On Door Concepts IPO is a fixed price issue of Rs 31.18 crores. The issue is entirely a fresh issue of 14.99 lakh shares.
On Door Concepts IPO opens for subscription on October 23, 2023 and closes on October 27, 2023. The allotment for the On Door Concepts IPO is expected to be finalized on Wednesday, November 1, 2023. On Door Concepts IPO will list on NSE SME with tentative listing date fixed as Monday, November 6, 2023.
On Door Concepts IPO price is ₹208 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹249,600.
First Overseas Capital Limited is the book running lead manager of the On Door Concepts IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for On Door Concepts IPO is Bhh Securities.
Refer to On Door Concepts IPO RHP for detailed information.
On Door Concepts IPO Details
| IPO Date | October 23, 2023 to October 27, 2023 |
| Listing Date | [6 NOVEMBER , 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) |
| Fresh Issue | 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 |
| Market Maker portion | 86,400 shares Bhh Securities |
On Door Concepts IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
On Door Concepts IPO Timeline (Tentative Schedule)
On Door Concepts IPO opens on October 23, 2023, and closes on October 27, 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
On Door Concepts IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹124,800 |
| Retail (Max) | 1 | 600 | ₹124,800 |
| HNI (Min) | 2 | 1,200 | ₹249,600 |
| Lot Size Calculator |
On Door Concepts IPO Promoter Holding
The promoters of the company are NSB BPO Solutions Private Limited, Mr. Narendra Singh Bapna, Mr. Pramod Ramdas Ingle, Mrs. Swati Bapna and Mrs. Vaishali Ingle
| Share Holding Pre Issue | 51.92% |
| Share Holding Post Issue | 38.14% |
About On Door Concepts Limited
Incorporated in December 2014, Ondoor Concepts is an e-commerce website catering to the needs of grocery and home essentials. In Jan 2015, the company opened its first store in Bhopal, Madhya Pradesh. As of 31st March 2023, the company has established 55 stores across various cities in Madhya Pradesh out of which 17 stores are owned and operated by the company. The rest of the 38 stores are operated through the franchisee model.
The company deals in the following product categories:
- Food category includes groceries, fruits & vegetables, beverages dairy products and confectionery
- Next comes FMCG i.e fast moving consumer goods involving personal care and toiletries and other over-the-counter products.
- Lastly, general merchandise includes crockery, plastic items, daily necessities etc.
The competitive strength of the company includes:-
- E-tailing business including Android and IOS Application, web portal and telephonic orders backed up by backhand logistics to deliver the order at the customer’s doorstep.
- Ondoor follows the policy of “Everyday Low Price” to give a convenient shopping experience to its target customer base.
- Reasonable pricing across all product categories and all product ranges rather than on particular day of the week.
On Door Concepts Limited Financial Information (Restated)
On Door Concepts Limited’s revenue increased by 3.93% and profit after tax (PAT) dropped by -343.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,009.46 | 7,782.37 | 6,563.49 |
| Revenue | 18,015.02 | 17,333.09 | 18,306.01 |
| Profit After Tax | 1,306.18 | -536.98 | -523.44 |
| Net Worth | 5,120.78 | -6,625.38 | -6,088.40 |
| Reserves and Surplus | 4,734.32 | -6,827.89 | -6,290.91 |
| Total Borrowing | |||
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 4.56 |
| ROE | 25.51% |
| ROCE | 50.90% |
| EPS (Rs) | 56.77 |
| RoNW | 25.51% |
Check On Door Concepts IPO Peer Comparison here.
Objects of the Issue (On Door Concepts IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Augmenting additional working capital requirements
2. General Corporate Purpose
On Door Concepts Limited Contact Details
On Door Concepts Limited
Phoenix Corporate Park, First Floor,
Opp. Vrindawan Garden,
Hoshangabad Road Bhopal, 462026
Phone: +91 755 3511480
Email: cs@ondoor.com
Website: http://www.ondoor.com/
On Door Concepts IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html