Ondoor Concepts IPO GMP Today – A Window to Promising Investment

Ondoor Concepts IPO GMP Today: The world of finance is ever-evolving, offering diverse investment opportunities for individuals looking to grow their wealth. One such opportunity is the SME IPO (Small and Medium Enterprises Initial Public Offering) of Ondoor Concepts Limited. Founded in 2014, Ondoor is an E-commerce company specializing in regional omnichannel grocery and home goods retail. In this blog, we’ll delve into the details of Ondoor Concepts SME IPO, including its current Grey Market Premium (Ondoor IPO GMP Today) and what this offering brings to the table for investors.

Ondoor IPO GMP Today

The Grey Market Premium is a key indicator of investor sentiment towards an IPO. As of November 01, 2023, the GMP for Ondoor Concepts SME IPO stands at ₹15. With a price band of ₹208.00, this suggests an estimated listing price of ₹223 (IPO cap price + today’s GMP), translating to an expected percentage gain of 7.21%.

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[Last Updated: 01-Nov-2023; 19:02] Here’s a snapshot of Ondoor Concepts IPO GMP over the past few days:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
01-11-2023₹208.00₹156800223 (7.21%)
31-10-2023₹208.00₹156800223 (7.21%)
30-10-2023₹208.00₹104600₹218 (4.81%)
29-10-2023₹208.00₹104600₹218 (4.81%)
28-10-2023₹208.00₹104600₹218 (4.81%)
27-10-2023₹208.00₹104600₹218 (4.81%)
26-10-2023₹208.00₹156800₹223 (7.21%)
25-10-2023₹208.00₹156800₹223 (7.21%)
24-10-2023₹208.00₹156800₹223 (7.21%)
23-10-2023₹208.00₹3013700₹238 (14.42%)
22-10-2023₹208.00₹3013700₹238 (14.42%)
21-10-2023₹208.00₹3013700₹238 (14.42%)
20-10-2023₹208.00₹3013700₹238 (14.42%)
19-10-2023₹208.00₹3013700₹238 (14.42%)
18-10-2023₹208.00₹3013700₹238 (14.42%)
17-10-2023₹208.00₹2511400₹233 (12.02%)
16-10-2023₹208.00₹2511400₹233 (12.02%)
15-10-2023₹208.00₹0₹208 (0%)
14-10-2023₹208.00₹0₹208 (0%)
13-10-2023₹208.00₹0₹208 (0%)

Understanding the Ondoor Concepts SME IPO:

  • Incorporation: Ondoor Concepts Limited was founded in 2014 and operates in the E-commerce sector.
  • IPO Issue Size: The IPO offers 1,784,000 equity shares with a total worth of ₹46.21 Cr.
  • Subscription Period: Interested investors can subscribe to this SME IPO from October 23, 2023, to October 27, 2023.
  • Face Value and Issue Price: Each share has a face value of ₹10, and the IPO’s issue price is fixed at ₹208 per share.
  • Minimum Lot Size: The minimum lot size for this offering is 600 shares, or multiples thereof.

Ondoor Concepts IPO Dates:

Stay updated with the critical dates associated with the Ondoor Concepts SME IPO:

  • SME IPO Open Date: October 23, 2023
  • SME IPO Close Date: October 27, 2023
  • Basis of Allotment Finalization Date: November 01, 2023
  • Refunds Initiation: November 02, 2023
  • Credit of Shares to Demat Account: November 03, 2023
  • SME IPO Listing Date: November 06, 2023

About Ondoor Concepts:

Ondoor Concepts Limited, established in December 2014, is a rapidly growing player in the regional omnichannel grocery and home goods retail sector. One of the distinguishing features of Ondoor is its dual approach, providing both the convenience of colonial grocery stores and hyperlocal home delivery through online ordering. Their stores efficiently manage online orders from their shelves, ensuring timely delivery.

The company’s strategy revolves around the franchise model, emphasizing smaller cities. Ondoor takes a cluster approach, focusing on efficient supply chain management, targeting densely populated residential areas, primarily catering to the middle-class and emerging upper-middle-class consumers. They offer one-stop shopping with competitive pricing due to local market knowledge, careful product selection, and an efficient supply chain.

Ondoor’s product range includes staples, groceries, fruits and vegetables, snacks and processed foods, dairy and frozen products, beverages, and confectionery, with this category contributing significantly to their total sales.

Ondoor Concepts SME IPO Strengths:

  1. E-tailing Business: Ondoor’s e-tailing business model blends convenience with a wide range of products, appealing to modern consumers’ preferences.
  2. Franchisee Model: Their strategy of franchising stores and targeting smaller cities positions them for growth and expansion.
  3. Other Important Strengths: While specifics of these strengths were not provided, Ondoor’s commitment to efficient supply chain management, competitive pricing, and understanding the local market contributes to their success.

In conclusion, the Ondoor Concepts SME IPO offers a unique investment opportunity in the E-commerce sector. With a strong presence in the regional grocery and home goods retail space and a promising Grey Market Premium, it’s an IPO that has caught the attention of investors. Keep an eye on the key dates, and consider the potential of this offering as part of your investment portfolio. As always, it’s important to conduct thorough research and consult with financial experts before making any investment decisions.

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