Onset Ltd IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

About Company

Incorporated in 2018, Onset Limited operates in the Fast Moving Consumer Goods (FMCG) sector. Onset serves B2B2C and B2B customers through its diversified range of personal care, home care, and food products. The company has strengthened its footprints in five continents with a significant presence in countries like the USA, UK, UAE, Africa, CIS, and Latin America.

The company also generates revenue from Non-Fast Moving Consumer Goods (“Non-FMCG”) with a range of industrial products for B2B customers. The company achieved a ‘One Star Export House’ status after one year of incorporation issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.

The household and personal care market is expected to witness a CAGR of 5.6% during 2024-2028. This would primarily be backed by increasing awareness towards hygiene, growing disposable incomes, increasing standard of living, rising urbanization, etc. This could help the company in revenue growth as a major portion of revenue comes from household and personal care products

Onset Limited IPO Details

Onset Limited IPO Date

Retail investors can bid for the Onset Limited IPO. The issue date has not been announced yet.

Onset Limited IPO Price Band

Onset Limited is a fresh issue IPO of ₹ 77 crore and an Offer for Sale of 32,50,000 shares. It is a book-building issue. The price range has not been announced yet.

Onset Limited IPO Lot Size

The lot size and minimum investment of Onset Limited IPO will be announced later.

Onset Limited IPO Objectives

The objectives of Onset Limited IPO are listed below:

To fund working capital requirements
For general corporate purposes.

Peer Details

As per DRHP, there are no listed peers whose business portfolio is comparable to the company.

How To Check the Allotment Status of the Onset Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Validate with an OTP
Enter your application number, DP ID, and PAN number into the app
Click on ‘Submit’

Contact Details of Onset Limited

Registered office: 2nd Floor, Unit - 11/C, Techniplex - 2, Swami Vivekananda Road, near Witty International School, Goregaon West, Mumbai – 400 062, Maharashtra, India

Phone: +91 88288 01230

E-mail: cs@onestltd.com

Onset Limited Company Financials

Particulars	Year ending on March 31, 2023 (₹ Million)	Year ending on March 31, 2022 (₹ Million)	Year ending on March 31, 2021 (₹ Million)
Total Income	1,865.25	1,089.89	654.26
Profit After Tax (PAT)	79.95	24.44	14.58
Net Profit Margin	4.34%	2.27%	2.27%
Return on Capital Employed	21.35%	19.16%	26.61%
Net Debt/ EBITDA Ratio (x)	1.30	0.16	1.20

Know before investing

Strengths

The company maintained a consistent trend of growth in revenue and net profit. Revenue grew at a CAGR of 69.55% during 2021 and 2023.
The company efficiently uses its working capital, as indicated by the growth in ROCE to 21.35% in 2023. This showcases the decent profitable position of the business.
The revenue growth is likely to be supported by the strengthened global presence and diversified business model.
The FMCG market is highly optimistic, which would be backed by growing income, a rising standard of living, and other consumer-centric factors. This might support the topline as FMCG is major revenue source

Risks

The company is highly dependent on exports as it generates a major portion of revenue from exporting its products. Any international trade tension could result in a significant drop in revenue.
The company is seeking higher debt funding for business requirements. This would result in increased interest costs and the profitability of the business could be hampered.
The company has a major dependence on third-party manufacturers for all its products. Any failure in the production by these manufacturers could delay the supply of products.
The company carries out its operation in a highly competitive industry, whereby it is exposed to competition from domestic and multinational corporations. Hence, a price war could adversely impact business growth.