Omara Ventures
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 1.00×
- Big non-institutionalbNII · above ₹10 lakh
- 2.45×
- Small non-institutionalsNII · ₹2–10 lakh
- 0.62×
- Retail individualRII · up to ₹2 lakh
- 0.40×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 11 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 08 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 07 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 06 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 05 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 04 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 03 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 02 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 01 Oct 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 30 Sep 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 29 Sep 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
| 28 Sep 2026 | ₹0 | — | ₹0 | ₹311 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 2,56,400 | 2,56,800 | ₹7.99 Cr | 1.00× |
| Non-institutional | 5,12,800 | 8,80,800 | ₹27.39 Cr | 1.72× |
| Big non-institutionalwithin NII | 3,42,000 | 7,71,600 | ₹24 Cr | 2.26× |
| Small non-institutionalwithin NII | 1,70,800 | 1,09,200 | ₹3.40 Cr | 0.64× |
| Retail individual | 5,12,800 | 2,20,000 | ₹6.84 Cr | 0.43× |
| Total | 12,82,000 | 13,57,600 | ₹42.22 Cr | 1.06× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 05 Oct, 04:11 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 30 Sep 2026 – 05 Oct 2026
- Listing date
- 08 Oct 2026
- Face value
- ₹10 per share
- Price band
- ₹296 – ₹311
- Lot size
- 400 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹41.99 Cr
- Fresh issue
- ₹39.87 Cr 12,82,000 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹136 Cr
- Promoter holding
- 99.99% → 69.03% pre-issue → post-issue
- ISIN
- INE1IA801011
- CIN
- U46498CH2020PLC046674
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Wealth Mine Networks Ltd.
- Registered office
- SCO 162 & 163, Sector 9-C, Madhya Marg, Sector 9 (Chandigarh), Chandigarh, India, 160009
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 2,56,400 | 20.00% | 18.99% |
| Anchor investor · within QIB | 0 | — | 0.00% |
| NII (HNI) | 5,12,800 | 40.00% | 37.99% |
| bNII > ₹10L · within NII | 3,42,000 | — | 25.33% |
| sNII < ₹10L · within NII | 1,70,800 | — | 12.65% |
| Retail (RII) | 5,12,800 | 40.00% | 37.99% |
| Employee | 0 | — | 0.00% |
| Market maker | 68,000 | — | 5.04% |
| Total issue | 13,50,000 | — | 100.00% |
Net offer to the public of 12,82,000 shares, out of a total issue of 13,50,000. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 400 shares per lot, in multiples, at ₹311
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,24,400 |
| S-HNI (min) | 2 | 800 | ₹2,48,800 |
| S-HNI (max) | 8 | 3,200 | ₹9,95,200 |
| B-HNI (min) | 9 | 3,600 | ₹11,19,600 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹311 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 31.11 | 21.48 |
| P/E (×) | 10.00 | 14.48 |
| Price to book (×) | 7.47 | — |
| Market cap | — | ₹136 Cr |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 74.78%
- ROCE
- 55.00%
- Debt / equity
- 1.79
- PAT margin
- 20.42%
- EBITDA margin
- 31.45%
- NAV per share
- ₹41.61
- Price to book
- 7.47
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 45.87 | 23.52 | 23.19 |
| Revenue from operations | 45.87 | 23.52 | 23.19 |
| Other income | 0 | 0 | 0 |
| Total expenses | 33.13 | 19.85 | 22.77 |
| Operating profit | 12.74 | 3.67 | 0.42 |
| Operating margin | 27.77% | 15.60% | 1.81% |
| Profit before tax | 12.74 | 3.67 | 0.42 |
| Profit after tax | 9.37 | 2.73 | 0.31 |
| PAT margin | 20.43% | 11.61% | 1.34% |
| Balance sheet | |||
| Total assets | 47.25 | 29.46 | 26.44 |
| Current assets | 45.38 | 27.54 | 25.37 |
| Current liabilities | 30.72 | 23.82 | 24.2 |
| Total liabilities | 34.72 | 26.3 | 26.01 |
| Net worth | 12.52 | 3.16 | 0.43 |
| Current ratio | 1.48× | 1.16× | 1.05× |
| Return on equity | 74.84% | 86.39% | 72.09% |
| Cash flow | |||
| Operating cash flow | -6.7 | -0.84 | -0.1 |
| Investing cash flow | -0.28 | -1.07 | 0 |
| Financing cash flow | 6.98 | 1.7 | 0.6 |
| Net cash flow | 0 | -0.2 | 0.5 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Funding Capital Expenditure for Renovation and Expansion of Jewellery Boutique ₹2 Cr
The company proposes to utilize a portion of the Net Proceeds towards funding capital expenditure requirements for the renovation, expansion and establishment of a jewellery Boutique at SCO 162-163, Sector 9-C, Madhya Marg, Chandigarh, under the 'Omara' brand to strengthen retail infrastructure and enhance customer experience.
2 Marketing and Promotional Expenses for Brand 'OMARA' ₹2 Cr
The company intends to utilize a portion of the Net Proceeds towards marketing and promotional activities including branding, print media, magazine, digital and outdoor promotional initiatives to enhance local brand awareness, visibility and customer recall of its flagship brand 'Omara' in Chandigarh and select markets.
3 Repayment or Prepayment of Borrowings ₹18 Cr
The company proposes to utilize a portion of the Net Proceeds towards full or partial repayment or prepayment of outstanding borrowings availed from banks and financial institutions, including term loans, business loans and cash credit facilities, to reduce indebtedness and improve the debt-to-equity ratio.
4 Funding Long-Term Working Capital Requirements ₹10 Cr
The company proposes to utilize a portion of the Net Proceeds towards meeting its long-term working capital requirements, primarily to support inventory procurement, replenishment of diamonds and precious metals, and operational needs in connection with the proposed expansion of the Jewellery Boutique.
5 General Corporate Purposes —
The company proposes to deploy the balance Net Proceeds towards general corporate purposes including acquisition of fixed assets, funding growth opportunities, strategic initiatives, brand building, administration, insurance, marketing, repairs and maintenance, payment of taxes and duties, subject to applicable regulatory limits.
1 of 5 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Omara Ventures
Omara Ventures India Limited is a diamond jewellery retailer incorporated as a private limited company on October 16, 2020, and converted into a public limited company on December 31, 2025. The company, originally incorporated as Omara Ventures India Private Limited in Haryana, shifted its registered office to Chandigarh in December 2025. It designs, curates and retails designer diamond jewellery including solitaire diamonds, diamond jewellery, gold jewellery and silver coins through retail boutiques. The company generates revenue primarily from the sale of these jewellery products, with a significant concentration of revenue from Chandigarh and surrounding regions. Its business model is dependent on maintaining inventory of designer collections, managing supplier relationships, and attracting customers through retail boutique presence.
Management
Mr. Samarth Jaiswal
MD
Mrs. Ishani Mehta Jaiswal
Director
Mr. Deepak Khetarpal
Director
Mr. Tej Mohan Singh
Director
Mrs. Payal Agrawal
CFO
Mr. Dhirendra Baloni
Director of Operations
Strengths
As stated in the offer document
Curated and Design-Led Jewellery Portfolio
The company offers a curated portfolio of diamond jewellery including necklaces, earrings, rings, and bracelets, catering to weddings, festive occasions, and daily wear across varied price segments. Selectively introduced designs and curated collections are maintained to preserve the premium character of the 'Omara' brand.
In-House Product Conceptualisation and Design Focus
The company's business model is centred around in-house product conceptualisation, design development, customer preference analysis, and retail merchandising, enabling control over product aesthetics and brand positioning. This design-led approach allows jewellery reflecting craftsmanship, elegance, and contemporary customer expectations to be offered.
Emphasis on Quality, Certification and Product Authenticity
Quality assurance is applied across all stages including sourcing, product development, finishing, and retail sale, supported by BIS hallmarking and diamond grading/certification from recognised laboratories such as GIA. Each jewellery product is embossed with the 'Omara' logo to support brand identification and customer recall.
Customer-Centric Retail Experience
The company provides a refined and personalised jewellery buying experience through retail boutique interactions, private consultations, customisation services, private viewings, and curated brand events. This relationship-led service approach is aimed at building customer trust and strengthening repeat business and referrals.
Strong Brand Visibility and Marketing Presence
The 'Omara' brand is promoted through curated client experiences, print and digital media, exhibitions, and private events, with each jewellery product embossed with the brand logo to reinforce authenticity. The company's website and social media presence further support brand visibility by showcasing collections and bespoke services.
Established Retail Boutique and Operational Infrastructure
The company's retail boutique in Chandigarh is equipped with IT-enabled inventory systems, barcode-based tracking, CCTV surveillance, access control, and secure display and storage facilities. These systems support operational control, inventory monitoring, and risk management for high-value jewellery products.
Experienced Promoters and Management Support
The company is supported by its Promoters, Mr. Samarth Jaiswal and Mrs. Ishani Mehta Jaiswal, whose understanding of the gems and jewellery industry, customer-oriented approach, and management capabilities have contributed to business growth and brand development. Their product sensibility has aided in strengthening customer relationships and overall governance.
Risk factors
As stated in the offer document
Raw Material Supply Disruption and Input Cost Volatility
The company's business depends on timely procurement of diamonds, gold, silver, and precious gemstones, with the top supplier accounting for up to 52.97% of purchases in FY2024. Disruptions in supply, quality inconsistencies, or significant price increases may adversely affect inventory availability, margins, and overall financial condition.
Geographic Revenue Concentration in Chandigarh
The company generates 82.92%–93.22% of its revenue from Chandigarh across FY2024–FY2026, making it highly vulnerable to regional economic slowdowns, reduced discretionary spending, or adverse local market conditions. Any sustained adverse development in Chandigarh could materially impact sales, cash flows, and results of operations.
Substantial Inventory Levels and Prolonged Holding Periods
The company's inventories stood at ₹4,358.15 lakhs as of March 31, 2026, with inventory holding periods of 347–382 days across the last three fiscal years. Such extended holding periods increase working capital requirements and expose the company to risks of inventory obsolescence, price declines, and liquidity constraints.
Negative Cash Flows from Operating and Investing Activities
The company has experienced negative cash flows from operating activities of ₹670.34 lakhs, ₹83.62 lakhs, and ₹9.81 lakhs for FY2026, FY2025, and FY2024, respectively. Continued negative operating cash flows may increase dependence on external financing and adversely affect business sustainability and financial condition.
High Working Capital Requirements and Funding Risk
The company's total working capital requirements grew significantly from ₹1,060.14 lakhs in FY2024 to ₹3,315.53 lakhs in FY2026, funded through bank borrowings, director loans, and internal accruals. Any inability to secure adequate and timely working capital financing may adversely affect inventory availability, retail operations, and growth plans.
Regulatory Non-Compliance — BIS Registration and Statutory Filings
The company lacked BIS registration for its sales outlet from September 22, 2022 to April 8, 2026, and has a history of significant delays in statutory filings with the Registrar of Companies, with some delays exceeding 1,275 days. These non-compliances may attract monetary penalties, regulatory action, and reputational damage from authorities and investors.
Fluctuation in Diamond, Gold, and Precious Metal Prices
Diamonds and gold are key input materials subject to price volatility driven by global commodity markets, foreign exchange movements, import policies, and geopolitical developments. Significant price increases raise procurement costs, while price declines may reduce inventory value, both of which could adversely affect margins and financial performance.
Concentration in Solitaire and Diamond Jewellery Product Category
The company's revenue has been heavily concentrated in the Solitaire and Diamond Jewellery segment, contributing 96.31%, 89.82%, and 66.96% of total product sales for FY2024, FY2025, and FY2026, respectively. Any decline in demand for this category due to shifting consumer preferences or market conditions could materially impact revenues and profitability.
Dependence on Promoters and Key Management Personnel
The company's business and growth are significantly dependent on the continued services of its Promoters, Mr. Samarth Jaiswal and Mrs. Ishani Mehta Jaiswal, whose expertise and stakeholder relationships are critical to operations. The loss of key personnel or inability to attract skilled professionals could impair business management and adversely affect financial performance.
Significant Financial Indebtedness and Restrictive Covenants
As of March 31, 2026, the company had total outstanding financial indebtedness of ₹2,242.86 lakhs, with financing agreements containing restrictive covenants that may limit operational and strategic flexibility. Non-compliance with covenants could trigger events of default, accelerate repayment obligations, or activate cross-default provisions, materially affecting financial condition.
Company Analysis
from RHPOmara Ventures India Limited is a designer diamond jewellery retail company operating in India's gems and jewellery sector.
Omara Ventures India Limited is a diamond jewellery retailer incorporated as a private limited company on October 16, 2020, and converted into a public limited company on December 31, 2025. The company, originally incorporated as Omara Ventures India Private Limited in Haryana, shifted its registered office to Chandigarh in December 2025. It designs, curates and retails designer diamond jewellery including solitaire diamonds, diamond jewellery, gold jewellery and silver coins through retail boutiques. The company generates revenue primarily from the sale of these jewellery products, with a significant concentration of revenue from Chandigarh and surrounding regions. Its business model is dependent on maintaining inventory of designer collections, managing supplier relationships, and attracting customers through retail boutique presence.
Objects of the Issue
- Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique p.49
- Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of the flagship brand OMARA p.49
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by the Company from bank and financial institutions p.49
- Funding the long-term working capital requirements of the Company ₹1,000 lakhs p.41
- General corporate purposes p.49
- Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique ₹200.00 lakhs p.98
- Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of our flagship brand, 'OMARA' ₹200.00 lakhs p.101
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by our Company from bank and financial institutions ₹1,800.00 lakhs p.103
- Funding the long-term working capital requirements of our Company ₹1,000.00 lakhs p.110
- General Corporate Purposes p.113
- Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique ₹200.00 lakhs p.117
- Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of our flagship brand, 'OMARA' ₹200.00 lakhs p.117
- Funding towards repayment or prepayment, in full or in part, of borrowings availed by our Company from bank and financial institutions ₹1,800.00 lakhs p.117
- Funding the long-term working capital requirements of our Company ₹1,000.00 lakhs p.117
- General Corporate Purpose p.117
- Not specified in this document section
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs (up to 13,50,000 Equity Shares of face value of ₹10 each)
- Fresh Issue
- Up to 13,50,000 Equity Shares of face value of ₹10 each at the Issue Price of Rs. [●] each aggregating to up ₹ [●] Lakhs
- Offer for Sale
- N.A.
- Price Band
- ₹[●] to ₹[●] per Equity Share (to be determined)
- Lot Size
- [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company operates as a designer diamond jewellery retailer. It generates revenue from the sale of designer diamond jewellery, solitaire diamonds, gold jewellery, and silver coins through retail boutiques. The business requires significant working capital investment in inventory across various product categories, designs and price points to meet customer preferences and support retail operations.
Business Segments
SWOT Analysis
- • Curated, design-led jewellery portfolio with selective market positioning(p.163)
- • In-house product conceptualisation and design control(p.163)
- • Emphasis on quality certifications and product authenticity(p.163)
- • Brand visibility through logo embossing on each jewellery product(p.164)
- • Experienced promoters with industry understanding(p.164)
- • Strong financial performance with high profitability margins(p.122)
- • Significant revenue growth year-on-year(p.122)
- • Comprehensive IP protection framework enabling design and trademark safeguarding(p.183)
- • Access to government support and incentives through MSME classification(p.184)
- • Established governance compliance framework already in place(p.199)
- • Strong revenue growth trajectory with improving profitability(p.220)
- • Rapid revenue growth and expanding profitability(p.276)
- • Strong and improving EBITDA margins(p.270)
- • High Return on Equity demonstrating operational efficiency(p.270)
- • Excellent profitability trajectory with PAT margin expansion(p.278)
- • Growing net worth base providing financial stability(p.270)
- • Improved current ratio indicating better liquidity(p.270)
- • Curated product portfolio with design-led differentiation(p.269)
- • High supplier concentration with top supplier representing 32.81% of purchases(p.33)
- • High customer concentration with top customer representing 16.33% of revenue(p.33)
- • Significant geographic concentration with 82.92% of revenue from Chandigarh(p.34)
- • Product concentration with 66.96% of FY2026 revenue from Solitaire and Diamond Jewellery(p.35)
- • History of statutory compliance delays and filing discrepancies(p.36)
- • Multiple instances of delayed payment of statutory dues (TDS, ESIC, TCS)(p.37)
- • Negative operating cash flow of ₹670.34 lakhs in FY2026(p.39)
- • High working capital intensity with net working capital requirements of ₹3,315.53 lakhs(p.40)
- • Unregistered trademark logos with IPR applications pending(p.42)
- • No provident fund compliance undertaken despite EPF registration(p.44)
- • Total outstanding indebtedness of ₹2,242.86 lakhs with restrictive covenants(p.47)
- • No dividends declared since incorporation through FY2026(p.48)
- • Managing Director and Non-Executive Director lack listed company board experience(p.46)
- • High dependence on interest rate environment and cost of debt servicing(p.51)
- • Concentration of operations and assets entirely in India with high geographic dependence(p.53)
- • Vulnerability to regulatory changes in taxation affecting profitability(p.51)
- • Exposure to foreign investment restrictions limiting capital base(p.51)
- • Stringent labour legislation creating inflexibility in workforce management(p.52)
- • Industry-wide malpractices damaging emerging company performance and reputation(p.52)
- • High dependence on single location retail boutique(p.162)
- • Significant concentration in top customers(p.159)
- • Reliance on limited number of key suppliers(p.159)
- • High debt-to-equity ratio indicating financial leverage(p.122)
- • Limited geographic revenue diversification(p.159)
- • Small operational scale with only 17 employees(p.169)
- • High debt-to-equity ratio indicating significant financial leverage(p.243)
- • Low debt service coverage indicating tight cash flow relative to debt obligations(p.243)
- • Significant reliance on inventory financing with high carrying cost burden(p.220)
- • High percentage of promoter shareholding creating liquidity and control concentration risk(p.207)
- • High leverage ratio indicating significant debt burden(p.259)
- • Elevated working capital requirements and inventory build-up(p.273)
- • Negative operating cash flows reflecting working capital pressure(p.280)
- • Significant dependence on top customer for revenue(p.283)
- • High concentration in top suppliers(p.284)
- • Finance costs rising with increased borrowings(p.277)
- • Mandatory dematerialized form requirement creates operational dependency(p.315)
- • Post-issue paid-up capital below regulatory threshold for main board listing(p.322)
- • Company restricted to SME platform with mandatory market-making requirements(p.321)
- • Lock-in period restrictions on promoter shares limit capital flexibility(p.318)
- • Expansion through renovation and boutique establishment to strengthen retail infrastructure(p.98)
- • Brand building and market visibility enhancement through strategic marketing(p.101)
- • Benefits from listing on SME platform to enhance brand visibility and create public market(p.97)
- • Debt reduction to improve financial flexibility and lower cost of capital(p.104)
- • Working capital augmentation to support inventory expansion and operational growth(p.110)
- • Expansion of designer jewellery retail segment with growing organised market(p.143)
- • Market growth driven by lab-grown diamonds and emerging jewellery categories(p.144)
- • Rising men's jewellery segment demand(p.144)
- • Online retail channel expansion opportunity(p.144)
- • Sector benefiting from government trade agreements and tariff reductions(p.141)
- • Projected market size expansion in gems and jewellery(p.141)
- • Customisation and personalised jewellery services strategy(p.164)
- • Expansion through CAD/CAM technological adoption in jewellery manufacturing(p.184)
- • Access to export incentives and international market expansion(p.184)
- • Growth in organized jewellery retail through boutique expansion(p.187)
- • Diversification into precious gemstone and coloured stone segments(p.187)
- • Expansion of retail presence and customer base(p.276)
- • Growing demand for premium diamond-studded and luxury jewellery(p.276)
- • Customization services enabling customer differentiation(p.269)
- • Leveraging favorable commodity price movements(p.276)
- • Expansion of product range across multiple price points(p.276)
- • Migration pathway to main board upon meeting capital thresholds(p.318)
- • Ability to raise capital through multiple future issuances on main board post-migration(p.318)
- • Reduced post-IPO timelines accelerate capital deployment(p.316)
- • UPI payment mechanism increases retail investor participation accessibility(p.331)
- • Dependence on suppliers for uninterrupted raw material supply(p.33)
- • Volatility in diamond, gold and precious materials prices(p.39)
- • Customer demand fluctuations affecting sales(p.33)
- • Regional economic downturns in Chandigarh affecting revenue(p.34)
- • Intense competition from organized and unorganized players(p.45)
- • Design duplication by competitors without registered design protection(p.44)
- • Regulatory changes in hallmarking standards and certification requirements(p.30)
- • Foreign exchange fluctuations affecting import costs(p.30)
- • Changes in customs duties and taxes on diamonds and jewellery(p.30)
- • Risk of loss, theft or damage to high-value inventory(p.31)
- • Employee unionization, strikes or work stoppages(p.46)
- • Global economic and political factors affecting business performance and stock price(p.51)
- • Natural calamities and civil disturbances disrupting operations and financial performance(p.51)
- • Terrorist attacks and political instability adversely affecting securities markets and business(p.52)
- • Instability in global financial markets causing contagion effects on Indian economy(p.52)
- • Inadequate infrastructure in India causing business disruption and cost escalation(p.52)
- • Slowdown in Indian economic growth affecting business expansion and asset quality(p.53)
- • Failure to obtain listing permissions restricting share disposition and requiring refund(p.51)
- • Intense competition from organized and unorganized jewellery players(p.167)
- • Global economic slowdown affecting consumer discretionary spending(p.135)
- • Commodity price volatility and precious metal price fluctuations(p.135)
- • Geopolitical risks affecting supply chains and trade(p.135)
- • Regulatory compliance burden on hallmarking and quality standards(p.175)
- • Trade policy uncertainty affecting exports and imports(p.135)
- • Inflationary pressures on input costs and operational expenses(p.136)
- • Regulatory compliance burden from multiple jurisdictional requirements(p.184)
- • Environmental and waste management compliance requirements for manufacturing operations(p.184)
- • Gold and precious metals price volatility impacting inventory valuation and margins(p.226)
- • Counterfeiting and IP infringement risks in jewellery sector(p.183)
- • Volatility in commodity prices affecting margins and demand(p.271)
- • Discretionary nature of jewellery spending vulnerable to economic downturns(p.272)
- • Dependence on changing consumer preferences and design trends(p.271)
- • Global and domestic supply chain disruptions(p.271)
- • Strict regulatory environment and compliance costs(p.271)
- • Intense competition in retail jewellery segment(p.272)
- • Regulatory risk from SEBI circulars changing IPO procedures post-prospectus(p.316)
- • Company may be forced to withdraw issue if minimum subscription not achieved(p.357)
- • Stock exchange retains discretionary power to reject listing applications(p.321)
- • Foreign investor participation subject to government/RBI approvals(p.321)
- • OCBs explicitly prohibited from participating in issue(p.321)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Samarth Jaiswal | Promoter | — | — |
| Mrs. Ishani Mehta Jaiswal | Promoter | — | — |
| Mr. Samarth Jaiswal | Promoter | 99.12% | 68.43% |
| Mrs. Ishani Mehta Jaiswal | Promoter | 0.01% | 0.01% |
| Mr. Sunil Jaiswal | Promoter Group | 0.83% | 0.57% |
| Mrs. Sadhna Jaiswal | Promoter Group | 0.01% | 0.01% |
| Mrs. Monisha Mehta | Promoter Group | 0.01% | 0.01% |
| Mr. Punit Mehta | Promoter Group | 0.01% | 0.01% |
| Samarth Jaiswal | Promoter | — | — |
| Ishani Mehta Jaiswal | Promoter | — | — |
| Mr. Samarth Jaiswal | Promoter/Managing Director | 99.12% | — |
| Mrs. Ishani Mehta Jaiswal | Promoter/Non-Executive Director | 0.01% | — |
| Sunil Jaiswal | Promoter | — | — |
| Samarth Jaiswal | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Omara Ventures India Ltd. THIS ISSUE | 31.11 | 41.61 | 14.48, computed at the offer price | 7.47, computed at the offer price | 74.89% |
| 1.10 | 118.44 | 763.27 | 7.11 | 0.73% | |
| 28.41 | 162.53 | 18.05 | 3.16 | 12.55% | |
| 29.55 | 144.63 | 20.75 | 4.26 | 20.88% | |
Advit Jewels Ltd. | 10.74 | 28.93 | 23.82 | 9.11 | 37.14% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.