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on door concepts ipo

On Door Concepts IPO

  • Status: Closed
  • RHP:
  • ₹ 124,800 / 600 shares

    Minimum Investment

IPO Details

  • Open Date

    23 Oct 2023

  • Close Date

    27 Oct 2023

  • IPO Price Range

    ₹ 208

  • IPO Size

    ₹ 31.18 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    06 Nov 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

On Door Concepts IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

On Door Concepts Limited IPO is all set to open from 23rd October to 27th October 2023. The company has an e-commerce business of home essentials and groceries. The IPO includes a fresh issue of 1,498,800 shares worth ₹31.18 cr. The share allotment date is 1st November, and the IPO will be listed on 6th November on the stock exchanges. The price band is ₹208 per share and the lot size is 600 shares.    

First Overseas Capital Limited is the book-running lead manager for this IPO, while Bigshare Services Pvt Limited is the registrar. 

Objectives of On Door Concepts IPO:

On Door Concepts plans to utilize the raised capital from the IPO to:
●    For working capital requirements.
●    General corporate purpose

Established in 2014, Ondoor Concepts is an e-commerce platform that offers grocery and home essential products. In January 2015, the company inaugurated its store in Bhopal, Madhya Pradesh. 

The company has the following product categories:

●    Food Category: A wide range of items such as groceries, fresh fruits and vegetables, beverages, dairy products, and confectionery.
●    Fast-Moving Consumer Goods (FMCG): A variety of personal care products, toiletries, and other over-the-counter items.
●    General Merchandise: Crockery, plastic goods, daily essentials, and more.

As of March 31, 2023, Ondoor Concepts has successfully established a network of 55 stores spanning various cities in Madhya Pradesh. Among these, 17 stores are owned and directly managed by the company, while the remaining 38 operate under a franchise model.

Peer Comparison

●    Osia Hyper Retail

For More Information:
Webstory on On Door Concepts IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 180.15 173.14 182.65
EBITDA 4.03 1.58 1.15
PAT 13.06 -5.37 -5.23
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 90.09 77.82 65.63
Share Capital 3.86 2.03 2.03
Total Borrowings 38.89 114.08 126.52
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 20.70 12.16 -3.84
Net cash from / (used in) investing activities -13.60 -8.45 -7.00
Net cash flow from / (used in) financing activities -6.98 -3.49 9.48
Net increase (decrease) in cash and cash equivalents 0.12 0.22 -1.36


Strengths

1.    The company has a full stack of online businesses.
2.    The company also operates on a franchise model.
3.    Offers the policy of "Everyday Low Price" to give a convenient shopping experience to its customers.
4.    Value retailing and convenience shopping experience to a well-defined target consumer base.
5.    Its value offering strategy is based upon achieving low operations costs rather than as a special promotion limited to certain products or days.
6.    Focus on providing reasonable prices across product categories.
 

Risks

1.    The business has a history of net losses which are anticipated to continue in the future
2.    Higher working capital requirements.
3.    Operational risks are inherent in the business as it includes rendering services at high-quality standards.
4.    The revenues are highly dependent on operations in Madhya Pradesh.
5.    The company operates in a highly competitive retail market.
6.    Negative cash flows in the past. 
 

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FAQs

The minimum lot size of On Door Concepts IPO is 600 shares and the investment required is ₹1,24,800.

The price for On Door Concepts IPO is ₹208 per share. 

On Door Concepts IPO opens from 23rd October to 27th October 2023.
 

The size of On Door Concepts IPO is ₹31.18 cr. 

The share allotment date of On Door Concepts IPO is 1st November 2023.

The On Door Concepts IPO will be listed on 6th November 2023.

First Overseas Capital Limited is the book-running lead manager for On Door Concepts IPO.

On Door Concepts plans to utilize the raised capital from the IPO to:
1.    For working capital requirements.
2.    General corporate purpose.
 

To apply for On Door Concepts IPO, follow the steps given below
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the On Door Concepts IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.