OBSC Perfection IPO

NiftyTrader • October 21, 2024

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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

IPO Date	October 22, 2024 to October 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹95 to ₹100 per share
Lot Size	1200 Shares
Total 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
Shareholding pre-issue	17,850,000
Shareholding post-issue	24,452,400
Market Maker portion	333,600 shares

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.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹120,000
Retail (Max)	1	1200	₹120,000
S-HNI (Min)	2	2400	₹240,000

OBSC Perfection IPO Objectives

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

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”);
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”);
Funding working capital requirements of the Company; and
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

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 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 After Tax	603.05	1,221.21	457.39	360.11
Net Worth	3,610.15	3,007.1	1,785.89	1,328.47
Reserves and Surplus	1,825.15	1,222.1	595.89	138.47
Total Borrowing	4,967.82	4,147.25	3,340.48	1,897.54
				Amount in ₹ Lakhs

OBSC Perfection IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

OBSC Perfection IPO Timeline

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

IPO Open Date	Tuesday, October 22, 2024
IPO Close Date	Thursday, October 24, 2024
Basis of Allotment	Friday, October 25, 2024
Initiation of Refunds	Monday, October 28, 2024
A credit of Shares to Demat	Monday, October 28, 2024
Listing Date	Tuesday, October 29, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 24, 2024