OBSC Perfection IPO

The OBSC Perfection IPO opens for subscription on October 22, 2024, and closes on October 24, 2024. The allotment for the OBSC Perfection IPO is expected to be finalized on Friday, October 25, 2024. The IPO will list on NSE SME with a tentative listing date fixed as Tuesday, October 29, 2024.

OBSC Perfection IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.

OBSC Perfection IPO is a book built issue of Rs 66.02 crores. The issue is entirely a fresh issue of 66.02 lakh shares.

OBSC Perfection IPO Details

OBSC Perfection IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

OBSC Perfection IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

1. Funding capital expenditure requirements towards purchasing machinery for the existing manufacturing facility (“Unit III”) at No. 126, Mappedu Village, Sriperumbudhur Taluka-Mappedu, Thiruvallur631402, Tamil Nadu, India. (“Proposed Expansion at Unit III”);
2. Funding capital expenditure requirements towards the purchase of machinery for the existing manufacturing facility (“Unit IV”) at Gat no. 417, Nighoje, Near Hotel Maha Laxmi and Mess, Nighoje, Chakan, Taluka-Khed, Pune-410501, Maharashtra, India. (“Proposed Expansion at Unit IV”);
3. Funding working capital requirements of the Company; and
4. General Corporate Purposes.

About OBSC Perfection Limited

Founded in 2017, OBSC Perfection is a precision metal components manufacturer specializing in high-quality engineered parts for various industries, including automotive, defense, marine, and telecom infrastructure. With a diverse product portfolio of 24 precision components—ranging from shafts and torsion bars to fasteners and flanges—the company primarily serves Original Equipment Manufacturers (OEMs) supplying leading automobile manufacturers in India. OBSC Perfection operates four manufacturing facilities, three in Pune, Maharashtra, and one in Chennai, Tamil Nadu, strategically positioned in key automotive hubs. The company’s competitive strengths include proximity to raw material suppliers, a solid track record of growth, and a dedicated management team, all supported by a workforce of 85 permanent employees as of July 2024.

OBSC Perfection Financial Information

OBSC Perfection IPO Reservation

OBSC Perfection IPO Timeline

OBSC Perfection IPO opens on October 22, 2024, and closes on October 24, 2024.