Omnipotent IPO is all set to make its debut on 16th Nov 21 with 18.9 Cr is engaged in the business of supplying bulk and packed bitumen as well as other bituminous products.
Omnipotent IPO – overview
| IPO Dates | 16-22 Nov 2021 |
| IPO Price | INR 63 per share |
| Fresh issue | 300,000 shares (INR 18.9 crore) |
| Offer For Sale | Nil |
| Total IPO size | 300,000 shares (INR 18.9 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Omnipotent IPO – Tentative Dates
| IPO Offer Opening Date | 16 Nov 2021 |
| IPO Closing Date | 22 Nov 2021 |
| Finalization of Basis of Allotment | 25 Nov 2021 |
| Initiation of refunds | 26 Nov 2021 |
| Transfer of shares to demat accounts | 29 Nov 2021 |
| IPO Listing Date | 29 Nov 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Omnipotent Industries are primarily engaged in the business of supplying bulk and packed bitumen as well as other bituminous products. The company either directly imports these products or buys from third-party importers and sells them to their various distributors as well as corporates. The company’s products include bitumen 60/70 & 80/100, bitumen VG10, VG30, VG 40; bitumen emulsion, blown bitumen, micro surfacing bitumen, and modified bitumen CRMB, PMB, NRMB.
The company is also engaged in consultancy services for setting up of plants for Bitumen & Bituminous products. The company provides end-to-end solutions from identification of land, plant & machinery to imparting training & making policy with staff on marketing & quality testing. The company has relationships with various importers, manufacturers, transporters, warehousing & bulk storage entities which gives them a cost advantage due to bulk purchase as well as sharing logistics costs.
The company is in the process of shifting its plant at Gandhidham, Kutch, Gujarat, which will be managed by a third-party operator.
Industry Overview
Bitumen is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product and is classed as a pitch. The primary use of bitumen is in road construction, where it is used as glue or binder mixed with aggregate particles to create asphalt concrete. Its other main uses are for bituminous waterproofing products, including production of roofing felt and for sealing flat roofs. Month-wise Bitumen consumption (TMT) and growth (%) since April 2020 Bitumen consumption during July 2021 with a volume of 0.41 MMT recorded a growth of 4.1% over volume of 0.39 MMT in the month of July 2020. Infrastructure projects are back on track with availability of adequate manpower and normalization of business environment. Though rain fall in several states has been a hindrance in road construction activities
Competitive Strengths:
- Focus on procurement, sales, and customer service
- A strong relationship with business stakeholders
- In house dedicated processes
- Experienced & qualified Team
Objectives of the issue
- Repayment of loans
- Augmenting additional working capital requirements
- General corporate purposes
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 188.90 | 97.74 | 108.40 |
| Total Revenue | 1,008.54 | 501.79 | 309.77 |
| Profit After Tax | 13.95 | 3.75 | 0.14 |
Company Contact Information
Omnipotent Industries Limited
1/11, Damji Nenshi Wadi,
Station Road, Bhandup West,
Mumbai – 400078, Maharashtra, India
Phone: +91 22 2167 0184
Email: cs@omnipotent.co.in
Website: https://www.omnipotent.co.in/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
