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The upcoming Initial Public Offering (IPO) for OBSC Perfection Limited presents a noteworthy opportunity for investors in the expansive Indian stock market. Scheduled to open on October 22, 2024, and close on October 24, 2024, this IPO aims to raise approximately ₹66.02 crores through the issuance of new equity shares and an offer for sale. With a competitive pricing range set between ₹95 to ₹100 per share, OBSC Perfection is well-poised to attract significant interest from retail investors, Qualified Institutional Buyers (QIBs), and High Net-worth Individuals (HNIs). As we delve deeper into the details surrounding the OBSC Perfection IPO, we aim to equip potential investors with comprehensive insights into the company’s financial health, market positioning, and the broader implications of investing in this offering.
OBSC Perfection IPO Details
| IPO Open Date: | October 22, 2024 |
| IPO Close Date: | October 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 to ₹100 Per Share |
| Issue Size: | Approx ₹66.02 Crores |
| Fresh Issue: | Approx ₹66.02 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
OBSC Perfection IPO Market Lot
Investors should note that the minimum market lot for the OBSC Perfection IPO is 1,200 shares, requiring an application fee of ₹120,000. This minimum application size is designed to ensure the participation of serious investors.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹120,000 |
| Retail Maximum | 1 | 1,200 | ₹120,000 |
| S-HNI Minimum | 2 | 2,400 | ₹240,000 |
OBSC Perfection IPO Important Dates
| IPO Open Date: | October 22, 2024 |
| IPO Close Date: | October 24, 2024 |
| Basis of Allotment: | October 25, 2024 |
| Refunds: | October 28, 2024 |
| Credit to Demat Account: | October 28, 2024 |
| IPO Listing Date: | October 29, 2024 |
Promoters of OBSC Perfection IPO
The promoters of OBSC Perfection are a diverse group of seasoned professionals and entities, including Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum, Omega Bright Steel And Components Private Limited, Ess U Enterprises Private Limited, and Bluwat Ag. The combined expertise and experience of these individuals are anticipated to guide the strategic growth and innovation of the company as it expands its operations into the public market.
About OBSC Perfection
Founded on March 17, 2017, OBSC Perfection Limited specializes in the manufacture of precision metal components. The company caters to a diverse clientele by offering a comprehensive range of high-quality engineered parts tailored to meet specific customer requirements. Their product line includes cut blanks, shafts, torsion rods, piston rods, and more, highlighting their versatility and capability to handle complex manufacturing processes in-house.
The company prides itself on its ability to deliver a one-stop solution for its clients, supported by its advanced machining, turning, fabrication, and assembly capabilities. This enables OBSC Perfection to maintain high-quality standards while responding quickly to changing market demands. Over the years, OBSC Perfection has exhibited impressive growth, with revenue from operations escalating from ₹5,653.41 lakhs in the fiscal year 2022 to ₹11,503.03 lakhs in the fiscal year 2024, reflecting a robust growth rate of 103.47%.
Investment Opportunity in OBSC Perfection IPO
Investing in the OBSC Perfection IPO offers a unique opportunity for investors looking for exposure to the manufacturing sector, particularly amidst India’s growing industrialization. Analysts forecast that the company will likely expand its market share, given its strong client base, the growing demand for precision components, and the government’s emphasis on promoting local manufacturing through various initiatives.
As the company plans to utilize the funds raised through this IPO for working capital and to enhance its operational capabilities, potential investors should consider the long-term prospects of OBSC Perfection. With a positive trajectory in their financials, an experienced management team, and a comprehensive approach to client needs, this IPO presents itself as a potentially rewarding investment.
FAQs About OBSC Perfection IPO
- What is the issue size of the OBSC Perfection IPO?
The OBSC Perfection IPO is expected to raise approximately ₹66.02 crores. - When will the OBSC Perfection IPO open and close?
The IPO will open on October 22, 202