Omfurn India
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 20 Mar 2024 – 22 Mar 2024
- Listing date
- 28 Mar 2024
- Face value
- ₹10 per share
- Issue price
- ₹75 per share
- Lot size
- 2,400 shares
- Issue type
- Book Building issue
- Total issue size
- ₹27 Cr
- Market cap at offer price
- ₹88.31 Cr
- Promoter holding
- 73.40% → 50.96% pre-issue → post-issue
- ISIN
- INE338Y01016
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- 109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Maharashtra
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 | 5,35,200 | — | — |
| Market maker | 1,80,000 | — | — |
Application size
Minimum 2,400 shares per lot, in multiples, at ₹75
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,400 | ₹1,80,000 |
| S-HNI (min) | 2 | 4,800 | ₹3,60,000 |
| S-HNI (max) | 5 | 12,000 | ₹9,00,000 |
| B-HNI (min) | 6 | 14,400 | ₹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 (₹) | 5.08 | 4.91 |
| P/E (×) | 14.76 | 15.27 |
| Price to book (×) | 2.14 | — |
| Market cap | — | ₹88.31 Cr |
Key performance indicators
- Return on net worth
- 10.10%
- ROCE
- 10.28%
- PAT margin
- 7.00%
- NAV per share
- ₹35.02
- Price to book
- 2.14
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Omfurn India
Incorporated on November 13, 1997 in Mumbai as OM Vishwakarma Furniture Private Limited, renamed Omfurn India Private Limited in April 2013 and converted to Omfurn India Limited (CIN: L20200MH1997PLC111887) in 2017, the company's shares have been listed on the NSE Emerge platform since its Initial Public Offer on October 13, 2017. It manufactures and supplies pre-finished wooden doors — fire-resistant doors (BS 476 Part 20 & 22 / IS 3614 Part 2, 60–120 minute ratings), laminated doors, veneer doors and solid wooden door frames — plus modular furniture covering office solutions, modular kitchens, modular wardrobes/vanities, hotel furniture and school furniture (including supplies under 'Sarva Siksha Abhiyan'), delivered through customized, system-based or turnkey projects across India. Its single manufacturing facility at Umbergaon GIDC, Valsad, Gujarat spans 1,61,460 sq. ft., equipped with CNC woodworking machines from Germany and Italy, an in-house design facility, a quality laboratory, and ISO 9001/14001/45001 certifications; it had 221 employees as on November 30, 2023. Revenue comes almost entirely from B2B sales (99.79% of FY2023 revenue from operations) to real-estate developers, hotels and large corporates; FY2023 revenue from operations was ₹7,023.40 Lakh with PAT of ₹414.87 Lakh, doors alone contributing ₹4,552.02 Lakh (64.81%). The company is now raising a Further Public Issue of up to 36,00,000 fresh equity shares to fund plant & machinery capex (including a new metal-doors line), repay certain borrowings, and meet working-capital needs.
Company Analysis
from RHPOmfurn India Limited is an Indian manufacturer and supplier of pre-finished wooden doors (fire-resistant, laminated and veneer) and modular furniture — modular kitchens, wardrobes/vanities, office, hotel and school furniture — serving predominantly B2B customers across India.
Incorporated on November 13, 1997 in Mumbai as OM Vishwakarma Furniture Private Limited, renamed Omfurn India Private Limited in April 2013 and converted to Omfurn India Limited (CIN: L20200MH1997PLC111887) in 2017, the company's shares have been listed on the NSE Emerge platform since its Initial Public Offer on October 13, 2017. It manufactures and supplies pre-finished wooden doors — fire-resistant doors (BS 476 Part 20 & 22 / IS 3614 Part 2, 60–120 minute ratings), laminated doors, veneer doors and solid wooden door frames — plus modular furniture covering office solutions, modular kitchens, modular wardrobes/vanities, hotel furniture and school furniture (including supplies under 'Sarva Siksha Abhiyan'), delivered through customized, system-based or turnkey projects across India. Its single manufacturing facility at Umbergaon GIDC, Valsad, Gujarat spans 1,61,460 sq. ft., equipped with CNC woodworking machines from Germany and Italy, an in-house design facility, a quality laboratory, and ISO 9001/14001/45001 certifications; it had 221 employees as on November 30, 2023. Revenue comes almost entirely from B2B sales (99.79% of FY2023 revenue from operations) to real-estate developers, hotels and large corporates; FY2023 revenue from operations was ₹7,023.40 Lakh with PAT of ₹414.87 Lakh, doors alone contributing ₹4,552.02 Lakh (64.81%). The company is now raising a Further Public Issue of up to 36,00,000 fresh equity shares to fund plant & machinery capex (including a new metal-doors line), repay certain borrowings, and meet working-capital needs.
Objects of the Issue
- Funding capital expenditure towards installation of plant & machinery in existing premises along with required civil, electric and fabrication work (expansion of capacity for existing products and introduction of a new metal-doors category) ₹1,174.98 Lakh p.74
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company (Union Bank of India term loans TL VII and TL III) ₹125.00 Lakh p.74
- Funding working capital requirements of the Company (₹250.00 Lakh in Fiscal 2024 and ₹500.00 Lakh in Fiscal 2025) ₹750.00 Lakh p.74
- General corporate purposes p.74
Issue Structure
- Total Issue
- Further Public Issue of upto 36,00,000* Equity Shares of face value of ₹10/- each aggregating to ₹ [●] Lakhs (the Issue and Net Issue constitute 30.57% and 29.05% respectively of the post-issue paid-up equity share capital)
- Fresh Issue
- Entire Issue is a Fresh Issue of upto 36,00,000* Equity Shares of face value of ₹10/- each, of which 1,80,000* Equity Shares are reserved for the Market Maker and the Net Issue is 34,20,000* Equity Shares
- Offer for Sale
- NOT APPLICABLE AS THE ENTIRE ISSUE CONSTITUTES FRESH ISSUE OF EQUITY SHARES
- Price Band
- ₹ 71.00 to ₹ 75.00 per Equity Share
- Lot Size
- Minimum 2,400 Equity Shares and in multiples of 2,400 Equity Shares thereafter (Bid Lot: 2,400 Equity Shares)
- Face Value
- ₹ 10/- each
Business Model
Earns revenue by manufacturing and selling furniture products — primarily pre-finished wooden doors and door frames, and modular furniture (office solutions, modular kitchens, wardrobes/vanities, hotel and school furniture) — sold mainly to B2B customers such as real-estate developers, hotels and large corporates through purchase orders and customized, system-based or turnkey projects across India.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Rajendra Chitbahal Vishwakarma | Promoter | 20.55% | 14.27% |
| Mahendra Chitbahal Vishwakarma | Promoter | 20.55% | 14.27% |
| Narendra Chitbahal Vishwakarma | Promoter | 12.48% | 8.66% |
| Prashant Rajendra Vishwakarma | Promoter | — | — |
| Parmanand Mahendra Vishwakarma | Promoter | — | — |
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.