The Autofurnish IPO is the public issue of Autofurnish Limited, a company operating in the automotive accessories segment. Through this SME IPO, the company aims to raise funds to support its business expansion, improve operational capabilities, and meet various corporate requirements.
Autofurnish Limited is involved in the manufacturing and supply of automotive accessories for vehicles. The company offers products designed to improve vehicle protection, comfort, and appearance. Its product range caters to customers looking for quality vehicle accessories through different sales channels.
The Indian automotive accessories market has been growing due to increasing vehicle ownership, rising consumer spending on vehicle maintenance and customisation, and wider adoption of online and organised retail channels. Growing demand for vehicle enhancement products provides opportunities for companies operating in this segment.
The company focuses on maintaining product quality, improving manufacturing efficiency, and expanding its market reach. Through its operational capabilities and distribution network, Autofurnish aims to strengthen its position in the competitive automotive accessories industry.
The funds raised through the IPO are proposed to be utilised for meeting business requirements, strengthening working capital, supporting expansion plans, and fulfilling other objectives mentioned in the offer document.
Investors should evaluate the Autofurnish IPO based on the company’s financial performance, business model, industry outlook, valuation, growth prospects, and risk factors before making any investment decision.
This detailed Autofurnish IPO review covers IPO details, important dates, reservation, lot size, promoter holding, GMP, subscription status, allotment status, listing performance, company overview, business model, financial information, objectives of the issue, strengths, risks, registrar details, and FAQs.
Autofurnish IPO Details
| Autofurnish IPO Details | Information |
|---|---|
| IPO Name | Autofurnish IPO |
| Company Name | Autofurnish Limited |
| IPO Status | Listed |
| IPO Type | Fixed Price Issue |
| Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹41 Per Share |
| Issue Size | ₹14.60 Crore |
| Fresh Issue | 35,61,000 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 21 May 2026 |
| IPO Close Date | 25 May 2026 |
| Basis of Allotment | 26 May 2026 |
| Refund Initiation | 27 May 2026 |
| Shares Credited to Demat | 27 May 2026 |
| Listing Date | 29 May 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 3,000 Shares |
| Minimum Investment | ₹1,23,000 |
The Autofurnish IPO comprises a fresh issue of equity shares through which the company intends to raise capital for its identified business objectives. Since there is no offer for sale component, the entire issue proceeds will be received by the company.
Following the completion of the subscription process, the allotment was carried out as per the applicable IPO guidelines. Investors who received allotment were credited shares in their demat accounts before listing, while refunds were processed for applicants who were not allotted shares.
Autofurnish Limited operates in a competitive automotive accessories market where factors such as product quality, pricing, manufacturing efficiency, supply chain management, and customer reach play an important role in business growth. Investors should analyse these aspects along with financial performance and future plans before investing in the IPO.
Autofurnish IPO Dates & Timeline
The Autofurnish IPO followed the standard SME IPO process, starting with the opening of the subscription period and ending with the listing of equity shares on the BSE SME platform. After the bidding period concluded, the registrar completed the allotment process, processed refunds for unsuccessful applicants, and credited shares to successful investors before listing.
| Event | Date |
|---|---|
| IPO Opening Date | 21 May 2026 |
| IPO Closing Date | 25 May 2026 |
| Basis of Allotment | 26 May 2026 |
| Refund Initiation | 27 May 2026 |
| Shares Credited to Demat Account | 27 May 2026 |
| Listing Date | 29 May 2026 |
| Listing Exchange | BSE SME |
Investors who received allotment were able to view their shares in their demat accounts before the listing date, while refunds were initiated for applications that were not successful.
Autofurnish IPO Reservation
The Autofurnish IPO share allocation was structured according to the applicable SME IPO guidelines. The issue included reserved portions for different categories of investors along with an allocation for the market maker to support liquidity after listing.
| Investor Category | Shares Reserved |
|---|---|
| Non-Institutional Investors (NII) | 50% |
| Retail Individual Investors (RII) | 50% |
| Market Maker | As per applicable norms |
| Total Issue Size | 35,61,000 Equity Shares |
The reservation structure allowed participation from retail and non-institutional investors while ensuring market maker support for smooth trading after listing.
Autofurnish IPO Lot Size
The lot size determines the minimum number of shares that investors can apply for in an SME IPO. Based on the issue price of ₹41 per share, investors had to apply for shares in the prescribed lot size.
| Application Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3,000 | ₹1,23,000 |
| Retail Maximum | 1 | 3,000 | ₹1,23,000 |
| HNI/NII Minimum | 2 | 6,000 | ₹2,46,000 |
Investors applying above the permitted retail limit were categorised under the Non-Institutional Investor category as per IPO regulations.
Autofurnish IPO Promoter Holding
The promoters of Autofurnish Limited held a significant ownership stake before the IPO. After the issue of new equity shares, promoter holding changed due to dilution from the fresh issue.
| Particulars | Details |
|---|---|
| Promoter Holding Before IPO | 99.99% |
| Promoter Holding After IPO | 73.50% |
The promoters continued to maintain a substantial ownership interest in the company after the IPO, allowing them to retain management control.
Autofurnish IPO GMP
Grey Market Premium (GMP) indicates the unofficial premium or discount at which IPO shares are traded before listing. Since grey market transactions are not regulated, GMP should only be considered as a market sentiment indicator and not as a guaranteed prediction of listing performance.
The GMP movement for the Autofurnish IPO reflected investor expectations before listing. However, investors should give greater importance to the company’s financial performance, business fundamentals, valuation, and long-term growth prospects rather than relying only on grey market trends.
Autofurnish IPO Subscription Status
The Autofurnish IPO received moderate investor participation during the bidding period. The issue was subscribed across investor categories, reflecting the demand received from retail and non-institutional investors during the IPO window.
| Category | Subscription (Times) |
|---|---|
| Non-Institutional Investors (NII) | 1.28x |
| Retail Individual Investors (RII) | 1.17x |
| Total Subscription | 1.26x |
The Autofurnish IPO was subscribed 1.26 times overall. The Non-Institutional Investor (NII) category received 1.28 times subscription, while the Retail Individual Investor (RII) category was subscribed 1.17 times. The subscription response indicates balanced participation from both investor segments during the issue period.
Autofurnish IPO Allotment Status
The allotment process for the Autofurnish IPO was completed after the closure of the subscription period. The registrar finalised the basis of allotment after reviewing all valid applications received during the IPO bidding window.
Investors could check their Autofurnish IPO allotment status through the registrar’s official website by entering details such as PAN number, application number, or DP/Client ID. Successful applicants received shares in their demat accounts before the listing date, while refunds were processed for applicants who did not receive an allotment.
Autofurnish IPO Listing Performance
The equity shares of Autofurnish Limited were listed on the BSE SME platform after completing the IPO process. The listing performance reflects the initial market response and investor sentiment towards the company’s public issue.
| Particulars | Details |
|---|---|
| Issue Price | ₹41 Per Share |
| Listing Price | ₹43.05 Per Share |
| Listing Gain | ₹2.05 Per Share |
| Listing Gain (%) | 5.00% |
| Closing Price on Listing Day | ₹43.05 Per Share |
The shares of Autofurnish Limited made a positive debut on the stock exchange by listing above the issue price. The listing gain reflected initial investor interest in the company after the completion of the IPO process.
About Autofurnish Limited
Autofurnish Limited is engaged in the automotive accessories segment and focuses on manufacturing and supplying products designed for vehicle protection, comfort, and enhancement. The company caters to customers looking for quality accessories for passenger vehicles and other automotive applications.
The company’s product portfolio includes vehicle-related accessories such as car body covers, floor mats, and other automobile utility products. Autofurnish focuses on offering products that combine functionality, durability, and customer convenience.
The company operates through manufacturing and distribution activities while also leveraging digital sales channels to reach customers. Its business approach includes product development, quality control, efficient sourcing, inventory management, and customer-focused distribution.
With increasing vehicle ownership in India and growing demand for vehicle maintenance and customisation products, the automotive accessories industry provides growth opportunities for companies with strong product quality, competitive pricing, and effective distribution networks.
Autofurnish Limited aims to expand its market presence by improving operational efficiency, increasing product availability, strengthening sales channels, and developing new products according to changing customer requirements.
Business Model
Autofurnish Limited follows a business model focused on manufacturing, sourcing, marketing, and distribution of automotive accessories. The company combines product innovation, quality management, and multiple sales channels to serve retail and commercial customers.
The major components of the company’s business model include:
- Automotive Accessory Manufacturing – The company develops and supplies vehicle accessories designed to improve vehicle protection, appearance, and convenience.
- Product Sourcing and Quality Control – The company focuses on sourcing quality materials and maintaining product standards to meet customer expectations.
- Multi-Channel Sales Approach – Products are distributed through different channels, including dealers, retailers, and online platforms, helping the company reach a wider customer base.
- Customer-Focused Product Development – The company aims to introduce products based on evolving customer preferences and vehicle accessory requirements.
- Distribution Expansion – Strengthening distribution channels remains an important part of the company’s growth strategy.
The company’s future growth plans focus on expanding its product portfolio, increasing market reach, improving operational efficiency, and strengthening its position in India’s growing automotive accessories market.
Product Portfolio
Autofurnish Limited offers a range of automotive accessories designed to improve vehicle protection, appearance, and user convenience. The company focuses on developing products that meet the requirements of individual vehicle owners, dealers, and other customers in the automotive aftermarket segment.
The major product categories of the company include:
- Car Body Covers – Protective covers designed to safeguard vehicles from dust, sunlight, rain, and other external elements.
- Car Floor Mats – Vehicle-specific floor mats that provide protection to vehicle interiors while improving comfort and appearance.
- Car Accessories – A variety of automobile utility and enhancement products catering to different customer requirements.
- Vehicle Protection Products – Products focused on maintaining vehicle condition and improving long-term usability.
- Automotive Lifestyle Products – Accessories designed to enhance vehicle appearance and provide additional convenience to customers.
The company continues to focus on expanding its product range, improving product quality, and strengthening its presence in the automotive accessories market.
Industry Overview
India’s automotive accessories market has witnessed steady growth due to increasing vehicle ownership, rising disposable income, growing awareness about vehicle maintenance, and changing consumer preferences towards vehicle personalisation.
The expansion of passenger vehicle sales, growth of online marketplaces, and increasing demand for aftermarket automotive products have created opportunities for companies operating in the vehicle accessories segment. Consumers are increasingly looking for products that improve vehicle protection, comfort, convenience, and appearance.
The organised automotive aftermarket industry has benefited from improved distribution networks, digital commerce platforms, and increased availability of branded accessories. Online sales channels have enabled accessory manufacturers and suppliers to reach customers across different regions without depending only on traditional retail networks.
However, the industry faces challenges such as intense competition, changing consumer preferences, dependence on automobile trends, raw material price fluctuations, and the presence of unorganised market players. Companies with strong product quality, efficient supply chains, competitive pricing, and wider distribution networks are better positioned to achieve sustainable growth.
With continued growth in vehicle ownership and increasing demand for vehicle customisation and maintenance products, India’s automotive accessories sector is expected to provide long-term growth opportunities for companies operating in this space.
Autofurnish IPO Financial Information
The financial performance of Autofurnish Limited provides an overview of the company’s revenue growth, profitability, and financial position during the reported financial years. Reviewing financial statements helps investors understand the company’s operational performance, earnings capability, asset position, and overall financial stability.
The financial information below is based on the company’s restated financial statements provided in the offer document.
Statement of Assets, Liabilities and Equity
| Particulars (₹ in Lakhs) | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Total Assets | 1,971.74 | 1,493.28 | 1,182.64 |
| Total Liabilities | 1,167.82 | 1,006.35 | 812.41 |
| Total Equity (Net Worth) | 803.92 | 486.93 | 370.23 |
The balance sheet indicates growth in the company’s asset base and net worth over the reported period. The increase in equity reflects strengthening of the company’s financial position while supporting business expansion.
Statement of Profit and Loss
| Particulars (₹ in Lakhs) | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue from Operations | 3,286.71 | 2,746.52 | 2,103.84 |
| EBITDA | 347.86 | 269.41 | 214.62 |
| Profit Before Tax (PBT) | 207.64 | 151.27 | 105.36 |
| Profit After Tax (PAT) | 153.12 | 111.46 | 77.42 |
The company’s financial results show consistent growth in revenue and profitability during the reported years. The improvement in operating performance indicates growth in business activities and better operational management.
Autofurnish IPO Key Financial Ratios
| Ratio | FY2025 |
|---|---|
| EBITDA Margin | 10.58% |
| PAT Margin | 4.66% |
| Return on Equity (ROE) | 19.05% |
| Return on Capital Employed (ROCE) | 18.72% |
| Debt to Equity Ratio | 1.45 |
| Earnings Per Share (EPS) (₹) | 4.39 |
| Net Asset Value (NAV) (₹) | 23.05 |
The above financial ratios provide insights into the company’s profitability, efficiency, leverage position, and shareholder returns. Investors should evaluate these financial indicators along with the company’s business model, valuation, industry conditions, and future growth plans before making an investment decision.
Autofurnish IPO Objects of the Issue
The Autofurnish IPO has been launched to raise funds for supporting the company’s business requirements and strengthening its operational capabilities. The proceeds from the issue are proposed to be utilised for the purposes mentioned in the offer document.
The key objectives of the issue include:
- Working Capital Requirements – A portion of the IPO proceeds will be utilised to meet the company’s working capital needs, including inventory management, procurement of materials, and day-to-day operational expenses.
- Business Expansion Activities – The funds will support the company’s plans to expand its operations, increase market reach, and strengthen its presence in the automotive accessories segment.
- General Corporate Purposes – A part of the proceeds will be used for general business requirements, administrative expenses, and other corporate initiatives.
- Issue Related Expenses – The company will utilise a portion of the funds towards expenses associated with the IPO process.
The effective utilisation of IPO proceeds is expected to improve the company’s operational efficiency, strengthen financial flexibility, and support future business growth.
Autofurnish IPO Strengths
Autofurnish Limited operates in the growing automotive accessories segment with a focus on product quality, customer requirements, and market expansion. The key strengths of the company include:
- Growing Automotive Accessories Market – Increasing vehicle ownership and rising demand for vehicle maintenance and customisation products provide growth opportunities for the company.
- Wide Product Portfolio – The company offers various automotive accessories catering to different customer needs, helping reduce dependence on a single product category.
- Focus on Product Quality – The company emphasises quality standards, product durability, and customer satisfaction to build long-term relationships.
- Multiple Sales Channels – Presence across different sales channels, including online and offline platforms, helps the company reach a wider customer base.
- Experienced Management Team – The promoters and management team bring industry understanding and operational experience to manage business activities.
- Brand and Market Presence – The company aims to strengthen its position in the automotive aftermarket through product expansion and improved distribution.
- Scalable Business Model – Expansion of product offerings, distribution network, and digital presence provides opportunities for future growth.
Autofurnish IPO Risk Factors
Investors should carefully evaluate the following risks associated with Autofurnish Limited before making an investment decision:
- High Competition – The automotive accessories market has several organised and unorganised players, which may impact pricing and market share.
- Dependence on Automobile Industry Growth – Changes in vehicle sales trends, consumer spending, and automobile demand may affect business performance.
- Raw Material Price Fluctuation – Changes in prices of materials used for manufacturing accessories may impact profit margins.
- Dependence on Suppliers – Any disruption in sourcing raw materials or products may affect production and timely delivery.
- Changing Consumer Preferences – The company needs to continuously adapt its products according to changing customer expectations and automotive trends.
- Working Capital Requirements – The business requires sufficient working capital to maintain inventory and support operational growth.
- SME Listing Risks – Shares listed on the SME platform may experience lower liquidity and higher price volatility compared to main board companies.
Autofurnish IPO Registrar Details
The registrar manages IPO-related activities such as processing applications, finalising allotment, handling refunds, crediting shares to investors’ demat accounts, and addressing investor queries.
| Particulars | Details |
|---|---|
| Registrar | Skyline Financial Services Private Limited |
| Website | https://www.skylinerta.com |
| [email protected] | |
| Investor Helpline | +91-11-4045 0100 |
Investors can contact the registrar for queries related to IPO applications, allotment status, refunds, demat credit, and other issue-related matters.
Autofurnish IPO Conclusion
The Autofurnish IPO provides investors an opportunity to participate in a company operating in India’s expanding automotive accessories market. The company has built its business around vehicle accessory products, customer-focused offerings, and multiple sales channels.
The funds raised through the IPO are expected to support working capital requirements, business expansion, and general corporate purposes, which may help the company strengthen its operations and improve market reach.
However, investors should consider important factors such as competition, dependence on automobile demand, raw material price changes, supplier risks, working capital requirements, and SME market volatility before making an investment decision.
Overall, the Autofurnish IPO should be evaluated based on the company’s financial performance, valuation, business strategy, industry outlook, growth potential, and risks mentioned in the offer document.
Autofurnish IPO FAQs
What is the Autofurnish IPO?
The Autofurnish IPO is a Fixed Price SME public issue through which Autofurnish Limited raised funds for business expansion, working capital requirements, and other corporate purposes.
What was the issue price of the Autofurnish IPO?
The issue price of the Autofurnish IPO was ₹41 per equity share.
What was the minimum lot size for the Autofurnish IPO?
The minimum application size was 3,000 equity shares, requiring an investment of ₹1,23,000.
On which stock exchange are Autofurnish shares listed?
The equity shares of Autofurnish Limited are listed on the BSE SME platform.
Who was the registrar for the Autofurnish IPO?
Skyline Financial Services Private Limited was the registrar for the Autofurnish IPO.
What were the objectives of the Autofurnish IPO?
The IPO proceeds were proposed to be utilised for working capital requirements, business expansion, general corporate purposes, and issue-related expenses.
What are the major risks associated with the Autofurnish IPO?
Key risks include competition in the automotive accessories market, dependence on automobile demand, raw material price fluctuations, supplier risks, working capital requirements, and SME listing-related risks.
Should investors invest in the Autofurnish IPO?
Investors should analyse the company’s financial performance, valuation, business model, market opportunities, and risk factors before making any investment decision.
