OBSC Perfection IPO

OBSC Perfection Limited is launching an IPO for 66.02 lakh shares worth INR 66.02 crores to fund capital expenditure, working capital, and general corporate purposes.

Important Details

Open Date : October 22, 2024 Close Date : October 24, 2024 Allotment Date: October 25, 2024 Listing Date: October 29, 2024

Important Details

IPO Price: INR 95-100 per share Lot Size: 1200 Shares Total Issue Size: INR 66.02 crores

Fundamental Analysis

OBSC Perfection IPO shows mixed performance: 1. 19% revenue growth from FY2023 to FY2024. 2. Stable performance expected in FY2025. 3. Profitability doubled in FY2024. 4. Moderate increase in expenses and liabilities. 5. Improved equity and NAV; rising liabilities need monitoring.

Peer Comparison

1. OBSC Perfection Limited: lowest revenue at ₹11,503.03 lakhs, RoNW of 40.61%. 2. Talbros Automotive: highest revenue at ₹77,826.68 lakhs. 3. RACL Geartech: RoNW of 19.24%, EPS of ₹36.54.

Objective

OBSC Perfection IPO Objective: 1. INR 30.59 crores for expanding Units III and IV. 2. INR 16.66 crores for working capital needs. 3. Remaining funds operations, project development, and marketing.

Risks And Challenges

OBSC Perfection IPO Risks: 1. Business relies on the automotive industry; downturns may hurt finances. 2. 71% of revenue from the west zone; market issues could impact growth. 3. Contract worker reliance poses operational risks