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OBSC Perfection Limited Announces INR 66 Crores SME IPO from 22nd October
New Delhi [India] October 24: OBSC Perfection Limited, a precision metal components manufacturer established in 2017, is set to open its SME IPO on October 22, 2024, with the subscription period closing on October 24, 2024. Anchor allotment is scheduled to be done on 21st October 2024. The IPO aims to raise ₹66.02 crores at upper [...]
New Delhi [India] October 24: OBSC Perfection Limited, a precision metal components manufacturer established in 2017, is set to open its SME IPO on October 22, 2024, with the subscription period closing on October 24, 2024. Anchor allotment is scheduled to be done on 21st October 2024. The IPO aims to raise ₹66.02 crores at upper price band of ₹100 per share through an entirely fresh issue of 6,602,400 equity shares, with a price band fixed between ₹95 and ₹100 per share.
OBSC Perfection which will be listing on NSE Emerge platform, specializes in manufacturing a diverse range of high-quality engineered precision metal components for industries including Automotive, Defense, Marine, Telecom across 8 countries currently boasts an order book and nominations worth INR 359 crores as per its Offer document filings. The company’s product portfolio includes cut blanks, shafts, splines, torsion bars, piston rods, and more, catering to multiple sectors and regions. With three manufacturing facilities located in Pune, Maharashtra, and one in Chennai, Tamil Nadu, OBSC Perfection has grown at over 26% CAGR over FY22 to FY24.
