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.