Autofurnish IPO- Company Analysis
Autofurnish IPO under the SME IPO category is a fixed price issue of Rs. 14.60 Cr by Autofurnish Limited and is involved in the production and sale of auto accessories.
The company focuses on designing, producing, marketing, and selling car accessories, including body covers and foot mats for cars and two-wheelers. It mostly works in the business-to-business (B2B) market. The labels "Autofurnish" and "Mototrance" are used to market its goods. Quality and safety are guaranteed by the company's ISO and GMP-certified facilities.
Golden Mace Private Limited and its subsidiary use their own website as well as online marketplaces like Amazon, Flipkart, and Zepto to conduct business in the B2C market.
Autofurnish IPO Details
The Autofurnish IPO date of opening is 21 May 2026, its initial public offering will end on 25 May, IPO allotment on May 26 and refund initiation on May 27, 2026.
The Rs. 14.60 crore new SME IPO comprises a wholly fresh issue of 0.36 crore shares.
The Autofurnish IPO listing date (expected) might be Friday, May 29, 2026, and listing at the BSE and SME.
The Autofurnish IPO price band is Rs. 41.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
May 21, 2026 |
|
IPO Closing Date |
May 25, 2026 |
|
IPO Allotment Date |
May 26, 2026 |
|
Refund Initiation |
May 27, 2026 |
|
IPO Listing Date |
May 29, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
23.28 |
16.01 |
14.11 |
|
Total Income |
33.88 |
15.92 |
10.60 |
|
Profit After Tax |
3.50 |
1.63 |
0.16 |
|
EBITDA |
5.11 |
2.82 |
0.85 |
|
Net Worth |
14.71 |
9.07 |
7.50 |
|
Reserves and Surplus |
4.76 |
8.56 |
6.99 |
|
Total Borrowing |
23.28 |
16.01 |
14.11 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(323.08) |
79.28 |
(28.13) |
|
Net Cash Flow Investing Activities |
(9.39) |
(40.92) |
(21.87) |
|
Net Cash Flow Financing Activities |
370.60 |
(35.49) |
3.61 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Capital Expenditure-Purchase of new machinery. ~ Rs. 1.89 Cr.
-
Working Capital. ~ Rs. 9.50 Cr.
-
Issue Expenses. ~ Rs. 1.45 Cr.
-
General Corporate Purposes. ~ Rs. 1.96 Cr.
Listed Peers of Autofurnish Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
23.50% |
|
ROCE |
33.74% |
|
Debt/Equity |
0.36 |
|
RoNW |
23.50% |
|
PAT Margin |
10.51% |
|
EBITDA Margin |
15.30% |
|
Price to Book Value |
2.77 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 3.83 from the last year, the resulting P/E ratio is 10.70x.
Explore the Amba Auto Sales & Services IPO.
IPO's Strengths
-
Wide Range of Products under one roof.
-
Customized product offerings.
-
Experienced promoters and management team.
-
Use of the latest technology.
IPO's Weaknesses
-
Dependence on Market Trends
-
Low Customer Loyalty Programs
-
Difficulty Scaling Operations.
Autofurnish IPO GMP (Grey Market Premium)
Autofurnish IPO GMP today is Rs. 0 as of 19 May 2026, while writing this information. A price band set at Rs. 41 suggests that the estimated listing price of the IPO could be around Rs. 41, indicating a gain/loss of 0%.
Autofurnish IPO Summary
|
IPO Opening & Closing Date |
21 May, 2026 to 25 May, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 41 per Share. |
|
Lot Size |
3000 Shares |
|
Issue Size |
35,61,000 Shares (Rs. 15 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
33,81,000 Shares (Rs. 14 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Fixed price issue IPO |
|
Registrar |
Skyline Financial Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (6000 Shares) for Rs. 2,46,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (9000 Shares) for Rs. 3,69,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Autofurnish IPO Allotment Status
To check the Autofurnish IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Autofurnish Ltd.
-
Mr. Puneet Arora
-
Mr. Ruppal Wadhwa.
|
Pre-Issue Promoter Shareholding |
93.10% |
|
Post-Issue Promoter Shareholding |
68.57% |
IPO Lead Managers
Novus Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
Autofurnish IPO shows strong revenue growth, improving profitability, and expansion plans through new machinery and working capital support. However, investors should also consider SME IPO risk, negative operating cash flow, and dependency on auto-accessory market trends before applying.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
