Omfurn India Limited FPO
Omfurn India Limited stands as a distinguished entity in the realm of manufacturing and supplying Pre-Finished Wooden Doors and Modular Furniture within India. With a venerable inception dating back to November 13, 1997, the company has traversed over a quarter-century, marking significant strides in innovation and creation in its domain. It prides itself on offering an extensive array of wooden doors and furniture tailored for Modular Kitchens, Wardrobes, Vanities, and Modern Office setups through customized, system-based, or turnkey projects across the nation. The year 2017 was a milestone for Omfurn India Limited as it marked its presence on the National Stock Exchange (NSE), signifying a commendable stride in its journey.
The backbone of Omfurn’s success lies in its team— a conglomerate of professionals specialized in diverse fields. This includes a synergistic collaboration of technical, administrative, and project personnel along with engineers who work closely with architects, interior designers, and management staff. Together, they orchestrate the delivery of exquisitely furnished products that stand testament to the company’s commitment to excellence.
In an era where environmental sustainability is paramount, Omfurn’s dedication to the cause is unequivocal. The company’s ethos is deeply rooted in its responsibility towards nature and the planet at large, leading to its alignment with environmentally sustainable practices. This commitment is further accentuated by its certification in Green Building, alongside the successful execution of Greenfield Projects within India, embodying its pledge to safeguard their heritage for forthcoming generations.
Omfurn’s manufacturing prowess is centralized at its factory in Umbergaon, boasting a sprawling expanse of 1,61,460 sq. ft. This facility is not only a testament to the company’s ambition to augment its manufacturing capabilities but also showcases its evolution in catering to premium hospitality establishments. The integration of state-of-the-art CNC woodworking machinery from Germany and Italy underscores Omfurn’s allegiance to quality and precision. The in-house design facility further amplifies this commitment, offering comprehensive furniture solutions that resonate with evolving international design trends.
Quality is not a mere descriptor for Omfurn but a foundational pillar of its operations, as evidenced by its ISO 9001, 14001, and 45001 certifications. This meticulous approach extends to the company’s raw material testing, ensuring that every product not only meets Indian Standards but also Omfurn’s stringent internal specifications. Such dedication fortifies consumer trust and cements the brand’s reputation for delivering furniture that is as durable and safe as it is aesthetically appealing.
Moreover, Omfurn extends its engagement with customers through a dedicated display area within its factory premises. This space serves as a canvas, showcasing the breadth of Omfurn’s offerings, while also providing customers with a tangible connection to the brand’s ethos and quality. It is an embodiment of the company’s belief in fostering long-term relationships through a comprehensive, informative, and memorable shopping experience.
In summation, Omfurn India Limited’s infrastructural investments and unwavering commitment to quality, sustainability, and innovation delineate it from its competitors. By continuously embracing cutting-edge technology and maintaining a customer-centric approach, Omfurn not only leads but redefines standards within the furniture manufacturing industry, ensuring that its legacy of quality and innovation continues to flourish.
Objects of the Omfurn India Limited FPO:
Omfurn India Limited FPO Details:
Open Date: | Mar 20 2024 |
Close Date: | Mar 22 2024 |
Total Shares: | 3,600,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 27.00 Cr. |
Lot Size: | 2400 Shares |
Issue Price: | ₹ 71 - 75 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Mar 28 2024 |
Promoters And Management:
Financials of Omfurn India Limited FPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
6M-FY24 |
Revenue from Operations | 2,045 | 3,084 | 7,023 | 4,418 |
Other Income | 140 | 146 | 85 | 57 |
Total Revenue | 2,185 | 3,230 | 7,108 | 4,475 |
Cost of materials consumed | 1,615 | 2,173 | 4,806 | 3,425 |
Changes in inventory | -228 | -73 | 152 | -206 |
Employees Benefit Expenses | 339 | 443 | 576 | 370 |
Other Expenses | 255 | 370 | 745 | 333 |
EBITDA | 203 | 317 | 830 | 553 |
Depreciation & Amortisation | 137 | 114 | 112 | 64 |
Finance cost | 173 | 137 | 206 | 83 |
EBIT | 66 | 202 | 718 | 489 |
OPM (%) | 9.29% | 9.80% | 11.68% | 12.35% |
PBT | -107 | 65 | 512 | 405 |
Tax | -7 | 5 | 97 | 116 |
PAT | -99 | 60 | 415 | 289 |
NPM (%) | -4.55% | 1.85% | 5.84% | 6.46% |
No.of Shares | 117.74 | 117.74 | 117.74 | 117.74 |
EPS | -0.84 | 0.51 | 3.52 | 2.45 |
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