If you’re an investor looking for an opportunity to invest in a growing company, the OBSC Perfection Limited IPO might be worth considering. With its focus on precision metal components, OBSC Perfection has made a name for itself in the automotive and other sectors. In this blog, we will dive into the details of the IPO, including the latest OBSC Perfection IPO GMP today, subscription details, business overview, and much more.
Let’s explore the key details of the OBSC Perfection IPO in a simple and easy-to-read format.
OBSC Perfection IPO: Key Details
The OBSC Perfection IPO will be open for subscription from October 22, 2024, to October 24, 2024. Here’s a table summarizing the key details:
| Event | Date |
|---|---|
| IPO Open Date | October 22, 2024 |
| IPO Close Date | October 24, 2024 |
| Price Band | ₹95 to ₹100 per share |
| Market Lot Size | 1,200 shares |
| Issue Size | ₹66.02 crores |
| Allotment Date | October 25, 2024 |
| Refund Initiation | October 28, 2024 |
| Credit to Demat Accounts | October 28, 2024 |
| Listing Date | October 29, 2024 |
The OBSC Perfection IPO is aimed at raising approximately ₹66.02 crores through a fresh issue. The price band for the shares is set between ₹95 and ₹100 per share, and the minimum investment for retail investors will be ₹120,000 for 1,200 shares.
Subscription Details of OBSC Perfection IPO
The subscription for the OBSC Perfection IPO is divided into three main categories:
- Retail Investors: 35% of the total issue
- Qualified Institutional Buyers (QIB): 50% of the total issue
- Non-Institutional Investors (NII): 15% of the total issue
Retail investors can apply for a minimum of 1,200 shares at a minimum investment of ₹120,000. For High Net-worth Individuals (HNIs), the minimum investment would be double that amount.
As of now, there is no subscription data available, as the IPO is set to open on October 22, 2024. Once the IPO is open for bidding, the subscription status will be updated accordingly.
OBSC Perfection IPO GMP Today
The Grey Market Premium (GMP) for the OBSC Perfection IPO plays a crucial role in determining investor sentiment. As of today, the OBSC Perfection IPO GMP is ₹11, meaning there isn’t much activity or demand in the grey market yet.
The GMP can change quickly based on how the IPO performs in terms of oversubscription or investor interest. If the demand picks up, we might see an increase in the OBSC Perfection IPO GMP Today, which will reflect positively on the expected listing price.
Why Should You Track the GMP?
Tracking the OBSC Perfection IPO GMP Today gives you a sense of whether the IPO is expected to list at a premium or at the issue price. Although a zero GMP right now may indicate low demand, this could change as more investors apply for the IPO. Stay tuned for updates!
Business Overview of OBSC Perfection Limited
OBSC Perfection Limited was founded in 2017 and specializes in manufacturing precision metal components. These components are primarily used in the automotive industry, but the company is expanding its reach into sectors like defense, marine, and telecommunications.
Key Products
The company offers a wide range of metal components, including:
- Shafts and Spline Shafts
- Piston Rods
- Gear Shifters
- Fasteners
- Drive Shafts
- Torsion Rods
- Hubs and Connectors
These products are essential for automotive Original Equipment Manufacturers (OEMs), which form a significant portion of OBSC Perfection’s client base. However, the company is strategically diversifying into non-automotive sectors to ensure sustained growth.
Manufacturing Plants
OBSC Perfection operates four manufacturing facilities located in Pune and Chennai. These plants are well-positioned near raw material suppliers, which allows the company to optimize its supply chain and reduce costs.
Financial Highlights of OBSC Perfection Limited
Impressive Financial Growth
The company has shown remarkable growth in recent years. Here are some key financial metrics:
| Period | Revenue (₹ in Lakhs) | Profit After Tax (₹ in Lakhs) |
|---|---|---|
| FY 2024 (Aug 30) | 5,700.15 | 603.05 |
| FY 2024 (Mar 31) | 11,611.41 | 1,221.21 |
| FY 2023 | 9,691.03 | 457.39 |
OBSC Perfection has grown its revenue by over 20% from FY 2023 to FY 2024, while profit after tax has surged by over 167%, showcasing strong operational efficiency and business expansion.
Key Ratios
- Return on Equity (ROE): 40.61%
- Return on Capital Employed (ROCE): 31.49%
- Profit After Tax Margin: 10.62%
These financials indicate a healthy and growing company with strong profitability, making it an attractive option for investors.
OBSC Perfection IPO GMP Today: What’s the Buzz?
As mentioned earlier, the OBSC Perfection IPO GMP Today is currently ₹0. This may seem concerning, but it’s important to remember that the GMP can fluctuate leading up to the IPO’s listing date. Investors should keep an eye on the GMP over the coming days to assess the overall market sentiment.
If the IPO is heavily subscribed, we might see the OBSC Perfection IPO GMP Today increase, signaling a stronger demand.
Review of OBSC Perfection IPO
Strengths:
- Strong Financial Performance: The company has demonstrated impressive growth in both revenue and profits, with a profit increase of over 167% in FY 2024.
- Strategic Diversification: OBSC Perfection is not just focused on the automotive sector; it is expanding into industries like defense and telecommunications, which could lead to further growth.
- Experienced Management: The leadership team brings extensive experience in precision engineering and manufacturing, which is crucial for maintaining quality and operational efficiency.
Risks:
- Heavy Reliance on Automotive Industry: Although the company is diversifying, a significant portion of its revenue still comes from the automotive sector, which can be cyclical.
- Geographical Concentration: Most of the company’s manufacturing facilities are located in Pune and Chennai, which could be a risk in the case of any regional disruptions.
OBSC Perfection IPO Allotment Process
Once the IPO closes on October 24, 2024, the allotment will be finalized on October 25, 2024. Investors can check their allotment status through the IPO registrar, Bigshare Services Private Limited.
To check the allotment status:
- Visit the registrar’s website.
- Select “OBSC Perfection Limited IPO.”
- Enter your application number, PAN, or DP Client ID.
- Submit to view the status.
The shares will be credited to successful applicants’ demat accounts on October 28, 2024.
FAQs
1. What is the OBSC Perfection IPO?
The OBSC Perfection IPO is a fresh issue aimed at raising ₹66.02 crores. The shares will be priced between ₹95 to ₹100 per share, and the IPO will be listed on the NSE SME platform.
2. When does the OBSC Perfection IPO open?
The IPO will open for subscription on October 22, 2024, and will close on October 24, 2024.
3. What is the OBSC Perfection IPO GMP Today?
As of today, the OBSC Perfection IPO GMP is ₹11. This may change as the IPO progresses, so it’s important to stay updated.
4. How can I apply for the OBSC Perfection IPO?
You can apply through your broker using the UPI method or the ASBA (Application Supported by Blocked Amount) facility available in net banking.
5. What is the lot size for the OBSC Perfection IPO?
The minimum lot size is 1,200 shares, requiring a minimum investment of ₹120,000.
The OBSC Perfection IPO offers a great opportunity for investors to tap into a company with strong financial growth and a promising future. Even though the OBSC Perfection IPO GMP Today is currently low, the final demand might push it higher.