Upcoming SME IPO 2023: OnDoor Concept IPO Fresh Issue of 14,98,800 Equity Shares

Next Upcoming SME IPO is On Door Concept Limited IPO. It is a NSE SME IPO. All details and company review are given below.

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Upcoming SME IPO 2023 Details

An online store called On Door Concepts Limited serves consumers’ demands for groceries and household necessities. The business was founded in December 2014, and in January 2015 it launched its first location in Bhopal, Madhya Pradesh.

The IPO for On Door Concepts Limited is scheduled to take place between October 23, 2023, and October 27, 2023. The total amount of the issuance, which consists completely of a new issue of 14.99 lakh shares at a fixed price of Rs. 208 each, is up to Rs. 31.18 crores. Retail investors must invest a minimum of Rs. 124,800, and the minimum lot size for an application is 600 shares.

• Company Name: On Door Concept Limited
• Symbol: Ondoor
• Bid Starts on: 23rd October, 2023 at 10 AM
• Bid ends on: 27th October, 2023 at 5:00 PM
• Issue Size: Fresh Issue of 14, 98, 800 IPO shares
• Issue Type; Fixed Price
• Bid Price Range: Rs. 208/share
• Face Value: Rs. 10
• Tick Size: Re. 1
• Bid Lot Size: 600 Equity shares & in multiples thereof
• MInimum Order: 1 Lot:- 600 equity shares
• Maximum sme ipo subscription amount for Retailers: Up to Rs. 2 lakh
• Maximum sme ipo subscription amount for HNI category: up to 5 Lakh
• Sponsor Bank: HDFC
• Apply via: Upstox, Angelone

A brief about ONDOOR SME IPO/NSE SME IPO

The regional omni-channel retailer of grocery and household goods, Ondoor, is a young and emerging company.

The company benefits from being one of the first players in the supermarket sector to offer the convenience of colony stores as well as hyperlocal home delivery through online orders; the majority of our stores in the relevant areas also fill the online orders from their respective shelves.
In January 2015, we inaugurated our first location in Bhopal, Madhya Pradesh.

The business ran 55 outlets in Madhya Pradesh cities as of March 31, 2023. Only 17 of the 55 outlets are company-owned and company-operated (COCO), with the others run by franchisees.

Share Holding Pattern

• Promoters and Promoters’ Group: 51.92%
• Public: 48.08%

Avishek Das

I am a personal finance, stock market update, etc.-related blog post writer. Besides, I am a stock market trader. I invest in IPOs, stocks, Etc. I publish valuable posts and information here.