Fri Oct 25 03:57:16 UTC 2024: **Summary of the Article:**
– **Company Overview:** OBSC Perfection Ltd., a precision metal components manufacturer founded in 2017, has launched its SME IPO.
– **IPO Details:** The IPO opened on October 22, 2024, and will close on October 24, 2024. The company is offering a fresh issue of 6,602,400 equity shares priced between ₹95 and ₹100 per share.
– **Financial Expectations:** At the upper price band of ₹100, OBSC Perfection aims to raise ₹66.02 crore.
– **Industry Presence:** The company specializes in high-quality engineered precision metal components for various sectors, including automotive, defense, marine, and telecom, serving eight countries.
– **Current Business Status:** It has an order book totaling ₹359 crore, as per its offer document. The product range includes cut blanks, shafts, splines, torsion bars, and piston rods.
– **Growth Rate:** OBSC Perfection reported a growth rate of over 26% CAGR from FY22 to FY24, with manufacturing facilities located in Pune and Chennai.
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