Omara Ventures India IPO Opens 2026: SME Dates, Price Band & Lot Size

29 Sep 2026 · 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Omara Ventures India Limited opens its ₹41.99 Cr SME initial public offering on 30 Sep 2026 with a price band of ₹296 to ₹311 per share. Read a complete document-backed breakdown of the issue terms, financials, objects, and risk factors.

Written by the BuyUnlistedShares desk · Published 29 Sep 2026 · Updated 29 Sep 2026

Information only, not investment advice.

Direct answer: The Omara Ventures India IPO opens on 30 Sep 2026 and closes on 05 Oct 2026 on the BSE SME platform. The price band is fixed at ₹296.00 to ₹311.00 per share with a lot size of 400 shares. Verified details and metrics provided by Omara Ventures India on BuyUnlistedShares, backed by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, offer full visibility on this issue.

Omara Ventures India IPO Issue Terms and Timeline

Omara Ventures India Limited has issued its offer document for an initial public offering of 12,82,000 equity shares of face value ₹10.00 each, raising up to ₹41.99 Cr. The offer includes a fresh issue component of ₹39.87 Cr (12,82,000 equity shares) with no offer for sale element listed in the filing. Bidding opens on 30 Sep 2026 and closes on 05 Oct 2026, with listing proposed on the BSE SME platform.

The share reservation is structured with not more than 50% for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors. The market maker reservation is fixed at 68,000 equity shares. Retail investors can bid for a minimum of 400 shares requiring an application value of ₹2,48,800, with a maximum retail order cap of 800 shares. Small NII (sNII) and Big NII (bNII) minimum bidding limits start at 1,200 shares.

As per the issue schedule, the allotment finalisation is scheduled for 06 Oct 2026, initiation of refunds and credit of demat shares on 07 Oct 2026, and the listing date is 08 Oct 2026. Wealth Mine Networks Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. serves as the registrar to the issue. Promoters Samarth Jaiswal and Ishani Mehta Jaiswal currently hold 99.99% of pre-issue capital, which will dilute to 69.03% post-issue.

Business Profile and Operations

Omara Ventures India Limited operates in the retail jewellery sector, specializing in diamond jewellery created with natural diamonds, precious and semi-precious gemstones, and precious metals such as gold, platinum, and silver. The company markets its products under the flagship brand name "Omara" and primarily serves business-to-consumer (B2C) customers through its dedicated retail boutique in Chandigarh.

The product collection features necklaces, earrings, rings, bracelets, and other adornments covering bridal and wedding collections, festive designs, special occasion pieces, and everyday wear across varied price segments. The company follows an operating model focused on product conceptualisation, design development, customer trend analysis, curation, and retail merchandising. Jewellery manufacturing is carried out through a dedicated product development and supply partner according to designs and specifications approved by the company.

Products sold carry relevant quality certifications, including BIS hallmarking for precious metals and diamond grading from gemological institutions such as the Gemological Institute of America (GIA) where applicable. Each item features item-wise barcode tracking and bears the "Omara" brand insignia. As of 30 Jun 2026, the company employed a total workforce of 17 personnel across management, operations, sales, and support functions.

Financial Performance and Key Ratios

The company's restated financial statements demonstrate revenue growth across the three financial years ending 31 Mar 2026. Total income expanded from ₹23.19 Cr in FY24 to ₹23.52 Cr in FY25, and further to ₹45.87 Cr in FY26. EBITDA moved from ₹1.84 Cr in FY24 to ₹4.87 Cr in FY25 and ₹14.43 Cr in FY26. Profit After Tax (PAT) stood at ₹0.31 Cr in FY24, ₹2.73 Cr in FY25, and reached ₹9.37 Cr in FY26.

The company's asset base grew from ₹26.44 Cr in FY24 to ₹47.25 Cr as of 31 Mar 2026, while Net Worth expanded from ₹0.43 Cr to ₹12.52 Cr over the same period. Total borrowings stood at ₹22.43 Cr as of 31 Mar 2026 compared to ₹11.25 Cr in FY24.

The financial trends chart above shows total income rising to ₹45.87 Cr in FY26 alongside a PAT of ₹9.37 Cr, while total borrowings expanded to ₹22.43 Cr. Investors tracking SME offerings can consult the IPO calendar and Unlisted shares screener maintained by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 for updated schedules and primary market developments.

Key financial ratios as of 31 Mar 2026 include a Return on Net Worth (RoNW) of 74.78%, Return on Capital Employed (ROCE) of 85.38%, EBITDA margin of 31.45%, and PAT margin of 20.42%. The pre-issue EPS is ₹31.11, while the post-issue EPS is estimated at ₹21.48. Based on the upper price band of ₹311, the pre-issue P/E ratio is 10.00x and the post-issue P/E ratio stands at 14.48x against a Net Asset Value (NAV) of ₹41.61 per share and Price-to-Book value of 7.47x. The Debt-to-Equity ratio as of 31 Mar 2026 was 1.79x.

Objects of the Issue and Peer Comparison

The net proceeds from the fresh issue, amounting to ₹32.00 Cr after issue expenses, are proposed to be deployed as follows:

• ₹2.00 Cr for funding capital expenditure towards renovation and expansion of the retail jewellery boutique (against a total estimated quotation cost of ₹2.05 Cr).
• ₹2.00 Cr for marketing and promotional expenses to enhance local brand awareness of "OMARA" across print, digital, magazine, and outdoor channels (against a total quotation cost of ₹2.05 Cr).
• ₹18.00 Cr towards repayment or prepayment, in full or in part, of borrowings availed from banks and financial institutions.
• ₹10.00 Cr for funding long-term working capital requirements.
• Balance amount towards General Corporate Purposes.

The table below presents the peer group comparison as disclosed in the offer document as of 31 Mar 2026:

*Note: Omara Ventures India P/E reflects post-issue price band valuation; peer financials are based on consolidated restated/audited filings as of 31 Mar 2026.

Strengths and Key Risk Factors

The offer document outlines several competitive strengths and key internal risk factors associated with the company's business model:

• Design-Led Portfolio: Focus on curated, limited-quantity diamond jewellery designs rather than mass-market products.
• In-House Conceptualisation: Direct control over design development, pricing, and curation while outsourcing manufacturing.
• Quality Certifications: Use of BIS hallmarking and GIA diamond certification to reinforce consumer trust.
• Geographic Concentration Risk: A major portion of sales and retail operations are concentrated in a single boutique located in Chandigarh.
• Product Category Concentration: Historical reliance on Solitaire and Diamond Jewellery, which contributed 96.31% of product sales in FY24, 89.82% in FY25, and 66.96% in FY26.
• Raw Material Price Fluctuations: Vulnerability to price and supply volatility in diamonds, gold, platinum, and silver.
• Statutory & Regulatory Discrepancies: The RHP notes past non-compliance, delays, and omissions in filing statutory returns, depositing statutory dues, and a period without BIS registration for its sales outlet.

To examine similar primary market developments and corporate filings, investors can read our coverage on the SRIT India IPO: Price Band, Dates, Financials and Business Overview and the Shah Investor's Home IPO: Dates, Price Band, Financials and Key Details.

To submit enquiries regarding upcoming SME offerings or unlisted equity details, contact BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 through our enquiry desk.

Frequently Asked Questions

When does the Omara Ventures India IPO open and close?

The Omara Ventures India IPO opens for subscription on 30 Sep 2026 and closes on 05 Oct 2026 on the BSE SME platform.

What is the price band and lot size for the Omara Ventures India IPO?

The price band is fixed at ₹296.00 to ₹311.00 per share. The minimum application lot size is 400 shares, requiring a minimum retail outlay of ₹2,48,800.

What are the main objects of the issue for Omara Ventures India?

The company plans to deploy net proceeds of ₹32.00 Cr toward boutique renovation and expansion (₹2.00 Cr), brand marketing (₹2.00 Cr), debt repayment (₹18.00 Cr), working capital (₹10.00 Cr), and general corporate purposes.

Is the Omara Ventures India IPO suitable for retail investors?

The desk does not make suitability recommendations or issue investment calls. Prospective investors should evaluate the offer document, financial figures, risk factors, and consult a registered financial advisor.

Who are the promoters and lead managers of Omara Ventures India?

Samarth Jaiswal and Ishani Mehta Jaiswal are the promoters of the company. Wealth Mine Networks Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. is the registrar.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.