{"id":43578,"date":"2024-10-25T13:09:54","date_gmt":"2024-10-25T07:39:54","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/25\/obsc-perfection-limited-announces-inr-66-crores-sme-ipo-from-22nd-october\/"},"modified":"2024-10-25T13:09:54","modified_gmt":"2024-10-25T07:39:54","slug":"obsc-perfection-limited-announces-inr-66-crores-sme-ipo-from-22nd-october","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/25\/obsc-perfection-limited-announces-inr-66-crores-sme-ipo-from-22nd-october\/","title":{"rendered":"OBSC Perfection Limited Announces INR 66 Crores SME IPO from 22nd October"},"content":{"rendered":"<div>\n<div>\n<p><span data-sheets-root=\"1\"><strong>New Delhi [India] October 24:<\/strong> <\/span>OBSC Perfection Limited, a precision metal components manufacturer established in 2017, is set to open its SME IPO on October 22, 2024, with the subscription period closing on October 24, 2024. Anchor allotment is scheduled to be done on 21<sup>st<\/sup>\u00a0October 2024. The IPO aims to raise \u20b966.02 crores at upper price band of \u20b9100 per share through an entirely fresh issue of 6,602,400 equity shares, with a price band fixed between \u20b995 and \u20b9100 per share.<\/p>\n<p>OBSC Perfection which will be listing on NSE Emerge platform, specializes in manufacturing a diverse range of high-quality engineered precision metal components for industries including Automotive, Defense, Marine, Telecom across 8 countries currently boasts an order book and nominations worth INR 359 crores as per its Offer document filings. The company\u2019s product portfolio includes cut blanks, shafts, splines, torsion bars, piston rods, and more, catering to multiple sectors and regions. With three manufacturing facilities located in Pune, Maharashtra, and one in Chennai, Tamil Nadu, OBSC Perfection has grown at over 26% CAGR over FY22 to FY24.<\/p>\n<p><strong>Key IPO Details:<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>Issue Size:<\/strong>\u00a0\u20b96,602,400 equity shares<\/li>\n<li><strong>Price Band:<\/strong>\u00a0\u20b995 to \u20b9100 per share<\/li>\n<li><strong>Lot Size:<\/strong>\u00a0Minimum of 1,200 shares<\/li>\n<li><strong>Retail Minimum Investment:<\/strong>\u00a0\u20b9120,000<\/li>\n<li><strong>IPO Opening Date:<\/strong>\u00a0October 22, 2024<\/li>\n<li><strong>IPO Closing Date:<\/strong>\u00a0October 24, 2024<\/li>\n<li><strong>Basis of Allotment:<\/strong>\u00a0Expected on October 25, 2024<\/li>\n<li><strong>Listing Date:<\/strong>\u00a0October 29, 2024, on NSE SME<\/li>\n<\/ul>\n<p>The IPO is allocating not more than 50% of the net offer to Qualified Institutional Buyers (QIBs), minimum of 35% to Retail Individual Investors, and minimum of 15% to Non-Institutional Investors (HNI) investors.<\/p>\n<p>The company\u2019s growing financial performance, highlighted by a 20% increase in revenue and PAT margin of 10.62% for the fiscal year ending March 31, 2024.<\/p>\n<p><strong>Financial Performance:<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>Revenue (FY 2024):<\/strong>\u00a0\u20b9116.11 Crores<\/li>\n<li><strong>Profit After Tax (FY 2024):<\/strong>\u00a0\u20b912.21 Crores<\/li>\n<li><strong>Net Worth (as of Aug 2024):<\/strong>\u00a0\u20b936.10 Crores<\/li>\n<\/ul>\n<p>Unistone Capital Pvt Ltd is appointed as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd will act as the registrar. R.K. Stock Holding Pvt Ltd will serve as the market maker for this offering.<\/p>\n<p>OBSC Perfection\u2019s experienced Promoters and management team drive their company\u2019s growth, leveraging their expertise in steel, auto components, and precision engineering industry.<\/p>\n<p>OBSC Perfection is part of the 50 year old Anglian Omega Group, which has presence into various sectors, including electric mobility, high-tech auto-components, infrastructure, supply chain management services, \u00a0and sports besides bright bar steel manufacturing.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India] October 24: OBSC Perfection Limited, a precision metal components manufacturer established in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-43578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/43578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=43578"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/43578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/43579"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=43578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=43578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=43578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}