Severeregulatorypage 36
ROC filing delays up to 1,275 days
AOC-4 ... 30/09/2022 ... 26/04/2026 ... 1,275 days ... Due to revised filling with correction
ListedSMEDiamond & JewelleryOMARA
Omara Ventures India IPO
Omara Ventures India IPO is an SME IPO raising ₹42 Cr at ₹296 – ₹311 a share. It listed on 8 Oct 2026 at ₹319, +2.6% against its issue price of ₹311, and trades at ₹312 today (+0.2% since issue). It was subscribed 1.06× in total.
₹311
Issue price
₹312
Price now
+0.2%
Since issue price
8 Oct 2026
Listed on
1.06×Subscribed (final) · all exchanges
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
What the prospectus says could go wrong
Read from the 408-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 216 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Severeregulatorypage 35
BIS registration non-compliance for sales outlet
Our Company had not obtained BIS registration for its sales outlet during the period from September 22, 2022 to April 8, 2026
Severeregulatorypage 45
No provident fund compliance since incorporation
We have not undertaken provident fund compliances since our incorporation, and any applicability of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 in the future may subject us to additional statutory obligations and associated risks.
Severeconcentrationpage 34
Geographic concentration in Chandigarh
Chandigarh 3,803.84 82.92%
Severeoperationalpage 35
Extreme inventory holding period of 347-382 days
Our inventory holding periods ... were 347 days, 382 days and 370 days for the corresponding financial years
Severefinancialpage 39
Negative operating cash flows across all three years
Net cash flows generated/ (used in) from operating activities (670.34) (83.62) (9.81)
Highconcentrationpage 35
Product concentration in Solitaire/Diamond Jewellery
Solitaire and Diamond Jewellery ... 96.31%, 89.82% and 66.96% of our total sale of products
Highconcentrationpage 33
Top supplier concentration up to 53%
Top 1 Supplier 1,532.40 32.81% ... 538.70 33.43% ... 1,423.62 52.97%
Highfinancialpage 40
Working capital requirements more than tripled
our total working capital requirements were ₹3,315.53 lakhs, ₹1,519.18 lakhs and ₹1,060.14 lakhs
Highregulatorypage 37
Repeated TDS/ESI statutory payment delays
Tax Deducted at Source ... October 2024 ... U/s 192 ... 30-11-2024 ... 7-10-2024 ... Inadvertently
Highoperationalpage 58
Trade receivables collapsed 88% YoY in FY26
Trade Receivables 16.97 146.62 40.87
Highlitigationpage 42
Core brand trademark OMARA still pending registration
we do not currently have intellectual property rights over our brand logos ... The absence of a registered logo exposes us to potential misuse
Highfinancialpage 47
Significant outstanding indebtedness with covenants
As of March 31, 2026, we had total outstanding financial indebtedness of ₹ 2,242.86 Lakhs, comprising both long-term and short-term borrowings.
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 0 | 0 | — |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
All categories of outstanding proceedings against the Company, Promoters, and Directors (criminal, tax – direct/income tax, TDS, GST, Central Excise, Customs, regulatory/statutory actions, SEBI disciplinary actions, and other material litigation) are reported as NIL. The Company has no subsidiaries, holdings, joint ventures, or group companies, so those sections are marked 'Not Applicable'. No litigation amounts are quantified in this section. Separately, the section discloses outstanding trade payables as on March 31, 2026: 13 creditors aggregating Rs. 879.62 lakhs (6 MSME creditors at Rs. 10.27 lakhs and 7 other creditors at Rs. 869.35 lakhs), including 2 material creditors (>5% threshold of Rs. 43.98 lakhs) aggregating Rs. 846.56 lakhs; these are amounts owed by the Company, not litigation. Page numbers refer to internal pagination shown as [p286]-[p288].. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.