September 30, 2026: Omara Ventures India Limited, which operates the designer jewellery brand OMARA, opened its Initial Public Offering (IPO) today. The issue will remain open for subscription until October 5, 2026.
The company has filed its Red Herring Prospectus (RHP) for the IPO, which comprises up to 13.50 lakh equity shares and will aggregate up to ₹41.99 crore at the upper price band. The issue is proposed to be listed on the BSE SME platform.
The IPO carries a price band of ₹296 to ₹311 per equity share. The minimum lot size is 400 equity shares, with a minimum application of 2 lots, or 800 equity shares.
The article covers the company's business, financial performance, issue structure and proposed utilisation of funds.
What Does Omara Ventures India Do?
Omara Ventures India operates in the designer jewellery segment under the OMARA brand.
The company offers jewellery made using natural diamonds, precious and semi-precious gemstones and precious metals including gold and silver.
Its product range includes:
Rings
Earrings
Necklaces
Bracelets
Other jewellery products
The company offers jewellery for bridal, occasion and everyday use, with products featuring contemporary designs and craftsmanship.
Financial Performance
The company's revenue increased from ₹23.52 crore in FY25 to ₹45.87 crore in FY26.
EBITDA increased from ₹4.87 crore to ₹14.42 crore, while PAT increased from ₹2.73 crore to ₹9.36 crore during the same period.
Omara IPO: Key Issue Details
The IPO comprises up to 13.50 lakh equity shares and will aggregate up to ₹41.99 crore at the upper price band.
The price band is ₹296 to ₹311 per equity share, while the minimum lot size is 400 equity shares. The minimum application is 2 lots, or 800 equity shares.
At the upper end of the price band, the minimum application value would be ₹2,48,800, before applicable charges.
The issue is proposed to be listed on the BSE SME platform.
Where Will the IPO Proceeds Be Used?
According to the RHP, the company proposes to deploy the IPO proceeds towards several business requirements.
These include:
Renovation and expansion of the jewellery boutique
Marketing and promotional activities
Repayment/prepayment of borrowings
Long-term working capital requirements
General corporate purposes
Why the RHP Matters
The RHP contains the company's disclosures relating to its business, financial performance, risk factors, objects of the issue, capital structure and other information relevant to the public issue.
IPO at a Glance
Particulars | Details |
Company | Omara Ventures India Limited |
Brand | OMARA |
RHP Date | September 22 2026 |
Issue Size | Up to ₹41.99 Crore |
Issue Opening Date | September 30 2026 |
Issue Closing Date | October 5 2026 |
Price Band | ₹296 – ₹311 per Equity Share |
Minimum Bid Lot | 400 Equity Shares |
Minimum Application | 2 Lots / 800 Equity Shares |
Minimum Application at Upper Band | ₹248800 |
Platform | BSE SME |
The Omara Ventures India IPO opened for subscription on September 30, 2026, and will close on October 5, 2026. The RHP contains detailed disclosures relating to the issue, the company's business, financial information, risk factors and objects of the issue.
Disclaimer: The contents herein above shall not be considered as an invitation or persuasion to trade or invest. Wealth Mine Networks Limited and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. For further information and risk Factors please refer to the Red Herring Prospectus filed with BSE SME.
Disclaimer: The information provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Readers should not rely on this content to make investment decisions. We strongly recommend consulting with a licensed financial advisor or conducting your own due diligence before making any financial commitments.
