On Door Concepts, founded on December 15, 2014, is an emerging regional omni-channel retailer specialising in groceries and household essentials.
| Bidding Dates |
|---|
| 23 Oct 2023 - 27 Oct 2023 |
| Subscription |
|---|
| 5.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 600 | 1.5 M | ₹208 | 68.42 % | ₹311.8 M | RHP DOC |
On Door Concepts IPO SUBSCRIPTION STATUS
27 Oct '23On Door Concepts IPO overall subscription rate was 5.25 times the total available shares
On Door Concepts IPO retail subscription rate was 7.41 times in the retail segment
On Door Concepts IPO non-institutional investor subscription rate was 3.09 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Oct 2023 (Day 4) | 7.41x | 3.09x | - |
26 Oct 2023 (Day 3) | 5.12x | 1.61x | - |
25 Oct 2023 (Day 2) | 4.04x | 1.22x | - |
23 Oct 2023 (Day 1) | 1.4x | 0.35x | - |
On Door Concepts FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY24 | 5.6 | 702.6 | -73.0 | -73.0 | 3.2% |
| FY23 | 130.6 | 1801.5 | 207.0 | 58.1 | 2.2% |
| FY22 | -53.7 | 1731.4 | 121.6 | 33.7 | 0.9% |
| FY21 | -52.3 | 1826.5 | -38.4 | -105.9 | 0.6% |
On Door Concepts IPO SUBSCRIPTION STATUS DETAILS
On Door Concepts had 1.5 M shares on offer
On Door Concepts IPO offer price was ₹208
On Door Concepts IPO minimum Investment was ₹124800
On Door Concepts IPO issue size was ₹ 311.8 M
On Door Concepts had a minimum lot size of 600 Shares per application
On Door Concepts NUMBER OF SHARES ON OFFER
On Door Concepts IPO IMPORTANT DATES
| Issue Open Date | 23 Oct 2023 |
| Issue close Date | 27 Oct 2023 |
| Allotment Date | 30 Oct 2023 |
| Refund Date | 30 Oct 2023 |
| Demat Account Credit Date | 31 Oct 2023 |
| Listing Date | 01 Nov 2023 |
| Listing on Exchange(s) | NSE |
| On Door Concepts Allotment Status | Exchange |
On Door Concepts IPO subscription opened on 23 Oct 2023, and closed on 27 Oct 2023
IPO allotment for On Door Concepts was finalized on Monday, 30 Oct 2023
IPO listing for On Door Concepts was on NSE on Wednesday, 01 Nov 2023
On Door Concepts IPO LISTING GAINS
| Issue Price (adjusted) | 208.0 |
| Listing Open Price | 214.0 |
| Listing Close Price | 203.4 |
| Listing Gain% | 2.9% |
| Current Gain% | 20.1% |
On Door Concepts Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| On Door Concepts Ltd. | 249.8 | 141.1 | 16.2 | 1.4 | 0.4 | 9.7 | 7.7 | 320.8 | 17.5 | 10.8 | 38.5 | 15.4 | 11.8 |
| One97 Communications Ltd. | 1584.1 | 101561.9 | 156.2 | 1.4 | 11.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1630 | 75419.3 | 100.8 | 1 | 10.3 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1594.5 | 22463.2 | 47 | 2.4 | 7.9 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 161.9 | 18685.6 | 146.8 | 0.7 | 6.6 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Amagi Media Labs Ltd. | 647.8 | 14013.4 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 |
On Door Concepts INFORMATION ON IPO ISSUE
About On Door Concepts
On Door Concepts, founded on December 15, 2014, is an emerging regional omni-channel retailer specialising in groceries and household essentials.
Object of the Issue
- Augmenting additional working capital requirements
- General corporate purposes
On Door Concepts - PROMOTERS
| Name |
|---|
| Narendra Singh Bapna |
| Pramod Ramdas Ingle |
| Vaishali Pramod Ingle |
| Swati Bapna |
| NSB BPO Solutions Private Limited |
On Door Concepts Lead Manager of the Issue
First Overseas Capital Limited
mb@focl.in
On Door Concepts Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
On Door Concepts Strengths
E-tailing business
Ondoor operates a comprehensive online business that includes Android and iOS apps, a web portal, and a telephone ordering system. The company also has a fully integrated backend logistics operation to pick, pack, and deliver orders right to customers' doorsteps
Franchisee model
Under On Door's Franchise Owned Company Operated (FOCO) model, any individual or company in any city can acquire an On Door franchise. Interested parties can do this by reaching out to the company and making the required investment as specified by On Door
Essential products
The company mainly stocks essential products, which are part of basic spending rather than discretionary spending. As a result, the business is largely immune to seasonal fluctuations and temporary downturns in macro-economic conditions
On Door Concepts Risks
Legal proceedings
The company, along with its promoters and directors, is engaged in various legal proceedings and potential lawsuits. An unfavorable outcome in these cases could result in liabilities or penalties that could negatively impact the business
Net losses
The company has a track record of net losses and expects that it may continue to incur losses going forward
Geographically concentrated
The company derives most of its sales from stores located in Madhya Pradesh. Any negative developments affecting operations in this state could harm the business
IPO FAQs
The promoters of the company are Narendra Singh Bapna, Pramod Ramdas Ingle, Vaishali Pramod Ingle, Swati Bapna and NSB BPO Solutions Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 208.0 - 208.0.
The IPO application opens on Oct 23, 2023 and closes on Oct 27, 2023.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on Oct 30, 2023.
The refund will be credited to your account on Oct 30, 2023.
The allotted shares will be credited to your demat on Oct 31, 2023.
On Door Concepts Ltd.’s shares listed on the stock exchanges on Nov 01, 2023.