Omfurn India Limited FPO

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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:

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Funding capital expenditure towards installation of plant & machinery in our existing premises along with required civil, electric and fabrication work; ii. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company; iii. Funding to meet working capital requirements; and iv. General corporate purposes.

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:

Mr. Rajendra Chitbahal Vishwakarma, aged 63 years, is the Chairman and the Managing Director of the Company. He started his career with carpentry work in 1975. In 1985 he started his business as carpentry contractor with his brother Mr. Mahendra Chitbahal Vishwakarma, Practically working on machine for a long time and with his excellent business acumen, he established Om Vishwakarma Furniture Private Limited in the year 1997. He later established a partnership firm named R. M. Enterprises in the year 2000. He has been focusing on the strategic decisions and market orientation for the Company. He has developed excellent clientele over these years with impeccable track record for quality deliverables. He also looks after day to day affairs of the Company. Mr. Mahendra Chitbahal Vishwakarma, aged 58 years, is the Whole- Time Director and CFO of the Company. He started his career with carpentry work in 1980. In the year 1985 he joined his brother Mr. Rajendra Chitbahal Vishwakarma as a carpentry contractor. He co-promoted the Company in the year 1997. He looks after procurement, banking & finance as well as administration. Mr. Narendra Chitbahal Vishwakarma, aged 46 years, is the Executive Director and CEO of the Company. He holds qualifications in B. A., LL.B. He started his career with practical experience of furniture work & interior Business in the year 2003. At project site, he looks after the operations and also interacts with the representatives of customers. He also looks after the coordination of the site personnel for smooth functioning.

Financials of Omfurn India Limited FPO:

Particulars ( In Lakhs )
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

Comparison With Peers:

Note :- There are no listed companies in India that engage in a business that is similar to this Company.

Recommendation on Omfurn India Limited FPO:

Review and Recommendation of Omfurn India by team IZ is 4/10. 1. Omfurn India Limited has established itself as a distinguished entity in the realm of manufacturing and supplying pre-finished wooden doors and modular furniture. Through strategic rebrandings and expansions, notably transitioning to Omfurn India Private Limited in 2013 and ultimately to Omfurn India Limited in 2017, the firm has solidified its stature in the industry. 2. The company boasts a diverse portfolio, offering an array of wooden doors and furniture tailored for modular kitchens, wardrobes, vanities, and modern office setups. Its pan-India presence is a testament to its widespread acclaim and operational capabilities. 3. Mission and Vision Omfurn India Limited operates with a clear mission to achieve corporate objectives by offering world-class furniture solutions that blend innovative design with exceptional quality and service. Its vision is to be a benchmark in the furniture industry, continually enhancing customer satisfaction through quality products and a commitment to excellence. 4. Sales, Marketing, and Distribution The company employs a strategic approach to sales and marketing, focusing on key customer segments and establishing strong partnerships with architects, contractors, and interior designers. Participation in various exhibitions and a robust online presence are pivotal to its marketing strategy, ensuring a broad and engaged clientele. A dedicated logistics network guarantees the efficient and safe delivery of its products, emphasizing customer convenience and satisfaction.. 5. SWOT ANALYSIS Strengths : Product Quality and Innovation, Customization Capabilities, Established Brand Reputation, Wide Distribution Network. Weaknesses : Dependence on Raw Materials, Market Dependency, Limited Online Presence. Opportunities : Growing Real Estate Sector, E-commerce Expansion, Green and Sustainable Practices, Diversification. Threats : Intense Market Competition, Regulatory Challenges, Economic Uncertainties, Supply Chain Disruptions. 6. Competition Omfurn India Limited acknowledges the competitive landscape in which it operates, facing challenges from both established brands and emerging players. By leveraging its strengths, such as a diverse product range, superior quality, and competitive pricing, the company positions itself as a leader in the industry. Its focus on customer relationships, market needs, and continuous improvement underpins its strategy to maintain a competitive edge in the evolving furniture market 7. The Revenue has Increased from Rs.20 Crore in FY21 to Rs.70 Crore in FY23. 8. The EBITDA has Increased from 2 Crore in FY21 to 8 Crore in FY23. 9. The PAT has Increased from (-99) Lakhs in FY21 to 4 Crore in FY23. 10. As per FY23, CFO/EBITDA is 1.15, As per FY24, EPS is 4.91, 11. Market Capitalization is 88 Crore & P/E is 15.26x based on FY24.

Lead Manager of Omfurn India Limited FPO:

  1. Gretex Corporate Services Private Limited

Registrar of Omfurn India Limited FPO:

  1. Bigshare Services Private Limited

Company Address:

Omfurn India Limited 109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East), Mumbai - 400101, Maharashtra, India Phone: +91-2242108900 Email: Website:

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