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Omara Ventures India Ltd

Omara Ventures India Ltd
OMARA Omara Ventures India Ltd

BSE IPO

Bidding dates30 Sep 2026 - 05 Oct 2026

Price range₹296 - ₹311

Min. investment₹2,48,800

Issue size41.99 Cr

Lot size400 Shares

IPO DocRHP

IPO Timeline

Start date

30 Sep 2026

End date

05 Oct 2026

Allotment date

06 Oct 2026

Refund initiation

07 Oct 2026

Share credit

07 Oct 2026

Deactivate mandate

08 Oct 2026

About company

Incorporated in October 2020, Omara Ventures India Limited is a retail jewellery company engaged in the sale of diamond jewellery made using natural diamonds and precious and semi-precious gemstones, set in precious metals such as gold, platinum and silver. The Company operates under the brand name “Omara” and primarily caters to business-to-consumer (B2C) customers through its retail boutique.The Company offers a curated portfolio of diamond jewellery comprising necklaces, earrings, rings, bracelets and other jewellery products, catering to different customer preferences, age groups and occasions. Its offerings include wedding jewellery, special occasion jewellery, festive jewellery and contemporary daily-wear jewellery, across various price points. The Company focuses on combining traditional elegance with contemporary aesthetics through design-led and curated collections.

The Company’s business model is centred around in-house product conceptualisation, design development, customer preference analysis, product curation and retail merchandising. It has entered into a product development and supply arrangement with a product development and supply partner for manufacturing and supplying jewellery based on the Company’s approved designs, specifications and quality standards. The Company also provides customisation services, enabling customers to personalise jewellery based on their individual preferences and occasions.

Omara follows a curated product philosophy, with collections comprising select designs developed in limited quantities to maintain exclusivity and design distinctiveness. The “Omara” logo or brand insignia is embossed or marked on each jewellery product sold by the Company, supporting brand visibility and product authenticity. Its jewellery is supported by applicable quality certifications, including BIS hallmarking for precious metals and diamond grading or certification from recognised gemological laboratories such as GIA, wherever applicable.

As on June 30, 2026, the Company had 17 employees across directors, KMP and senior management, accounts, sales and marketing, product and operations, sales and operational support functions.

Founded in 2020

Managing director Samarth Jaiswal

Parent organisation Omara Ventures India IPO

Strengths and Risks

Strengths

The company specializes in design-focused natural diamond jewellery, precious/semi-precious gemstones, and gold, platinum, and silver pieces marketed under the 'Omara' brand.

Omara Ventures demonstrated rapid revenue and profit expansion leading up to FY26. Total income grew significantly to ?45.87 crore, and Profit After Tax (PAT) climbed to ?9.37 crore (compared to ?2.73 crore in FY25 and ?0.31 crore in FY24), backed by an improved EBITDA of ?14.43 crore.

The company heavily emphasizes in-house conceptualization, design development, and customer-centric customisation to match evolving market trends and buyer preferences.

Risks

A major portion of the company’s retail operations and revenue is concentrated in a limited geographic region, primarily centred around its boutique in Chandigarh. This single-store/regional dependency limits immediate scalability compared to pan-India brands.

The company previously faced compliance hurdles, such as lacking explicit Bureau of Indian Standards (BIS) registration for its sales outlet over a multi-year window (pending compounding applications and potential regulatory penalties). Future compliance lapses could impact operations.

The business is directly sensitive to fluctuations in the raw material prices of gold, diamonds, and precious metals. Rapid price swings can disrupt margins or inventory valuations.

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