On Door Concepts IPO is here, offering a fixed price issue of Rs 31.18 crores, comprising an entirely fresh issue of 14.99 lakh shares.
Subscription for the On Door Concepts IPO kicks off on October 23, 2023, and concludes on October 27, 2023. The Basis of Allotment is set to be finalized by Wednesday, November 1, 2023. Get ready for trading as On Door Concepts IPO is scheduled to list on NSE SME, with a tentative listing date fixed for Monday, November 6, 2023.
Investors can dive in at an IPO price of ₹208 per share. The minimum application lot size stands at 600 shares, requiring a minimum investment of ₹124,800 for retail investors. High Net Worth Individuals (HNI) can participate with a minimum of 2 lots (1,200 shares), amounting to ₹249,600.
On Door Concepts IPO is managed by the seasoned team at First Overseas Capital Limited, serving as the book-running lead manager, and Bigshare Services Pvt Ltd, acting as the registrar for the issue. Bhh Securities has been appointed as the market maker for this exciting IPO opportunity.
Stay tuned for this remarkable investment prospect that could shape your financial future!
On Door Concepts IPO Details
| IPO Date | October 23, 2023 to October 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹208 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Offer for Sale | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,149,812 |
| Share holding post issue | 5,648,612 |
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
On Door Concepts IPO Dates
The On Door Concepts IPO opens on October 23, 2023, and closes on October 27, 2023. The finalization of the Basis of Allotment for On Door Concepts IPO will be done on Wednesday, November 1, 2023, and the allotted shares will be credited to your demat account by Friday, November 3, 2023.
| IPO Open Date | Monday, October 23, 2023 |
| IPO Close Date | Friday, October 27, 2023 |
| Basis of Allotment | Wednesday, November 1, 2023 |
| Initiation of Refunds | Thursday, November 2, 2023 |
| Credit of Shares to Demat | Friday, November 3, 2023 |
| Listing Date | Monday, November 6, 2023 |
On Door Concepts IPO Lot Size
Explore Investment Flexibility: Interested investors have the opportunity to bid for a minimum of 600 shares and increase their investment in multiples of this figure. Refer to the table below for details on the minimum and maximum investment options available to both retail investors and High Net Worth Individuals (HNI), including the corresponding number of shares and investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹124,800 |
| Retail (Max) | 1 | 600 | ₹124,800 |
| HNI (Min) | 2 | 1,200 | ₹249,600 |
Objects of the On Door Concepts IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 1. Augmenting additional working capital requirements
- 2. General Corporate Purpose
About On Door Concepts Limited IPO
Founded in December 2014, Ondoor Concepts is a leading e-commerce platform dedicated to providing essential grocery and home products. In January 2015, the company inaugurated its first store in Bhopal, Madhya Pradesh. Fast forward to March 31, 2023, Ondoor Concepts has expanded its footprint to include 55 stores across multiple cities in Madhya Pradesh. Out of these, 17 stores are owned and operated directly by the company, while the remaining 38 operate under the franchisee model.
Ondoor Concepts specializes in various product categories:
- Food Category: Offering a wide array of groceries, fresh fruits & vegetables, beverages, dairy products, and confectionery items.
- FMCG (Fast-Moving Consumer Goods): This category includes personal care products, toiletries, and other over-the-counter essentials.
- General Merchandise: Featuring crockery, plastic items, daily necessities, and more.
The company’s competitive edge lies in:
- E-Tailing Excellence: Ondoor Concepts boasts a user-friendly Android and iOS application, a seamless web portal, and telephonic ordering options. Their robust back-end logistics ensure prompt doorstep deliveries.
- Everyday Low Price Policy: Ondoor follows a customer-friendly pricing strategy, ensuring affordability across all product categories. Unlike limited-time discounts, their reasonable prices prevail consistently.
Discover a hassle-free shopping experience with Ondoor Concepts. Explore our wide range of products and enjoy everyday low prices tailored to meet your needs.