OBSC Perfection Limited IPO is an exciting upcoming SME IPO set to open for subscription on October 22, 2024, and close on October 24, 2024. The IPO consists entirely of a fresh issue of 66.02 lakh shares, with a price band of ₹95 to ₹100 per share.
Investors can apply for this IPO with a minimum lot size of 1200 shares, amounting to an IPO investment of ₹120,000. The listing is set for October 29, 2024, on NSE SME. With Unistone Capital Pvt Ltd as the lead manager and R.K. Stock Holding as the market maker, this IPO offers a unique opportunity for retail and HNI investors alike. Keep an eye on this one as part of your upcoming IPOs strategy!
The OBSC Perfection Limited IPO offers investors a fresh issue of shares with an attractive price band. With key dates and investment requirements already announced, this IPO provides a great opportunity for retail and HNI investors. Below are the key details to help you evaluate this upcoming IPO.
| OBSC Perfection Limited IPO date | October 22, 2024 to October 24, 2024 |
| Price band | ₹95 to ₹100 per share |
| Face value | ₹10 per share |
| 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) |
| Lot size | 1200 Shares |
| Listing at | NSE SME |
| Issue type | Book Built Issue IPO |
| Market maker portion | 333,600 shares |
| Share holding pre issue | 17,850,000 |
| Share holding post issue | 24,452,400 |
The OBSC Perfection Limited IPO timeline outlines key dates for investors, including the opening and closing of subscriptions, allotment finalisation, and the listing date. This timeline helps investors stay informed about crucial events, ensuring they take important steps in the IPO investment process. Here are the key dates:
| IPO open date | October 22, 2024, Tuesday |
| IPO close date | October 24, 2024, Thursday |
| Basis of allotment | October 25, 2024, Friday |
| Initiation of refunds | October 28, 2024, Monday |
| Credit of shares to Demat | October 28, 2024, Monday |
| Listing date | October 29, 2024, Tuesday |
| Cut-off time for UPI mandate confirmation | October 24, 2024, by 5 PM |
Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering high-quality engineered products for various industries. Its portfolio includes cut blanks, shafts, torsion bars, piston rods, gear shifters, fasteners, flanges, and more. As of July 2024, OBSC Perfection offers 24 different products catering to Original Equipment Manufacturers (OEMs) in the automotive, defence, marine, and telecom sectors.
The company operates four manufacturing facilities, three in Pune, Maharashtra, and one in Chennai, Tamil Nadu—both key automotive hubs in India. Its competitive strengths include strategic locations, a strong supply chain, consistent growth, and an experienced management team. As of July 2024, OBSC Perfection had 85 permanent employees supporting its expanding operations.
OBSC Perfection IPO boasts a market capitalisation of ₹244.52 crore, reflecting strong financial metrics as of March 31, 2024. Key performance indicators (KPIs) include a Return on Equity (ROE) of 40.61%, a Return on Capital Employed (ROCE) of 31.49%, and a Debt-to-Equity ratio of 1.38. The company's Price-to-Book Value (P/BV) stands at 5.93, with a Profit After Tax (PAT) margin of 10.62%. The Earnings Per Share (EPS) pre-IPO is ₹6.84, while post-IPO is projected at ₹5.92, reflecting a Price-to-Earnings (P/E) ratio shift from 14.62x to 16.89x. The funds raised will support expansion and working capital needs.
| Period ended | August 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 5,700.15 | 11,611.41 | 9,691.03 | 5,672.42 |
| Assets | 11,066.37 | 8,650.59 | 6,916.01 | 4,847.48 |
| Net worth | 3,610.15 | 3,007.10 | 1,785.89 | 1,328.47 |
| Profit after tax | 603.05 | 1,221.21 | 457.39 | 360.11 |
| Total borrowing | 4,967.82 | 4,147.25 | 3,340.48 | 1,897.54 |
| Reserves and surplus | 1,825.15 | 1,222.10 | 595.89 | 138.47 |
| Amount in ₹ lakhs | ||||
OBSC Perfection boasts production facilities in two major automotive hubs in India, providing a strategic advantage with a close supply chain to neighbouring raw material suppliers. The company has a consistent track record of growth and financial performance, backed by an experienced and dedicated promoter and professional management team.
As a relatively new company established in 2017, OBSC Perfection faces challenges associated with limited brand recognition. Additionally, the company's high dependence on the automotive sector could expose it to market volatility and fluctuations in demand within this industry.
The OBSC Perfection Limited IPO presents a promising opportunity for investors looking to participate in an upcoming OBSC Perfection Limited IPO SME IPO. With its strategic production facilities in key automotive hubs and a robust portfolio of precision metal components, OBSC Perfection is well-positioned for growth. While it faces challenges as a newer player in the market, its experienced management team and consistent financial performance provide a solid foundation. As you consider your investment strategy, keep an eye on the OBSC Perfection Limited IPO GMP, which is currently being updated daily.
The OBSC Perfection Limited IPO is a Small and Medium Enterprises (SME) IPO offering 6,602,400 equity shares with a value of ₹10 per share, aggregating to a total of ₹66.02 crores. The share price is set between ₹95 and ₹100, with a minimum order quantity of 1,200 shares.
The IPO will be open for application from October 22, 2024, to October 24, 2024.
The OBSC Perfection IPO will open for subscription on October 22, 2024, and will close on October 24, 2024.
The lot size for the OBSC Perfection Limited IPO is 1,200 shares, and a minimum investment of ₹120,000 is required.
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