Omara Ventures India Limited has officially submitted its Red Herring Prospectus (RHP) to initiate an Initial Public Offering (IPO) targeting the BSE SME platform. The announcement, dated September 22, 2026, indicates that the IPO is set to open on September 30, 2026, and will close on October 5, 2026. The company has secured in-principle approval from BSE for the listing of its equity shares on this platform.

The current offering entails a sale of up to 1,350,000 equity shares, with a price band of Rs 296 to Rs 311 per share. At the upper end of the price range, the total issue size is estimated to be around Rs 41.99 crore. Investors are required to apply in minimum bid lots of 400 shares, necessitating an application for at least two lots or 800 shares.

Omara Ventures operates under its renowned jewellery brand, OMARA, known for its intricate designs and craftsmanship. The company aims to capture the interest of potential investors with this significant foray into capital markets.

Growth and Product Offering

Operating in the designer jewellery sector, Omara Ventures has established itself with a diverse range of exquisite jewellery items. These include natural diamond pieces, as well as those crafted from various precious and semi-precious gemstones, in addition to gold and silver. The brand provides a selection of products such as rings, earrings, necklaces, and bracelets, catering to different needs including bridal, occasion, and everyday luxury.

Headquartered in Chandigarh, OMARA has focused on creating a premium retail environment characterized by contemporary designs and exceptional craftsmanship. The brand strategically merges traditional jewellery-making skills with modern sensibilities, appealing to a clientele that seeks high-end jewellery tailored to changing tastes.

The company has demonstrated a robust financial trajectory, indicating an upward trend in both its revenue and profitability. This growth aligns with the increasing acceptance of OMARA in the high-end jewellery segment, positioning the brand favourably in the marketplace.

Financial Performance and Use of IPO Proceeds

In its financial disclosures, Omara Ventures India Limited has reported impressive growth metrics. For the financial year ending in March 2026 (FY26), the company achieved a revenue of approximately Rs 45.87 crore, a marked increase from Rs 23.52 crore in FY25. Over the same period, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged to about Rs 14.42 crore, compared to Rs 4.87 crore in the previous fiscal year. Additionally, profit after tax also escalated to roughly Rs 9.36 crore from Rs 2.73 crore in FY25.

The anticipated proceeds from the IPO are earmarked for several key business initiatives, including renovations and expansion of retail locations, marketing efforts for the OMARA brand, repayment of existing debts, long-term working capital requirements, and general corporate utility. This capital deployment aims to strengthen the operational capabilities of the company and to enhance its visibility and customer outreach.

The filing of the RHP is seen as a pivotal moment in Omara Ventures India Limited’s evolution, as the company prepares for its transition to a publicly listed entity. This IPO represents a strategic move to bolster its presence in the premium jewellery market, with plans to utilise funds effectively to foster further growth and development of the OMARA brand.

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