On Door Concepts Limited IPO is set to launch on 23 October, 2023. The company initiated its business operations in the year 2014. It is an e-commerce website for purchasing home essentials and grocery products. The first store of the firm was opened in 2015 and till date it has 55 stores. Out of all of them 17 are owned by the company itself. The others are working on a franchise model. The product categories of the company include dairy products, vegetables, fruits, groceries, confectionery, FMCG, plastic items, crockery, etc.
On Door Concepts Limited IPO DETAILS
On Door Concepts Limited IPO is set to launch on 23 October, 2023. The subscription timeline extends till 27 October, 2023. The size for the IPO is 31.18 Crore Rs. Shares issued through fresh issue mode are worth 31.18 Crore Rs. No shares are issued through offer for sale mode. The lot size is 600 shares and the price is 208 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of On Door Concepts Limited IPO
| IPO OPENING DATE | 23 October, 2023 |
| CLOSING DATE FOR IPO | 27 October, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 208 Rs per share |
| LOT SIZE | 600 shares |
| MINIMUM ORDER QUANTITY | 600 shares |
| ISSUE SIZE | 33.18 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 33.18 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 6 November, 2023 |
On Door Concepts Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 23 October, 2023 |
| CLOSING DATE FOR IPO | 27 October, 2023 |
| IPO ALLOTMENT DATE | 1 November, 2023 |
| REFUNDS | 2 November, 2023 |
| DEMAT A/C CREDITED ON | 3 November, 2023 |
| IPO LISTING DATE | 6 November, 2023 |
On Door Concepts Limited IPO begins for subscription from 23 October, 2023. The IPO subscription would continue till 27 October, 2023. The allotment status for the shareholders who applied would come on 1 November, 2023. The refunds for the ones who did not get allotment would be initiated on 2 November, 2023. The DEMAT accounts of shareholders would be credited on 3 November, 2023. The listing of the company would be completed on 6 November, 2023.
On Door Concepts Limited IPO : Lead Managers
The lead managers are :
- First Overseas Capital Limited
The minimum lot size for the company is decided at 600 shares. This holding accounts to 124800 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 249600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 600 shares | 124800 Rs. |
| Maximum | 1200 shares | 249600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 6563 | 7782 | 9009 |
| Revenue | 18306 | 17333 | 18015 |
| PAT | (-523) | (-536) | 1306 |
On Door Concepts Limited had an asset base of 6563 Lakh Rs in 2021. This increased to 7782 Lakh Rs in 2022 and 9009 Lakh Rs in 2023. The revenue of the firm has not been consistent. The revenue was 18306 Lakh Rs in 2021. This decreased to 17333 Lakh Rs in 2022. However this again increased to 18015 Lakh Rs in 2023 but it is still lower than the revenue of the year 2021. The profit of the firm was witnessed in the year 2023. The 2021 showed a loss of 523 Lakh Rs. Again in the year 2022 the loss increased slightly to 536 Lakh Rs. In the year 2023 the company recorded a profit of 1306 Lakh Rs.
PROS
- The first store of the firm was opened in 2015 and till date it has 55 stores. Out of all of them 17 are owned by the company itself. The others are working on a franchise model.
- The product categories of the company include dairy products, vegetables, fruits, groceries, confectionery, FMCG, plastic items, crockery, etc.
CONS
- The company works in a highly competitive segment.
On Door Concepts Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the On Door Concepts Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
