Omara Ventures India IPO

Incorporated in October 2020, Omara Ventures India Limited is a retail jewellery company operating under the “Omara” brand. The company sells diamond jewellery made with natural diamonds, precious and semi-precious gemstones, and metals including gold, platinum and silver. Its portfolio includes necklaces, earrings, rings, bracelets and other jewellery for weddings, festivals, special occasions and everyday wear. Omara follows a curated, design-led approach, with product conceptualisation, design development, customer preference analysis and merchandising undertaken in-house. The company primarily serves B2C customers through its retail boutique and also provides jewellery customisation services. Its products carry the Omara brand insignia, while applicable precious-metal and diamond certifications support product authenticity. As of June 30, 2026, the company had 17 employees.

Omara Ventures India Limited IPO Overview

Omara Ventures India Limited IPO is a bookbuilding issue of ₹41.99 crore comprising 13,50,000 fresh equity shares. The IPO will open for subscription on 30 September 2026 and close on 5 October 2026. The basis of allotment is expected to be finalised on 6 October, followed by refund initiation and credit of shares to demat accounts on 7 October. The shares are proposed to be listed on the BSE SME platform on 8 October 2026. The price band is fixed at ₹296 to ₹311 per share, with a lot size of 400 shares. Retail investors need to apply for a minimum of two lots, or 800 shares, requiring ₹2,48,800 at the upper price band. The minimum S-HNI application is three lots, or 1,200 shares. Wealth Mine Networks Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Rikhav Securities Ltd. is the market maker.

Omara Ventures India Limited IPO Details

Particulars	Details
IPO Date	30 September 2026 to 5 October 2026
Listing Date	8 October 2026
Face Value	₹10 per share
Issue Price Band	₹296 to ₹311 per share
Lot Size	400 Shares
Total Issue Size	13,50,000 shares (aggregating up to ₹41.99 Cr)
Fresh Issue	13,50,000 shares (aggregating up to ₹41.99 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	30,10,000 shares
Share Holding Post Issue	43,60,000 shares
Market Maker Portion	68,000 shares

Omara Ventures India Limited IPO Reservation

Investor Category	Shares Offered
QIB	2,56,400 shares — 20.00% of Net Issue
Retail	5,12,800 shares — 40.00% of Net Issue
NII (HNI)	5,12,800 shares — 40.00% of Net Issue

Omara Ventures India Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	800	₹2,48,800
Retail (Max)	2	800	₹2,48,800
S-HNI (Min)	3	1,200	₹3,73,200
S-HNI (Max)	8	3,200	₹9,95,200
B-HNI (Min)	9	3,600	₹11,19,600

Omara Ventures India Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.99%
Post-Issue	69.03%

Omara Ventures India Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹31.11
Price/Earnings (P/E) Ratio	10.00x
Return on Net Worth (RoNW)	74.78%
Net Asset Value (NAV)	₹41.61
Return on Equity	74.78%
Return on Capital Employed (ROCE)	85.38%
EBITDA Margin	31.45%
PAT Margin	20.42%
Debt to Equity Ratio	1.79

Objectives of the Proceeds

I. ₹2 crore for renovation and expansion of the company’s jewellery boutique to support improved retail infrastructure and customer experience.

II. ₹2 crore for marketing and promotional activities to increase local brand awareness and strengthen visibility of the OMARA brand.

III. ₹18 crore towards repayment or prepayment, fully or partly, of borrowings from banks and financial institutions.

IV. ₹10 crore towards meeting the company’s long-term working capital requirements and supporting ongoing operational needs.

V. General corporate purposes to meet eligible business requirements and other permitted corporate expenditure.

The stated objects of the issue are based on the company’s disclosed IPO utilisation plans.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	47.25	29.46	26.44
Revenue	45.87	23.52	23.19
Profit After Tax	9.37	2.73	0.31
Reserves and Surplus	9.51	3.15	0.42
Total Borrowings	22.43	13.95	11.25

IPO Strengths

I. Curated and design-led jewellery portfolio.

II. Experienced promoters and management support.

III. Customer-centric retail and customisation experience.

IV. Established retail boutique and operational infrastructure.

V. Emphasis on quality, certification and product authenticity.

VI. Brand visibility through selective marketing and logo embossing.

VII. Focus on in-house product conceptualisation and design development.

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio
Omara Ventures India Ltd.	31.11	31.11	41.61	—	74.89	—
Peer Group
Bluestone Jewellery & Lifestyle Ltd.	1.10	1.05	118.44	763.27	0.73	7.11
PNGS Reva Diamond Jewellery Ltd.	28.41	28.41	162.53	18.05	12.55	3.16
PN Gadgil Jewellers Ltd.	29.55	29.55	144.63	20.75	20.88	4.26
Advit Jewels Ltd.	10.74	10.74	28.93	23.82	37.14	9.11