Omara Ventures India Ltd IPO
Diamond, Gems and Jewellery
Price Band
₹296 – ₹311
Lot Size
400
Minimum Bid Quantity
800
Minimum Investment
₹248800
Issue Size
₹41.99Cr
Opens
2026-09-30
Closes
2026-10-05
Listing
08-10-2026
Subscription Status
Qualified Institutional Buyers
1 x
Non-Institutional Investor
1.63 x
Retail Individual Investor
0.43 x
Total
1.06 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1IA801011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Omara Ventures India Limited is a retail jewellery company engaged in selling diamond jewellery made using natural diamonds and precious and semi-precious gemstones set in gold, platinum and silver. Its product portfolio includes necklaces, earrings, rings, bracelets and other jewellery for weddings, special occasions, festivals and daily wear. The company sells its jewellery under the “Omara” brand, primarily through its retail boutique, and caters mainly to business-to-consumer customers. Its business activities include product conceptualisation, design development, customer preference analysis, product curation, and retail merchandising. The company also provides jewellery customisation services based on customer requirements. It has entered into a product development and supply arrangement with a product development and supply partner for jewellery made according to its approved designs, specifications, and quality standards. Its jewellery products carry the BIS hallmarking for precious metals and, where applicable, diamond grading or certification from recognised gemological laboratories such as the Gemological Institute of America (GIA).
Pros
- • The company offers a curated portfolio of diamond jewellery covering necklaces, earrings, rings, bracelets, and other products. Its collections include wedding, festive, special occasion, gifting, and daily-wear jewellery across different designs and price segments.
- • The company has an in-house product conceptualisation and design process. Its team evaluates design trends, customer preferences, occasion requirements, diamond and gemstone placement, metal usage, wearability and price positioning while developing jewellery products.
- • The company’s jewellery is supported by applicable quality certifications. These include BIS hallmarking for eligible precious metal jewellery and diamond grading or certification from recognised gemological laboratories such as the Gemological Institute of America (GIA), wherever applicable.
Cons
- • The company depends on a limited number of suppliers for key raw materials such as diamonds, gold, silver and precious and semi-precious gemstones. Its top supplier accounted for Rs 15.32 crore (32.81%) of purchases in FY26, Rs 5.39 crore (33.43%) in FY25 and Rs 14.24 crore (52.97%) in FY24. Any inability of these suppliers to meet requirements or any disruption in their supply may increase procurement costs, affect inventory availability and margins, and disrupt the company’s operations.
- • The company depends on retaining existing customers and attracting new customers through its retail boutique and brand presence. Its top customer contributed Rs 7.49 crore (16.33%) to revenue from operations in FY26, Rs 0.89 crore (3.79%) in FY25, and Rs 2.40 crore (10.35%) in FY24. Any loss of key customers, reduction in repeat purchases or decline in customer footfall may adversely affect the company’s sales and profitability.
- • A significant portion of the company’s revenue is generated from Chandigarh, which contributed Rs 38.04 crore (82.92%) of revenue in FY26, Rs 21.93 crore (93.22%) in FY25, and Rs 18.16 crore (78.29%) in FY24. Any adverse economic, regulatory or market developments in Chandigarh, including reduced discretionary spending, changes in customer preferences, increased competition or disruption in local conditions, may adversely affect the company’s sales, cash flows and results of operations.
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