About On Door Concepts Limited IPO:
Incorporated in December 2014, On door concepts is a fast-upcoming regional omni-channel retailer of groceries and household essentials. The company deals in the following product categories Food category includes groceries, fruits & vegetables, beverages dairy products and confectionery , Next comes FMCG i.e fast moving consumer goods involving personal care and toiletries and other over-the-counter products & Lastly, general merchandise includes crockery, plastic items, daily necessities etc.
Ondoor has a full stack of online business, which starts from android and iOS applications (Ondoor – Online Grocery Shoppi), web portal (www.ondoor.com), a telephone ordering system and a complete backend logistics to retrieve, pack and deliver the order at the customers’ doorstep.
The company’s business strategy and approach is to bring modern trade benefits to the rural and small-town customers & Omni-channel and convenient purchase experience to urban consumers.
On Door Concepts Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives:
1. Augmenting additional working capital requirements
Here are key details about the On Door Concepts Limited IPO: