IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size66,02,400 shares (aggregating up to ₹66.02 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 22 Oct 2024
Subscription CloseThu, 24 Oct 2024
Anchor AllotmentMon, 21 Oct 2024
Basis of AllotmentFri, 25 Oct 2024
Initiation of RefundsMon, 28 Oct 2024
Credit of Shares to DematMon, 28 Oct 2024
Listing DateTue, 29 Oct 2024
UPI Mandate Deadline2024-10-24
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
EPS (Pre-IPO)₹6.84
EPS (Post-IPO)₹5.92
P/E Ratio (Pre-IPO)14.62x
P/E Ratio (Post-IPO)16.89x
Net Offer to Public62,68,800 shares (aggregating up to ₹62.69 Cr)
Reserved for Market Maker3,33,600 shares (aggregating up to ₹3.34 Cr)
Pre-IPO Promoter Holding1,78,50,000 shares
Post-IPO Promoter Holding2,44,52,400 shares
About OBSC Perfection Ltd
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 strengthsProduction facilities in two of the most important automotive centers in IndiaStrategic advantage through close supply chain with neighboring raw material suppliersConsistent track record of growth and financial performanceExperienced and dedicated promoter and professional management team with extensive expertiseAs of July 12, 2024, the company had 85 permanent employees.
Objects of the Issue
OBSC Perfection Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit III”) at No. 126, Mappedu Village, Sriperumbudhur Taluka-Mappedu, Thiruvallur631402, Tamil Nadu, India. (“Proposed Expansion at Unit III”);
2
Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit IV”) at Gat no. 417, Nighoje, Near Hotel Maha Laxmi and Mess, Nighoje, Chakan, Taluka-Khed, Pune-410501, Maharashtra, India. (“Proposed Expansion at Unit IV”);
3
Funding working capital requirements of the Company; and
4
General Corporate Purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,78,50,000 shares
Post-IPO Promoter Holding
2,44,52,400 shares