OBSC Perfection IPO

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22nd – 24th Oct 2024
29 Oct 2024
₹95 – ₹100
Lot size 1200 — ₹120000
66cr

Schedule of OBSC Perfection

Issue open date 22 Oct 2024
Issue close date 24 Oct 2024
UPI mandate deadline 24 Oct 2024 (5 PM)
Allotment finalization 25 Oct 2024
Refund initiation 28 Oct 2024
Share credit 28 Oct 2024
Listing date 29 Oct 2024
Mandate end date 08 Nov 2024
Lock-in end date for anchor investors (50%) 24 Nov 2024
Lock-in end date for anchor investors (remaining) 23 Jan 2025

Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.

About OBSC Perfection

OBSC Perfection Limited is a precision metal component manufacturer catering primarily to top OEMs in the automotive industry while expanding into defence, marine, and telecommunication infrastructure sectors. With strategically located manufacturing facilities in Pune and Chennai, they produce a wide range of components, leveraging in-house machining, turning, fabrication, and assembly capabilities. Their business growth, reflected in a 103.47% revenue increase and 239.12% profit surge between FY 2022 and FY 2024, is driven by increased capacity, new customer additions, and operational efficiency. Their order book stands at ₹28.05 crore, with nomination letters valued at ₹290.53 crore, positioning them for future growth. As part of the Anglian Omega Group, their leadership team brings vast industry experience, ensuring consistent business development and operational excellence.


Financials of OBSC Perfection


Issue size

Funds Raised in the IPO Amount
Overall ₹66.02 crores
Fresh Issue ₹66.02 crores
Offer for sale

Utilisation of proceeds

Purpose INR crores (%)
Funding capital expenditure for the purchase of machinery at Unit III (Chennai, Tamil Nadu) 15.42 (23.37%)
Funding capital expenditure for the purchase of machinery at Unit IV (Pune, Maharashtra) 15.17(22.97%)
Funding Working Capital Requirements of the Company 16.66 (25.23%)
General corporate purposes 33.98 (28.43%)

Strengths

  • Manufacturing facilities situated at two of the most prominent auto hubs of India
  • Strategic advantage through streamlined supply chain with adjacent raw material supplier
  • Consistent track record of growth and financial performance
  • Experienced and dedicated promoter and professional management team with extensive domain knowledge

Risks

  • Dependence on the automotive industry’s performance makes them vulnerable to economic cyclicality and reduced demand, potentially impacting operations and financial conditions.
  • Heavy reliance on the domestic market could lead to significant revenue reductions during a market downturn.
  • The geographic concentration of the manufacturing facilities in Pune and Thiruvallur exposes them to regional risks such as social unrest, political issues, and natural disasters.
  • Underutilization or ineffective use of expanded manufacturing capacities may negatively affect the business and financial performance.
  • Failure to obtain, retain, or renew essential approvals, licenses, or permits, or non-compliance with regulatory requirements, could hinder operations.