Omara Ventures India Limited IPO — Subscription & GMP
- Price band
- ₹296 – ₹311
- Lot size
- 400
- Issue size
- ₹41.98 Cr
- Bidding
- 30 Sept 2026 → 05 Oct 2026
- Allotment
- —
- Listing
- 08 Oct 2026
Listing outcome
Official exchange pricesNo grey market premium was recorded at the close of bidding, so there is nothing to score this listing against.
Schedule
- 30 Sept 2026IPO open date
- 05 Oct 2026IPO close date
- 06 Oct 2026Allotment date†
- 06 Oct 2026Funds unblock or debit†
- 08 Oct 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsOmara Ventures India sells natural diamond jewellery under its own "Omara" brand, chiefly through its retail boutique on Madhya Marg in Chandigarh. Incorporated in October 2020, it converted to a public company in early 2026.
How it makes money
Omara is a designer and retailer rather than a manufacturer. It develops designs in-house, then has the jewellery made by a product development and supply partner to its specifications. Pieces use natural diamonds and precious and semi-precious stones set in gold, platinum and silver.
The range covers necklaces, earrings, rings and bracelets for weddings, festive occasions, gifting and daily wear, across several price points. It also offers customisation. Margins in this model come from design and brand rather than from manufacturing scale.
The numbers
- Revenue: ₹45.9 Cr in FY26, up from ₹23.5 Cr (FY25) and ₹23.2 Cr (FY24)
- Profit after tax: ₹9.4 Cr in FY26, against ₹2.7 Cr and ₹0.3 Cr
- PAT margin: 20.4% in FY26, up from 11.6% and 1.3%
- EBITDA margin: 31.5% in FY26
- Return on equity: 74.8% in FY26
- Net worth: ₹12.5 Cr at March 2026
- EPS: ₹31.11 for FY26, about 10.0× earnings at the top of the band
The trajectory is steep. Revenue was flat between FY24 and FY25, then nearly doubled. Profit rose about thirtyfold over the two years.
Where the money goes
The offer combines a fresh issue with an offer for sale by selling shareholders. The company's share funds renovation and expansion of the Chandigarh boutique, marketing to build local brand awareness, repayment of bank borrowings, long-term working capital and general corporate purposes.
Worth knowing
- Concentration is high on both ends. Sales run mainly through one boutique in one city, and supply comes through one product development partner. A disruption at either would affect the whole business.
- The very high return on equity is partly arithmetic: net worth was under ₹1 Cr two years ago, so even modest profits produce large percentages.
- A 20% net margin is unusually high for jewellery retail, where gold carries thin margins. Figures this strong over a short history are worth reading in the filing itself rather than taking from a summary.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹31.11 | — |
| P/E ratio | 10.00× | — |
| NAV per share | ₹41.61 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 43 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 802 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 2.56 L | 2.57 L | 1.00× |
| 1(a)Foreign Institutional Investors (FIIs) | — | — | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | — | — |
| 1(c)Mutual Funds | — | — | — |
| 1(D)Others | — | 2.57 L | — |
| 2Non Institutional Investors | 5.81 L | 9.49 L | 1.63× |
| 2(a)Corporates | — | 1.78 L | — |
| 2(b)Individuals (Other than RIIs) | — | 7.52 L | — |
| 3Retail Individual Investors (RIIs) | 5.13 L | 2.22 L | 0.43× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 2.22 L | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 13.50 L | 14.28 L | 1.06× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹296 → ₹311 · peak 14.28 L shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹296 – ₹311
- Lot size
- 400 shares
- Min. bid quantity
- 800
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 13.50 L
- Issue size
- ₹41.98 Cr
- Max bid · QIB
- 12.82 L
- Max bid · NII
- 10.26 L
Timeline & process
- Bidding opens
- 30 Sept 2026
- Bidding closes
- 05 Oct 2026
- Allotment
- —
- Listing
- 08 Oct 2026
Intermediaries
- Registrar
- BIGSHARE SERVICES PRIVATE LIMITED
- Sponsor bank
- KOTAK BANK
- Lead managers
- Wealth Mine Networks Limited