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OBSC Perfection IPO

  • Status: Closed
  • RHP:
  • ₹ 114,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    29 Oct 2024

  • Listing Price

    ₹ 110.00

  • Listing Change

    10.00%

  • Last Traded Price

    ₹ 136.45

IPO Details

  • Open Date

    22 Oct 2024

  • Close Date

    24 Oct 2024

  • IPO Price Range

    ₹ 95 - ₹ 100

  • IPO Size

    ₹ 66.02 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    29 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

OBSC Perfection IPO Subscription Status

Last Updated: 24 October 2024 6:39 PM by 5Paisa

OBSC Perfection IPO is set to open on 22 October 2024 and will close on 24 October 2024. OBSC Perfection manufactures precision metal components providing high quality engineered parts for various industries and regions.

The IPO includes a fresh issue of 66.02 lakh shares aggregating ₹66.02 Cr and does not include OFS. The price range is set between ₹95 - ₹100 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalized on 25 October 2024. It will go public on NSE SME, with a tentative listing date of 29 October 2024.

Unistone Capital Pvt Ltd is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.

OBSC Perfection IPO Size

Types Size
Total IPO Size ₹66.02 Cr
Offer For Sale -
Fresh Issue ₹66.02 Cr

 

OBSC Perfection IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
S-HNI (Min) 2 2,400 ₹240,000

 

OBSC Perfection IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 10.20 12,55,200 1,28,08,800 128.09
NII (HNI) 25.87 9,40,320 2,43,28,800 243.29
Retail 16.20 21,94,080 3,55,40,400 355.40
Total 16.56 43,89,600 7,26,78,000 726.78

 

OBSC Perfection IPO Anchor Allocation

Anchor Bid Date 21 October, 2024
Shares Offered 1,879,200
Anchor portion Size (In ₹ Cr.) 18.79
Anchor lock-in period end date for 50% shares (30 Days) 24 November, 2024
Anchor lock-in period end date for remaining shares (90 Days) 23 January, 2025

 

1. Funding the purchase of machinery for the current manufacturing facility.
2. For general corporate needs.
3. To meet working capital requirements.
 

Founded in 2017, OBSC Perfection is a manufacturer of precision metal components, offering high quality engineered parts for various industries.

The company produces a wide range of products including cut blanks, shafts, torsion bars, piston rods, pinions, drive shafts and various fasteners. As of 23 July 2024, they have 24 different products in their portfolio.

OBSC Perfection primarily serves Original Equipment Manufacturers (OEMs) that supply parts to leading automobile manufacturers in India. They also supply manufacturers in the defense, marine and telecom sectors.

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

Peers

1. Racl Geartech Ltd    
2. Talbros Automotive Components Ltd.    

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 116.11 96.91 56.72
EBITDA 20.76  9.74  7.08
PAT 12.21  4.57 3.60
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 86.51 69.16 48.47
Share Capital 17.85  11.90  11.90
Total Borrowings 41.47 33.40 18.98
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 5.20  1.45 6.39
Net Cash Generated From / (used in) investing activities -10.68  -13.83  -5.97
Net Cash Generated From / (used in) financing activities 5.46  12.59  -1.02
Net Increase (Decrease) In Cash And Cash Equivalents -0.02  0.21  -0.50


Strengths

1. The company has manufacturing facilities situated in major automotive hubs of India, which enhances logistics efficiency and reduces transportation costs.

2. Effective supply chain management enables the company to respond quickly to market demands, maintain inventory levels and minimize delays in production.

3. A strong track record of financial performance indicates stability and reliability, making the company an attractive partner for clients and investors.
 

Risks

1. The company primarily serves the automotive industry, making it vulnerable to fluctuations in automotive demand and economic downturns that could impact sales.

2. The precision engineering sector is competitive with many players offering similar products. This competition could pressure pricing and profit margins.

3. Manufacturing involves potential risks such as machinery breakdowns, supply chain disruptions or quality control issues which could affect production efficiency and product quality.
 

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FAQs

OBSC Perfection IPO opens from 22 October to 24 October 2024.

The size of the OBSC Perfection IPO is ₹66.02 Cr.

The price of the OBSC Perfection IPO is fixed at ₹95 - ₹100 per share. 

To apply for OBSC Perfection IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for OBSC Perfection IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of OBSC Perfection IPO is 1200 shares and the investment required is ₹1,14,000.
 

The share allotment date of OBSC Perfection IPO is 25 October 2024.

The OBSC Perfection IPO will be listed on 29 October 2024.

Unistone Capital Pvt Ltd is the book running lead manager for OBSC Perfection IPO.

OBSC Perfection plans to utilize the raised capital from the IPO for:

1. Funding the purchase of machinery for the current manufacturing facility.
2. For general corporate needs.
3. To meet working capital requirements.