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The SME IPO of OBSC Perfection will open for subscription on Tuesday and will close on October 24. The company aims to raise Rs 66 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) OBSC Perfection IPO size The IPO is entirely a fresh equity sale of 66.02 lakh shares and through the issue, the company plans to raise about Rs 66 crore. 2) OBSC Perfection IPO price band The company is offering its shares at Rs 95-100 apiece, and investors can bid for 1200 shares in 1 lot.
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4) About OBSC Perfection The company is a precision metal component manufacturer offering a diversified suite of precision engineering products which are high-quality engineered parts across end-user industries and geographies. It primarily caters to top original equipment manufacturers (OEMs) who ultimately supply various components and parts to top automotive manufacturing companies of India. Also Read: Shapoorji Pallonji Group's Afcons Infrastructure sets price band for its IPO.
Check details 5) Industry Overview The automobile component industry turnover stood at Rs 2.9 lakh crore ($36.1 billion) in H1 2023-24 the industry had revenue growth of 12.
6% as compared to H1 2022-23. Domestic OEM supplies contributed ~66% to the industry’s turnover, followed by domestic aftermarket (12%) and exports (22.3%), in FY23.
6) OBSC Perfection financial performance For the year ended March 2024, the company clocked total revenues of Rs 115 crore and net profit of Rs 16.43 crore. 7) Objects of the offer The net proceeds from the public offer will be used for funding of capital expenditure requirements, working capital requirements and other general corporate purposes.
8) Lead managers and Registrar Unistone Capital is acting as the lead manager to the issue and Bigshare Services is the registrar. 9) Issue structure About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the other 15% for non-institutional investors. 10) Important dates The IPO opened on October 22 and will close on October 24.
The final allotment will likely be made on October 25. The company's shares will likely get listed on October 29. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
