Omara Ventures India Opens Rs 41.99 Crore BSE SME IPO in Price Band of Rs 296-311 per Share

Chandigarh-headquartered designer jewellery company Omara Ventures India Limited, the operator of the flagship retail brand OMARA, has entered the primary markets with its initial public offering (IPO) opening for subscription on Wednesday, September 30, 2026. The issue is scheduled to close on Monday, October 5, 2026.

The public offer is proposed to be listed on the BSE SME platform, with shares tentatively set to list on October 8, 2026.

Issue Details and Price Structure

The public offer comprises entirely a fresh issue of up to 13,50,000 equity shares of face value Rs 10 each. The company has fixed a price band of Rs 296 to Rs 311 per equity share, aggregating the total issue size to approximately Rs 41.99 crore at the upper price band.

Wealth Mine Networks is acting as the sole book-running lead manager to the issue.

Key Bidding Specifications:

• Price Band: Rs 296 to Rs 311 per equity share
• Lot Size: 400 equity shares
• Minimum Application Size: 2 lots (800 equity shares), amounting to Rs 2,48,800 at the upper price band
• Issue Closure Date: October 5, 2026
• Proposed Listing Exchange: BSE SME Platform

Objects of the Issue

Omara Ventures India plans to channel the net proceeds of the fresh issue towards strengthening its operational footprint, clearing existing debt, and expanding its reach.

Proposed Utilisation of Funds:

• Debt Management: Approximately Rs 18 crore earmarked for repayment or prepayment of certain borrowings.
• Working Capital: Rs 10 crore to fund long-term working capital requirements.
• Store Expansion: Rs 2 crore to renovate and expand its boutique jewellery retail space.
• Brand Building: Rs 2 crore allocated towards marketing and promotional campaigns for the OMARA brand.
• Corporate Requirements: The remaining capital will be deployed for general corporate purposes.

Business and Financial Overview

Operating primarily out of the Chandigarh region, Omara Ventures India specialises in the design, curation, and retail sale of high-end diamond and gemstone jewellery. Its product line includes bridal, festive, occasion-based, and daily-wear pieces crafted with natural diamonds, precious and semi-precious gemstones, and precious metals including gold, silver, and platinum.

The company's financials demonstrated sharp acceleration leading up to the public offering:

• Revenue from Operations: Surged from Rs 23.52 crore in FY25 to Rs 45.87 crore in FY26.
• Operating EBITDA: Expanded to Rs 14.42 crore in FY26, up from Rs 4.87 crore in FY25.
• Profit After Tax (PAT): Tripled to Rs 9.36 crore in FY26 compared to Rs 2.73 crore in the previous financial year.

With retail demand for hallmarked designer jewellery and bespoke bridal designs continuing to formalise across tier-1 and tier-2 markets in India, the funds from this public issue are expected to provide Omara Ventures the liquidity needed to scale its boutique retail presence and de-leverage its balance sheet.

Tags: Omara Ventures India BSE SME IPO Gems and Jewellery Wealth Mine Networks Primary Market