GMP IPO Watch
Omara Ventures India IPO: Latest Update
Omara Ventures India IPO is currently open for subscription and will remain available until October 5, 2026. The company is raising up to ₹41.99 crore through a book-built SME issue, with the shares proposed to be listed on the BSE SME platform.
The IPO has a price band of ₹296 to ₹311 per share and a lot size of 400 shares. Investors applying under the retail category are required to bid for a minimum of two lots, or 800 shares, making the minimum application amount ₹2,48,800 at the upper price band.
Omara Ventures India IPO Details
| Particular | Details |
|---|---|
| IPO Name | Omara Ventures India IPO |
| IPO Type | SME IPO |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Price Band | ₹296 – ₹311 |
| Face Value | ₹10 |
| Lot Size | 400 Shares |
| Minimum Retail Bid | 800 Shares / 2 Lots |
| Minimum Retail Investment | ₹2,48,800 |
| Issue Size | ₹41.99 Crore |
| Fresh Issue | ₹41.99 Crore |
| OFS | Nil |
| Issue Type | Book Built |
| Listing Platform | BSE SME |
| Allotment | 6 October 2026 |
| Refund | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing Date | 8 October 2026 |
| Registrar | Bigshare Services |
| Lead Manager | Wealth Mine Networks |
The issue comprises 13.50 lakh shares and is entirely a fresh issue. A portion of the issue is reserved for the market maker.
Omara Ventures India IPO GMP Today
The latest available GMP data shows the Omara Ventures India IPO GMP at ₹0. InvestorGain reported the GMP at ₹0 as of October 1, while another tracker also currently shows no grey-market premium.
At a GMP of ₹0 and the upper issue price of ₹311, the unofficial implied price would remain around ₹311. However, GMP is an unofficial and unregulated indicator and does not guarantee the actual listing price.
Omara Ventures India IPO Subscription Status
Subscription activity has increased through the first three days of bidding. The latest Day 3 report shows the IPO at approximately 0.75x overall subscription, with the QIB category fully subscribed while retail participation remained comparatively lower.
Earlier Day 2 data showed overall subscription of 0.69x, with QIBs at 1x and NII at around 1.06x.
| Category | Latest Reported Status |
|---|---|
| QIB | Around 1.00x |
| NII | Around 1.06x |
| Retail | Around 0.16x |
| Total | Around 0.75x |
The final subscription numbers can change during the remaining bidding period, with the IPO scheduled to close on October 5.
About Omara Ventures India
Omara Ventures India was incorporated in 2020 and operates in the retail jewellery sector under the OMARA brand.
The company focuses on designer jewellery, particularly diamond jewellery, along with gold, platinum and silver products. Its portfolio includes bridal jewellery, wedding sets, festive jewellery, special-occasion pieces and contemporary daily-wear products.
The company operates primarily from the Chandigarh region and follows a boutique-led retail model, where customers can receive personalised assistance and discuss customised jewellery requirements.
Omara Ventures India Jewellery Business
The company's business is focused on the direct retail sale of premium jewellery. Its product portfolio includes:
- Diamond jewellery
- Gold jewellery
- Bridal and wedding jewellery
- Festive and occasion jewellery
- Contemporary daily-wear jewellery
- Silver coins
- Jewellery made with precious and semi-precious gemstones
- Customised jewellery designs
The company has relationships with jewellery artisans and suppliers to support its customised product offering.
A significant part of the business is linked to diamond and solitaire jewellery, making product mix, inventory levels and customer demand important factors in its operations.
Omara Ventures India Retail Model
Omara Ventures operates through a designer jewellery retail model rather than a large chain of stores.
Its boutique approach allows customers to view curated collections and discuss customised jewellery requirements. The company also focuses on personalised consultations for bridal and special-occasion purchases.
The retail model gives Omara a direct connection with customers, while the proposed expansion and renovation of its jewellery boutique are among the stated uses of the IPO proceeds.
IPO Fund Utilisation
The entire issue is structured as a fresh issue, meaning the funds raised are intended for the company's business requirements.
According to the disclosed IPO objects, the proceeds are planned for boutique expansion and renovation, marketing, working capital and repayment or prepayment of borrowings.
| Purpose | Amount |
|---|---|
| Boutique Renovation & Expansion | ₹2 Crore |
| Marketing & Promotional Expenses | ₹2 Crore |
| Repayment / Prepayment of Borrowings | ₹18 Crore |
| Long-Term Working Capital | ₹10 Crore |
| General Corporate Purposes | ₹9.99 Crore |
Debt repayment represents the largest specific allocation from the IPO proceeds.
Omara Ventures India Financial Performance
The company's financial results have shown significant growth between FY2024 and FY2026.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹23.19 Crore | ₹0.31 Crore |
| FY2025 | ₹23.52 Crore | ₹2.73 Crore |
| FY2026 | ₹45.87 Crore | ₹9.37 Crore |
For FY2026, revenue increased to approximately ₹45.87 crore and profit after tax reached ₹9.37 crore. The company also reported net worth of ₹12.52 crore and borrowings of ₹22.43 crore as of March 31, 2026.
The financial data indicates that FY2026 was a significantly stronger year for the business compared with the previous two financial years.
Omara Ventures India Profitability Metrics
The company's FY2026 financial indicators include a reported ROE of 74.78%, ROCE of 85.38%, and PAT margin of 20.42%. Debt-to-equity stood at approximately 1.79x.
These ratios should be read alongside the company's relatively small scale, inventory requirements and borrowings when examining the financial position.
Promoter Shareholding
Promoters Samarth Jaiswal and Ishani Mehta Jaiswal held approximately 99.99% of the company before the IPO.
Following the issue, promoter holding is expected to fall to approximately 69.03%.
The change will increase the public shareholding of the company after its SME-market listing.
Omara Ventures India IPO Reservation
The IPO includes allocations for qualified institutional buyers, non-institutional investors, retail investors and the market maker.
| Investor Category | Shares Offered |
|---|---|
| QIB | 2,56,400 |
| NII | 5,12,800 |
| Retail | 5,12,800 |
| Market Maker | 68,000 |
| Total | 13,50,000 |
The NII and retail portions each represent 37.98% of the total issue, while the QIB portion represents 18.99%.
Omara Ventures India IPO Investment Size
At the upper price band of ₹311, one lot of 400 shares has a value of ₹1,24,400. However, the current SME application structure requires retail investors to apply for a minimum of two lots, or 800 shares, making the minimum retail application ₹2,48,800.
| Investor Category | Minimum Lots | Shares | Amount at ₹311 |
|---|---|---|---|
| Retail | 2 | 800 | ₹2,48,800 |
| S-HNI | 3 | 1,200 | ₹3,73,200 |
| B-HNI | 9 | 3,600 | ₹11,19,600 |
Omara Ventures IPO Timeline
The current IPO schedule places the closing date on October 5, followed by allotment on October 6 and the proposed BSE SME listing on October 8.
| Particular | Date |
|---|---|
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Allotment | 6 October 2026 |
| Refund Initiation | 7 October 2026 |
| Shares Credited | 7 October 2026 |
| Listing | 8 October 2026 |
Omara Ventures IPO: Key Business Factors
Omara Ventures' IPO story is linked to its designer jewellery retail business and the expansion of its existing boutique operations.
The company plans to use IPO proceeds not only for business expansion and marketing but also for reducing borrowings and meeting long-term working-capital requirements.
At the same time, the company's operations have exposure to jewellery inventory requirements, supplier relationships and fluctuations in the cost of precious metals and diamonds. Its business is also geographically concentrated around the Chandigarh market.
Omara Ventures IPO: What to Watch
With the IPO moving into its final bidding sessions, the key data points to follow are the final category-wise subscription, any changes in GMP and the allotment outcome.
The latest Day 3 subscription figure of around 0.75x indicates that the issue had not yet reached full overall subscription at that point, although QIB bidding had reached the reserved quantity.
The grey-market picture is also currently limited, with the latest reported GMP at ₹0. Because GMP is unofficial, any subsequent movement should be treated separately from the company's official IPO pricing and exchange listing process.
Omara Ventures India IPO Closing Update
Omara Ventures India is raising approximately ₹41.99 crore through its SME IPO, with the shares proposed to list on BSE SME. The company operates under the OMARA brand and focuses on designer diamond and precious-metal jewellery through its retail boutique model.
The company's FY2026 revenue stood at approximately ₹45.87 crore, while PAT was ₹9.37 crore. IPO proceeds are planned for boutique expansion, marketing, debt repayment, working capital and general corporate purposes.
As of the latest Day 3 update, the IPO subscription stood at around 0.75x, while the latest reported GMP remained at ₹0. The issue is scheduled to close on October 5, 2026, with allotment expected on October 6 and the proposed BSE SME listing on October 8.
