Overview
Updated 6 days agoOmara Ventures India Limited is an SME IPO offering up to 13,50,000 equity shares of face value ₹10 each. The company is engaged in the retail sale of diamond jewellery, including solitaires, gold, and silver jewellery, primarily through its boutique in Chandigarh.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,24,400 |
| bNII (min) | 9 | 3,600 | ₹11,19,600 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 6 Nov, 10:00 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Diamond & Jewellery |
| Price band | ₹296–311 |
| Final issue price | ₹311.00 |
| Face value | ₹10 per share |
| Lot size | 400 shares |
| Minimum investment | ₹1,24,400 |
| Issue size | ₹42.00 Cr |
| Market cap at upper band | ₹136 Cr |
| P/E at upper band | 10.0x |
| Registrar | BIGSHARE SERVICES PRIVATE LIMITED |
| Lead managers | Wealth Mine Networks Limited |
| NSE symbol | OMARA |
| ISIN | INE1IA801011 |
Shareholder quota and promoter holding
Company & business
Omara Ventures India Limited is a retail jewellery business specializing in diamond jewellery, including solitaires, gold, and silver jewellery. The company operates through its retail boutique in Chandigarh and focuses on curated, design-led jewellery collections. Its business model centers on in-house product conceptualization, design development, and retail merchandising, with manufacturing outsourced to partners. The company emphasizes quality, certification, and customer-centric retail experiences, offering personalized services and custom designs. It is currently expanding its retail infrastructure and brand presence.
Objects of the issue — how the money will be used
- Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique (₹2 Cr)
- Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of our flagship brand, “OMARA” (₹2 Cr)
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by our Company from bank and financial institutions (₹18 Cr)
- Funding the long-term working capital requirements of our Company (₹10 Cr)
- General Corporate Purposes
Key strengths
- Experienced Promoters and Management Team
- Diversified Product Portfolio
- Customization as per Customer Needs
- Leveraging the Experience of our Promoter
- Well established relationship with our artisans
- Commitment to quality and hallmarked jewellery assurance
Key risks
- Dependent on suppliers for raw materials; any shortfall or cost increase could adversely affect business.
- Dependent on maintaining relationships with existing customers and attracting new ones.
- Significant portion of sales generated from Chandigarh; adverse developments in this region could impact revenue.
- High concentration in Solitaire and Diamond Jewellery segment; reduction in demand could affect performance.
- Substantial inventory levels and prolonged holding periods may affect working capital and cash flows.
- Absence of BIS registration for sales outlet for a certain period (Sept 2022 to April 2026) may lead to regulatory action.
- Delays and discrepancies in statutory records and filings in the past.
- Negative cash flows from operating and investing activities in the past.
Promoters
Mr. Samarth Jaiswal, Mrs. Ishani Mehta Jaiswal
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 23.19 | -- | 0.31 | 26.44 | 0.43 | 11.25 |
| FY25 | 23.52 | -- | 2.73 | 29.46 | 3.16 | 13.95 |
| FY26 | 45.87 | -- | 9.37 | 47.25 | 12.52 | 22.43 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Omara Ventures India this issue | 45.9 | 31.11 | 10.0x | 74.78 | 41.61 |
| BlueStone Jewellery and Lifestyle Ltd | 2,436.4 | 1.10 | 763.3 | 0.73 | 118.44 |
| PNGS Reva Diamond Jewellery Limited | 439.0 | 28.41 | 18.1 | 12.55 | 162.53 |
| PN Gadgil Jewellers Limited | 1,064.1 | 29.55 | 20.8 | 20.88 | 144.63 |
| Advit Jewels Limited | 167.0 | 10.74 | 23.8 | 37.14 | 28.93 |
This issue is priced at 10.0x P/E against a peer median of 22.3x: a discount of 55%. A measurement, not a verdict.
Other Diamond & Jewellery IPOs
Same sector, listed just before and after this one, with their listing-day change.
M. K. Sons Fine Jewels LimitedMKSONS · BSE, NSE · Mainboard · Diamond & Jewellery+0.0%4 Nov
Nityas Gems & JewelleryNITYAS · BSE, NSE · Mainboard · Diamond & Jewellery+12.0%8 Oct
Deepa JewellersDEEPA · BSE, NSE · Mainboard · Diamond & Jewellery+9.8%8 Sep
Augmont EnterprisesAUGMONT · BSE, NSE · Mainboard · Diamond & Jewellery+15.2%31 Aug
Shankesh JewellersSHANKESH · BSE, NSE · Mainboard · Diamond & Jewellery+2.0%25 Aug
Lalithaa Jewellery MartLALITHAA · BSE, NSE · Mainboard · Diamond & Jewellery+23.6%24 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.