On Door Concepts Limited IPO: On Door IPO Date, Price, Fianncial, Details

The On Door Concepts Limited IPO is generating significant buzz in the Indian investment community. As the e-commerce sector continues to thrive, On Door Concepts has carved a niche for itself by catering specifically to the grocery and home essentials market. In this blog, we will delve into the details of this IPO, its offerings, and what investors can expect from this emerging player in the e-commerce industry.

IPO Details

On Door Concepts Limited is set to offer an IPO with a fixed price of Rs 31.18 crores. The issue consists entirely of a fresh issue of 1,498,800 shares. The IPO subscription window opens on October 23, 2023, and closes on October 27, 2023. The final allotment for this IPO is expected to be completed by November 1, 2023. The shares are slated to be listed on NSE SME, with a tentative listing date of November 6, 2023.

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The price of each share is set at ₹208, with a minimum lot size for application being 600 shares. Retail investors can participate with a minimum investment of ₹124,800, while High Net Worth Individuals (HNIs) need to invest a minimum of 2 lots, totaling 1,200 shares, amounting to ₹249,600.

See Also: Upcoming IPO List

On Door Concepts IPO Detailes

IPO NameOn Door Concepts IPO
IPO DateOctober 23, 2023 to October 27, 2023
Listing DateNovember 6, 2023
Face Value₹10 per share
Price₹208 per share
Lot Size600 Shares
Total Issue Size1,498,800 shares (aggregating up to ₹31.18 Cr)
Fresh Issue1,498,800 shares (aggregating up to ₹31.18 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Shareholding Pre Issue4,149,812
Shareholding Post Issue5,648,612
Market Maker Portion86,400 shares

See Also: On Door IPO GMP

On Door Concepts IPO Reservation

The IPO offers an equitable allocation with 50% of the net issue reserved for retail investors and 50% for other categories.

On Door IPO Promoter Holding

The company’s promoters are NSB BPO Solutions Private Limited, Mr. Narendra Singh Bapna, Mr. Pramod Ramdas Ingle, Mrs. Swati Bapna, and Mrs. Vaishali Ingle. Their shareholding pre-issue is 51.92%, which is set to reduce to 38.14% post-issue.

On Door Concepts Limited IPO Financials

On Door Concepts Limited’s revenue increased by 3.93% and profit after tax (PAT) dropped by -343.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets9,009.467,782.376,563.49
Revenue18,015.0217,333.0918,306.01
Profit After Tax1,306.18-536.98-523.44
Net Worth5,120.78-6,625.38-6,088.40
Reserves and Surplus4,734.32-6,827.89-6,290.91
Total Borrowing
Amount in ₹ Lakhs

On Door Concepts Limited IPO Financial Charts:

About On Door Concepts Limited

Established in December 2014, On Door Concepts is an e-commerce platform that specializes in catering to the grocery and home essentials market. Its journey began with the opening of its first store in Bhopal, Madhya Pradesh, in January 2015. As of March 31, 2023, the company has expanded to operate 55 stores across various cities in Madhya Pradesh. Out of these, 17 stores are owned and operated directly by the company, while the remaining 38 operate through the franchise model.

The company deals in three primary product categories:

  1. Food Category: This includes groceries, fruits and vegetables, beverages, dairy products, and confectionery.
  2. FMCG (Fast Moving Consumer Goods): Involving personal care and toiletries, along with other over-the-counter products.
  3. General Merchandise: This category encompasses crockery, plastic items, daily necessities, and more.

On Door Concepts’ competitive strengths include its robust e-tailing platform, including Android and IOS applications, a web portal, and telephonic order support, all backed up by a reliable logistics network for doorstep delivery. The company also follows an “Everyday Low Price” policy, ensuring competitive pricing across all product categories.

On Door Concepts IPO Objectives

The funds raised from the fresh issue in this IPO will be used for the following objectives:

  1. Augmenting additional working capital requirements.
  2. General corporate purposes.

On Door IPO Registrar

The registrar for this IPO is Bigshare Services Pvt Ltd. You can reach them at +91-22-6263 8200 or through email at [email protected]. More information can be found on their website: Bigshare Services IPO Page.

On Door IPO Lead Manager

The lead manager for this IPO is First Overseas Capital Limited.

Conclusion

On Door Concepts Limited’s IPO presents an opportunity for investors to enter the growing e-commerce sector, with a focus on grocery and home essentials. As the company has already established a significant presence in Madhya Pradesh, its expansion plans and competitive strengths make it an attractive proposition for potential investors. However, as with any investment, it is crucial to conduct thorough research and consider your financial goals and risk tolerance before participating in this IPO.

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