SME
IPO ·
BSE SME
Omara Ventures India Ltd
Listed
Chandigarh retail jeweller selling diamond and gemstone jewellery under the Omara brand.
Issue details
Price band
₹296 – ₹311
Face value
₹10
Lot size
400 shares
Minimum investment
₹2,48,800
Issue size
₹41.99 Cr
Fresh issue
₹41.99 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
30 Sep 2026
Closes
5 Oct 2026
UPI mandate cut-off
5:00 PM on 5 Oct 2026
Allotment
6 Oct 2026
Refunds
7 Oct 2026
Shares in demat
7 Oct 2026
Listing
8 Oct 2026
Subscription and listing
Subscription
1.06x
Listing price
₹319
Registrar
Bigshare Services Pvt Ltd
Lead manager
Wealth Mine Networks Ltd
Subscription by category
QIB (Ex Anchor)
1.00x
NII *
1.72x
bNII (> ₹10L)
2.26x
sNII (< ₹10L)
0.64x
Individual Investor
0.43x
Total
1.06x
Total applications
386
Listing day
Issue price
₹311
Open
₹319.00
High
₹334.00
Low
₹318.00
Day close
₹319.05
Listing gain at open
+2.57%
Issue structure
Shares reserved per category and share of the total issue
QIB
2,56,400
18.99%
NII
5,12,800
37.99%
bNII > ₹10L
3,42,000
25.33%
sNII < ₹10L
1,70,800
12.65%
Retail
5,12,800
37.99%
Market Maker
68,000
5.04%
Total
13,50,000
100.00%
Finaccle’s quick read
Avoid
PAT surged from ₹0.31 Cr in FY24 to ₹9.37 Cr in FY26 on a tiny base, and debt/equity stands at 1.79, outweighing the low post-issue P/E of 14.48.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Omara Ventures India is a jewellery retailer selling natural-diamond and gemstone pieces set in gold, platinum and silver under the Omara brand. It sells mostly to retail customers through a single boutique and offers customisation for weddings, festivals and daily wear. The business is small, with 17 employees and total income of about ₹46 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
74.78%
ROCE
85.38%
Debt / equity
1.79
PAT margin
20.42%
P/E post issue
14.48
Market cap
₹135.60 Cr
Use of IPO money
Repayment/prepayment of borrowings
₹18.00 Cr
Long-term working capital
₹10.00 Cr
General corporate purpose
₹5.84 Cr
Issue expenses
₹4.15 Cr
Marketing and promotion
₹2.00 Cr
Boutique renovation and expansion
₹2.00 Cr
Strengths
✓
Own retail brand with design-led jewellery
✓
Income nearly doubled in FY26
✓
High reported margins and returns
✓
Entirely fresh issue; ₹18 Cr goes to debt repayment
Risks to watch
!
PAT jumped from ₹0.31 Cr in FY24 to ₹9.37 Cr in FY26
!
High debt/equity of 1.79
!
Single boutique and only 17 employees
!
Very thin net worth before the IPO
!
Weak retail demand at 0.43x subscription
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.