Omara Ventures India IPO
smelistedAbout the company
Omara Ventures India Limited, incorporated in October 2020, operates a retail jewellery business under the Omara brand. It sells diamond jewellery made with natural diamonds and precious and semi-precious gemstones set in gold, platinum and silver, primarily through its Chandigarh retail boutique. The company mainly serves B2C customers and offers wedding, festive, special-occasion and daily-wear jewellery across price points. The company conceptualises and develops designs in-house, analyses customer preferences, curates products and manages retail merchandising. Manufacturing is undertaken through product development and supply partners to the company's approved designs, specifications and quality standards. Its range includes necklaces, earrings, rings, bracelets and other jewellery products, and it also provides customisation services. Procurement of diamonds, gemstones, precious metals and allied materials may be undertaken directly or through the supply partners. In FY26, solitaire and diamond jewellery contributed 66.96% of revenue, gold jewellery 31.80% and silver coins 1.24%. The mix shifted from FY24, when solitaire and diamond jewellery contributed 96.31% and gold jewellery 3.69%; silver coins had no reported contribution in FY24 or FY25. The business is concentrated in Chandigarh, which accounted for 82.92% of FY26 revenue, followed by Maharashtra at 16.34% and Punjab at 0.74%. Distribution is primarily retail-led through the boutique, private consultations, exhibitions, events and digital enquiries.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 28 Sep | ₹0 | ₹311 | 0 |
Strengths
- Design-led jewellery portfolio covering bridal, festive, gifting and daily-wear segments.
- In-house product conceptualisation and design development helps the company differentiate its offerings.
- Experienced promoters and established relationships with artisans support its jewellery retail operations.
- Revenue increased to ₹45.87 crore in FY26 from ₹23.52 crore in FY25, while PAT rose to ₹9.37 crore from ₹2.73 crore.
- The company has an established retail boutique and focuses on quality, hallmarking and product authenticity.
Risks
- The business has significant dependence on the Chandigarh market, which contributed a major share of revenue in FY26.
- Fluctuations in gold, diamond and other precious-material prices can affect procurement costs, inventory values and margins.
- The company relies on suppliers for key raw materials, creating potential supply and cost risks.
- High inventory levels and extended inventory holding periods can increase working-capital requirements and liquidity pressure.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed30 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed05 Oct 2026Last day to place your bid
Basis of Allotment
Completed06 Oct 2026Share allotment finalised
Refund Initiation
Completed07 Oct 2026Refunds credited for non-allottees
Credit to Demat
Completed07 Oct 2026Allotted shares credited to demat account
Listing on Exchange
Completed08 Oct 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 | 400 | ₹124,400 | 1 | ₹124,400 | 1 lot only |
| HNI | 2 | 800 | ₹248,800 | 2 | ₹248,800 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 691,928 | 21 | 172,982 | 0.25x | 100% |
| NII | 15% | 207,578 | 6.3 | 238,715 | 1.15x | 87% |
| Retail | 35% | 484,349 | 14.7 | 24,217 | 0.05x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
