Omara Ventures India Files RHP for ₹41.99 Crore BSE SME IPO After FY26 Profit Surges to ₹9.37 Crore

Chandigarh-based luxury designer jewellery maker Omara Ventures India Limited has filed its offer documents to tap the primary markets with a ₹41.99 crore initial public offering (IPO) on the BSE SME platform. The company operates under its flagship brand "OMARA" and is looking to capitalize on robust domestic consumer demand for branded luxury and occasion jewellery.

Issue Details and Timeline

The issue consists entirely of a fresh issue of up to 13,50,000 equity shares with a face value of ₹10 each. The company has set a price band of ₹296 to ₹311 per share, aiming to raise up to ₹41.99 crore at the upper end of the band.

Key IPO dates and structure:

• Issue Opens: September 30, 2026
• Issue Closes: October 5, 2026
• Basis of Allotment: October 6, 2026
• Tentative Listing Date: October 8, 2026 on the BSE SME platform
• Lot Size: 400 equity shares

Wealth Mine Networks Private Limited is acting as the lead manager to the issue, while Bigshare Services Private Limited has been appointed as the registrar.

Objects of the Issue

The net proceeds from the fresh capital raise are earmarked for balance-sheet strengthening and growth capital.

Fund deployment breakdown:

• ₹18 crore allocated toward full or partial repayment/prepayment of outstanding bank borrowings.
• ₹10 crore earmarked to support long-term working capital requirements.
• ₹2 crore set aside for the expansion and renovation of the company's jewellery boutique.
• ₹2 crore dedicated to brand promotion and marketing activities to increase visibility for the "OMARA" brand.
• The remaining amount is directed toward general corporate purposes.

Financial Track Record

Omara Ventures India has demonstrated sharp top-line and bottom-line expansion ahead of its market debut.

For the financial year ended March 31, 2026 (FY26), the company's revenue from operations rose nearly 95% to ₹45.87 crore, compared to ₹23.52 crore recorded in FY25. Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) expanded to over ₹14 crore from ₹4.87 crore in the prior fiscal. Net profit after tax (PAT) jumped more than threefold to ₹9.37 crore in FY26, up sharply from ₹2.73 crore in FY25.

Business Operations

Incorporated in October 2020, Omara Ventures India operates within the premium designer jewellery market. The company's portfolio features curated jewellery sets crafted with natural diamonds, precious and semi-precious gemstones, gold, platinum, and silver. Its product lines cater to bridal, festive, and everyday luxury requirements. The company targets discerning consumers through limited-edition designs and custom bespoke jewellery, retailing primarily out of its boutique and specialty customer channels.

Tags: Omara Ventures India BSE SME IPO Gems and Jewellery SEBI