IPO Details
Bidding Dates
23 Oct '23 - 27 Oct '23
Minimum Investment
₹124,800 / 1 Lots ( 600 Shares )
Price Range
₹208
Maximum Investment
₹124,800 / 1 Lots ( 600 Shares )
Retail Discount
Not Applicable
Issue Size
₹31.18 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |On Door Concepts Ltd IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Oct 23, 2023
IPO Closing Date
Oct 27, 2023
Basis of Allotment
Nov 1, 2023
Initiation of Refunds
Nov 2, 2023
Credit of Shares to Demat Account
Nov 3, 2023
IPO Listing Date
Nov 6, 2023
UPI Mandate Expiry Date
Oct 27, 2023
On Door Concepts IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Oct 23, 2023 |
1.53x | 0.96x | |
Day 2Oct 25, 2023 |
4.37x | 2.78x | |
Day 3Oct 26, 2023 |
5.46x | 3.60x | |
Day 4Oct 27, 2023 |
7.87x | 5.59x |
Blue Jet Healthcare IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Others | 3.16 |
| Retail Investors | 7.87 |
| Total | 5.59 |
About Company
Incorporated in 2014, On Door Concepts Limited is a regional e-commerce website catering to the needs of groceries and household essentials. The business commenced by opening its first store in Bhopal, Madhya Pradesh, in January 2015. The company has strengthened its operational presence with 55 stores in Madhya Pradesh as of March 31, 2023. Out of 55 stores, the company-owned and company-operated (COCO) stores 17, and the rest are operated through franchisee model.
The company derives revenue from the two operating channels, offline and online. The offline channel contributed 73.54% of revenue and the online channel accounted for the remaining ~26.46% for the period that ended on August 31, 2023.
Over the past years, the Indian retail industry has grown as one of the most dynamic and fast-paced industries as a result of the entry of several new players. India's retail industry is expected to grow at 9% during 2019-2030. In addition, the overall industry outlook is positive for the long-term on the back of favourable demographics, rising income, entry of foreign players, and increasing urbanisation.
On Door Concepts Limited IPO Details
On Door Concepts Limited IPO Date
On Door Concepts Limited IPO is a 100% fresh issue. The fresh issue comprises 14,98,800 shares aggregating up to ₹31.18 crore. On Door Concepts Limited’s IPO will be listed on the NSE SME on November 06, 2023. It is a fixed-price issue IPO.
On Door Concepts Limited IPO Price Band
The price of the IPO has been fixed at ₹208 per share.
On Door Concepts Limited IPO Lot Size
The On Door Concepts Limited IPO lot size is 600 shares, and the minimum investment will be ₹1,24,800.
On Door Concepts Limited IPO Objectives
The objectives of On Door Concepts Limited IPO are listed below:
- Meet working capital requirements and issue expenses.
- General corporate purposes.
Peer Details
As per DRHP, Osia Hyper Retail Limited is the only listed peer of the company.
How To Check the Allotment Status of the On Door Concepts Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of On Door Concepts Limited
Registered office: Phoenix Corporate Park, First Floor, Opp. Vrindawan Garden, Hoshangabad Road Bhopal, Madhya Pradesh, India, 462026
Phone: +91 755 3511480
E-mail:ipo@ondoor.com
On Door Concepts Ltd Company Financials
| Particulars | Year Ending on March 31, 2023 ( ₹ lakh ) | Year Ending on March 31, 2022 ( ₹ lakh ) | Year Ending on March 31, 2021 ( ₹ lakh ) |
|---|---|---|---|
| Total Income | 18,015.02 | 17,333.09 | 18,306.01 |
| Profit After Tax (PAT) | 1,306.18 | -536.98 | -523.44 |
| Assets | 9,009.46 | 7,782.37 | 6,563.49 |
| Reserves and Surplus | 4,734.32 | -6,827.89 | -6,290.91 |
Know before investing
Strengths
2-
The company follows a pricing strategy for all its products on the back of its strong supplier network, efficient supply chain management for procurement and careful product assortment. As a result, it enables the company to deliver revenue growth.
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The company’s business strategy and approach for business growth revolve around bringing modern trade benefits to rural and small-town customers. In addition, the business strategy focuses on providing an omnichannel and convenient purchase experience to urban consumers.
Risks
2-
The company is exposed to risks arising from the intense competition in the retail market. Any failure to compete effectively may negatively affect its business, revenue and margin.
-
The company, promoters, and directors are facing certain legal proceedings and potential litigations. Any unfavourable decision may adversely affect its business, financial condition and results of operations.
Over-Subscribed5.59 times
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Over-Subscribed5.59 times
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On Door Concepts Ltd IPO FAQs
On Door Concepts Limited IPO is a fresh issue. The fresh issue comprises 14,98,800 shares aggregating up to ₹31.18 crore. The price of the IPO has been decided at ₹208 per share.
The Basis of Allotment will be on November 01, 2023.
The IPO subscription window will open on October 23, 2023.
Retail investors can apply for a minimum of one lot containing 600 shares.
On Door Concepts Limited IPO will be listed on NSE SME. The date of listing is November 06, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
