OBSC Perfection Ltd IPO

About OBSC Perfection Ltd

OBSC Perfection Limited was originally incorporated as OBSC Perfection Private Limited on March 17, 2017, as a private limited company under the provisions of the Companies Act, 2013 pursuant to Certificate of Incorporation issued by RoC, Central Registration Centre. The Company was converted into a public limited company pursuant to shareholders resolution passed at the General Meeting of the Company held on July 12, 2024 and the name of the Company was changed to OBSC Perfection Limited and a Fresh Certificate of Incorporation dated June 28, 2024 was issued by Registrar of Companies, Central Registration Centre. The Corporate Identification Number of the Company is U27100DL2017PLC314606.

India's auto components industry's market share has significantly expanded, led by increasing demand for automobiles by the growing middle class and exports globally. Due to the growth in demand for Indian auto components, several Indian and international players have entered the industry. India's auto component industry is broadly classified into organised and unorganised sectors. While the unorganised sector consists of low-valued items and mostly serves the aftermarket category, the organised sector serves OEMs and includes high-value precision instruments. The automobile component industry turnover stood at Rs. 2.9 lakh crore (US$ 36.1 billion) in H1 2023-24 the industry had revenue growth of 12.6% as compared to H1 2022-23. Domestic OEM supplies contributed ~66% to the industry's turnover, followed by domestic aftermarket (~12%) and exports (~22.3%), in FY23. The component sales to OEMs in the domestic market grew by 13.9% to US$ 30.57 billion (Rs.2.54 lakh crore). In H1 2023-24, exports of auto components grew by 2.7% to Rs.85,870 crore (US$ 10.4 billion). The aftermarket for auto components grew by 7.5% in H1 2023-24 reaching Rs.45,158 crore (US$ 5.5 billion).

We are a precision metal component manufacturer offering a diversified suite of precision engineering products which are high-quality engineered parts across end-user industries and geographies. We primarily cater to top original equipment manufacturers (OEMs) who ultimately supply various components and parts to top automotive manufacturing companies of India. In non-automotive sector, we cater to manufacturers of Defense, Marine & Telecommunication Infrastructure industries. At present, our core expertise lies in serving the automotive industry i.e. supplying OEMs, however, we're actively expanding our reach beyond automotive, leveraging our capabilities to develop a strong presence in defense, marine, and telecommunication infrastructure sectors. As a result of which, currently, majority of our business comes from auto industry and defense, marine, and telecommunication infrastructure sectors forms a small portion of our business. We largely supply to our domestic customers, however, we have an international presence also through export sales.

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