OBSC Perfection Limited Set to Launch SME IPO on NSE Emerge

OBSC Perfection Limited, a manufacturer of precision metal components, is gearing up for its SME IPO on October 22, 2024. With a target to raise Rs66.02 crores, the company will offer 6,602,400 equity shares. The IPO, set to list on NSE Emerge, highlights growing financial strength.

OBSC Perfection Limited, a precision metal components manufacturer, is preparing to launch its SME IPO on October 22, 2024, with the subscription open until October 24. The IPO aims to raise Rs66.02 crores by offering 6,602,400 equity shares, priced between Rs95 and Rs100 per share.

Specializing in precision components for automotive, defense, marine, and telecom industries, OBSC Perfection will list on the NSE Emerge platform. The company boasts an order book of INR 359 crores and operates facilities in Pune and Chennai, showing robust growth at over 26% CAGR from FY22 to FY24.

With a strong financial performance, including a 20% revenue increase in the fiscal year 2024, the IPO will allocate 50% to Qualified Institutional Buyers, 35% to Retail Investors, and 15% to Non-Institutional Investors. Unistone Capital Pvt Ltd will manage the IPO, listing on NSE SME on October 29, 2024.

(With inputs from agencies.)