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OBSC Perfection IPO
Price Band
₹95.0–100.0
Issue Size
₹66.02 Cr
Lot Size
1,200 shares
Min Investment
₹120,000
GMP
+₹6.0 (6.0%)
Issue Price
₹100.0
Subject to Sauda
₹5500
Paid only if allotted
OBSC Perfection IPO AI Summary
- OBSC Perfection IPO is listed on NSE SME in the Auto Components & Equipments sector.
- Price band: ₹95.0–₹100.0 per share, lot size 1,200 shares (min. investment ₹120,000).
- Subscription window: 22 Oct–24 Oct 2024, listing on 29 Oct 2024.
- Current GMP is +₹6.0 (6.0%), an estimated listing price of ₹106 — unofficial and can change daily.
OBSC Perfection Limited is set to offer its shares to the public, aiming to raise funds for capital expenditures and working capital. With a strong presence in the automotive sector and a diverse product portfolio, the company presents an interesting opportunity for investors, although potential subscribers should carefully consider the associated risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
OBSC Perfection IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
OBSC Perfection IPO Grey Market Premium (GMP) Today
GMP
+₹6.0
GMP %
+6.0%
Est. Listing
₹106.0
Updated: 25 Jul 2026 14:03
About the Company
Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering a wide range of precision engineering products, which are high-quality engineered parts for various end-user industries and regions. OBSC Perfection manufactures a range of precision metal components including but not limited to cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor boss, sleeves, push plate, hubs, housings; brass and aluminum, fork bolt, fasteners, connectors, ball pin, ball pin housing, flanges, male-female rings, dozing adapter. As of July 23, 2024, the company has a product portfolio of 24 products. OBSC Perfection caters to Original Equipment Manufacturers (OEMs) who ultimately supply various components and parts to leading automobile manufacturers in India. In the non-automotive sector, the company supplies manufacturers in the defense, marine, and telecom infrastructure sectors. The company has four manufacturing facilities, three of which are located in Pune, Maharashtra, a major automotive hub, namely Unit I (main manufacturing facility), Unit II, Unit IV, and one in Chennai, Tamil Nadu, another major automotive hub. Competitive strengths Production facilities in two of the most important automotive centers in India Strategic advantage through close supply chain with neighboring raw material suppliers Consistent track record of growth and financial performance Experienced and dedicated promoter and professional management team with extensive expertise As of July 12, 2024, the company had 85 permanent employees.
Company Financials (₹ Cr)
As of 2024-08-31
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 110.66 | 86.51 | 69.16 | 48.47 |
| Total Income | 57.00 | 116.11 | 96.91 | 56.72 |
| Profit After Tax | 6.03 | 12.21 | 4.57 | 3.60 |
| NET Worth | 36.10 | 30.07 | 17.86 | 13.28 |
| Reserves and Surplus | 18.25 | 12.22 | 5.96 | 1.38 |
| Total Borrowing | 49.68 | 41.47 | 33.40 | 18.98 |
Key Ratios
EPS
₹6.84
NAV
₹16.85
ROE
40.61%
ROCE
31.49%
RoNW
40.61%
P/B Value
5.93
P/E Ratio
14.62
Market Cap
₹244.52 Cr
PAT Margin
10.62%
Debt/Equity
1.38
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Talbros Automotive Components Ltd. | 87.02 | 20.47% | 17.78 | 17.82 | 17.82 |
| Racl Geartech Ltd | 189.96 | 19.24% | 26.58 | 36.54 | 36.54 |
| OBSC Perfection Limited This IPO | 16.85 | 40.61% | — | 6.84 | 6.84 |
Promoters
Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum, Omega Bright Steel & Components Pvt.Ltd., Omega Bright Steel Pvt.Ltd., ESS U Enterprises Pvt.Ltd. and Bluwat AG
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirements towards purchase of machinery for our existing manufacturing facility (“Unit III”) at Chennai, Tamil Nadu. 15.42 2 Funding capital expenditure requirements towards purchase of machinery for our existing manufacturing facility (“Unit IV”) at Pune, Maharashtra 15.17 3 Funding working capital requirements of the Company 16.66 4 General Corporate Purposes 12.19
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹56.72 Cr in the period ending 31 Mar 2022, increasing to ₹96.91 Cr by 31 Mar 2023, and further rising to ₹116.11 Cr in the period ending 31 Mar 2024. However, in the most recent period ending 31 Aug 2024, total income decreased to ₹57.00 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.60 Cr in the period ending 31 Mar 2022, growing to ₹4.57 Cr by 31 Mar 2023, and then increasing to ₹12.21 Cr in the period ending 31 Mar 2024. In the latest period ending 31 Aug 2024, profit after tax was ₹6.03 Cr, which reflects a decrease compared to the previous full fiscal year, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 14.62 trailing earnings, versus peers trading at 17.78-26.58.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before the stock begins trading on the exchange. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guaranteed indicator of future performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are averse to the risks associated with new market entrants may want to avoid this IPO. It is also advisable for those who do not understand the auto components sector or the specific business model of OBSC Perfection.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not perform as well. Factors influencing listing performance include market sentiment, investor demand, and overall market conditions.
This evaluation is generated from OBSC Perfection's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is OBSC Perfection IPO GMP today?
OBSC Perfection IPO GMP today is +₹6.0 (6.0%), indicating an estimated listing price of ₹106. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of OBSC Perfection IPO?
The price band of OBSC Perfection IPO is ₹95.0–₹100.0 per share.
When does OBSC Perfection IPO open and close?
OBSC Perfection IPO opens on 22 October 2024 and closes on 24 October 2024.
When does OBSC Perfection IPO list on the stock exchange?
OBSC Perfection IPO listed on 29 October 2024 at ₹106.0.
What is the lot size for OBSC Perfection IPO?
The lot size for OBSC Perfection IPO is 1200 shares, requiring a minimum investment of ₹120,000.
What is the lot size for this IPO?
The lot size for OBSC Perfection's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the price band for the IPO?
The price band for the IPO is ₹95.0 to ₹100.0.
When does the IPO open and close?
The IPO opens on October 22, 2024, and closes on October 24, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of an IPO's listing price compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Oct 2024
Close
24 Oct 2024
Allotment
25 Oct 2024
Listing
29 Oct 2024
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