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InvestmentsIPOOmara Ventures IPO

Omara Ventures IPO

SME

Open Date

30 Sep 2026

Close Date

5 Oct 2026

Min Investment

₹ 2,36,800

Lot Size

400

Issue Size

₹ 41.98 Cr

Price Range

₹ 296 - ₹ 311

Subscribed

0.53 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
30 Sep 2026
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IPO Offer Ends
5 Oct 2026
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Allotment Finalisation
6 Oct 2026
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Refund Initialisation
7 Oct 2026
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Non-Institutional Buyers (sHNI)
7 Oct 2026
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Listing of Shares
8 Oct 2026
IPO Subscription Details as on 1 Oct 2026, 05:30 AM
Qualified Instituational Buyers (QiB)
0.25 x
Retail
0.05 x
Total
0.53 x
Non-Institutional Buyer (bHNI)
1.65 x
Non-Institutional Buyer (sHNI)
0.16 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Omara Ventures India Limited is a retail jewellery business incorporated in 2020, engaged in selling diamond jewellery made using natural diamonds, precious and semi-precious gemstones set in gold, platinum, and silver, marketed under the brand 'Omara'. The company operates through a single retail boutique in Chandigarh, offering a curated portfolio including necklaces, earrings, rings, and bracelets catering to weddings, festive occasions, and daily wear. The business model is centred on in-house product conceptualisation and design development, with manufacturing outsourced to product development and supply partners per approved specifications. Products are supported by BIS hallmarking and GIA diamond certifications, with total revenue growing from Rs. 2,319.36 lakhs in FY2024 to Rs. 4,587.35 lakhs in FY2026.
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Founded In

2020

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Director

Mrs. Ishani Mehta Jaiswal

Financials of Omara Ventures India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue23.1923.5245.87
Other Income0.000.000.00
Total Income
23.1923.5245.87
Total Expenses
22.7719.8533.13
Profit Before Tax0.423.6712.74
Total Profit
0.312.739.37

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize a portion of the Net Proceeds towards funding capital expenditure requirements for the renovation, expansion and establishment of a jewellery Boutique at SCO 162-163, Sector 9-C, Madhya Marg, Chandigarh, under the 'Omara' brand to strengthen retail infrastructure and enhance customer experience.2
The company intends to utilize a portion of the Net Proceeds towards marketing and promotional activities including branding, print media, magazine, digital and outdoor promotional initiatives to enhance local brand awareness, visibility and customer recall of its flagship brand 'Omara' in Chandigarh and select markets.2
The company proposes to utilize a portion of the Net Proceeds towards full or partial repayment or prepayment of outstanding borrowings availed from banks and financial institutions, including term loans, business loans and cash credit facilities, to reduce indebtedness and improve the debt-to-equity ratio.18
The company proposes to utilize a portion of the Net Proceeds towards meeting its long-term working capital requirements, primarily to support inventory procurement, replenishment of diamonds and precious metals, and operational needs in connection with the proposed expansion of the Jewellery Boutique.10
The company proposes to deploy the balance Net Proceeds towards general corporate purposes including acquisition of fixed assets, funding growth opportunities, strategic initiatives, brand building, administration, insurance, marketing, repairs and maintenance, payment of taxes and duties, subject to applicable regulatory limits.-
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  • Curated and Design-Led Jewellery Portfolio: The company offers a curated portfolio of diamond jewellery including necklaces, earrings, rings, and bracelets, catering to weddings, festive occasions, and daily wear across varied price segments. Selectively introduced designs and curated collections are maintained to preserve the premium character of the 'Omara' brand.
  • In-House Product Conceptualisation and Design Focus: The company's business model is centred around in-house product conceptualisation, design development, customer preference analysis, and retail merchandising, enabling control over product aesthetics and brand positioning. This design-led approach allows jewellery reflecting craftsmanship, elegance, and contemporary customer expectations to be offered.
  • Emphasis on Quality, Certification and Product Authenticity: Quality assurance is applied across all stages including sourcing, product development, finishing, and retail sale, supported by BIS hallmarking and diamond grading/certification from recognised laboratories such as GIA. Each jewellery product is embossed with the 'Omara' logo to support brand identification and customer recall.
  • Customer-Centric Retail Experience: The company provides a refined and personalised jewellery buying experience through retail boutique interactions, private consultations, customisation services, private viewings, and curated brand events. This relationship-led service approach is aimed at building customer trust and strengthening repeat business and referrals.
  • Strong Brand Visibility and Marketing Presence: The 'Omara' brand is promoted through curated client experiences, print and digital media, exhibitions, and private events, with each jewellery product embossed with the brand logo to reinforce authenticity. The company's website and social media presence further support brand visibility by showcasing collections and bespoke services.
  • Established Retail Boutique and Operational Infrastructure: The company's retail boutique in Chandigarh is equipped with IT-enabled inventory systems, barcode-based tracking, CCTV surveillance, access control, and secure display and storage facilities. These systems support operational control, inventory monitoring, and risk management for high-value jewellery products.
  • Experienced Promoters and Management Support: The company is supported by its Promoters, Mr. Samarth Jaiswal and Mrs. Ishani Mehta Jaiswal, whose understanding of the gems and jewellery industry, customer-oriented approach, and management capabilities have contributed to business growth and brand development. Their product sensibility has aided in strengthening customer relationships and overall governance.

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