Delhi, October 21, 2024 – OBSC Perfection Limited, a precision metal parts manufacturer founded in 2017, launches SME IPO on October 22, 2024 with subscription period ending on October 24, 2024 I plan to. The anchor allocation is that the IPO will raise Rs 6,602,400 at an upper price band of ₹100 per share through all new issue of 6,602,400 shares at a fixed price band between ₹95 and ₹100 per share. We are aiming for
OBSC Perfection, listed on the NSE Emerge platform, specializes in manufacturing a wide range of high-quality precision metal parts for industries such as automotive, defense, marine and communications, and currently has a total sales volume of 3.59 billion across eight countries. It boasts of orders and nominations worth Rs. By submitting offer documents. The company’s product portfolio includes cut blanks, shafts, splines, torsion bars, piston rods and more, serving multiple sectors and regions. OBSC Perfection, which has three manufacturing facilities in Pune, Maharashtra and one in Chennai, Tamil Nadu, grew at a CAGR of over 26% from FY22 to FY24.
Key details of the IPO:
• Issue size: ₹6,602,400 shares
• Price range: ₹95 to ₹100 per share.
• Lot size: minimum 1,200 shares
• Retail minimum investment: ₹120,000
• IPO start date: October 22, 2024
• IPO completion date: October 24, 2024
• Assignment criteria: Scheduled for October 25, 2024
• Listing date: October 29, 2024, NSE SME
The IPO will allocate not more than 50% of the net offer to qualified institutional investors (QIBs), a minimum of 35% to individual retail investors and a minimum of 15% to non-institutional investors (HNI) investors.
The company’s financial performance continues to grow, highlighted by a 20% increase in revenue and 10.62% PAT margin for the year ended March 31, 2024.
Financial performance:
• Revenue (FY24): Rs 116.1 million
• Profit after tax (FY2024): 122.1 billion rupees
• Net worth (as of August 2024): 361 billion rupees
Unistone Capital Pvt Ltd has been appointed as the lead bookrunning manager for the IPO and Bigshare Services Pvt Ltd will act as the registrar. RK Stock Holding Pvt Ltd acts as the market maker for this product.
OBSC Perfection’s experienced promoters and management team leverage their expertise in the steel, auto parts, and precision engineering industries to drive the company’s growth.
OBSC Perfection is part of the 50-year-old Anglian Omega Group, with a presence in a variety of sectors including the production of bright steel bars, electric mobility, high-tech automotive components, infrastructure, supply chain management services and sports. I am.
About OBSC Perfection: –
Founded in 2017, OBSC Perfection Limited manufactures precision metal parts primarily for top OEMs in the automotive industry, but has a smaller presence in the defense, marine and communications sectors. The company operates from four manufacturing facilities, including three in Pune, and offers a wide range of services including machining, turning, manufacturing and assembly, positioning itself as a one-stop solution for complex components. Part of the Anglian Omega Group, founded in 1969, OBSC Perfection benefits from the group’s diverse expertise across multiple disciplines.
