Skip to main content

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!

Unlock all investment avenues under one umbrella with 5paisa! Sign up using referral code RUBI114 or [Click here](https://5paisa.page.link/1AV8Cap2rDk28bdn7) to open a FREE account now.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Unlocking Insights: Stock Market Today

In the wake of a participatory rally across various segments, the Indian stock market continued its upward trajectory for the fifth consecutive session. The Nifty 50 index soared to a new pinnacle, peaking at 22,186, before settling at the robust 22,122 level. Similarly, the BSE Sensex surged by 281 points, culminating at an impressive 72,708 mark, while the Bank Nifty index witnessed a notable uptick of 150 points, concluding at 46,535 level. Amidst this fervor, the small-cap index outperformed the Nifty 50 index, maintaining a high advance-decline ratio of 1.55:1. Highlights of Today's Market Performance: Domestic equities witnessed remarkable highs, with the Nifty touching unprecedented levels of 22,186.65, ultimately closing with a commendable gain of 81 points at 22,122. The midcap and smallcap indices mirrored this upward trend, aligning with the benchmark's trajectory. Notably, several sectors ended the day in the green, with Consumer Durables, Pharma, and FM...
Post a Comment
Read more

Foreign Institutional Investors Drive Up Stakes in Top Stocks: Q3 Insights and Future Projections

In the recently-concluded December quarter (Q3), foreign institutional investors (FIIs) made strategic moves, significantly increasing their stake in select stocks. According to ACE Equity data, the surge in FII shareholding was particularly notable, with a remarkable 13 percentage points uptick in 10 carefully chosen stocks. Among these stocks, Dolphin Offshore Enterprises (India) took center stage as the top performer in terms of FII investment. In Q3FY24, FIIs substantially increased their stake in this oil exploration company, acquiring a notable 12.82% ownership. Interestingly, during the preceding quarter (Q2), these institutional investors had no stake in Dolphin Offshore, making this surge even more impactful. The market response to this development was swift and substantial. Dolphin Offshore's stock witnessed a remarkable 48% surge in the last month alone. As of January 30, the company boasts a current market capitalization of Rs 760 crore, with its stock tradi...
Post a Comment
Read more

Unlocking Opportunities with Aspire & Innovative Advertising IPO

Are you ready to seize the next big investment opportunity? Aspire & Innovative Advertising is bringing its IPO to the market, and it's your chance to be part of something groundbreaking in the logistics sector. With Moneycontrol Go Pro, you can access this opportunity for just ₹99. Home in on Success: Navigate your financial journey with precision using Moneycontrol's comprehensive resources. Whether you're tracking the latest news on Election 2024, monitoring market trends, or staying updated on developments like the Ram Mandir construction, Moneycontrol has you covered. Empowering Investors: Dive into the heart of the markets with Moneycontrol's expert insights and analysis. From stocks to commodities, mutual funds to personal finance tips, our platform equips you with the knowledge you need to make informed investment decisions. Stay Informed, Stay Ahead: With Moneycontrol, you're not just a spectator – you're an active participant in the fin...
Post a Comment
Read more