Omara Ventures India Limited, operating under the designer jewellery brand OMARA, is poised to launch its Initial Public Offering (IPO) on September 30, 2026. The ₹41.99 crore issue, set to be listed on the BSE SME platform, will remain open for subscription until October 5, 2026, offering investors an opportunity to participate in the company's growth.
Understanding Omara Ventures India
Omara Ventures India specializes in the designer jewellery segment, crafting pieces with natural diamonds, precious and semi-precious gemstones, and metals like gold and silver. Their extensive product line caters to various occasions, from bridal and celebratory events to everyday luxury. The brand emphasizes contemporary designs and meticulous craftsmanship in its offerings.
- Rings
- Earrings
- Necklaces
- Bracelets
- Other bespoke jewellery products
IPO Details at a Glance
The Omara Jewellery IPO has a price band set between ₹296 and ₹311 per equity share. Investors must apply for a minimum of two lots, with each lot comprising 400 equity shares. This translates to a minimum application of 800 equity shares, requiring an investment of ₹2,48,800 at the upper end of the price band, before applicable charges.
Key Dates:
- Issue Opening Date: September 30, 2026
- Issue Closing Date: October 5, 2026
- Listing Platform: BSE SME
Financial Performance Overview
Omara Ventures India has demonstrated robust financial growth leading up to its IPO. Between the fiscal years 2025 and 2026, the company recorded significant increases across key metrics:
- Revenue: Grew from ₹23.52 crore in FY25 to ₹45.87 crore in FY26.
- EBITDA: Increased from ₹4.87 crore to ₹14.42 crore.
- Profit After Tax (PAT): Rose from ₹2.73 crore to ₹9.36 crore.
These figures provide a snapshot of the company's financial health as it seeks public investment.
Utilisation of IPO Proceeds
According to the Red Herring Prospectus (RHP), the funds raised from the Omara Jewellery IPO are earmarked for several strategic initiatives aimed at bolstering the company's operations and expansion plans. These include:
- Renovation and expansion of its existing jewellery boutique.
- Enhanced marketing and promotional activities to strengthen brand presence.
- Partial or full repayment of existing borrowings.
- Meeting long-term working capital requirements.
- General corporate purposes to support ongoing business needs.
Prospective investors are encouraged to review the RHP for comprehensive details regarding the company's business, financial performance, and risk factors before making investment decisions.