing Sector: Increasing industrialization and demand for steel products in India support OPL’s market expansion.
- Diverse Industry Presence: OPL’s client base across various industries helps to mitigate risk.
- No Offer for Sale: Since the IPO is solely a fresh issue, all proceeds will contribute directly to the company’s growth plans?.
Cons
- Market Dependency: OPL’s performance is closely tied to the health of the manufacturing and construction industries.
- Competitive Landscape: The bright steel and component manufacturing industry is competitive, with several established players.
- First Public Issue: As a first-time public offering, there is uncertainty about the stock’s post-listing performance?.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: The demand for steel products can fluctuate with economic conditions, potentially impacting OPL’s growth.
- Project Execution Risks: The company’s growth plans rely on timely expansion of manufacturing facilities, which could face delays.
- Intense Competition: OPL operates in a competitive industry, which could put pressure on profit margins?.
Conclusion
The OBSC Perfection Limited IPO provides an opportunity for investors interested in the manufacturing and steel production sectors. With a diversified client base, experienced management, and strong growth potential, OPL is positioned well for future expansion. However, investors should carefully consider the associated risks of industry competition and economic dependency before investing in this IPO.
FAQs About Obsc Perfection Ipo
OBSC Perfection IPO will open on 22 Oct, 2024 and close on 24 Oct, 2024. Investors must apply within this period to participate.
The OBSC Perfection IPO price band is set between ₹95.00 and ₹100.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹120000.00.
The OBSC Perfection IPO shares are expected to be listed on 29 Oct, 2024, subject to regulatory approvals and final allotment.
You can track your OBSC Perfection IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The OBSC Perfection IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.