6F, 6th Floor, M-6, Uppal Plaza,
Jasola District Centre,
South Delhi- 110025
Phone: 022-2697 2586
Email: abhishek@obscperfection.com
Website: https://www.obscperfection.com/
Last updated on 24-Oct-2024 19:09:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1254000 | 12808800 | 10.21 |
| NIB | 940800 | 24662400 | 26.21 |
| RETAIL | 2194800 | 35544000 | 16.19 |
| Total | 4389600 | 73015200 | 16.63 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 17 |
| NIB | 2236 |
| RETAIL | 29620 |
| Total | 31873 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 12.54 | 128.09 | 10.21 |
| NIB | 9.41 | 246.62 | 26.21 |
| RETAIL | 21.95 | 355.44 | 16.19 |
| Total | 43.9 | 730.15 | 16.63 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.37 | @8% ₹1.57 | @9% ₹1.76 | @10% ₹1.96 | @11% ₹2.15 | @12% ₹2.35 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹3.52 | @8% ₹4.02 | @9% ₹4.52 | @10% ₹5.03 | @11% ₹5.53 | @12% ₹6.03 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 120000 | 1829 |
| HNI | 2 | 2400 | 240000 | 784 |
OBSC Perfection IPO Details
| Issue Size | 6,602,400 shares (aggregating up to ₹66.02 Cr) |
| Fresh Issue | 6,602,400 shares (aggregating up to ₹66.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,850,000 |
| Share holding post issue | 24,452,400 |
| Market Maker portion | 333,600 shares R.K.Stock Holding |
OBSC Perfection IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 40.61% | 25.61% | 27.11% |
| ROCE | 31.49% | 20.07% | 18.45% |
| RONW | 40.61% | 25.61% | 27.11% |
| D/E | 1.38 | 1.87 | 1.43 |
| EPS (basic) | 6.84 | 2.56 | 2.02 |
| P/E Pre IPO | 14.62 | ||
| P/E Post IPO | 16.89 |
Company Financials
OBSC Perfection Limited Financial Information (Restated)
OBSC Perfection Limited's revenue increased by 20% and profit after tax (PAT) rose by 167% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Aug 2024 | Mar 2024 | Mar 2023 | Mar 2022 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 11,066.37 | 8,650.59 | 6,916.01 | 4,847.48 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,700.15 | 11,611.41 | 9,691.03 | 5,672.42 | ||||||||||||||||||||||||||||||||||||
| Profit | 603.05 | 1,221.21 | 457.39 | 360.11 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,610.15 | 3,007.1 | 1,785.89 | 1,328.47 | ||||||||||||||||||||||||||||||||||||
| Reserves | 1,825.15 | 1,222.1 | 595.89 | 138.47 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 4,967.82 | 4,147.25 | 3,340.48 | 1,897.54 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Established in 2017, OBSC Perfection Limited is a precision metal components manufacturer offering a diverse range of high-quality engineered products for various end-user industries across different regions. The company’s product portfolio, as of July 23, 2024, consists of 24 precision-engineered components, including cut blanks, shafts, torsion bars, piston rods, gear shifters, flanges, fasteners, and more. OBSC Perfection primarily caters to Original Equipment Manufacturers (OEMs), supplying components to leading automobile manufacturers in India, while also serving industries such as defense, marine, and telecom infrastructure. The company operates four manufacturing facilities—three located in Pune, Maharashtra, and one in Chennai, Tamil Nadu—strategically positioned in major automotive hubs to enhance its production capabilities and serve its clients efficiently.
Strength
Prime Locations: Production facilities in key automotive hubs—Pune and Chennai—provide strategic access to major markets and clients.
Efficient Supply Chain: Proximity to raw material suppliers ensures streamlined operations and cost-effective production.
Strong Growth: A consistent track record of financial growth demonstrates the company's stability and performance.
Weakness
Customer Concentration: Dependence on the top 10 customers, contributing over 64% of revenue in recent years, poses a risk, as losing any of them could significantly impact business and financial stability.
Automotive Industry Dependence: Reliance on the cyclical automotive industry makes the company vulnerable to economic downturns and reduced demand, potentially affecting operations and profitability.
Domestic Market Reliance: Heavy dependence on the domestic market exposes the company to risks from local market downturns, which could lead to reduced sales and revenue.