OmFurn India Limited, established in 1997, is a prominent commercial furniture manufacturer and vendor located in India. The company specializes in offering an extensive range of commercial furniture, including office furniture, school furniture, hotel furniture, door frames, and wooden shutter doors. Additionally, the company provides custom furniture design, manufacturing, and installation services, as well as turnkey interior design solutions for various establishments such as residential apartments, hotels, hospitals, IT parks, shopping malls, and international schools. The company’s manufacturing unit, spread across an area of 80,000 square feet, is situated in Umbergaon, Gujarat, and is equipped with state-of-the-art woodworking CNC machines from leading international brands such as Italy, Germany, Turkey, and Austria.
OmFurn India Limited’s primary focus is to provide high-quality commercial furniture products and turnkey interior design services that cater to the diverse needs of its clients. With its broad range of commercial furniture products and customized interior design services, the company has established itself as a prominent player in the Indian furniture industry. The company’s manufacturing unit’s advanced infrastructure and cutting-edge technology help ensure that their products meet the highest quality standards, making it a trusted brand among its customers.
Omfurn India IPO Details
| IPO Date | Sep 29, 2017 to Oct 5, 2017 |
| Listing Date | Oct 13, 2017 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,812,000 shares (aggregating up to ₹4.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Omfurn India IPO Listing Details
| Listing Date | Oct 13, 2017 |
| BSE Script Code | |
| NSE Symbol | OMFURN |
| ISIN | INE338Y01016 |
| Final Issue Price | ₹23 per share |
Industry Overview
The Indian furniture industry is a growing sector that comprises both the organized and unorganized segments. The organized sector accounts for around 15% of the total furniture market in India, with the remaining 85% being held by the unorganized segment. The furniture market in India is primarily driven by factors such as urbanization, rising disposable incomes, and changing consumer preferences.
The organized furniture industry in India is expected to grow at a compound annual growth rate (CAGR) of 12-15% over the next few years, driven by increasing demand for office furniture, home furniture, and institutional furniture. The growth is further fueled by the rise of e-commerce and the increasing penetration of the internet, which has enabled furniture manufacturers and vendors to reach a wider audience.
Company Financials
| Omfurn India’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 22.5 | 19.8 | 38.7 | 43.9 | 28.2 | |
| Total expenses | 21.5 | 18.6 | 36.7 | 41.0 | 25.8 | |
| Profit after tax | 0.6 | 0.8 | 1.3 | 1.9 | 1.6 | |
Objects of the Issue
The object of the issue are:
1. To part finance the expansion project;
2. General Corporate Purposes;
3. Issue Expenses.
Omfurn India IPO Prospectus
Company Contact Information
Omfurn India Limited
109 Gundecha Indl. Complex,
Akrurali Road,
Mumbai – 400101
Phone: +91-22-42108900
Email: omfurn@omfurnindia.com
Website: http://www.omfurnindia.com
Omfurn India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Omfurn India IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
