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Autofurnish IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Autofurnish Limited is engaged in manufacturing and trading automotive accessories and lifestyle products. The company earns revenue through sales of car accessories, seat covers, floor mats, steering covers, cushions, and other automobile interior products. These products are used in passenger vehicles and commercial vehicles to improve comfort, protection, and aesthetics. The company also operates through OEM supply and aftermarket distribution channels across India.
Autofurnish an Fixed Price Issue, amounting to ₹
14.60 Crore,consisting entirely an Fresh Issue of
0.36 crore shares of ₹
14.60 Crore, The subscription period for the Autofurnish IPO opens on May 21, 2026, and close on May 25, 2026. The allotment is expected to be finalized on or about May 26, 2026, Tuesday, and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, May 29, 2026.
The Share Price Band of Autofurnish IPO is set at ₹41 per share per equity share. The Market Capitalisation of the Autofurnish at IPO price of ₹41 per equity share will be ₹55.41 Cr. The lot size of the IPO is
3,000 shares. Retail investors are required to invest a minimum of ₹
246,000, 2 lots (
6,000 Shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
9,000 shares), amounting to ₹
369,000.
NOVUS CAPITAL ADVISORS PRIVATE LIMITED, the book running lead manager of the Autofurnish Ltd. while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is NDA Securities Ltd.
Autofurnish Limited IPO GMP Today
The Grey Market Premium of Autofurnish IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Autofurnish Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Autofurnish IPO opens on May 21, 2026
Autofurnish Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Autofurnish IPO allotment date is May 26, 2026, Tuesday, Autofurnish IPO Allotment will be out on May 26, 2026, Tuesday, and will be live on Registrar Website from the allotment date.
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Autofurnish IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Autofurnish Limited IPO
Autofurnish to utilise the Net Proceeds towards the following objects:
1. ₹188.90 Lakhs is required for Purchase of new machineries
2. ₹930.00 Lakhs is required for To meet day-to-day operating requirements, including procurement of inventory, vendor payments, and other short-term funding needs
3. ₹196.11 Lakhs is required for Business growth, technology upgrades, administrative needs
4. ₹145.00 Lakhs is required for This covers all costs directly related to the public issue, including regulatory filings, lead manager and legal fees, advertising, printing, and other compliance or listing expenses.
5. General Corporate Purposes.
Refer to Autofurnish Limited RHP for more details about the Company.
Autofurnish Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| May 19, 2026 | ₹ 41 | ₹ 41 | ₹0(0.0%) | 19 May 2026; 01:25 PM |
Autofurnish IPO Details
| Market Capitalization | ₹55.41 Cr |
| IPO Date | May 21, 2026 to May 25, 2026 |
| Listing Date | May 29, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹41 per share |
| Issue Price | ₹41 per share |
| Employee Discount | NA |
| Lot Size | 3000 Equity Shares |
| Total Issue Size | 35,61,000 Equity Shares (aggregating to ₹14.60 Cr) |
| Fresh Issue | 35,61,000 Equity Shares (aggregating to ₹14.60 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Share holding pre issue | 99,54,508 |
| Share holding post issue | 1,35,15,508 |
| Rating | Avoid |
Autofurnish IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Autofurnish IPO Timeline (Tentative Schedule)
| IPO Open Date | Thu, May 21, 2026 |
| IPO Close Date | Mon, May 25, 2026 |
| Basis of Allotment | Tue, May 26, 2026 |
| Initiation of Refunds | Wed, May 27, 2026 |
| Credit of Shares to Demat | Wed, May 27, 2026 |
| Listing Date | Fri, May 29, 2026 |
| Cut-off time for UPI mandate confirmation | Tue, May 26, 2026 |
Autofurnish IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | - | - |
| Non-Institutional Investor Portion | 1,690,500 | Not less than 50% of the Net Offer |
| Retail Shares Offered | 1,690,500 | Not less than 50% of the Net Offer |
| Market Maker Portion | 180,000 | - |
Autofurnish IPO Promoter Holding
| Share Holding Pre Issue | 93.10% |
| Share Holding Post Issue | 68.57% |
Autofurnish IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹246,000 |
| Retail (Max) | 2 | 6,000 | ₹246,000 |
| S-HNI (Min) | 3 | 9,000 | ₹369,000 |
| S-HNI (Max) | 8 | 24,000 | ₹984,000 |
| B-HNI (Min) | 9 | 27,000 | ₹1,107,000 |
Autofurnish IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 2,25,000 | 7,63,000 | 3.39x | 25 May 2026; 11:35 AM |
| Non Institutional Investors(NIIS) | 17,55,000 | 19,74,000 | 1.12x | 26 May 2026; 11:46 AM |
| Retail Individual Investors (RIIs) | 17,92,000 | 19,86,000 | 1.11x | 26 May 2026; 11:46 AM |
| Total | 35,83,000 | 40,80,000 | 1.14x | 26 May 2026; 11:46 AM |
About Autofurnish Limited
Autofurnish Limited is engaged in manufacturing and trading automotive accessories and lifestyle products. The company earns revenue through sales of car accessories, seat covers, floor mats, steering covers, cushions, and other automobile interior products. These products are used in passenger vehicles and commercial vehicles to improve comfort, protection, and aesthetics. The company also operates through OEM supply and aftermarket distribution channels across India.
Key Clients and Manufacturing Facilities
The company derives a significant portion of its revenue from its top customers, with the top 10 customers contributing 48.84% revenue as of December 2025. Autofurnish operates manufacturing and trading activities from facilities located in Delhi and associated leased manufacturing premises. Earlier, manufacturing activities were transferred under agreements with Scale Luxura India Private Limited and Sahaprut Corporation. Manufacturing resumed from April 2024 after operational restructuring and settlement agreements.
Product Portfolio and Order Book Execution
Autofurnish offers automotive accessories including seat covers, floor mats, steering wheel covers, neck pillows, cushions, and interior styling products. These products improve vehicle comfort, appearance, and durability during the ownership life cycle of customers. The company serves both OEM and aftermarket segments. Order execution depends on manufacturing capacity, raw material procurement, inventory management, and customer demand. The company also works with third-party manufacturers for certain production requirements.
Expansion Plans, Merger and Future Capex
The company plans to strengthen manufacturing operations and expand product offerings after restarting manufacturing activities in FY25. Earlier business transfer arrangements with Scale Luxura India Private Limited were discontinued, and disputes were resolved through a settlement agreement in June 2023. IPO proceeds of ₹1,460.01 lakh will mainly support working capital requirements, business growth, and general corporate purposes. Management also aims to improve operational efficiency and strengthen distribution capabilities.
Employees and Banker to the Company
As of March 31, 2026, the company had 40 full time employees. The Banker to the Company is Axis Bank Limited.
Management and Growth Vision
Autofurnish Limited is promoted by Mr. Puneet Arora and Mr. Ruppal Wadhwa, who have experience in automotive accessories, manufacturing, distribution, and trading operations. The management is focused on expanding its automotive accessories business by strengthening manufacturing operations and increasing market penetration across India.
The company resumed manufacturing activities in April 2024 after a temporary discontinuation period between November 2022 and March 2024. Management is now focused on rebuilding production capacity, improving operational stability, and reducing dependence on third-party manufacturing.
The company plans to expand its product portfolio in the automotive accessories market and strengthen relationships with OEMs, dealers, and distributors. Long-term targets include increasing revenue contribution from manufacturing operations and improving profit margins through operational efficiencies.
The company intends to use IPO proceeds primarily for working capital support, business expansion, and general corporate purposes. Additional expansion requirements may be funded through internal accruals, banking facilities, and operational cash flows.
Industry Overview
Autofurnish Limited operates in the automotive accessories and auto components industry. The Indian automobile industry is one of the largest globally and contributes significantly to India’s manufacturing GDP. Rising vehicle ownership, premiumization trends, and increasing demand for vehicle customization are supporting growth in automotive accessories.
India’s automotive industry is estimated at over USD 100 billion and is expected to continue growing with increasing passenger vehicle sales and rising disposable incomes. The automotive accessories market benefits from growth in both OEM demand and the large replacement aftermarket segment.
Globally, the automotive accessories and auto components market is valued at several hundred billion dollars and is expected to grow steadily due to increasing automobile production, electric vehicle adoption, and rising consumer demand for premium interiors. The global automotive aftermarket industry is projected to grow at a CAGR of 5-7% over the next few years.
India is also emerging as a major automotive manufacturing hub due to government initiatives such as Make in India and Production Linked Incentive (PLI) schemes. Demand for premium accessories, seat covers, mats, infotainment accessories, and vehicle customization products is rising rapidly.
Major Indian automobile and auto accessory players include Motherson Sumi, Uno Minda, Bosch India, Bharat Forge, and Lumax Industries. Globally, companies such as Bosch, Magna International, Denso, and Lear Corporation dominate the automotive component ecosystem.
The industry outlook remains positive due to increasing automobile penetration, rising middle-class income, rapid urbanization, and growth in the electric vehicle segment.
Major Risk Factors
1. Manufacturing Disruption Risk
The company’s manufacturing operations were discontinued between November 2022 and March 2024 due to business restructuring arrangements. Any future operational disruptions may impact production capacity, customer deliveries, profitability, and long-term business growth.
2. Customer Concentration Risk
A large portion of revenue comes from a limited number of customers. The top customer contributed 14.07% revenue in December 2025, while the top 10 customers contributed 48.84%. Loss of major customers could significantly affect revenues and profitability.
3. Dependence on Third-Party Manufacturers
The company depends partially on third-party manufacturers for product supply and execution. Any failure by these vendors to maintain quality standards, production timelines, or supply consistency may negatively impact customer relationships and brand reputation.
4. Raw Material Price Fluctuation Risk
Automotive accessory manufacturing depends on raw materials such as fabrics, plastics, foam, and leather substitutes. Any significant increase in raw material prices or supply shortages could reduce profit margins and impact operational performance.
5. Intense Industry Competition
The automotive accessories market is highly competitive with organized and unorganized players competing on pricing, quality, and product innovation. Strong competition may limit market share expansion and put pressure on profitability.
6. Working Capital Requirement Risk
The business requires significant working capital for inventory, receivables, and operations management. Any delay in customer payments or inability to secure sufficient financing may affect cash flows and daily operations.
7. Dependence on Automobile Industry Growth
Demand for automotive accessories depends on vehicle sales and consumer spending patterns. Any slowdown in the automobile industry, economic downturn, or reduced consumer demand may adversely affect business performance.
Key Strengths and Opportunities
1. Strong Presence in Automotive Accessories Segment
The company has established itself in the automotive accessories market with products catering to passenger vehicle comfort, aesthetics, and customization. This provides opportunities to benefit from growing automobile ownership and premiumization trends.
2. Diversified Product Portfolio
Autofurnish offers multiple automotive interior products including seat covers, cushions, steering covers, and floor mats. Product diversification reduces dependence on a single category and supports broader customer reach across vehicle segments.
3. Restart of Manufacturing Operations
The company resumed manufacturing activities in April 2024 after restructuring its business operations. This provides opportunities for higher production control, better margins, and improved operational efficiency in future years.
4. Growing Indian Automobile Market
India’s expanding automobile industry, increasing vehicle ownership, and rising demand for vehicle customization products create strong long-term growth opportunities for automotive accessory manufacturers like Autofurnish.
5. Experienced Promoter Background
The promoters possess industry experience in automotive products, distribution, and manufacturing operations. Their industry knowledge supports customer acquisition, operational execution, and business development strategies.
6. Opportunity in OEM and Aftermarket Segments
The company operates in both OEM and aftermarket channels, which provides diversified revenue opportunities. Rising demand for replacement accessories and vehicle upgrades can support future business expansion.
7. IPO to Strengthen Financial Position
The IPO proceeds of ₹1,460.01 lakh will improve working capital availability and support business expansion. Better financial flexibility may help the company improve operational scale and strengthen market competitiveness.
Autofurnish Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Dec 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 761.47 | 475.58 | 856.17 | 698.63 |
| Total Assets | 3,350.43 | 2,327.65 | 1,600.87 | 1,410.69 |
| Total Borrowings | 1,062.99 | 532.96 | 296.92 | 298.37 |
| Fixed Assets | 76.02 | 69.02 | 46.52 | 101.13 |
| Cash | 17.75 | 41.01 | 2.87 | - |
| Cash flow from operating activities | -434.85 | -323.08 | 79.28 | -28.13 |
| Cash flows from investing activities | -23.20 | -9.39 | -40.92 | -21.87 |
| Cash flow from financing activities | 434.80 | 370.60 | -35.49 | 3.61 |
| Net Borrowing | 1,045.24 | 491.95 | 294.05 | 298.37 |
| Revenue | 2,831.59 | 3,388.30 | 1,592.42 | 1,060.01 |
| EBITDA | 479.00 | 510.53 | 282.48 | 85.36 |
| PAT | 282.73 | 350.49 | 162.85 | 15.78 |
| PAT Margin | 9.98% | 10.34% | 10.23% | 1.49% |
| EPS | 2.84 | 3.85 | 1.85 | 0.18 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 3.85 |
| EPS Post IPO (Rs.) | 2.59 |
| Adjusted 12M EPS Post IPO (Rs.) | 2.79 |
| P/E Pre IPO | 10.65 |
| P/E Post IPO | 15.81 |
| Adjusted 12M P/E Post IPO | 14.70 |
| ROE | 23.50% |
| ROCE | 33.74% |
| P/BV | 2.77 |
| Debt/Equity | 0.36 |
| RoNW | 23.50% |
| EBITDA Margin | 15.30% |
| PAT Margin | 10.34% |
Autofurnish Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Autofurnish | 2.59 | 15.81 | 23.50% | 33.74% | 2.77 | 0.36 | 23.50% |
| There are no listed peers which are in the same line of business as per RHP. | - | - | - | - | - | - | - |
Autofurnish Limited Contact Details
Autofurnish Limited
Phone: +91-8375818888
Email: corporate@autofurnish.com
Website: http://www.autofurnish.com/
Autofurnish IPO Registrar and Lead Manager(s)
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Phone: +91-11-40450193-97
Email: ipo@skylinerta.com
Website: http://www.skylinerta.com/
NOVUS CAPITAL ADVISORS PRIVATE LIMITED
Phone: +91 011 43029809
Email: mb@novuscaps.com
Website: http://www.novuscaps.com/
Autofurnish IPO Review
Autofurnish Limited is engaged in manufacturing and trading automotive accessories and lifestyle products. The company earns revenue through sales of car accessories, seat covers, floor mats, steering covers, cushions, and other automobile interior products. These products are used in passenger vehicles and commercial vehicles to improve comfort, protection, and aesthetics. The company also operates through OEM supply and aftermarket distribution channels across India.
The Company is led by Promoter, i.e.,Mr. Puneet Arora and Mr. Ruppal Wadhwa
The Revenues from operations for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,831.59 Lakh, ₹ 3,388.30 Lakh, ₹ 1,592.42 Lakh, and ₹ 1,060.01 Lakh, The EBITDA for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 479.00 Lakh, ₹ 510.53 Lakh, ₹ 282.48 Lakh, and ₹ 85.36 Lakh, The Profit after Tax for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 282.73 Lakh, ₹ 350.49 Lakh, ₹ 162.85 Lakh, and ₹ 15.78 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 3.85 and post-issue EPS of ₹ 2.59 for FY25. The pre-issue P/E ratio is 10.65x,while the post-issue P/E ratio is 15.81x against the Industry P/E ratio is 27.53x The company's ROE for FY25 is 23.50%and RoNW is 23.50%The Annualised EPS is ₹ 2.79x and P/E is ₹ 14.70x, These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Autofurnish showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Autofurnish Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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