OBSC Perfection Limited
IPO Details
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Company Fin.
₹6(6.00%)
Premium (ELP)
OBSC Perfection Limited's achieved publicly listed status following its IPO debut on Oct 29, 2024 at the NSE platform. The offering successfully mobilized 66,02,400 Shares, with 66,02,400 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹95 to ₹100, starting from minimum lots of 1200 shares. The subscription window from Oct 22, 2024 through Oct 24, 2024 enabled investor participation across market segments.
Share allocation was completed on Oct 25, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2017, OBSC Perfection Limited is a manufacturer of precision metal components that produces a wide range of high-quality engineering products for different industries and regions. The company makes various parts such as shafts, piston rods, gear shifters, fasteners, connectors, and many other metal components, with a total of 24 products as of July 2024. OBSC Perfection mainly serves Original Equipment Manufacturers (OEMs) that supply parts to top automobile makers in India, while also catering to clients in defense, marine, and telecom sectors. The company operates four manufacturing units—three in Pune, Maharashtra, and one in Chennai, Tamil Nadu—both key automotive hubs in India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strategic Locations: With production facilities in Pune and Chennai, the company is well-positioned in major automotive hubs, ensuring easy access to key markets and clients.
- Smooth Supply Chain: Being close to raw material suppliers helps in maintaining efficient operations and keeping production costs low.
- Steady Growth: The company has a strong history of financial growth, showcasing its stability and success over time.
- Reliance on Key Customers: Over 64% of revenue comes from the top 10 customers. Losing any of them could significantly impact the company's financial stability.
- Tied to the Automotive Industry: Since the company depends on the automotive sector, economic slowdowns or lower demand in this industry could affect its operations and profits.
- Focus on the Domestic Market: With most of its business coming from the local market, any economic downturns at home could lead to lower sales and revenue.
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