Omara Jewellery IPO Overview
Omara Ventures India Limited, operating the designer jewellery brand OMARA, announced that its initial public offering will open on 30 September 2026 and close on 5 October 2026. The issue is a fresh equity issue of INR 41.99 crore on the BSE SME platform, with a price band of INR 296 to INR 311 per share. Each lot comprises 400 shares, and the minimum application is two lots (800 shares), amounting to INR 2,48,800 at the upper price band.
Financial Performance
For the fiscal year ended FY26, the company reported revenue of INR 45.87 crore, up from INR 23.52 crore in FY25. EBITDA increased to INR 14.42 crore from INR 4.87 crore, and profit after tax rose to INR 9.36 crore compared with INR 2.73 crore in the prior year.
Use of IPO Proceeds
The prospectus outlines that the raised funds will be allocated to renovation and expansion of OMARA jewellery boutiques, marketing and promotional activities for the brand, repayment or pre‑payment of existing borrowings, long‑term working capital requirements, and general corporate purposes.
Company Profile
Omara Ventures India Limited is based in Chandigarh and designs jewellery incorporating natural diamonds, precious and semi‑precious gemstones, and precious metals such as gold and silver. Its product range includes rings, earrings, necklaces, bracelets and other pieces targeting bridal, occasion and everyday luxury segments.
Additional Information
Investors are advised to review the company's Red Herring Prospectus for detailed disclosures, risk factors and other information before making an investment decision. The press release was issued on 29 September 2026 by Business Wire India.