OBSC Perfection Limited IPO Details
SME
OBSC Perfection IPO opens for subscription on 22 Oct 2024 and closes on 24 Oct 2024. The IPO will be listed on NSE with the tentative listing date set for 29 Oct 2024.
OBSC Perfection IPO price band has been fixed at ₹95 – ₹100 per share.The face value is ₹10 per share with a lot size of 1200.
OBSC Perfection IPO total issue size comprises 66,02,400 shares (aggregating up to ₹66.02 Cr). This includes a fresh issue of 66,02,400 shares (aggregating up to ₹66.02 Cr). Pre-issue shareholding stands at 1,78,50,000, which will increase to 2,44,52,400 post-issue.
OBSC Perfection IPO carries a ₹6 (6.0%) GMP, reflecting investor sentiment.
OBSC Perfection IPO Lot Size : Retain Minimum is 1 lot (1,200 shares) amounting to ₹120,000. Retain Maximum is 1 lot (1,200 shares) amounting to ₹120,000. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹240,000.
The Lead Managers for OBSC Perfection IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Unistone Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is R.K.Stock Holding. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the OBSC Perfection Limited RHP.
OBSC Perfection IPO Details
OBSC Perfection IPO Subscription
OBSC Perfection IPO Application Wise Breakup
OBSC Perfection IPO Dates
- 22 Oct 2024Opening dateOPD
- 24 Oct 2024Closing dateCOD
- 25 Oct 2024Allotment Date BOA
- 28 Oct 2024Initiation of RefundsIOR
- 28 Oct 2024Credit of SharesCOS
- 29 Oct 2024Listing dateLID
OBSC Perfection IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1200 | ₹120,000 |
| Retain Maximum | 1 | 1200 | ₹120,000 |
| SHNI Minimum | 2 | 2400 | ₹240,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
OBSC Perfection IPO Reservation
Promoter Holding
OBSC Perfection IPO Valuations
OBSC Perfection Financial Information
OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,066.37 | 8,650.59 | 6,916.01 | 4,847.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,700.15 | 11,611.41 | 9,691.03 | 5,672.42 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 603.05 | 1,221.21 | 457.39 | 360.11 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,610.15 | 3,007.1 | 1,785.89 | 1,328.47 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,825.15 | 1,222.1 | 595.89 | 138.47 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4,967.82 | 4,147.25 | 3,340.48 | 1,897.54 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About OBSC Perfection IPO
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.
Strength Of OBSC Perfection IPO
1. Manufacturing facilities situated at two of the most prominent auto hubs of India.
2. Strategic advantage through streamlined supply chain with adjacent raw material supplier.
3. Qualified employee base and proven management team.
4. Consistent financial performance.
Risk Of OBSC Perfection IPO
1. Its business largely depends upon the company's top 10 customers which contributed 70.10%, 64.66% and 66.34% in the Fiscal 2024, 2023 and 2022. The loss of any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
2. Its business is dependent on the performance of the automotive industry. Economic cyclicality coupled with reduced demand in these other industries, in India or globally, could adversely affect its business, results of operations and financial condition.
3. The Company is dependent on a domestic market for its sales and any downturn in it could reduce the company sales.
4. Its business and profitability are substantially dependent on the availability and cost of its raw materials and any disruption to the timely and adequate supply or volatility in the prices of raw materials may adversely impact its business, results of operations, cash flows and financial condition.
5. The company does not have long-term agreements with its suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on its business, results of operations, financial condition and cash flows.
6. Its three manufacturing facilities are located in Pune, Maharashtra and Thiruvallur, Tamilnadu which exposes its operations to potential risks arising from local and regional factors such as adverse social and political events, weather conditions and natural disasters.
7. A significant portion of its domestic sales are derived from the West zone and South zone, any adverse developments in this market could adversely affect its business.
8. Its may faces several risks associated with the proposed expansion of its manufacturing units, which could hamper the company growth, prospects, cash flow its business and financial condition.
9. Its Restated Financial Statements are Prepared and Signed by the Peer Review Auditors who is not Statutory Auditors of the Company as required under the provisions of ICDR.
10. The company has significant working capital requirements for its smooth day to day operations of business and discontinuance or its inability to acquire adequate working capital timely and on favorable terms may have an adverse effect on its operations, profitability and growth prospects.
Objectives OBSC Perfection IPO
- 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”);
- 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”);
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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