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Unlocking Investment Opportunities: Omfurn India FPO

Looking for a lucrative investment opportunity in the Indian market? Omfurn India FPO presents an exciting prospect for investors seeking growth potential and stability. Let's delve into the details of this promising venture.

Omfurn India FPO Overview:

Omfurn India FPO, a book-built issue of Rs 27.00 crores, marks a significant milestone in the company's journey. With a fresh issue of 36 lakh shares, the bidding commenced on March 20, 2024, and concluded on March 22, 2024. The allotment was finalized on March 26, 2024, paving the way for listing on NSE SME on March 28, 2024.
Price Band and Lot Size:

Priced between ₹71 to ₹75 per share, Omfurn India FPO offers a compelling investment proposition. The minimum lot size for an application is 2400 shares, requiring a minimum investment of ₹180,000 for retail investors and ₹360,000 for HNIs.

Key Players:

Gretex Corporate Services Limited spearheads the FPO as the book running lead manager, with Bigshare Services Pvt Ltd serving as the registrar. Gretex Share Broking assumes the pivotal role of the market maker for Omfurn India FPO.

Anchor Investors and Reservation Details:

Anchor investors have shown strong confidence in Omfurn India FPO, contributing Rs 4.01 crore to the offering. The allocation breakdown allocates shares to various investor categories, ensuring a balanced participation framework.

Promoter Holding and Business Profile:

Omfurn India Limited, established in 1997, specializes in manufacturing pre-finished wooden doors and modular furniture in India. The company's diverse product range caters to residential and commercial segments, including modular kitchens, wardrobes, and office furniture.

Operating from its manufacturing facility in Umbergaon, spanning 1,61,460 sq. ft., Omfurn India Limited has established a robust presence in the market. With 221 employees as of November 30, 2023, the company is poised for further growth and expansion.

Financial Performance:

Omfurn India Limited's financials reflect a remarkable trajectory, with revenue and profit after tax witnessing significant growth over the years. The company's market capitalization stands at Rs 88.31 Cr, underscoring its potential as a lucrative investment avenue.
Objectives of the Issue:

The proceeds from the FPO will be allocated towards funding capital expenditure, debt repayment, meeting working capital requirements, and supporting general corporate purposes, ensuring sustained growth and operational efficiency.

Seize the Opportunity with Omfurn India FPO:

In conclusion, Omfurn India FPO presents a compelling opportunity for investors looking to capitalize on India's burgeoning market. With a strong business model, robust financial performance, and clear objectives, Omfurn India FPO is poised to deliver value and returns to its stakeholders. Don't miss out on this chance to unlock your investment potential with Omfurn India FPO!

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