OBSC Perfection Starts at ₹110, 10% Premium on NSE SME – Discover the Full Details!OBSC Perfection Starts at ₹110, 10% Premium on NSE SME – Discover the Full Details!

OBSC Perfection had a subdued market debut, listing at ₹110 on NSE SME, a 10% premium over the ₹100 issue price. The stock rose further to ₹115.50. The ₹66 crore SME IPO was open for subscription from October 22 to 24, 2024, priced between ₹95 and ₹100.

The IPO received strong investor interest, oversubscribed by 16.56 times overall. The non-institutional segment was oversubscribed 25.87 times, the retail portion 16.20 times, and the qualified institutional buyer (QIB) segment booked at 10.20 times, according to exchange data.

The company specializes in precision metal components, providing a range of high-quality engineering products across various industries. It mainly serves leading original equipment manufacturers (OEMs) supplying parts to major automotive firms in India, as well as non-automotive sectors like Defense, Marine, and Telecommunications. The company has four strategically located manufacturing facilities in Pune and Chennai.

The objective of OBSC Perfection’s IPO is to raise funds for expanding its operations across various industries. The company aims to enhance its manufacturing capabilities, invest in technology, and strengthen its market position as a precision metal component manufacturer.