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.
Competitive Strengths
Omara Ventures India Ltd.’s revenue increased by 95% and profit after tax (PAT) rose by 243% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 47.25 | 29.46 | 26.44 |
| Total Income | 45.87 | 23.52 | 23.19 |
| Profit After Tax | 9.37 | 2.73 | 0.31 |
| EBITDA | 14.43 | 4.87 | 1.84 |
| NET Worth | 12.52 | 3.16 | 0.43 |
| Reserves and Surplus | 9.51 | 3.15 | 0.42 |
| Total Borrowing | 22.43 | 13.95 | 11.25 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹91.01 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹83.00 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹426.55 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards Renovation and Expansion of the Jewellery Boutique | 2.00 |
| 2 | Marketing and promotional expenses aimed at enhancing local brand awareness and visibility of the flagship brand, “OMARA | 2.00 |
| 3 | Funding towards repayment or prepayment, in full or in part, of borrowings availed by the Company from bank and financial institutions | 18.00 |
| 4 | Funding the long-term working capital requirements of the Company | 10.00 |
| 5 | General Corporate Purpose | |
| Total | 32.00 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 74.78% |
| ROCE | 85.38% |
| Debt/Equity | 1.79 |
| RoNW | 74.78% |
| PAT Margin | 20.42% |
| EBITDA Margin | 31.45% |
| NAV | 41.61 |
| P/B (x) | 7.47 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 31.11 | 21.48 |
| P/E (x) | 10 | 14.48 |
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹296 to ₹311 |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,50,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker |
68,000 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 12,82,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 12,82,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 30,10,000 shares |
| Share Holding Post Issue | 43,60,000 shares |
The promoters of the company are Samarth Jaiswal and Ishani Mehta Jaiswal.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 69.03% |
As per our analysis and Based on the information we have, this is the output.
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