Omara Ventures India IPO

SME • BSE SME • Fresh capital only

LISTEDSMEBSE SME

Omara Ventures India

Price band

₹296 – ₹311

Lot size

400 shares

Min investment

₹1,24,400

Issue size

₹41.99 Cr

About the company

Omara Ventures India Limited was started in October 2020. It is a retail jewellery company selling diamond jewellery made with natural diamonds and precious and semi-precious gemstones, set in gold, platinum and silver. It sells under the brand name Omara and serves individual customers directly through its retail boutique rather than supplying other jewellers. Its range covers necklaces, earrings, rings, bracelets and other pieces, across wedding jewellery, special occasion jewellery, festive jewellery and contemporary daily wear, at different price points and for different age groups. The company describes its approach as combining traditional elegance with contemporary design. Its business is built around conceptualising products in house, developing designs, studying customer preferences and curating collections.

Omara Ventures India Limited is a retail jeweller selling natural diamond jewellery set in gold, platinum and silver under the Omara brand through its own boutique. Its range covers wedding, occasion, festive and daily-wear necklaces, earrings, rings and bracelets.

IPO details

Issue price: ₹311
Price band: ₹296 – ₹311
Face value: ₹10
Lot size: 400
Min investment: ₹1,24,400
Issue size: ₹41.99 Cr
Sale type: Fresh capital only
Listing on: BSE SME
BSE scrip code: 8016
NSE symbol: OMARA.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	400	₹1,24,400
Retail (Max)	1	400	₹1,24,400
HNI (Min)	2	800	₹2,48,800

Investor reservation

CATEGORY	RESERVED
QIB	2,56,400 shares (20.00% of the Offer)
NII	5,12,800 shares (40.00% of the Offer)
Retail	5,12,800 shares (40.00% of the Offer)

Objects of the issue

1Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique2.00

2Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of the flagship brand, “OMARA”2.00

3Funding towards repayment or prepayment, in full or in part, of borrowings availed by the Company from bank and financial institutions18.00

4Funding the long-term working capital requirements of the Company10.00

5General Corporate Purpose

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	47.25	29.46	26.44
Total Income	45.87	23.52	23.19
Profit After Tax	9.37	2.73	0.31
EBITDA	14.43	4.87	1.84
NET Worth	12.52	3.16	0.43
Reserves and Surplus	9.51	3.15	0.42
Total Borrowing	22.43	13.95	11.25

Key performance indicators

P/E Ratio

14.48

EPS (₹)

21.48

RoE

74.78%

RoCE

85.38%

RoNW

74.78%

PAT Margin

20.42%

EBITDA Margin

31.45%

Debt / Equity

1.79

NAV (₹)

41.61

✓ Strengths

• Sales nearly doubled in FY2026, from Rs 23.52 crore to Rs 45.87 crore.

• Profit has grown very sharply, from Rs 0.31 crore in FY2024 to Rs 2.73 crore in FY2025 and Rs 9.37 crore in FY2026.

• The margin is high for jewellery retail, with a PAT margin of 20.42%.

• Return ratios are very high, with RoCE of 85.38% and RoNW of 74.78%, largely because the capital base is still small.

• The issue is priced at about 14.48 times earnings on an EPS of Rs 21.48.

• Designing its own collections in house lets it earn a design premium rather than competing only on gold price.

• It sells directly to customers under its own brand, so it keeps the retail margin rather than supplying other jewellers.

• The whole issue is fresh capital.

⚠ Risks

• The growth is from a very small base. Profit rose about thirty times in two years, and such growth cannot be assumed to continue.

• The business runs essentially from a single boutique, so the whole company depends on one location and its footfall.

• Debt is high. Total borrowing was Rs 22.43 crore against a net worth of Rs 12.52 crore, a debt to equity ratio of 1.79.

• The company is young, having been started in October 2020.

• Diamond jewellery is a discretionary purchase that falls quickly when consumer sentiment weakens, and lab-grown diamonds are putting pressure on natural diamond prices.

• Established national jewellery chains have far greater brand recognition, trust and buying power.

• A part of the money goes to marketing and promotion, which is a running cost rather than an asset.

• Promoter holding will come down from 99.99% to 69.03% after the issue.

• This is an SME issue. One lot is 400 shares, which is about Rs 1.24 lakh at the upper band of Rs 311, and SME shares usually trade in low volume after listing.

Promoters & holding

Samarth Jaiswal and Ishani Mehta Jaiswal

Pre-issue promoter holding

99.99%

Post-issue promoter holding

69.03%

Promoters hold 99.99% before the issue and will hold 69.03% after it.

Data refreshed 07 Nov 2026, 04:42 pm IST. GMP is unofficial market sentiment, not investment advice.