| Price | 296 to 311 |
|---|---|
| GMP Rumors | ₹0 |
| Lot size | 400 |
| Issue size | ₹42 Cr |
| Allotment | 06-10-2026 |
| Refund | 07-10-2026 |
| Listing | 08-10-2026 |
| Stars |
★☆☆☆☆ |
| ISIN | INE1IA801011 |
| Allotment Status | Bigshare |
| Video |  |
BSE List Price : ₹319.00
| Category | Times |
|---|---|
| QIBs | 1x |
| HNIs | 1.85x |
| Retail | 0.43x |
| Total : 1.11x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 800 | ₹248,800 |
| Retail Maximum | 2 | 800 | ₹248,800 |
| S - HNI Minimum | 3 | 1,200 | ₹373,200 |
| S - HNI Maximum | 8 | 3,200 | ₹995,200 |
| B - HNI Minimum | 9 | 3,600 | ₹1,119,600 |
Omara Ventures India Limited is a Chandigarh-based retail jewellery company operating under the “OMARA” brand. The company sells diamond jewellery made with natural diamonds and precious and semi-precious gemstones set in gold, platinum and silver.
Business Model: The company follows a design-led, B2C retail model. Jewellery is conceptualised and designed in-house and manufactured through product-development and supply partners according to the company's designs and specifications. Sales are primarily made through its retail boutique in Chandigarh, along with exhibitions and other promotional channels.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹23.19 | ₹22.77 | ₹0.31 | ₹26.44 |
| 2025 | ₹23.52 | ₹19.85 | ₹2.73 | ₹29.46 |
| 2026 | ₹45.87 | ₹33.13 | ₹9.37 | ₹47.25 |
Samarth Jaiswal
Ishani Mehta Jaiswal
Design-Led Product Portfolio: The company undertakes product conceptualisation, design development, customer preference analysis, product curation and merchandising in-house, supporting a differentiated jewellery portfolio.
Diversified Jewellery Range: Products include necklaces, earrings, rings, bracelets and other jewellery suitable for weddings, festivals, gifting, special occasions and daily wear.
Customisation Capability: The company provides customised jewellery services, allowing customers to personalise designs according to their preferences and occasions.
Quality & Certification: Gold jewellery is supported by BIS hallmarking, while diamonds are graded/certified by recognised gemological laboratories wherever applicable.
Strong Financial Growth: Revenue increased from 23.19 crore in FY24 to 45.87 crore in FY26, while PAT increased from 0.31 crore to 9.37 crore during the same period.
Improved Profitability: EBITDA margin increased from 7.9% in FY24 to 31.4% in FY26, according to the offer-document analysis.
High Inventory Requirement: Inventory stood at approximately 43.58 crore as of March 2026, equivalent to around 347 inventory days. A high inventory level ties up substantial working capital.
Negative Operating Cash Flow: Operating cash flow was negative in FY24, FY25 and FY26, despite the company reporting profits, indicating pressure from working-capital requirements.
Geographical Concentration: Chandigarh contributed 82.92% of FY26 revenue, creating significant dependence on a single market.
Single Boutique Dependence: The company primarily operates through one retail boutique in Sector 9-C, Chandigarh, making the business dependent on the performance and location of this outlet.
Supplier Concentration: The top 10 suppliers accounted for 92.60% of purchases in FY26, while the top two suppliers accounted for approximately 64.57%.
Borrowing Cost Risk: FY26 finance cost was approximately 1.49 crore, while certain unsecured loans carried interest rates ranging from 15% to 17%.
Regulatory Compliance Risk: The offer-document disclosures mention delayed statutory filings and certain compliance lapses, which may result in penalties or additional compliance costs.
Brand Registration Risk: Trademark applications for the OMARA brand were pending, while jewellery designs were not registered as disclosed in the offer document.
Boutique Renovation & Expansion: The IPO proceeds are proposed to fund capital expenditure towards renovation and expansion of the jewellery boutique.
Marketing & Promotion: Funds are proposed for marketing and promotional activities aimed at increasing local brand awareness and visibility of the OMARA brand.
Debt Repayment / Prepayment: Approximately 18.00 crore is proposed towards repayment or prepayment, in full or part, of borrowings from banks and financial institutions.
Long-Term Working Capital: A portion of the proceeds is proposed to meet the company's long-term working-capital requirements, including funding for inventory and business operations.
General Corporate Purposes: The remaining proceeds are proposed for general corporate purposes, subject to the applicable limits.
Omara Ventures India Ltd.
SCO 162 & 163, Sector 9-C
Madhya Marg
Sector 9 (Chandigarh)
Chandigarh, Chandigarh, 160009
Phone: +91 172-4106777
Email: info@omara.in
Website: https://omara.in/
Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html