IPO Details
Bidding Dates
22 Oct 24 - 24 Oct 24
Price Range ₹
95 - 100
Total Equity
₹ 66.02Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
22 Oct 2024
Offer end
24 Oct 2024
Allotment
25 Oct 2024
Refund initiation
28 Oct 2024
Demat transfer
28 Oct 2024
Listing
29 Oct 2024
Offer start
22 Oct 2024
Offer end
24 Oct 2024
Allotment
25 Oct 2024
Refund initiation
28 Oct 2024
Demat transfer
28 Oct 2024
Listing
29 Oct 2024
About Company
Founded in 2017, OBSC Perfection Limited is a manufacturer of precision metal components, offering a diverse range of high-quality engineered products for various industries and regions. The company produces a wide array of precision metal components, including but not limited to cut blanks, shafts/splines, torsion bars, piston rods, rack bar semi-finished products, pinions, drive shafts, gear shifters, cable end fittings, sensor bosses, sleeves, push plates, hubs, housings, as well as brass and aluminum parts like fork bolts, fasteners, connectors, ball pins, flanges, rings, and adapters. As of July 23, 2024, its product portfolio includes 24 different products. OBSC Perfection primarily serves Original Equipment Manufacturers (OEMs), which supply components and parts to leading automotive manufacturers in India. In addition to the automotive sector, the company also supplies precision components to manufacturers in the defense, marine, and telecom infrastructure sectors. The company operates four manufacturing facilities—three located in Pune, Maharashtra (Unit I, Unit II, Unit IV), a key automotive hub, and one in Chennai, Tamil Nadu, another major center for the automotive industry. Competitive advantages include: - Production facilities located in two of India’s most important automotive hubs - Strategic advantage from a closely integrated supply chain with nearby raw material suppliers - A consistent track record of growth and financial performance - An experienced and dedicated promoter, supported by a professional management team with extensive expertise As of July 12, 2024, the company employed 85 permanent staff members.
Year Founded
17-03-2017
Promotor Details
Asha Narang
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73 |
| Share Capital | 17850000 | 17850000 |
Offer to Public
66,02,400.00 Cr
Highlights
- Operating from two key automotive hubs, Pune and Chennai, allows OBSC Perfection to benefit from faster communication, quicker order fulfillment, and efficient problem resolution, enhancing overall operational efficiency.
- The company’s co-location with Omega Bright Steel & Components Private Limited, its primary supplier of high- and low-carbon steel bright bars, ensures a steady and high-quality supply of raw materials, which is critical for maintaining production quality.
- OBSC Perfection is ISO 9001:2015 certified for its quality management systems, and it holds IATF 16949:2016 certification, a globally recognized standard for the automotive industry, ensuring high-quality products that meet strict industry standards.
- The company has shown a strong financial performance with a steady increase in revenue from Rs 56.53 crore in FY22 to Rs 115.03 crore in FY24, and a rise in profit after tax from Rs 3.60 crore in FY22 to Rs 12.21 crore in FY24, demonstrating robust business growth.
- OBSC Perfection offers a wide range of precision-engineered metal components, catering to multiple industries, including automotive, defense, marine, and telecom sectors, which diversifies its customer base and reduces dependency on a single market segment.
Challenges
- A significant portion of the company’s revenue is reliant on a few major customers, with the top 10 contributing 65.54% of revenue in FY24. The loss or reduction in business from any of these key clients could severely impact the company's financial performance.
- The automotive sector accounts for the majority of OBSC Perfection's revenue, with 93.01% coming from this sector in FY24. Any downturn or fluctuations in the automotive industry could negatively affect the company’s operations and financial health.
- OBSC Perfection relies heavily on the domestic market, with over 83% of its revenue in FY24 generated within India. Any adverse economic or market developments domestically could harm the company’s financial performance.
- A large portion of the company's sales comes from the west and south zones of India. In FY24, the west zone contributed 73.01%, and the south zone 22.59%. Any unfavorable business conditions or disruptions in these regions could adversely affect the company’s sales and operations.
- The company, along with its directors, promoters, and a group company, is involved in ongoing legal proceedings. Adverse outcomes in these cases could harm OBSC Perfection’s business prospects and financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 4,847.48 | 1,190.00 | 457.39 | 457.39 | 2.5624 |
| 2023 | 6,916.01 | 1,190.00 | 360.11 | 360.11 | 2.0174 |
| 2024 | 8,650.59 | 1,785.00 | 457.39 | 457.39 | 2.5624 |
