Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Omfurn India IPO
Price Band
₹71.0–75.0
Issue Size
₹27.0 Cr
Lot Size
2,400 shares
Min Investment
₹180,000
GMP
—
Issue Price
₹75.0
Omfurn India IPO AI Summary
- Omfurn India IPO is listed on NSE SME in the Furniture, Home Furnishing sector.
- Price band: ₹71.0–₹75.0 per share, lot size 2,400 shares (min. investment ₹180,000).
- Subscription window: 20 Mar–22 Mar 2024, listing on 28 Mar 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Omfurn India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 22 Mar 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
Omfurn India IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 1997, Omfurn India Limited is a manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture in India. The company offers a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities and Modern Office furniture. Omfurn India also designs, manufactures and installs custom furniture and designs and executes turnkey interior projects of hotels, residential, offices, shopping malls, hospitals, IT parks, international schools, pre-finished doors, and fire-rated doors. The company was listed in NSE SME in the year 2017. Omfurn India Limited's manufacturing factory is located in Umbergaon and has a total area of 1,61,460 sq. ft. As of November 30, 2023, the company had 221 employees, consisting of administrative staff, skilled workers, semi-skilled and unskilled employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 68.26 | 57.17 | 47.66 | 46.65 |
| Total Income | 44.75 | 71.08 | 32.30 | 21.85 |
| Profit After Tax | 2.89 | 4.15 | 0.60 | -0.99 |
| NET Worth | 28.63 | 25.74 | 21.59 | 20.99 |
| Reserves and Surplus | 21.82 | 18.93 | 14.78 | 14.18 |
| Total Borrowing | 18.90 | 11.38 | 15.95 | 15.86 |
Key Ratios
EPS
₹5.08
NAV
₹35.02
ROE
10.10%
ROCE
10.28%
RoNW
10.10%
P/B Value
2.14
P/E Ratio
14.78
Market Cap
₹88.31 Cr
PAT Margin
7.00%
Promoters
Rajendra Chitbahal Vishwakarma, Mahendra Chitbahal Vishwakarma, Narendra Chitbahal Vishwakarma, Prashant Rajendra Vishwakarma and Parmanand Mahendra Vishwakarma
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 towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work 11.75 2 Repayment/prepayment, in full or part, of certain borrowings availed of by our Company 1.25 3 Funding to meet working capital requirements 7.50 4 General corporate purposes 2.60
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹21.85 Cr in the year ending 31 Mar 2021, rising to ₹32.30 Cr by 31 Mar 2022, and further increasing to ₹71.08 Cr by 31 Mar 2023. However, for the period ending 30 Sep 2023, total income decreased to ₹44.75 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was a loss of ₹0.99 Cr in the year ending 31 Mar 2021, improving to ₹0.60 Cr by 31 Mar 2022. This continued to rise to ₹4.15 Cr by 31 Mar 2023, but then fell to ₹2.89 Cr for the period ending 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial market where IPO shares are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in this unofficial market. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and financial health. It is important to consider the company's ability to sustain growth and profitability over time.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid IPOs like this, particularly if they are concerned about the company's recent financial performance and market volatility.
IPO Timeline, Explained
The IPO opens for subscription on 20 March 2024 and closes on 22 March 2024. Allotment of shares is expected to be finalized by 26 March 2024, with shares listed on the exchange on 28 March 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day at a price higher than the issue price. However, investing in IPOs carries risks, including market volatility and the company's performance post-listing, which can affect the stock price significantly.
This evaluation is generated from Omfurn India'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 the price band of Omfurn India IPO?
The price band of Omfurn India IPO is ₹71.0–₹75.0 per share.
When does Omfurn India IPO open and close?
Omfurn India IPO opens on 20 March 2024 and closes on 22 March 2024.
When does Omfurn India IPO list on the stock exchange?
Omfurn India IPO listed on 28 March 2024 at ₹75.0.
What is the lot size for Omfurn India IPO?
The lot size for Omfurn India IPO is 2400 shares, requiring a minimum investment of ₹180,000.
What is the price band for the Omfurn India IPO?
The price band for the Omfurn India IPO is ₹71.0 to ₹75.0.
What is the minimum investment required for the Omfurn India IPO?
The minimum investment required for the Omfurn India IPO is ₹180,000.
What is the lot size for the Omfurn India IPO?
The lot size for the Omfurn India IPO is 2400 shares.
When does the Omfurn India IPO open and close?
The Omfurn India IPO opens on 20 March 2024 and closes on 22 March 2024.
When is the listing date for the Omfurn India IPO?
The listing date for the Omfurn India IPO is 28 March 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Mar 2024
Close
22 Mar 2024
Allotment
26 Mar 2024
Listing
28 Mar 2024
Similar IPOs in Furniture, Home Furnishing
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Omfurn India?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.