Omara Ventures IPO Day 1: Subscribed 0.53x; sHNI leads at 1.65x; QIB enters late

4 min read | Published on 30 Sept 2026, 11:28 AM |Updated on 02 Oct 2026, 05:21 PM

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Ritika DScanX News Team

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Key Highlights

Omara Ventures IPO closed Day 1 with an overall subscription of 0.53x.
sHNI category led demand with a subscription of 1.65x.
QIB category entered late, subscribing 0.25x by day close.
Retail investors subscribed 0.05x, while bHNI stood at 0.16x.

*this image is generated using AI for illustrative purposes only.

Omara Ventures IPO subscription remained flat at 0.75x on Day 3, as QIBs maintained full subscription at 1.00x while Retail demand stagnated at 0.16x.

Subscription Status

The Omara Ventures IPO witnessed a static response on Day 3 (October 2, 2026), with the overall subscription rate holding steady at 0.75x. Unlike previous days where incremental interest was observed, Day 3 saw no change in the subscription multiples across any category from the opening bell to the close. The Qualified Institutional Buyer (QIB) category retained its full subscription status at 1.00x, reflecting sustained institutional confidence despite the broader market's cautious stance.

The Non-Institutional Investor (NII) segment showed a split trend, with big HNI bids remaining at 1.68x and small HNI bids at 0.25x. Retail investors continued to show minimal participation, with the category subscribed only 0.16x throughout the day.

Intra-day Timeline — 30-09-2026

The intra-day data reveals a distinct pattern of late-day institutional interest. For the majority of the trading day, QIBs recorded zero subscription. However, in the final snapshots, QIB demand spiked, contributing significantly to the overall rise from 0.26x to 0.53x. The total subscription multiple increased by 5200% from the day's opening snapshot of 0.01x to the closing figure of 0.53x.

Time (IST)	QIB	NII (bHNI)	Retail	Total
11:15	0.00x	0.01x	0.01x	0.01x
12:15	0.00x	0.01x	0.01x	0.04x
13:15	0.00x	0.02x	0.02x	0.10x
14:15	0.00x	0.06x	0.04x	0.26x
15:15	0.17x	0.06x	0.04x	0.42x
16:15	0.25x	0.13x	0.04x	0.47x
17:15	0.25x	0.16x	0.05x	0.53x

Subscription Progression

Day	Date	QIB	NII (bHNI)	NII (sHNI)	Retail	Total
Day 1	30-09-2026	0.25x	0.16x	1.65x	0.05x	0.53x
Day 2	01-10-2026	1.00x	0.25x	1.68x	0.16x	0.75x
Day 3	02-10-2026	1.00x	0.25x	1.68x	0.16x	0.75x

Category-wise Breakdown

QIB: Fully subscribed at 1.00x.
NII (bHNI): Subscribed at 1.68x.
NII (sHNI): Subscribed at 0.25x.
Retail: Subscribed at 0.16x.
Employees: 0.00x.

Offer Details

Company: Omara Ventures
Price Band: ₹296.00 - ₹311.00
Issue Size: ₹23.68 crore - ₹50.00 crore
Min Bid Qty: 800 shares
Open Date: 2026-09-30 10:00:00
Close Date: 2026-10-05 16:00:00

About the Company

Omara Ventures India Limited is a retail jewellery business incorporated in 2020, engaged in selling diamond jewellery made using natural diamonds, precious and semi-precious gemstones set in gold, platinum, and silver, marketed under the brand 'Omara'. The company operates through a single retail boutique in Chandigarh, offering a curated portfolio including necklaces, earrings, rings, and bracelets catering to weddings, festive occasions, and daily wear. The business model is centred on in-house product conceptualisation and design development, with manufacturing outsourced to product development and supply partners per approved specifications. Products are supported by BIS hallmarking and GIA diamond certifications.

Financial Highlights

Metric (₹ crore)	FY2024	FY2025	FY2026
Revenue from Operations	23.19	23.52	45.87
Profit Before Tax	0.42	3.67	12.74
Total Profit	0.31	2.73	9.37
Total Assets	26.44	29.46	47.25
Net Cash Flow	0.50	-0.20	0.00

Objects of the Issue

Funding Capital Expenditure for Renovation and Expansion of Jewellery Boutique: ₹2 crore towards renovation, expansion, and establishment of a jewellery Boutique at SCO 162-163, Sector 9-C, Madhya Marg, Chandigarh.
Marketing and Promotional Expenses for Brand 'OMARA': ₹2 crore towards branding, print media, magazine, digital, and outdoor promotional initiatives.
Repayment or Prepayment of Borrowings: ₹18 crore towards full or partial repayment or prepayment of outstanding borrowings from banks and financial institutions.
Funding Long-Term Working Capital Requirements: ₹10 crore towards inventory procurement, replenishment of diamonds and precious metals, and operational needs.
General Corporate Purposes: Balance net proceeds towards acquisition of fixed assets, growth opportunities, strategic initiatives, brand building, administration, insurance, marketing, repairs, maintenance, taxes, and duties.

Risk Factors

Raw Material Supply Disruption and Input Cost Volatility: Dependence on timely procurement of diamonds, gold, silver, and precious gemstones, with the top supplier accounting for up to 52.97% of purchases in FY2024.
Geographic Revenue Concentration in Chandigarh: Generates 82.92%–93.22% of revenue from Chandigarh across FY2024–FY2026, making it vulnerable to regional economic slowdowns.
Substantial Inventory Levels and Prolonged Holding Periods: Inventories stood at ₹4,358.15 lakhs as of March 31, 2026, with holding periods of 347–382 days.
Negative Cash Flows from Operating and Investing Activities: Negative cash flows from operating activities of ₹670.34 lakhs in FY2026.
High Working Capital Requirements and Funding Risk: Working capital requirements grew from ₹1,060.14 lakhs in FY2024 to ₹3,315.53 lakhs in FY2026.