Ondoor Concepts is an e-commerce website catering to the needs of grocery and home essentials.
In Jan 2015, the company opened its first store in Bhopal, Madhya Pradesh. As of 31st March 2023, the company has established 55 stores across various cities in Madhya Pradesh out of which 17 stores are owned and operated by the company. The rest of the 38 stores are operated through the franchisee model.
The products shown to the consumers on company’s website www.ondoor.com and mobile app (Ondoor – Online Grocery Shoppi) are only those products, which are available in the store mapped to their delivery location.
The company deals in the following product categories:
- Foods: This category includes staples, groceries, fruits & vegetables, snacks & processed foods, dairy & frozen products, beverages and confectionery.
- Non-Foods (FMCG): This category includes home care products, personal care and toiletries and other over the counter products.
- General Merchandise: This category includes crockery, utensils, plastic goods, pooja items etc.
On Door Concepts IPO – Details
| IPO Opening Date | 23 October 2023 |
| IPO Closing Date | 27 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 14,98,800 Shares Worth ₹31.38 Crore Fresh Issue: 14,98,800 Shares Worth ₹31.38 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹208 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
On Door Concepts IPO – Date Schedule
| IPO Open Date | 23 October 2023 |
| IPO Close Date | 27 October 2023 |
| Basis of Allotment | 01 November 2023 |
| Initiation of Refund | 02 November 2023 |
| Credit of Shares to Demat Account | 03 November 2023 |
| IPO Listing Date | 06 November 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 27, 2023 |
On Door Concepts IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 600 | 1,24,800 |
| Retail (Maximum) | 1 | 600 | 1,24,800 |
| HNI (Minimum) | 2 | 1200 | 2,49,600 |
Competitive Strengths
- E-tailing business including Android and IOS Application, web portal and telephonic orders backed up by backhand logistics to deliver the order at the customer’s doorstep.
- Ondoor follows the policy of “Everyday Low Price” to give a convenient shopping experience to its target customer base.
- Reasonable pricing across all product categories and all product ranges rather than on particular day of the week.
Company Promoters
- NSB BPO Solutions Private Limited
- Mr. Narendra Singh Bapna
- Mr. Pramod Ramdas Ingle
- Mrs. Swati Bapna
- Mrs. Vaishali Ingle
Object Of The Issue
- Augmenting additional working capital requirements.
- General Corporate Purposes.
- Issue Related Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 183.06 | 181.91 | -5.23 | – |
| 31 March 2022 | 173.33 | 171.75 | -5.37 | – |
| 31 March 2023 | 180.15 | 176.12 | 0.06 | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 4.56 |
| Market Cap (₹ Cr.) | 117.49 |
| ROE | 25.51 |
| ROCE | 50.90 |
| EPS (Rs) | 56.77 |
| RoNW | 25.51 |
On Door Concepts IPO Promoter Holding
| Pre Issue Share Holding | 51.92% |
| Post Issue Share Holding | 38.14% |
On Door Concepts IPO Prospectus
Company Contact Information
| On Door Concepts Limited Phoenix Corporate Park, First Floor, Opp. Vrindawan Garden, Hoshangabad Road Bhopal, 462026 Phone: +91 755 3511480 Email: cs@ondoor.com Website: http://www.ondoor.com/ |
On Door Concepts IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
On Door Concepts IPO Lead Manager(s)
| 1. First Overseas Capital Limited |
On Door Concepts IPO FAQs
| What is On Door Concepts IPO? On Door Concepts IPO is a SME IPO. The issue is priced at ₹208 per equity share. The IPO is to be listed on NSE SME. |
| When On Door Concepts IPO will open? The IPO is to open on 23 October 2023 for Other – 50% and Retail – 50% Investors. |
| How to On Door Concepts IPO? You can apply On Door Concepts IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the On Door Concepts IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “On Door Concepts”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the On Door Concepts IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “On Door Concepts”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is On Door Concepts IPO Size? On Door Concepts IPO size is ₹31.18 crores. |
| What is On Door Concepts IPO Price Band? On Door Concepts IPO Price Band is ₹208. |
| What is On Door Concepts IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,24,800 amount while the maximum bid is 600 shares with ₹1,24,800. |
| What is the On Door Concepts IPO Allotment Date? On Door Concepts IPO allotment date is 01 November 2023. |
| What is the On Door Concepts IPO Listing Date? On Door Concepts IPO listing date is 06 November 2023. The IPO is to list on NSE SME. |
