OBSC Perfection IPO Subscription Status

OBSC Perfection's initial public offering (IPO) has garnered strong investor interest, with subscription rates increasing significantly over the three-day period. Starting moderately on day one, the IPO witnessed substantial growth in demand, resulting in a 9.53 times oversubscription by 2:23:59 PM on day three. This robust response underscores the strong market appetite for OBSC Perfection's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 22nd October 2024, has seen significant growth in investor participation across all categories. The Retail Investors segment has shown exceptional demand, followed by strong interest from Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB).

This enthusiastic response to OBSC Perfection's IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the precision engineering sector. The company's position as a manufacturer of precision metal components appears to have strongly resonated with investors.

Subscription Status of OBSC Perfection IPO for Days 1, 2, and 3:

Here are the subscription details for OBSC Perfection IPO as of Day 3 (24th October 2024, 2:23:59 PM):

Total Applications: 19,613

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• OBSC Perfection IPO is currently subscribed 9.53 times, with strong demand across all investor categories.
• Retail investors have shown exceptional interest, with a subscription ratio of 10.73 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 8.55 times.
• Qualified Institutional Buyers (QIB) have shown solid interest, with a subscription ratio of 8.17 times.
• The overall subscription trend shows significant increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

OBSC Perfection IPO - Day 2 Subscription at 2.53 Times

Key Highlights:

• OBSC Perfection IPO is currently subscribed 2.53 times, with balanced demand across categories.
• Qualified Institutional Buyers (QIB) have shown good interest, with a subscription ratio of 2.71 times.
• Retail investors have demonstrated solid enthusiasm, with a subscription ratio of 2.50 times.
• Non-Institutional Investors (NII) have shown steady participation, with a subscription ratio of 2.37 times.
• The overall subscription trend shows consistent increase day-on-day, indicating growing investor confidence.

OBSC Perfection IPO - Day 1 Subscription at 0.77 Times

Key Highlights:

• The IPO opened with a moderate overall subscription of 0.77 times.
• Qualified Institutional Buyers showed strong initial interest with 1.43 times subscription.
• Retail investors demonstrated moderate initial demand with 0.65 times subscription.
• Non-Institutional Investors showed limited first-day participation at 0.16 times.
• The first-day response provided a foundation for building momentum in subsequent days.

About OBSC Perfection Limited

OBSC Perfection Limited, established in 2017, is a precision metal components manufacturer offering a wide range of precision engineering products for various end-user industries. The company manufactures precision metal components including cut blanks, shafts/splines, torsion bars, piston rods, and various other engineered parts, with a product portfolio of 24 products as of 23rd July 2024.

For the fiscal year 2024, OBSC Perfection demonstrated strong financial performance with a revenue of ₹11,611.41 lakhs, marking a 20% year-over-year growth, and a Profit After Tax (PAT) of ₹1,221.21 lakhs, representing a significant 167% increase. The company's net worth stood at ₹3,007.1 lakhs as of 31st March 2024. Key performance indicators highlight the company's financial health, with a Return on Equity (ROE) of 40.61%, Return on Capital Employed (ROCE) of 31.49%, and a PAT Margin of 10.62%.

The company operates four manufacturing facilities, three located in Pune, Maharashtra, and one in Chennai, Tamil Nadu. As of 12th July 2024, OBSC Perfection had 85 permanent employees.

Read more about OBSC Perfection IPO

Highlights of the OBSC Perfection IPO

●    IPO Date: 22nd October 2024 to 24th October 2024
●    Listing Date: 29th October 2024 (Tentative)
●    Face Value: ₹10 per share
●    Price Band: ₹95 to ₹100 per share
●    Lot Size: 1200 Shares
●    Total Issue Size: 6,602,400 shares (aggregating up to ₹66.02 Cr)
●    Fresh Issue: 6,602,400 shares (aggregating up to ₹66.02 Cr)
●    Issue Type: Book Built Issue IPO
●    Listing At: NSE SME
●    Book Running Lead Manager: Unistone Capital Pvt Ltd
●    Registrar: Bigshare Services Pvt Ltd
●    Market Maker: R.K.Stock Holding