OBSC Perfection
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 22 Oct 2024 – 24 Oct 2024
- Listing date
- 29 Oct 2024
- Face value
- ₹10 per share
- Issue price
- ₹100 per share
- Lot size
- 1,200 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹66.02 Cr
- Market cap at offer price
- ₹245 Cr
- Promoter holding
- 100.00% → 73.00% pre-issue → post-issue
- ISIN
- INE0YHV01011
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Unistone Capital Pvt.Ltd.
- Registered office
- 6F, 6th Floor, M-6, Uppal Plaza, Jasola District Centre, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 18,79,200 | — | — |
| Market maker | 3,33,600 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹100
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,20,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (max) | 8 | 9,600 | ₹9,60,000 |
| B-HNI (min) | 9 | 10,800 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.84 | 5.92 |
| P/E (×) | 14.62 | 16.89 |
| Price to book (×) | 5.93 | — |
| Market cap | — | ₹245 Cr |
Key performance indicators
- Return on net worth
- 40.61%
- ROCE
- 31.49%
- Debt / equity
- 1.38
- PAT margin
- 10.62%
- NAV per share
- ₹16.85
- Price to book
- 5.93
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About OBSC Perfection
OBSC Perfection Limited manufactures precision metal components including cut blanks, shafts, torsion rods, piston rods, pinions, drive shafts, gear shifters, cable end fittings, and sensor bosses. The company primarily serves Original Equipment Manufacturers (OEMs) supplying automotive manufacturers, with growing operations in defense, marine, and telecommunications industries. Incorporated on March 17, 2017, and converted to a public limited company in June 2024, the company operates four manufacturing facilities strategically located in Pune, Maharashtra and Chennai, Tamil Nadu. The company has demonstrated strong growth with revenue from operations increasing from ₹5,653.41 lakhs in FY 2022 to ₹11,503.03 lakhs in FY 2024 (CAGR 42.64%), and PAT growing from ₹360.11 lakhs to ₹1,221.21 lakhs (CAGR 84.15%) over the same period. The company benefits from strategic proximity to a promoter group entity, Omega Bright Steel & Components Private Limited, which supplies the majority of its raw materials.
Company Analysis
from RHPOBSC Perfection Limited is a precision metal component manufacturer specializing in high-quality engineered parts for automotive OEMs, with expanding presence in defense, marine, and telecommunication infrastructure sectors.
OBSC Perfection Limited manufactures precision metal components including cut blanks, shafts, torsion rods, piston rods, pinions, drive shafts, gear shifters, cable end fittings, and sensor bosses. The company primarily serves Original Equipment Manufacturers (OEMs) supplying automotive manufacturers, with growing operations in defense, marine, and telecommunications industries. Incorporated on March 17, 2017, and converted to a public limited company in June 2024, the company operates four manufacturing facilities strategically located in Pune, Maharashtra and Chennai, Tamil Nadu. The company has demonstrated strong growth with revenue from operations increasing from ₹5,653.41 lakhs in FY 2022 to ₹11,503.03 lakhs in FY 2024 (CAGR 42.64%), and PAT growing from ₹360.11 lakhs to ₹1,221.21 lakhs (CAGR 84.15%) over the same period. The company benefits from strategic proximity to a promoter group entity, Omega Bright Steel & Components Private Limited, which supplies the majority of its raw materials.
Objects of the Issue
- Funding capital expenditure requirements towards purchase of machinery for existing manufacturing facility (Unit III) at Chennai, Tamil Nadu ₹1,542.00 lakhs p.97
- Funding capital expenditure requirements towards purchase of machinery for existing manufacturing facility (Unit IV) at Pune, Maharashtra ₹1,517.00 lakhs p.97
- Funding working capital requirements of the Company ₹1,666.00 lakhs p.97
- General Corporate Purposes p.97
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs (66,02,400 Equity Shares of face value of ₹10 each)
- Fresh Issue
- 66,02,400 Equity Shares aggregating up to ₹[●] Lakhs
- Offer for Sale
- NA
- Price Band
- ₹[●] to ₹[●] per Equity Share
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 each
Business Model
The company manufactures precision metal components using machining, turning, investment casting, forging, stamping, fabrication, welding, phosphating and chromate conversion coating processes. It sells to OEMs in the automotive sector on an order book and nomination letter basis, with approximately 92.46% of revenue from automotive applications as of August 31, 2024. The company also generates revenue from exports (23.48% of revenue in August 31, 2024 period) and supplies to defense, marine, and telecommunications sectors (6.54% of revenue combined).
Business Segments
SWOT Analysis
- • Manufacturing facilities located in two major auto hubs (Pune & Chennai)(p.149)
- • Streamlined supply chain with adjacent raw material supplier(p.149)
- • Strong track record of financial growth(p.150)
- • Experienced promoter and professional management team(p.150)
- • Strong operational efficiency and manufacturing capabilities(p.133)
- • Heavy dependence on top 10 customers for revenue(p.31)
- • High dependence on automotive industry(p.33)
- • Concentrated domestic market dependence(p.34)
- • Limited long-term agreements with suppliers(p.36)
- • Geographic concentration of manufacturing facilities(p.38)
- • Expansion in non-automotive sectors (Defense, Marine, Telecom)(p.132)
- • Strategic facility expansion in Sanand, Gujarat(p.146)
- • Growing Indian auto components market projected to reach $200 billion by FY26(p.128)
- • Entering precision clamping solutions market through AlphaSeiki brand(p.146)
- • Capacity expansion to meet growing demand(p.146)
- • Automotive industry cyclicality and reduced demand(p.33)
- • Raw material price volatility and supply disruptions(p.34)
- • Domestic market economic downturn(p.34)
- • Competition from organized and unorganized sectors(p.55)
- • Regulatory and policy changes in automotive sector(p.31)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Omega Bright Steel & Components Private Limited | Promoter | 50.00% | — |
| Ashwani Leekha | Promoter | 25.00% | — |
| Saksham Leekha | Promoter | 20.10% | — |
| Sakshi Leekha | Promoter Group | 4.90% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.