The OBSC Perfection IPO is set as a book-built issue, amounting to ₹66.02 crores, with the entire amount representing a fresh issuance of 66.02 lakh shares.
The subscription period for the IPO is scheduled from October 22, 2024, to October 24, 2024, while the allotment is anticipated to be finalized on Friday, October 25, 2024. The tentative listing date on the NSE SME has been established as Tuesday, October 29, 2024.
The price band for the OBSC Perfection IPO has been determined between ₹95 and ₹100 per share. A minimum lot size of 1,200 shares is required for an application, with retail investors needing to invest at least ₹120,000. For high-net-worth individuals (HNIs), the minimum investment is set at two lots, totaling 2,400 shares, equating to ₹240,000.
Read OBSC Perfection IPO RHP for detailed information.
| IPO Date | October 22, 2024 to October 24, 2024 |
| Listing Date | October 29, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 95 to ₹ 100 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | ₹66.02 Cr |
| Fresh Issue | ₹66.02 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,850,000 |
| Share holding post issue | 24,452,400 |
| Market Maker portion |
OBSC Perfection Limited IPO opens on October 22, 2024, and closes on October 24, 2024.
| IPO Open Date | October 22, 2024 |
| IPO Close Date | October 24, 2024 |
| Basis of Allotment | October 25, 2024 |
| Initiation of Refunds | October 28, 2024 |
| Credit of Shares to Demat | October 28, 2024 |
| Listing Date | October 29, 2024 |
| Cut-off time for UPI mandate confirmation | October 24, 2024 |
A minimum bid of 1,200 shares, and in multiples thereof, is allowed for the investors. The table below shows the minimum and maximum investment amounts for retail investors and high-net-worth individuals (HNIs) in terms of the number of shares and the corresponding investment amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | Rs.120,000 |
| Retail (Max) | 1 | 1,200 | Rs.120,000 |
| S-HNI (Min) | 2 | 2,400 | Rs.240,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
OBSC Perfection Limited, established in 2017, is recognized as a precision metal components manufacturer, providing a diverse range of precision-engineered products. These products include high-quality engineered parts used across various industries and regions.
A variety of precision metal components are manufactured by OBSC Perfection, such as cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor bosses, sleeves, push plates, hubs, housings, and components made from brass and aluminum. Additionally, products like fork bolts, fasteners, connectors, ball pins, ball pin housings, flanges, male-female rings, and dozing adapters are included in the portfolio, which comprises 24 products as of July 23, 2024.
The company supplies Original Equipment Manufacturers (OEMs) who, in turn, provide various components and parts to leading automobile manufacturers in India. In the non-automotive sector, products are supplied to manufacturers within the defense, marine, and telecom infrastructure industries.
The company’s manufacturing capabilities consist of four facilities, with three situated in Pune, Maharashtra—a prominent automotive hub—including Unit I (the main manufacturing facility), Unit II, and Unit IV. An additional facility is located in Chennai, Tamil Nadu, another key automotive hub.
Competitive strengths are observed in the company’s production facilities positioned in two of India's most significant automotive centers, its strategic advantage derived from a closely linked supply chain with nearby raw material suppliers, a consistent record of growth and financial stability, and a promoter along with a professional management team that brings extensive expertise and dedication to the company.
| KPI | Values |
|---|---|
| ROE | 40.61% |
| ROCE | 31.49% |
| Debt/Equity | 1.38 |
| RoNW | 40.61% |
| P/BV | 5.93 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
The net proceeds from the issue are proposed to be utilized by the company for the following purposes:
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: https://www.obscperfection.com/ |
Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com |
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