About Omfurn India Limited [Follow-on]
Omfurn India Limited is launching its FPO. The FPO opens for subscription on 20th March 2024 and will close on 22nd March 2024. The company wants to primarily use the proceeds from the FPO to fund capital expenditure towards the installation of plant & machinery and repayment of certain borrowings by the company.
Disclaimer: This stock will trade with a lot size of 2400 shares in the SME segment on listing.
What is an FPO?
In an Initial Public Offering (IPO), a company offers its shares to the public for the first time. However, when an already listed company offers its shares to the public, the issue is called a Follow-on Public Offer (FPO).
What does Omfurn India Limited do?
Incorporated in 1997, Omfurn India Limited is a manufacturer and supplier of Pre-Finished Wooden Doors and Modular Furniture and creates a wide range of wooden doors and furniture for Modular Kitchens, Wardrobes, Vanities, and Modern Office furniture through customized, system-based, or turnkey projects PAN India. The company was listed in the Emerge Platform of NSE in the year 2017.
Schedule/Timeline of Omfurn India Limited FPO
| Issue Period | 20th March to 22nd March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 26, 2024 |
| Initiation of Refunds | March 27, 2024 |
| Credit of Shares | March 27, 2024 |
| Date of Listing | March 28, 2024 |
| Mandate end date | April 06, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 26, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 26, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Omfurn India Limited FPO?
You can apply for the Omfurn India Limited FPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Omfurn India Limited FPO?
You can check the allotment status for Omfurn India Limited FPO on the website of the Registrar and Transfer agent.