The Omara Ventures India SME IPO is opening for subscription on September 30, 2026. The company operates in the jewellery retail business and sells designer diamond jewellery under its OMARA brand. The IPO will remain open until October 5, with the shares proposed to be listed on the BSE SME platform on October 8, 2026.
Omara Ventures focuses on jewellery made with natural diamonds and precious and semi-precious gemstones set in metals such as gold, platinum and silver. Its product range is aimed at customers looking for jewellery for weddings, occasions, festivals and everyday use.
For readers following Upcoming IPO in India, SME IPO List, IPO GMP Today and IPO allotment updates, newipo.info can be used as an easy source for IPO-related information and updates.
Omara Ventures India IPO Details
| Particular | Details |
|---|---|
| Company Name | Omara Ventures India Limited |
| IPO Type | SME IPO |
| Issue Type | Book Built Issue |
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Price Band | ₹296 – ₹311 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹41.99 crore |
| Fresh Issue | ₹41.99 crore |
| Lot Size | 400 shares |
| Retail Minimum | 2 lots / 800 shares |
| Minimum Investment | ₹2,48,800 |
| Listing Exchange | BSE SME |
| Allotment Date | October 6, 2026 |
| Refund / Demat Credit | October 7, 2026 |
| Tentative Listing Date | October 8, 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Wealth Mine Networks Ltd. |
At the upper price band of ₹311, one lot of 400 shares represents an application value of ₹1,24,400. Available issue information indicates that retail investors need to apply for a minimum of two lots, making the minimum application amount ₹2,48,800.
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 47.25 | 29.46 | 26.44 |
| Total Income | 45.87 | 23.52 | 23.19 |
| Profit After Tax | 9.37 | 2.73 | 0.31 |
| EBITDA | 14.43 | 4.87 | 1.84 |
| NET Worth | 12.52 | 3.16 | 0.43 |
| Reserves and Surplus | 9.51 | 3.15 | 0.42 |
| Total Borrowing | 22.43 | 13.95 | 11.25 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP (₹) | Face Value (₹) |
|---|---|---|---|
| Omara Ventures India Limited | 10.0 | 311.0 | 10 |
| BlueStone Jewellery and Lifestyle Ltd | 763.27 | 839.6 | 1 |
| PNGS Reva Diamond Jewellery Limited | 18.05 | 512.7 | 10 |
| PN Gadgil Jewellers Limited | 20.75 | 613.2 | 10 |
| Advit Jewels Limited | 23.82 | 255.83 | 10 |
Source: RHP, Current Market Price (CMP) and PE ratio is taken at the closing price of peer group scrips as on 15th September, 2026. Company P/E ratio and CMP is as per upper price band of the issue.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Omara Ventures India Limited | 41.61 | 74.89% | 31.11 |
| BlueStone Jewellery and Lifestyle Ltd | 118.44 | 0.73% | 1.1 |
| PNGS Reva Diamond Jewellery Limited | 162.53 | 12.55% | 28.41 |
| PN Gadgil Jewellers Limited | 144.63 | 20.88% | 29.55 |
| Advit Jewels Limited | 28.93 | 37.14% | 10.74 |
About Company
Incorporated in October 2020, Omara Ventures India Limited is a retail jewellery company operating under the “Omara” brand. The company primarily serves B2C customers through its retail boutique and specialises in diamond jewellery made using natural diamonds and precious and semi-precious gemstones, set in gold, platinum and silver.
The company offers a curated portfolio of necklaces, earrings, rings, bracelets and other jewellery products. Its collections cater to weddings, special occasions, festivals and contemporary daily wear, covering different customer preferences, age groups and price points while combining traditional elegance with contemporary designs.
Omara’s business model covers in-house product conceptualisation, design development, customer preference analysis, product curation and retail merchandising. It has entered into a product development and supply arrangement with a partner that manufactures and supplies jewellery based on Omara’s approved designs, specifications and quality standards. The company also provides customisation services for customers seeking personalised jewellery.
The company follows a curated product philosophy, with selected designs produced in limited quantities to maintain exclusivity and design distinctiveness. Each jewellery product carries the “Omara” logo or brand insignia, while applicable quality certifications include BIS hallmarking for precious metals and diamond grading or certification from recognised gemological laboratories such as GIA, wherever applicable.
As of June 30, 2026, Omara had 17 employees across directors, KMP and senior management, accounts, sales and marketing, product and operations, and sales and operational support functions.
Strengths
Curated & Design-Led Portfolio: Omara follows a curated product philosophy focused on select designs and limited quantities. Its portfolio covers wedding, festive, special occasion and contemporary daily-wear jewellery across different price points.
Experienced Promoters & Management: The company is supported by experienced promoters and management, providing capabilities across product development, retail operations, sales and marketing, and business management.
Customer-Centric Retail Experience: Omara focuses on understanding customer preferences and offers customised jewellery based on individual requirements and occasions. Its retail model combines curated collections with personalisation services.
Risk Factors
Dependence on Raw Material Suppliers: The company depends on suppliers for the uninterrupted availability of raw materials. Shortages or increases in raw material and other input costs could affect product pricing, supply and the company's business and financial performance.
Customer Retention & Acquisition: The company's business depends on maintaining relationships with existing customers and attracting new customers. Loss of customer relationships or a significant reduction in purchases by one or more customers could adversely affect its financial performance.
Geographic Concentration: A major portion of the company's sales is generated from operations in certain geographical regions, particularly Chandigarh. Adverse developments affecting these markets could negatively impact revenue and results of operations.
Omara Jewellery Business
The jewellery industry is highly dependent on customer preferences, disposable income, gold and diamond prices and changing fashion trends. For a designer jewellery retailer, maintaining a distinctive product range and building customer trust can be important for attracting repeat business.
Omara operates through its jewellery boutique and focuses on designer products. The company's business model is based around retail sales rather than manufacturing being the only source of revenue.
Its focus on natural diamond jewellery places it in a segment where product design, quality, pricing and customer experience can influence purchasing decisions.
Omara Ventures IPO Price Band and Lot Size
The IPO price band has been fixed at ₹296 to ₹311 per equity share. The face value of each share is ₹10. The lot size is 400 shares.
At the upper price of ₹311, one lot costs ₹1,24,400. However, the minimum retail application is reported as two lots, or 800 shares, taking the minimum application amount to ₹2,48,800.
The relatively large minimum application amount is an important factor to consider when looking at an SME IPO. Investors should also check the final exchange and issue documents before applying.
Omara Ventures IPO Issue Size
The company is raising approximately ₹41.99 crore through the IPO. The issue consists of a fresh issue of equity shares, with no offer for sale reported in the current issue structure.
According to available IPO information, the money raised is planned to be used for several business purposes. These include renovation and expansion of the jewellery boutique, marketing and promotional activities, repayment or prepayment of borrowings, working capital and general corporate purposes.
The proposed use of funds gives investors an idea of how the company intends to use the capital raised from the public.
How Will Omara Use IPO Funds?
One of the key objectives is to fund the renovation and expansion of the jewellery boutique. The company also plans to spend on marketing and promotional activities to improve awareness of the OMARA brand.
Another portion of the proceeds is intended for repayment or prepayment of borrowings. The company also plans to use funds for long-term working capital requirements.
Working capital can be important for a jewellery retailer because inventory represents a significant part of the business. The ability to manage inventory, cash flow and customer demand can have a direct effect on the company's operations.
Omara Ventures India IPO GMP
The Grey Market Premium (GMP) is an unofficial indicator followed by some IPO investors before a stock begins trading on the exchange.
Current available tracking data has shown the Omara Ventures India IPO GMP at around ₹0.
GMP should not be confused with the official market price. It is not determined by NSE or BSE and can change during the IPO period. It also does not guarantee what the shares will actually trade at after listing.
Therefore, investors should consider GMP only as one piece of information and look at the company's business, financial performance, valuation and risks before making a decision.
Omara Ventures India Financial Performance
Available IPO information shows that the company reported revenue of approximately ₹23.52 crore in FY2025, which increased to around ₹45.87 crore in FY2026. Profit also increased from approximately ₹2.73 crore to ₹9.37 crore over the same period.
The improvement in revenue and profit is an important part of the company's recent financial story. However, one or two years of growth should not be considered in isolation. Investors should review the complete financial statements, cash flows, borrowings, margins and working-capital position in the offer documents.
Omara Ventures IPO Allotment and Listing Date
The IPO is scheduled to close on October 5, 2026. The basis of allotment is expected to be finalised on October 6.
Refunds and share credit are scheduled for October 7, while the tentative listing date is October 8, 2026. The proposed listing is on the BSE SME platform.
IPO schedules can change due to market or regulatory processes, so investors should confirm the final timetable through the registrar or exchange.
What Investors Should Check
Before applying for the Omara Ventures India SME IPO, investors may want to examine the company's financial performance, valuation and business model.
The jewellery sector can be affected by changes in gold and diamond prices, consumer spending and economic conditions. Customer preferences can also change quickly, making product selection and brand positioning important.
The company is also planning to use part of the IPO proceeds for boutique expansion and marketing. Investors can follow how effectively these investments contribute to revenue and profitability in the future.
Another point is the minimum investment. With a reported retail minimum of ₹2,48,800, investors should consider whether they are comfortable committing this amount to an SME-listed company.
SME stocks may also have different liquidity characteristics compared with mainboard stocks. Understanding the trading structure and associated risks is therefore important.
Omara Ventures India IPO – Key Points
The Omara Ventures India SME IPO represents the public-market debut of a jewellery retailer focused on designer diamond jewellery.
The company is offering shares in the price band of ₹296–₹311, with an issue size of approximately ₹41.99 crore. The IPO opens on September 30 and closes on October 5, 2026. The tentative BSE SME listing date is October 8.
The company plans to use the IPO proceeds for boutique expansion, marketing, debt repayment, working capital and general corporate purposes.
For people looking for IPO GMP Today, Upcoming IPO in India, SME IPO List and allotment information, newipo.info can provide IPO-related updates in a straightforward format.
Conclusion
Omara Ventures India SME IPO brings a jewellery retail business to the SME market with a focus on designer diamond jewellery and the OMARA brand. The company has reported growth in revenue and profit, while the IPO funds are planned for boutique expansion, marketing, debt-related requirements and working capital.
At the same time, investors should look beyond the IPO price and GMP. Jewellery prices, consumer demand, inventory management, competition, valuation and the characteristics of SME-listed shares are all worth considering.
The IPO is scheduled to open on September 30 and close on October 5, 2026, with a tentative BSE SME listing on October 8. Investors should read the official offer documents carefully and understand the risks before applying.
Disclaimer: This article is for informational and educational purposes only. It is not investment advice or a recommendation to buy or sell any security. IPO details, dates and market indicators can change, so readers should verify the latest information from official sources before making an investment decision.