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Omara Ventures India Ltd

Diamond, Gems and JewelleryIPOSME
₹311 - 311
₹311 - 311

We are a retail jewellery business engaged in selling a range of diamond jewellery made using natural diamonds and precious and semi-precious gemstones, set in precious metals such as gold, Platinum and silver. Our jewellery is marketed and sold under our brand name "Omara" and is primarily offered through our retail boutique.

Lot400Min Invest₹2,48,800Face Value₹10Issue Size₹42 CrFresh Issue₹42 CrListing Price₹319CMP₹317

Timeline

30 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing

Subscription · As of 8:06 PM, 5 Oct

Shares & amount

CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB1.00x2.44 L2.44 L7.60NII1.63x4.88 L7.97 L24.80Retail0.43x4.88 L2.12 L6.58Total1.06x13.50 L14.31 L42.36
Amounts at the upper price band.

Reports

Offer Details

Terms

Issue Size₹42 Cr0.14 Cr shares
Fresh Issue₹42 Cr
Face Value₹10
Lot Size400 shares
ReservationQIB 20% · NII 40% · RETAIL 40%

Application Sizes

Retail₹2,48,8001-1 lots
sNII₹2,48,800from 2 lots
bNII₹11,19,600from 9 lots

Managers & Registrar

Lead ManagerWealth Mine Networks Ltd
RegistrarBigshare Services Pvt Ltd

Ownership & Proceeds

Shareholding

CategoryPre IPOPost IPOPromoter Group99.99%69.04%Public0.01%30.96%

Objects of the Issue

  1. Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique
  2. Marketing & promotional expenses aimed at enhancing local brand awareness & visibility of the flagship brand, "OMARA".
  3. Funding towards repayment or prepayment, in full or in part, of borrowings availed by the Company from bank & financial institutions.
  4. Funding the long-term working capital requirements of the Company.
  5. General Corporate Purpose.

Anchor Book

30-day lock-in04-Nov-202690-day lock-in03-Jan-2027

Financials

Profit & Loss

Financial YearFY23FY24FY25FY26
RevenueCr13232446
Operating ProfitCr12515
OPM%6.08.720.931.8
PBTCr00413
PATCr0039
EPS01931

Balance Sheet

Financial YearFY23FY24FY25FY26
Equity CapitalCr0003
ReservesCr00310
BorrowingsCr9111422
Total AssetsCr17262947

Cash Flow

Financial YearFY23FY24FY25FY26
Operating Cash FlowCr-10-1-7
Investing Cash FlowCr00-10
Financing Cash FlowCr1127
Net Cash FlowCr0100

Strengths & Risks

Strengths · as stated in the DRHP
  • Experienced Promoters and Management Team.
  • Diversified Product Portfolio.
  • Customization as per Customer Needs.
  • Leveraging the Experience of our Promoter.
  • Well established relationship with our artisans.
  • Commitment to quality and hallmarked jewellery assurance.
Strategies · as stated in the DRHP
  • Strengthen the "Omara" brand positioning.
  • Expand and refine our design-led product portfolio.
  • Enhance customisation and personalised jewellery services.
  • Maintain focus on quality, certification and authenticity.
  • Improve customer reach through retail, events and digital channels.
  • Strengthen operational efficiency and inventory controls.
Show all 8 strategies
Risks · as stated in the DRHP
  • The company is dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of the company's raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of the company's products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
  • The company's business depends on its ability to maintain relationships with existing customers and attract new customers. Loss of relationship with any of these customers or a significant reduction in purchases by any one or more such customers could adversely affect the company's financial performance.
  • The company generates its major portion of sales from the company operations in certain geographical regions especially, Chandigarh. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
  • A significant portion of the company's revenue has historically been generated from the sale of Solitaire and Diamond Jewellery. Any reduction in demand for this product category could adversely affect its business, financial condition and results of operations.
  • The company's substantial inventory levels and prolonged inventory holding periods may adversely affect its working capital requirements, cash flows and profitability.
  • The Company did not have BIS registration for its sales outlet for a certain period, and any adverse action in this regard may affect the company's business, reputation and results of operations.
Show all 41 risks