Autofurnish IPO
smelistedAbout the company
Incorporated in 2015, Autofurnish Limited operates primarily in the B2B segment and the entire revenue has been derived solely from the B2B segment, engaged in the design, manufacturing, marketing and sale of automobile accessories, with a core product line that includes body covers and foot mats for both cars and two-wheelers. It has evolved into a one-stop solution for automotive accessories, offering a diverse product portfolio that combines both manufacturing and trading. The company also has a wholly-owned subsidiary, Golden Mace Private Limited which is engaged in trading of automotive accessories and focuses on the B2C segment through online platforms such as Flipkart, Amazon, Zepto and its website. Its revenue from manufacturing activities is inclusive of revenue generated from its design segment. Its products are marketed under the brand name “Autofurnish", and “Mototrance” customising to a wide range of industries. Its manufactured products are bike accessories, bike body covers, bike seat covers, scooty mats, car body covers, car foot mats, and many more while its trading products are car accessories, car audio accessories, car parts, car lights etc. Its trading business in automotive accessories operates as a supply chain consolidator, bridging the gap between original equipment manufacturers (OEM) and distributors. It acts as a distributor, offering value added services such as logistics, inventory management, credit facilities, and cost-effective delivery solutions. Revenue from manufacturing was ~58% and ~40% by trading in 9MFY26. Revenue made up by Car body covers was 35% and from Car interior Accessories was 20% mainly in the manufacturing segment in 9MFY26. In the trading section, Car interior Accessories and car lights were top contributors in 9MFY26. Geographical revenue was highest from Delhi ~76% and rest ~24% from other Indian states. Total installed capacity (in NOS) was 18,80,100 and Utilized capacity (in NOS) was 16,24,440 (86%) in 9MFY26.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 May | ₹0 | ₹41 | 0 |
| 24 May | ₹0 | ₹41 | 0 |
| 23 May | ₹0 | ₹41 | 0 |
| 22 May | ₹0 | ₹41 | 0 |
| 21 May | ₹0 | ₹41 | 0 |
| 20 May | ₹0 | ₹41 | 0 |
| 19 May | ₹0 | ₹41 | 0 |
| 18 May | ₹0 | ₹41 | 0 |
Strengths
- Operates in the growing automobile accessories market
- Wide product portfolio across car and bike accessories
- Strong online presence through own platform and marketplaces
- Established brand with nationwide customer reach
- Focus on premium and customized automotive products
- Asset-light e-commerce driven business model
- Growing demand for vehicle customization and protection products
- Presence in manufacturing, trading, and distribution segments
- Large product catalog and strong aftermarket positioning
- Benefits from rising automobile ownership in India
Risks
- Highly competitive automobile accessories industry
- Dependence on consumer discretionary spending
- Competition from unorganized local accessory sellers
- Margins can be impacted by raw material price fluctuations
- Dependence on online sales channels and digital demand
- Limited entry barriers may increase competitive pressure
- Business linked to automobile sector slowdown risks
- Brand visibility still smaller compared to large auto accessory players
- SME IPO liquidity and volatility risk
- Long-term scalability and profitability execution remain key monitoring factors
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed21 May 2026Bidding starts for all investor categories
IPO Closes
Completed25 May 2026Last day to place your bid
Basis of Allotment
Completed26 May 2026Share allotment finalised
Refund Initiation
Completed27 May 2026Refunds credited for non-allottees
Credit to Demat
Completed27 May 2026Allotted shares credited to demat account
Listing on Exchange
Completed29 May 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 3000 | ₹123,000 | 1 | ₹123,000 | 1 lot only |
| HNI | 2 | 6000 | ₹246,000 | 2 | ₹246,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,829,269 | 7.5 | 0 | 0.00x | 100% |
| NII | 15% | 548,781 | 2.25 | 0 | 0.00x | 100% |
| Retail | 35% | 1,280,488 | 5.25 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
