Basis of Allotment

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT.

wpe3.jpg (12182 bytes) OMFURN INDIA LIMITED
Corporate Identification Number: L20200MH1997PLC111887

Our Company was originally incorporated as "OM Vishwakarma Furniture Private Limited" as a private limited company under the provisions of the Companies Act. 1956. pursuant to a certificate of incorporation dated November 13. 1997 issued by the Registrar of Companies Mumbai. Maharashtra. Subsequently the name of our Company was changed to Omfum India Private Limited vide shareholder's approval on April 03,2013 and fresh certificate of Incorporation dated April 21. 2013. Subsequently, the name of our Company was changed to Omlum India Limited pursuant to conversion into public company vide Shareholders approval on May 30, 2017 and fresh certificate of Incorporation dated June 15, 2017 was issued to our Company by the Registrar of Companies, Mumbai. Maharashtra. The Corporate Identification Number of our Company is L20200MH1997PLC111887. The shares of our Company got listed with Emerge Platform of NSE Limited through Initial Public Offer on October 13.2017. For further details, please refer to chapter titled "History and Corporate Structure " on page 140 of the Prospectus.

Registered Office: 109, Gundecha Industrial Complex, Akrurali Road, Kandivali (East). Mumbai - 400101, Maharashtra. India
Contact Person: Ms. Dhara Pratik Shah. Company Secretary and Compliance Officer
Tel: +-22 4210 8900 | Website: www.omfurnindia.com | E-mail: omfurn@omfurnindia.com
PROMOTERS: MR. RAJENDRA CHITBAHAL VISHWAKARMA, MR. MAHENDRA CHITBAHAL VISHWAKARMA. MR. NARENDRA CHITBAHAL
VISHWAKARMA, MR. PRASHANT RAJENDRA VISHWAKARMA AND MR. PARMANANO MAHENDRA VISHWAKARMA

Our Company has tiled the Prospectus dated March 23,2024. (the "Prospectus") with the Registrar of Companies, Mumbai and the Equity Shares are proposed to be listed on the Emerge platform of National Stock Exchange of India Limited ("NSE Emerge") and the listing and trading of the Equity Shares expected to commence on March 28.2024.

BASIS OF ALLOTMENT

FURTHER PUBLIC OFFER OF 36,00.000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH ("EQUITY SHARES") OF OMFURN INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 75.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 65.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 2.700.00 LAKHS ("THE ISSUE"). THE ISSUE INCLUDES A RESERVATION OF 1,80.000 EQUITY SHARES AGGREGATING TO Rs. 135.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 34.20,000 EQUITY SHARES AGGREGATING TO Rs. 2,565.00 LAKHS (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE CONSTITUTE 30.57 % AND 29.05 % RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO THE CHAPTER TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 214 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10.00 EACH AND THE ISSUE PRIE IS Rs. 75.00 PER EQUITY SHARE
ANCHOR INVESTOR ISSUE PRICE: Rs. 75.00 PER EQUITY SHARE
THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

BID/ISSUE PROGRAMME

BID/ISSUE OPENED ON: WEDNESDAY MARCH 20, 2024
BID/ISSUE CLOSED ON: FRIDAY, MARCH 22, 2024
PROPOSED LISTING: THURSDAY, MARCH 28, 2024*

*Subject to the receipt of trading approval from NSE Emerge.

RISKS TO INVESTORS

1. Substantial portion of our revenues come from the manufacturing of doors. The revenue from the sale of doors for the period ending September 30. 2023 and for Financial Years 2023, 2022 and 2021 contributed 3,674.33 Lakh. 4,552.02 Lakh, 2,181.69 Lakh and 1,259.49 Lakh, respectively, representing 83.17%, 64.81%, 70.74%, and 61.59%, respectively, of our revenues from operations

2. We propose to enter into new products viz. metal doors to be supplied to the construction and hotel industry. We may fail to generate new clients for these products and sell in these industries due to compeb'tion and other commercial factors

3. Our Company has not entered into any long-term agreements with our customers for purchasing our products We are subject to uncertainties in demand and there is no assurance that our customers will continue to purchase our products. This could impact the business and financial performance of our Company.

4. Our Registered Office and other place of business are located on leased and licensed premises and consequently, we are required to comply with certain requirements given under lease and license agreements.

5. Our customers expect us to maintain high quality standards and any failure by us to comply with such quality standards may have an adverse effect on demand from end customers and on our reputation, business, results of operations and financial condition

PROPOSED LISTING

The Issue is was made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules. 1957. as amended <*SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs". the "QIB Portion'), our Company, in consultation with the Book Running Lead Manager, allocated 31.32% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds. Further, not less than 15% of the Net Issue was available for allocation on a proportionate basis to Non-lnstitutional Bidders ("Non-lnstitutional Portion") and not less than 35% of the Net Issue was available for allocation to Retail Individual Bidders ("Retail Portion") in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price All potential Bidders (except Anchor Investors) were required to mandatorily participate in the issue only through the Application Supported by Blocked Amount (‘ASBA') process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in v/hich the corresponding Bid Amounts was blocked by the Self Certified Syndicate Banks ("SCSBs") or by the Sponsor Bank under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 225 of the Prospectus.

SUBSCRIPTION DETAILS

The Company received 2 Anchor Investor Application Forms from 2 Anchor Investors for 6,88.800 Equity Shares. Such 2 Anchor Investors were allocated 5,35.200 Equity Shares at a price of Rs. 75.00 per Equity Share under the Anchor Investor Portion, aggregating to Rs. 4.01,40.000.00

DETAILS OF APPLICATIONS (BEFORE TECHNICAL REJECTION):

Category

Number of applications

Number of equity shares Bid for

Number of equity shares reserved as per Prospectus

Number of times subscribed

Qualified Institutional Buyers (excluding Anchor Portion)

03

11,78.400

11,73,600

1.00

Non-lnstitutional Bidders

127

15,12.000

5,13.600

2.94

Retail Individual Investors

3,073

73,75.200

11,97.600

6.16

Market Maker

01

1.80,000

1,80.000

1

Anchor Investors

02

6.88.800

5,35.200

1.29

TOTAL

3,206'

1.09.34.400

36.00.000

9.79

DETAILS OF VALID APPLICATIONS:

Sr. No.

Category

Gross

Less: Valid Rejections

Valid

Applications

Equity Shares

Applications

Equity Shares

Applications

Equity Shares

1

Qualified Institutional Buyers (excluding Anchor Portion)

3

1178400

0

0

3

1178400

2

Retail Individual Investors

3171

7610400

98

235200

3073

7375200

3

Non-lnstitutional Bidders

137

1560000

10

48000

127

1512000

4

Market Maker

1

180000

0

0

1

180000

Total

3312

10528800

108

283200

3204

10245600

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e National Stock Exchange of India Limited on March 26,2024. ALLOCATION TO MARKET MAKER (AFTER TECHNICAL REJECTIONS): The Basis of Allotment to the Market Maker, at the issue price of Rs. 75.00/- per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,80.000 Equity shares in full out of reserved portion of 1,80.000 Equity Shares.

ALLOCATION TO RETAIL INDIVIDUAL INVESTORS (AFTER TECHNICAL REJECTIONS): The Basis of Allotment to the Retail Individual Investors, at the issue pnee of Rs. 75.00/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 6.16 times. The total number of shares allotted in this category is 11,97,600 Equity shares out of reserved portion of 11,97,600 Equity Shares.

No. of Shares Applied for (Category wise)

No. of Applications Received

%ol Total

Total No. of Shares Applied

% to Total

No. ol Equity Shares Allotted per Applicant

Ratio

Total No. of Shares Allotted

Surplus/ Deficit

Retail Individual Investors

3.073

100.00

73,75.200

100.00

2,400

6:37

11,97,600

o

ALLOCATION TO NON- RETAIL INDIVIDUAL INVESTORS (AFTER TECHNICAL REJECTIONS): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs. 75.00/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.94 times. The total number of shares allotted in this category is 5,13,600 Equity shares out of reserved portion of 5,13.600 Equity Shares.

No. of Shares Applied for (Category wise)

No. of Applications Received

% of Total

Total No. of Shares applied in each category

% to Total

Ration of allottees to applicants

Total No. of shares allocated/allotted

Surplus / Deficit (14)-(7)

4800

102

80.32

489600

32.38

23

34

165600

-708

7200

8

6.30

57600

3.81

1

1

19200

-366

9600

3

2.36

28800

1.90

1

1

7200

-2583

0.00

0.00

1

3

2400

2400

12000

1

0.79

12000

0.79

1

1

4800

724

14400

4

3.15

57600

3.81

1

1

19200

-366

16800

1

0.79

16800

1.11

1

1

4800

-907

21600

1

0.79

21600

1.43

1

1

7200

-137

52800

1

0.79

52800

3.49

1

1

19200

1265

60000

1

0.79

60000

3.97

1

1

21600

1219

64800

1

0.79

64800

4.29

1

1

21600

-411

81600

2

1.57

163200

10.79

1

1

52800

-2636

0.00

0.00

1

2

2400

2400

127200

1

0.79

127200

8.41

1

1

43200

-8

360000

1

0.79

360000

2381

1

1

122400

114

The FPO Committee of the Company at its meeting held on March 26.2024 has taken on record the Basis ot Allotment ol Equity Shares, as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the online corporate action for the allotment of the Equity Shares in dematerialized form to various successful applicants.

The CAN-cum-Refund Orders and Allotment Advice and/or Notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on before March 27,2024. Further, the instructions to Self-Certified Syndicate Banks being processed on or before March 27, 2024 for unblocking fund. In case the same is not received within Four (4) days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company shall file the listing application with National Stock Exchange of India Limited on or before March 27, 2024. The Company is in process of obtaining the listing & the trading approval from National Stock Exchange of India Limited and the trading is expected to commence on or before March 28.2024.

DISCLAIMER CLAUSE OF NSE (THE DESIGNATED STOCK EXCHANGE): It is to be distinctly understood that the permission given by National Stock Exchange of India Limited ("NSE") should not in any way be deemed or construed that the contents of the Prospectus or the pnce at which the equity shares are offered has been cleared, solicited or approved by NSE, nor does it certify the correctness, accuracy or completeness of any of the contents ot the Prospectus. The investors are advised to refer to the Prospectus for the full text of the ‘Disclaimer clause pertaining to NSE" beginning on page 206 of the Prospectus.

ATTENTION INVESTORS - CORRIGENDUM

This Corrigendum is in reference to the DRHP, RHP and Prospectus of the Company (together "Issue Documents") filed with NSE, SEBI and RoC in relation to the Issue. In this regard, investors shall note the following:

All reference made in the Issue Documents with respect to Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘‘SEBI ICDR Regulations"), shall be read together with reference to Chapter IV of the SEBI ICDR Regulations (to the extent applicable to the further public offers by issuers listed on SME platform) and Regulation 281 of the SEBI ICDR Regulations.

The information in this Corrigendum supplements the Issue Documents and updates the information in the Issue Documents, as applicable. Investors should read this Corrigendum in conjunction with the Issue Documents. All capitalized terms used in this Corrigendum shall, unless the context otherwise requires, have the meaning ascribed to them in the Prospectus dated March 23, 2024.

DISCLOSURES PERTAINING TO THE BRLM'S TRACK RECORD ON PAST ISSUES WITH A BREAKUP OF HANDLING OF SME IPOS FOR THE LAST 3 YEARS: GRETEX CORPORATE SERVICES LIMITED

TYPE

FY 2021-22

FY 2022-23

FY 2023-24

SME IPO

3

9

10

MAIN BOARD

0

o

0

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus dated March 23.2024. I

 

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. Bigshare Services Private Limited at ipo@bigShareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/1 sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE
wpe1.jpg (6402 bytes) wpe2.jpg (5036 bytes)
GRETEX CORPORATE SERVICES LIMITED BIGSHARE SERVICES PRIVATE LIMITED
A-401, Floor 4th. Plot FP-616, (PT), Naman Midtown. Senapati Bapat Marg, S6-2. 6th Pinnacle Business Park. Mahakali Caves Road, next to Ahura Centre,
Near Indiabulls. Dadar (w). Delisle Road. Mumbai - 400013. Andheri East. Mumbai- 400093, Maharashtra, India
Maharashtra, India | Tel No.: +91 96532 49863 Tel No.: +91 -22-6263 8200
Email: info@gretexgroup.com | Website: www.gretexcorporate.com E-mail: ipo@bigshareonlme.com | Website: www.bigshareonline.com
Contact Person: Mr Arvind Harlalka Investor Grievance E-mail: investor@bigshareonline.com
SEBI Registration No: INM000012177 Contact Person: Mr. Babu Rapheal | SEBI Registration No.: INR000001385

On Behalf of the Board of Directors

For Omfurn India Limited

Sd/-

Place: Mumbai

Mahendra Chilbahal Vishwakarma

Date: March 27, 2024

Whole time Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF OMFURN INDIA LIMITED.

Disclaimer: Omfurn India Limited has filed the Prospectus with the RoC on March 23, 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of NSE at https://www.nseindia.com and on the websites of the BRLM, Gretex Corporate Services Limited at https://gretexcorporate.com/ipo/ and Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 21 of the Prospectus.

The Equity Shares have not been and will not be registered under U.S. Securities Act of 1993. as amended ('the Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within United States, except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulations under Securities Act and the applicable laws of each jurisdiction where such offers and sales were made There will be no public offering in the United States.

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