Ondoor Concepts IPO Review, Date, Price, GMP

Ondoor Concepts is a rapidly emerging regional omni-channel retailer specializing in groceries and household essentials. The company enjoys the distinction of being an early entrant in the supermarket industry, providing the convenience of both colony stores and hyperlocal home delivery through online orders. Most of the company’s stores efficiently fulfill online orders from their own shelves. The inaugural store was opened in Bhopal, Madhya Pradesh, in January 2015. As of March 31, 2023, the company operates 55 stores in various cities across Madhya Pradesh. Out of these 55 stores, 17 are company-owned and company-operated (COCO) stores, while the remainder are operated via a franchisee model.

The products featured on Ondoor Concepts’ website (www.ondoor.com) and mobile app (Ondoor – Online Grocery Shoppi) are limited to those available in the store mapped to the customer’s delivery location. The company anticipates rapid growth in contributions from smaller cities due to its strategic focus on expanding through the franchise model.

The company adopts a cluster strategy, for opening stores strategically placing them based on proximity and focusing on a supply chain. This strategy aims to cater to populated areas primarily serving middle and aspiring upper-middle-class customers. Ondoor Concepts achievement can be attributed to their dedication to offering one-stop shopping for needs, competitive prices, understanding of local markets, thoughtful product selection, and efficient supply chain management.

Ondoor Concepts classifies its products into the following categories:

1. Foods: This category encompasses staples, groceries, fruits and vegetables, snacks, processed foods, dairy and frozen products, beverages, and confectionery. Foods constitute the majority of the company’s total sales.
2. Non-Foods (FMCG): This category comprises home care products, personal care and toiletries, and other over-the-counter products.
3. General Merchandise: This category includes items such as crockery, utensils, plastic goods, and pooja items.

Ondoor Concepts IPO Complete Details:

Ondoor Concepts IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Ondoor Concepts is Around 25 Rs.

Objects Of Issue:

1. Augmenting working capital for additional financial requirements.

2. Utilizing funds for general corporate purposes.

Promoters:

Narendra Singh Bapna

•  Age: 55 years 
• Educational Background: Holds a bachelor’s degree, in Commerce from Bhopal University. Is a Chartered Accountant certified by ICAI.
• Work Experience: Has over 18 years of experience at NSB BPO Solutions Pvt. Ltd., where he has been involved in providing back office services to various sectors such as telecom, banking, and financial institutions and trading in grocery items and vegetables.

Pramod Ramdas Ingle

•  Age: 53 years 
• Educational Background: Holds a bachelor’s degree in Commerce from Barkatullah Vishwavidyalaya. Is a Chartered Accountant certified by ICAI.
• Work Experience: Has over 18 years of experience with NSB BPO Solutions Pvt. Ltd. primarily focused on back office services and trading.

Vaishali Pramod Ingle

•  Age: 46 years 
• Educational Background: Holds a B.Ed. Degree from Devi Ahilya Vishwavidyalaya and an M.Sc. In Botany from the University of Pune.
• Work Experience: Possesses more than ten years of experience in the field of HR and Administration.

Swati Bapna

•  Age: 49 years 
• Educational Background: Graduated with a degree in Commerce from Devi Ahilya Vishwavidyalaya.
• Work Experience: Brings, over 12 years of experience primarily focused on finance and accounts.

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