OBSC Perfection IPO allotment: Steps to check status on NSE, Bigshare Services

OBSC Perfection IPO allotment status is expected to be finalised on Friday, October 25, after the subscription closed with a strong demand.

The NSE SME issue was booked over 16 times during the three-day bidding period from October 22 to October 24.

OBSC Perfection IPO received bids for more than 7.3 crore equity shares compared to 43.89 lakh shares on offer. The issue was booked 16.63 times across all investor categories.

Steps to check OBSC Perfection IPO share allotment status on NSE website

• Go to the IPO allotment status page on the NSE website: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your user ID and password. The new users need to register on the NSE website before checking the IPO allotment status.
• Select 'OBSC Perfection' from the list for issue names
• Verify PAN details
• Enter your IPO application number
• Click on the 'submit' button

Here’s how to check OBSC Perfection IPO share allotment on OBSC Perfection

• Go to the Bigshare Services Pvt Ltd website at https://www.bigshareonline.com
• Click on the IPO allotment status
• Choose any server from the 3 options
• Select ‘OBSC Perfection’ from the list for company names
• Select any of these- Application number, PAN, Beneficiary ID
• Enter the details for the option you have selected
• Complete the 'captcha' to verify
• Click the 'Search' button to check the allotment status

The ₹66.02-crore initial public offering of OBSC Perfection Limited comprised an entirely fresh issue of 66.02 lakh shares.

OBSC Perfection IPO price band was fixed at ₹95 to ₹100 per share. The minimum lot size for retail investors was fixed at 1200 shares which aggregated to an investment of ₹1,20,000.

OBSC Perfection IPO listing date

Refunds will be initiated for unsuccessful bidders on Monday, October 28. OBSC Perfection will also transfer shares to the Demat accounts of successful bidders the same day.

Shares of OBSC Perfection will be listed on the NSE SME platform, Emerge. The tentative IPO listing date has been fixed as Tuesday, October 29.

OBSC Perfection IPO objective

The company plans to use the proceeds of the public issue for purchasing machinery for its manufacturing facility located in Tamil Nadu. The proceeds will also be used for purchasing machinery for its manufacturing facility located in Maharashtra. The company will also use a portion of funds for fulfilling its working capital requirements and general corporate purposes.

About OBSC Perfection

OBSC Perfection, established in 2017, manufactures metal components and precision engineering products. The company’s product portfolio consisted of 24 products as of July 23, 2024.

The company provides products to Original Equipment Manufacturers (OEMs) which supply various components and parts to leading automobile manufacturers in India. The company had 85 employees as of July 12, 2024.