On door concepts limited IPO GMP Today: Ondoor IPO GMP, Strengths, and Dates

On door concepts IPO GMP Today: The world of finance is abuzz with excitement as Ondoor Concepts Limited gears up for its SME IPO (Small and Medium Enterprises Initial Public Offering). Investors are eagerly awaiting the opportunity to invest in this regional omnichannel grocery and home goods retailer. This blog will provide you with the latest information on the Grey Market Premium (GMP) for Ondoor Concepts Limited’s IPO, its strengths, and essential IPO dates.

Understanding Grey Market Premium (GMP)

GMP is a significant indicator of investor sentiment and demand for a particular IPO. It represents the difference between the unofficial market price and the IPO price.

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On door concepts IPO GMP Today

[Last Updated: 01-Nov-2023; 07:07] As of the latest available data, here’s a day-wise trend for Ondoor IPO GMP:

GMP DateIPO PriceGMPEstimated Listing Price
01-11-2023₹208₹15223 (7.21%)
31-10-2023₹208₹15223 (7.21%)
30-10-2023₹208₹10₹218 (4.81%)
29-10-2023₹208₹10₹218 (4.81%)
28-10-2023₹208₹10₹218 (4.81%)
27-10-2023₹208₹10₹218 (4.81%)
26-10-2023₹208₹15₹223 (7.21%)
25-10-2023₹208₹15₹223 (7.21%)
24-10-2023₹208₹15₹223 (7.21%)
23-10-2023₹208₹30238 (14.42%)
22-10-2023₹208₹30238 (14.42%)
21-10-2023₹208₹30238 (14.42%)
20-10-2023₹208₹30238 (14.42%)
19-10-2023₹208₹30238 (14.42%)
18-10-2023₹208₹30238 (14.42%)
17-10-2023₹208₹25₹233 (12.02%)
16-10-2023₹208₹25₹233 (12.02%)
15-10-2023₹208₹0₹208 (0%)
14-10-2023₹208₹0₹208 (0%)

It’s important to note that as of the given information, GMP has not started for Ondoor Concepts Limited’s IPO, meaning that there’s no premium or discount associated with the IPO price. Investors should keep an eye on GMP updates as they can change rapidly leading up to the listing date.

Ondoor Concepts Limited SME IPO Strengths

Understanding the strengths of the company is crucial for investors to make informed decisions. Here are some of the strengths of Ondoor Concepts Limited:

  1. E-tailing Business: Ondoor operates an e-tailing business, which combines the convenience of online ordering with the traditional experience of visiting a grocery store. This hybrid approach caters to a wide range of customer preferences.
  2. Franchisee Model: Ondoor Concepts focuses on smaller cities through a franchise model. This approach allows them to efficiently expand their presence, target densely populated areas, and tap into the growing middle-class and upper-middle-class consumer base in these regions.
  3. Other Important Strengths: While specific details about other strengths aren’t provided in the available data, the company’s commitment to providing one-stop shopping, competitive pricing, local market knowledge, and an efficient supply chain are mentioned as key contributors to its growth and success.

Ondoor Concepts SME IPO Dates

The success of an IPO depends on adhering to a well-structured timeline. Here are the crucial dates for Ondoor Concepts Limited SME IPO:

  • SME IPO Open Date: 23-10-2023
  • SME IPO Close Date: 27-10-2023
  • Basis of Allotment Finalisation Date: 01-11-2023
  • Refunds Initiation Date: 02-11-2023
  • Credit of Shares to Demat Account: 03-11-2023
  • SME IPO Listing Date: 06-11-2023

Investors should mark these dates on their calendars to stay updated with the IPO process.

About Ondoor Concepts Limited

Ondoor Concepts Limited, founded in December 2014, is a rapidly growing regional omnichannel grocery and home goods retailer. The company combines traditional grocery stores with the convenience of online ordering for hyperlocal home delivery. They have a unique approach of sourcing online orders directly from their physical stores, ensuring freshness and convenience.

Ondoor Concepts focuses on smaller cities through a franchise model and strategically chooses store locations based on efficient supply chain management and customer demographics. Their product range includes staples, groceries, fruits and vegetables, snacks, processed foods, dairy, frozen products, beverages, and confectionery.

As the company continues to expand, it aims to provide one-stop shopping to customers with competitive pricing and a deep understanding of local markets. Their commitment to quality and customer satisfaction has been pivotal in their growth and success.

In conclusion, Ondoor Concepts Limited’s SME IPO presents an opportunity for investors to participate in the growth of a regional omnichannel retailer. Keep an eye on the evolving GMP, stay informed about the strengths of the company, and mark the important IPO dates to make well-informed investment decisions. Investing in an IPO requires thorough research and careful consideration, and this blog is a valuable resource to get started.

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