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Omfurn India Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Omfurn India Ltd IPO

Registered Office: 109 Gundecha Indl. Complex,Akrurali Road Kandivali (East) , Mumbai - 400101 , Maharashtra , India.
Phone : 91-22-4210 8900   Fax:
Email :  omfurn@omfurnindia.com  
Website :  www.omfurnindia.com
Further public issue of upto 36,00,000* equity shares of face value of (Rs)10/- each fully paid up of Omfurn India Limited ("Omfurn" or the "Company" or the "Issuer") for cash at a price of (Rs)75 per equity share (the "Issue Price") (including a share premium of (Rs)65 per equity share aggregating (Rs)27 crores ("The Issue"). The issue includes a reservation of of 1,80,000* equity shares aggregatting to (Rs)1.35 crores will be reserved for subscription by market maker to the issue (The "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of upto 34,20,000* equity shares aggregatting to (Rs)25.65 crores (The "Net Issue)". The issue and the net issue will constitute 30.57% and 29.05% respectively of the post issue paid up equity share capital of the company. The Offer Price is (Rs)75 per equity share of face value of (Rs)10 each. The Offer price is 7.5 times of the face value. Bid can be made for a minimum of 2400 equity shares and in multiples of 2400 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Mar-24 22-Mar-24 (Rs)75.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2400  Further Multiples of :2400

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Gretex Corporate Services Ltd
Project Financed through Current Offer 27.00  
Post Issue Equity Share Capital 11.77  
Issue Price (Rs)75.00  
 
Projects
Funding capital expenditure towards installation or plant & machinery in its existing premises along with required civil electric and fabrication workFunding working capital requirements of the company
Repayment/prepayment in full or part of certain borrowings availed by the companyGeneral corporate purposes
Promoted By
Rajendra Chitbahal Vishwakarma  
Mahendra Chitbahal Vishwakarma  
Narendra Chitbahal Vishwakarma  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd