Ondoor Concepts IPO Date, GMP, Price, Analysis and Review
Ondoor Concepts, Founded in December 2014, is an e-commerce platform specializing in grocery and essential home products. In January 2015, the company inaugurated its maiden store in Bhopal, Madhya Pradesh. As of March 31, 2023, Ondoor Concepts has expanded its footprint to include 55 stores located across various cities in Madhya Pradesh. Among these, the company owns and operates 17 stores, while the remaining 38 stores are managed through a franchisee model.
Ondoor Concepts offers a diverse range of product categories, including:
- Food: Encompassing groceries, fresh fruits and vegetables, beverages, dairy products, and confectionery.
- FMCG (Fast Moving Consumer Goods): Comprising personal care products, toiletries, and various over-the-counter items.
- General Merchandise: Featuring crockery, plastic goods, daily essentials, and more.
The company’s competitive strengths include:
- E-tailing Business: Ondoor Concepts operates a comprehensive e-commerce ecosystem, including Android and iOS applications, a web portal, and phone-based orders. This is complemented by a robust logistics network to ensure timely delivery to customers’ doorsteps.
- “Everyday Low Price” Policy: The company adopts a pricing strategy that focuses on providing consistently competitive prices across all product categories and product ranges, rather than relying on specific promotional days of the week. This approach aims to deliver a convenient and cost-effective shopping experience to its target customer base.
Ondoor Concepts Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (On Door Concepts IPO Objectives)
The funds raised from the Fresh Issue will be utilized for the following purposes:
- Meeting additional working capital needs.
- Supporting general corporate activities.
On Door Concepts IPO Details
The On Door Concepts IPO is a fixed-price offering of ₹31.18 crores, and the entire issue consists of 1,498,800 fresh shares.
| IPO Date | October 23, 2023 to October 27, 2023 |
| Listing Date | November 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹208 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Fresh Issue | 1,498,800 shares (aggregating up to ₹31.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,149,812 |
| Share holding post issue | 5,648,612 |
| Market Maker portion | 86,400 shares |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
On Door Concepts IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
On Door Concepts IPO Lot Size
Investors can bid for a minimum of 600 shares, with multiples in the table indicating the minimum and maximum investments for both retail investors and HNIs in shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹124,800 |
| Retail (Max) | 1 | 600 | ₹124,800 |
| HNI (Min) | 2 | 1,200 | ₹249,600 |
On Door Concepts IPO Dates
On Door Concepts IPO opens on October 23, 2023, and closes on October 27, 2023.
| IPO Open Date | Monday, October 23, 2023 |
| IPO Close Date | Friday, October 27, 2023 |
| Basis of Allotment | Wednesday, November 1, 2023 |
| Initiation of Refunds | Thursday, November 2, 2023 |
| Credit of Shares to Demat | Friday, November 3, 2023 |
| Listing Date | Monday, November 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 27, 2023 |
On Door Concepts Limited Financial Report
On Door Concepts Limited experienced a 3.93% growth in revenue, while its profit after tax (PAT) declined significantly by -343.25% between the financial years ending on March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 9,009.46 | 7,782.37 | 6,563.49 |
| Revenue | 18,015.02 | 17,333.09 | 18,306.01 |
| Profit After Tax | 1,306.18 | -536.98 | -523.44 |
| Net Worth | 5,120.78 | -6,625.38 | -6,088.40 |
| Reserves and Surplus | 4,734.32 | -6,827.89 | -6,290.91 |
| Total Borrowing | – | – | – |
Key Performance Indicator of On Door Concepts Ltd
| KPI | Values |
|---|---|
| P/E (x) | 4.56 |
| ROE | 25.51% |
| ROCE | 50.90% |
| EPS (Rs) | 56.77 |
| RoNW | 25.51% |
On Door Concepts IPO Promoter Holding
The promoters of the company are NSB BPO Solutions Private Limited, Mr. Narendra Singh Bapna, Mr. Pramod Ramdas Ingle, Mrs. Swati Bapna and Mrs. Vaishali Ingle
| Share Holding Pre Issue | 51.92% |
| Share Holding Post Issue | 38.14% |
On Door Concepts Limited Contact Details
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 Registrar
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 FAQs
What is On Door Concepts IPO?
On Door Concepts IPO is a Small and Medium Enterprises (SME) initial public offering consisting of 1,498,800 equity shares with a face value of ₹10 each, totaling ₹31.18 Crores. The share price for this issue is set at ₹208 per share, and the minimum order quantity is 600 shares. The IPO subscription period is from October 23, 2023, to October 27, 2023.
The registrar for this IPO is Bigshare Services Pvt Ltd, and the shares are intended to be listed on NSE SME.
How can I apply for the On Door Concepts IPO through Zerodha?
If you’re a Zerodha customer, you can apply for the On Door Concepts IPO online using the UPI as a payment gateway. To apply through Zerodha, log in to the Zerodha Console (back office) and fill out the IPO application form. Here are the steps to follow:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘On Door Concepts IPO’ row and click on the ‘Bid’ button.
4. Enter your UPI ID, the number of shares you want to apply for, and the price.
5. Submit the IPO application form.
6. Visit your UPI app (either through net banking or BHIM) to approve the mandate.
When is the On Door Concepts IPO opening?
The On Door Concepts IPO will open on October 23, 2023, and the closing date is October 27, 2023.
What is the lot size for the On Door Concepts IPO?
The On Door Concepts IPO lot size is 600 shares, and the minimum amount required to apply is ₹124,800.
How can I apply for the On Door Concepts IPO?
You can apply for the On Door Concepts IPO online using either the UPI or ASBA (Application Supported by Blocked Amount) payment methods. ASBA IPO application is available through your bank’s net banking service, while UPI IPO application is provided by brokers who do not offer banking services. You can find more details about how to apply for IPOs online through various platforms such as Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the On Door Concepts IPO allotment take place?
The finalization of the Basis of Allotment for the On Door Concepts IPO will be conducted on Wednesday, November 1, 2023. The allotted shares will be credited to your demat account by Friday, November 3, 2023. You can check the On Door Concepts IPO allotment status during that time.
When is the On Door Concepts IPO listing date?
The exact listing date for the On Door Concepts IPO has not been announced yet. However, the tentative listing date is Monday, November 6, 2023.
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