Listing Details
- Listing Exchange NSE SME
- Listing Date 01-Nov-23
- IPO Price Range ₹ 208
- Listing Price ₹ 214
- Listing Change 2.9%
- Last Traded Price ₹ 294.95
- Current Change 41.8%
On Door Concepts IPO Details
- Open Date 23-Oct-23
- Close Date 27-Oct-23
- Lot Size 600
- IPO Size ₹ 31.18 Cr
- IPO Price Range ₹ 208
- Min Investment ₹ 124800
- Listing Exchange NSE SME
- Basis of Allotment 01-Nov-23
- Refunds 02-Nov-23
- Credit to Demat Account 03-Nov-23
- Listing Date 06-Nov-23
On Door Concepts IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Oct-23 | - | 0.39 | 1.53 | 0.96 |
| 25-Oct-23 | - | 1.19 | 4.37 | 2.78 |
| 26-Oct-23 | - | 1.59 | 5.46 | 3.60 |
| 27-Oct-23 | - | 3.16 | 7.87 | 5.59 |
On Door Concepts IPO Synopsis
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
About On Door Concepts
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
On Door Concepts Financial Status
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 |
On Door Concepts IPO Key Points
-
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.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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On Door Concepts IPO FAQs
What is the minimum lot size and investment required for the On Door Concepts IPO?
The minimum lot size of On Door Concepts IPO is 600 shares and the investment required is ₹1,24,800.
What is the price band of On Door Concepts IPO?
The price for On Door Concepts IPO is ₹208 per share.
When does the On Door Concepts IPO opens and closes?
On Door Concepts IPO opens from 23rd October to 27th October 2023.
What is the size of the On Door Concepts IPO issue?
The size of On Door Concepts IPO is ₹31.18 cr.
What is the allotment date of the On Door Concepts IPO?
The share allotment date of On Door Concepts IPO is 1st November 2023.
What is the On Door Concepts IPO listing date?
The On Door Concepts IPO will be listed on 6th November 2023.
Who are the book runners for the On Door Concepts IPO?
First Overseas Capital Limited is the book-running lead manager for On Door Concepts IPO.
What is the objective of the 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.
How to apply for the On Door Concepts IPO?
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.
Contact Details of On Door Concepts IPO
Contact Information
On Door Concepts Limited
Phoenix Corporate Park, First Floor,
Opp. Vrindawan Garden,
Hoshangabad Road Bhopal, 462026
Phone: +91 755 3511480
Email: cs@ondoor.com
Website: http://www.ondoor.com/
On Door Concepts IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
On Door Concepts IPO Lead Manager
First Overseas Capital Limited