Omara Ventures India IPO Subscription Update
Omara Ventures India IPO is continuing its subscription on October 2, 2026, after opening on September 30. The IPO will remain open until October 5, with the allotment scheduled for October 6 and the proposed listing on October 8.
The company is raising ₹41.99 crore through a fresh issue of 13.50 lakh equity shares. The price band has been fixed at ₹296–₹311 per share, while the shares are proposed to be listed on the BSE SME platform.
Omara Ventures India IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Price Band | ₹296 – ₹311 |
| Issue Size | ₹41.99 Cr |
| Fresh Issue | 13.50 Lakh Shares |
| Offer for Sale | Nil |
| Face Value | ₹10 |
| Lot Size | 400 Shares |
| Retail Minimum | 800 Shares |
| Minimum Investment | ₹2,48,800 |
| Allotment Date | October 6, 2026 |
| Refund/Demat | October 7, 2026 |
| Listing Date | October 8, 2026 |
| Listing Platform | BSE SME |
| Registrar | Bigshare Services |
| Lead Manager | Wealth Mine Networks |
The IPO is entirely a fresh issue, meaning the funds raised will go to Omara Ventures India for its stated business purposes rather than to selling shareholders.
Omara Ventures India IPO GMP Today
The latest available GMP tracker on October 2 shows ₹0 per share for Omara Ventures India IPO. At the upper issue price of ₹311, the current grey-market indication therefore does not show an unofficial premium.
| Particular | Latest Update |
|---|---|
| Upper IPO Price | ₹311 |
| Current GMP | ₹0 |
| Indicative Price | ₹311 |
| GMP Status | No Premium |
GMP is an unofficial market indicator and can change during the remaining subscription period. It should not be considered a guaranteed indication of the actual listing price.
Omara Ventures India IPO Subscription Status
The latest completed subscription data available for October 1 showed 0.69x overall subscription. QIBs had reached 1.00x, while the NII category stood at 1.07x and retail investors at 0.16x.
| Investor Category | Subscription |
|---|---|
| QIB | 1.00x |
| NII | 1.07x |
| Retail | 0.16x |
| Overall | 0.69x |
Within the NII category, the bHNI portion showed stronger demand, while the sNII portion remained below full subscription in the latest reported figures. The final subscription numbers will be available after bidding closes on October 5.
What Does Omara Ventures India Do?
Omara Ventures India is a designer jewellery retailer operating under the OMARA brand. The Chandigarh-based company specialises in jewellery made using natural diamonds, precious and semi-precious gemstones, gold, platinum and silver. Its products are primarily sold through its retail boutique and are positioned around designer and curated jewellery collections.
The company focuses on curated collections and customised jewellery services, while manufacturing and product development are carried out through supply partners according to the company's designs, specifications and quality standards.
Omara Ventures India Financial Performance
The company has reported significant growth in revenue and profitability over the past three financial years. Revenue from operations increased from ₹23.2 crore in FY2024 to ₹45.9 crore in FY2026, while net profit rose from ₹0.3 crore to ₹9.4 crore during the same period.
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | ₹23.2 Cr | ₹23.5 Cr | ₹45.9 Cr |
| Net Profit | ₹0.3 Cr | ₹2.7 Cr | ₹9.4 Cr |
| Operating Cash Flow | -₹0.1 Cr | -₹0.8 Cr | -₹6.7 Cr |
| Free Cash Flow | -₹0.1 Cr | -₹1.9 Cr | -₹7.0 Cr |
While revenue and reported profit increased sharply in FY2026, the company's operating cash flow remained negative. Working-capital requirements are therefore an important part of the company's financial profile.
Where Will Omara Ventures IPO Funds Be Used?
The company plans to deploy the IPO proceeds toward expansion of its jewellery boutique, marketing, debt repayment and working capital. A significant portion is earmarked for reducing borrowings.
| Particular | Amount |
|---|---|
| Boutique Renovation & Expansion | ₹2 Cr |
| Marketing & Promotion | ₹2 Cr |
| Debt Repayment / Prepayment | ₹18 Cr |
| Long-Term Working Capital | ₹10 Cr |
| General Corporate Purposes | Balance |
The planned investment in the boutique is intended to expand the company's retail presence, while the marketing allocation will support awareness of the OMARA brand.
Omara Ventures India Business Expansion
Omara Ventures is looking to strengthen its presence in the designer jewellery market through its boutique, curated collections and customised jewellery offerings. The IPO proceeds are expected to support both retail expansion and working-capital requirements.
The company has also highlighted marketing and promotional activities as part of its growth plan. For a jewellery retailer, inventory funding, customer acquisition, brand visibility and the ability to maintain product margins remain important operating factors.
Key Points to Track
The major developments to watch during the remaining IPO period include final subscription demand, category-wise participation and any movement in the unofficial GMP.
The company's FY2026 revenue and profit increased substantially, but negative operating cash flow and the planned use of IPO funds for working capital and debt repayment are also relevant factors when reviewing the issue.
Omara Ventures India IPO Timeline
| Particular | Date |
|---|---|
| IPO Opening | September 30, 2026 |
| IPO Closing | October 5, 2026 |
| Basis of Allotment | October 6, 2026 |
| Refund Initiation | October 7, 2026 |
| Demat Credit | October 7, 2026 |
| Tentative Listing | October 8, 2026 |
Omara Ventures India IPO will remain open until October 5. The final subscription figures, allotment details and any change in GMP will provide the next major updates as the issue moves toward its scheduled October 8 listing.
Note: IPO GMP is an unofficial grey-market indicator and can change at any time. Investors should consider the company's financial performance, cash flows, business model, valuation, debt position and official offer documents along with subscription data.
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