The OBSC Perfection IPO is a book-built issue amounting to Rs 66.02 crores, consisting entirely of a fresh issue of 66.02 lakh shares.
The subscription period for the IPO is from October 22, 2024, to October 24, 2024. The allotment will likely be finalized by October 25, 2024, and the company intends to list on the NSE SME platform with a tentative listing date set for October 29, 2024.
OBSC Perfection Limited operates in the precision engineering sector. They specialize in manufacturing high-quality precision metal components such as cut blanks, shafts, spline shafts, torsion rods, piston rods, pinions, drive shafts, gear shifters, and various types of housings. Their products are primarily supplied to Original Equipment Manufacturers (OEMs) who, in turn, provide components to leading automotive manufacturers. Additionally, they cater to the defense, marine, and telecommunication infrastructure sectors.
The IPO’s price band is set between ₹95 and ₹100 per share. Retail investors can apply for a minimum lot size of 1,200 shares, requiring an investment of ₹120,000. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (2,400 shares), totaling ₹240,000.
Unistone Capital Pvt Ltd is managing the IPO as the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar. R.K. Stock Holding is the designated market maker for the issue.
OBSC Perfection IPO Details:
| Company Name | OBSC Perfection Limited |
| Sector | Precision Engineering |
| IPO Type | SME |
| IPO Open date | 22nd Oct 2024 |
| IPO Close date | 24th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
OBSC Perfection IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,20,000 |
| HNI (Min) | 2 | 2400 | 2,40,000 |
OBSC Perfection IPO Timeline:
| IPO Open Date | 22nd Oct 2024 |
| IPO Close Date | 24th Oct 2024 |
| Basis of Allotment | 25th Oct 2024 |
| Refund Initiation Date | 28th Oct 2024 |
| Shares Credit to Demat | 28th Oct 2024 |
| Listing Date | 29th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review OBSC Perfection’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Precision Engineering Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in OBSC Perfection and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
