On Door Concepts IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 27, 2023Let’s have a detailed review of the company and analytics of the On Door Concepts IPO release date, IPO offer price, subscription, On Door Concepts Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 208 |
| Listing At | NSE, SME |
| Min. Order Quantity | 600 Shares |
| Listing Date | November 6, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3118 Lakh |
| IPO Size | Rs 3118 Lakh |
| Tick Size | 1 |
On Door Concepts IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – On Door Concepts Share Price |
On Door Concepts IPO – Summary
Their Company was originally incorporated as a private limited company under the Companies Act, 2013 pursuant to a certificate of incorporation issued by the Registrar of Companies, Gwalior dated December 15, 2014, with the name ‘On Door Concepts Private Limited’.
Their Company was converted into a public limited company and the name of their Company was changed to ‘On Door Concepts Limited’ by a fresh Certificate of Incorporation consequent upon conversion to public limited was issued on May 01, 2023 by the Registrar of Companies, Gwalior.
The Promoter of this company is NSB BPO SOLUTIONS PRIVATE LIMITED, MR. NARENDRA SINGH BAPNA, MR. PRAMOD RAMDAS INGLE, MRS. SWATI
BAPNA AND MRS. VAISHALI INGLE. The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
On Door Concepts IPO Date
The opening and closing dates of On Door Concepts IPO are October 23, 2023, and October 27, 2023, respectively.
On Door Concepts IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 23rd Oct | 0.39x | 1.53x | 0.96x |
| 2nd Day – 25th Oct | 1.19x | 4.37x | 2.78x |
| 3rd Day – 26th Oct | 1.59x | 5.47x | 3.61x |
| 4th Day – 27th Oct | 3.16x | 7.87x | 5.59x |
| Shares Offered or Net Issue | 706,200 | 706,200 | 1,498,800 |
The shares subscribed by the public will be updated here.
On Door Concepts IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
On Door Concepts Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 1, 2023 |
| Refunds Initiation | November 2, 2023 |
| Credit of Shares to Demat Account | November 3, 2023 |
| Share Listing Date | November 6, 2023 |
On Door Concepts IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.208
On Door Concepts IPO Equity Size
This Initial Public Issue of 1,498,800 Equity Shares of Rs.10 each for cash at a price of Rs.208 per equity share aggregating to Rs.3118 Lakh.
On Door Concepts IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,498,800 Equity Shares of Rs.10/ each.
Issue Size: 1,498,800 Equity Shares of Rs.10 each, aggregating to Rs.3118 Lakh
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On Door Concepts IPO – Live Performance
The listing date of this IPO is November 6, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – On Door Concepts Share Price |
On Door Concepts IPO Grey Market Premium
The On Door Concepts Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
On Door Concepts IPO – Company Overview
Ondoor is a fast-upcoming regional omni-channel retailer of groceries and household essentials. The company has the advantage of being one of the early entrants in the supermarket industry to offer the convenience of both the colony stores as well as hyperlocal home delivery through online orders, most of their stores in the respective areas fulfil the online orders from their respective shelves.
They opened their first store in Bhopal, Madhya Pradesh in January 2015. As of March 31, 2023, the company operates 55 stores in the cities of Madhya Pradesh. Out of 55 stores.
They expect contributions from smaller cities to grow rapidly as the Company is focusing on smaller cities with a Franchise Model. They open new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of middle and aspiring upper-middle-class consumers.
On Door Concepts IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Aug-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 8,972.49 | 9,009.46 | 7,782.37 | 6,563.49 |
| *Total Revenue | 7,025.99 | 18,015.02 | 17,333.09 | 18,306.01 |
| Total Expense | 6,803.20 | 17,611.87 | 17,174.99 | 18,191.31 |
| Profit After Tax | 55.79 | 1,306.17 | (536.98) | (523.44) |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 56.77 | -28.47 | -27.75 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,306.17 Lakh, Rs. (536.98) Lakh and Rs. (523.44) Lakh respectively.
On Door Concepts IPO – Promoters
The Promoter of this company is:
- NSB BPO SOLUTIONS PRIVATE LIMITED,
- MR. NARENDRA SINGH BAPNA,
- MR. PRAMOD RAMDAS INGLE,
- MRS. SWATI BAPNA
- MRS. VAISHALI INGLE
List of Related Parties (Key Managerial Personnel)
- Narendra Singh Bapna, Managing Director
- Pramod Ramdas Ingle, Whole Time Director
- Vaishali Pramod Ingle, Executive Director
- Ratnakar Venkappa Rai, Non-Executive and Independent Director
On Door Concepts IPO – Promoters Holding
- Pre-Issue Share Holding – 51.92%
- Post-Issue Share Holding – 38.14%
On Door Concepts IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,498,800 Equity Shares aggregating up to Rs.3118 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 86,400 Equity Shares aggregating up to Rs.179.71 Lakh |
| Net Issue to the Public | Up to 14,12,400 Equity Shares aggregating up to Rs.2937.79 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 7,06,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,06,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 41,49,812 Equity Shares |
| Equity Shares outstanding after the Issue | 56,48,612 Equity Shares |
On Door Concepts IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Augmenting additional working capital requirements
- General Corporate Purposes
On Door Concepts IPO – Business Strategy
- To bring modern trade benefits to rural and small-town customers and
- Omni-channel and convenient purchase experience for urban consumers.
On Door Concepts IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- On door’s E-tailing Business
- Franchisee Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 56.77 | 25.51% | 159.91 |
| 31-Mar-22 | -28.47 | 8.10% | – |
| Mar-21 | -27.75 | 8.60% | – |
On Door Concepts IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total NAV (Rs.) | |
| On Door Concepts Limited | 10 | 4.56 | 56.77 | 25.51% | 132.50 |
| Listed Peers | |||||
| Osia Hyper Retail | 1 | 51.17 | 0.92 | 8.41% | 10.95 |
On Door Concepts IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Email: mb@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in SEBI Registration No: INM000003671 Contact Person: Satish Sheth / Mala Soneji |
On Door Concepts IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www.bigshareonline.com SEBI Registration No.: INR000001385 Contact Person: Babu Rapheal C. |
On Door Concepts IPO – Other Details
- Statutory Auditor – M/s. B C P Jain & Co, Chartered Accountants
- Legal Counsel to the Company – Pabari Legal Associates
- Bankers to the Company – ICICI Bank Limited
On Door Concepts IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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On Door Concepts Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
On Door Concepts IPO Review FAQs
Check out various FAQs related to On Door Concepts IPO:
What is the Issue Size of On Door Concepts IPO?
The Company is making an initial public offer of 1,498,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of On Door Concepts IPO?
The price band for this particular IPO ranges between Rs 208. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the On Door Concepts IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 23, 2023, while the closing date is set for October 27, 2023.
What is the On Door Concepts IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 1, 2023, refund initiation is on November 2, 2023, credit of shares is on November 3, 2023, and share listing date is on November 6, 2023.
What is the On Door Concepts IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 6, 2023. The date, when the listing would be done, is stagnant on November 6, 2023.
Who is the Registrar of On Door Concepts IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of On Door Concepts IPO?
Here are the promoters of this IPO – NSB BPO SOLUTIONS PRIVATE LIMITED, MR. NARENDRA SINGH BAPNA, MR. PRAMOD RAMDAS INGLE, MRS. SWATI BAPNA AND MRS. VAISHALI INGLE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of On Door Concepts IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is On Door Concepts IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of On Door Concepts Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,306.17, 2022 is (536.98), and 2021 is (523.44). PAT from Aug 2023 is 55.79.
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