Omfurn India Ltd - IPO

Omfurn India Ltd IPO Details

Further public issue of upto 36,00,000* equity shares of face value of Rs. 10/- each fully paid up of Omfurn India Limited (Omfurn or the Company or the Issuer) for cash at a price of Rs. 75 per equity share (the Issue Price) (including a share premium of Rs. 65 per equity share aggregating Rs. 27 crores (The Issue). The issue includes a reservation of of 1,80,000* equity shares aggregatting to Rs. 1.35 crores will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of upto 34,20,000* equity shares aggregatting to Rs. 25.65 crores (The Net Issue). The issue and the net issue will constitute 30.57% and 29.05% respectively of the post issue paid up equity share capital of the company. The Offer Price is Rs. 75 per equity share of face value of Rs. 10 each.The Offer price is 7.5 times of the face value.Bid can be made for a minimum of 2400 equity shares and in multiples of 2400 equity shares thereafter.

Objective of issue

Funding capital expenditure towards installation or plant & machinery in its existing premises along with required civil electric and fabrication work. Repayment/prepayment in full or part of certain borrowings availed by the company. Funding working capital requirements of the company. General corporate purposes.

Omfurn India Ltd Contact Details

Omfurn India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - omfurn@omfurnindia.com

Website - www.omfurnindia.com