OBSC Perfection Ltd. was incorporated on March 17, 2017. The company is a precision metal component manufacturer providing a diverse range of high-quality engineered products for various industries. It primarily serves top OEMs in the automotive sector and also caters to defense, marine, and telecommunications manufacturers
| Bidding Dates |
|---|
| 22 Oct 2024 - 24 Oct 2024 |
| Subscription |
|---|
| 15.46x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 6.6 M | ₹95 - ₹100 | 73 % | ₹627.2 M - ₹660.2 M | RHP DOC |
OBSC Perfection Ltd. IPO SUBSCRIPTION STATUS
24 Oct '24OBSC Perfection Ltd. IPO overall subscription rate was 15.46 times the total available shares
OBSC Perfection Ltd. IPO retail subscription rate was 21.5 times in the retail segment
OBSC Perfection Ltd. IPO non-institutional investor subscription rate was 34.81 times in the non-institutional investor category
OBSC Perfection Ltd. IPO Qualified Institutional Bidder subscription rate was 5.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Oct 2024 (Day 3) | 21.5x | 34.81x | 5.42x |
23 Oct 2024 (Day 2) | 3.24x | 3.6x | 1.44x |
22 Oct 2024 (Day 1) | 0.8x | 0.2x | 0.76x |
OBSC Perfection Ltd. 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 |
| 5MFY25 | 60.3 | 565.3 | 26.0 | -67.2 | 18.3% |
| FY24 | 122.1 | 1150.3 | 52.0 | -52.7 | 18.1% |
| FY23 | 45.7 | 963.6 | 14.5 | -121.0 | 10.1% |
| FY22 | 36.0 | 565.3 | 63.9 | 8.4 | 12.5% |
OBSC Perfection Ltd. IPO SUBSCRIPTION STATUS DETAILS
OBSC Perfection Ltd. had 6.6 M shares on offer
OBSC Perfection Ltd. IPO offer price was in the range ₹95 - ₹100
OBSC Perfection Ltd. IPO minimum Investment was ₹114000
OBSC Perfection Ltd. IPO issue size was ₹ 627.2 M - ₹ 660.2 M
OBSC Perfection Ltd. had a minimum lot size of 1200 Shares per application
OBSC Perfection Ltd. NUMBER OF SHARES ON OFFER
OBSC Perfection Ltd. IPO IMPORTANT DATES
| Issue Open Date | 22 Oct 2024 |
| Issue close Date | 24 Oct 2024 |
| Allotment Date | 25 Oct 2024 |
| Refund Date | 28 Oct 2024 |
| Demat Account Credit Date | 28 Oct 2024 |
| Listing Date | 29 Oct 2024 |
| Listing on Exchange(s) | NSE |
| OBSC Perfection Ltd. Allotment Status | Exchange |
OBSC Perfection Ltd. IPO subscription opened on 22 Oct 2024, and closed on 24 Oct 2024
IPO allotment for OBSC Perfection Ltd. was finalized on Friday, 25 Oct 2024
IPO listing for OBSC Perfection Ltd. was on NSE on Tuesday, 29 Oct 2024
OBSC Perfection Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 110.0 |
| Listing Close Price | 115.5 |
| Listing Gain% | 10.0% |
| Current Gain% | 649.0% |
OBSC Perfection Ltd. 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OBSC Perfection Ltd. | 749 | 1831.5 | 67.8 | 1.1 | 8.3 | 15.7 | 9.1 | 223.5 | 53.9 | 27 | 61.2 | 11 | 61.2 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
OBSC Perfection Ltd. INFORMATION ON IPO ISSUE
About OBSC Perfection Ltd.
OBSC Perfection Ltd. was incorporated on March 17, 2017. The company is a precision metal component manufacturer providing a diverse range of high-quality engineered products for various industries. It primarily serves top OEMs in the automotive sector and also caters to defense, marine, and telecommunications manufacturers
Object of the Issue
- Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit III”).
- Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit IV”).
- Funding working capital requirements of the company
- General corporate purpose
OBSC Perfection Ltd. - PROMOTERS
| Name |
|---|
| Saksham Leekha |
| Ashwani Leekha |
| Sanjeev Verma |
| Rajni Verma |
| Asha Narang |
| Sandeep Narang |
| Richard Blum |
| Adrianne Blum |
| Pascal Blum |
| Simon Blum |
| Omega Bright Steel & Components Private Limited (“OBSCPL”) |
OBSC Perfection Ltd. Lead Manager of the Issue
Unistone Capital Private Limited
mb@unistonecapital.com
OBSC Perfection Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
OBSC Perfection Ltd. Strengths
Geographical advantage
Located in key auto hubs like Pune and Chennai, the company benefits from closer proximity to OEM clients, facilitating quicker communication and faster order fulfillment. This physical closeness enhances collaboration, deepens understanding of client needs, and strengthens partnerships
Strategic advantage
The company benefits from strategically co-locating its manufacturing facility with Omega Bright Steel & Components, its main supplier of high and low-carbon steel bright bars, which are a major part of its raw material consumption
Professional management
The company is led by experienced promoters from the steel and auto components industries, who serve as a driving force. Under their leadership, the company has achieved consistent growth over the past few years
OBSC Perfection Ltd. Risks
Dependent on top 10 customers
The company relies heavily on its top 10 customers, who accounted for 57.1%, and 65.5% of revenue for the periods ending August 31, 2024, and FY24 respectively. Losing any of these customers could significantly impact the company’s business, financial condition, and cash flows
Dependent on the performance of the automotive industry
The company depends on the automotive industry's performance, and economic cyclicality or reduced demand in India or globally could adversely impact its business, results, and financial condition
Dependent on domestic market
The company primarily depends on domestic sales, but its products are also sold in countries like Italy, Germany, the USA, Argentina, Belgium, Turkey, Mexico, and Indonesia. Any failure to maintain this sales dispersion could impact revenues and overall financial performance
IPO FAQs
The promoters of the company are Saksham Leekha, Ashwani Leekha, Sanjeev Verma, Rajni Verma, Asha Narang, Sandeep Narang, Richard Blum, Adrianne Blum, Pascal Blum, Simon Blum and Omega Bright Steel & Components Private Limited (“OBSCPL”).
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Oct 22, 2024 and closes on Oct 24, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Oct 25, 2024.
The refund will be credited to your account on Oct 28, 2024.
The allotted shares will be credited to your demat on Oct 28, 2024.
OBSC Perfection Ltd.’s shares listed on the stock exchanges on Oct 29, 2024.