Autofurnish IPO
Day 1 of 5 of bidding · May 21, 2026
Autofurnish IPO is on Day 1 of 5 of its subscription window. The latest grey market premium is Rs 0 (0.0% over issue price). Total subscription stands at 0.06x (Retail 0.13x). Bidding closes on May 25, 2026 (in 4 days).
Last updated:Market Sentiment
Market Lot Size
Return Estimator (GMP*)
Allotment Chances
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 10.60 | 15.92 | 33.88 | 28.32 |
| Expense | 10.39 | 13.60 | 29.05 | 24.49 |
| Profit (PAT) | 0.16 | 1.63 | 3.50 | 2.83 |
| Total Assets | 14.11 | 16.01 | 23.28 | 33.50 |
Promoters: Mr. Puneet Arora and Mr. Ruppal Wadhwa
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 99,54,508 | 93.10% |
| Promoter Holding Post Issue | 1,35,15,508 | 68.57% |
Company Information
One of the leading companies, “Autofurnish Ltd”, started its journey through manufacturing and trading automotive accessories in May 2015. It has worked from design to the selling of automotive accessories such as body covers, and foot mats for cars and two-wheelers, and all the products are sold under the brand names “Autofurnish” and “Mototrance. It has also expand it’s business by launching its subsidiaries “Golden Mace Private Limited ” in the B2C segment through online platforms such as Amazon, Flipkart, Zepto, and its own website. The company makes motorcycle products and rider accessories such as towel cloths, polishing pads, riding gear, and other useful items designed for durability, comfort, and convenience. The company’s strengths include offering a wide range of products under one roof, providing customised product solutions, having an experienced management team, and using the latest technology to ensure quality and efficiency.
| Purpose | Amount (Cr) |
|---|---|
| Capital Expenditure-Purchase of new machineries | 1.89 |
| Working Capital | 9.50 |
| General Corporate Purpose | 1.96 |
| Issue Expenses | 1.45 |
Resources & Documents
Autofurnish Ltd., K-55, Udyog Nagar,, Peeragarhi, Nangloi, West Delhi, New Delhi, 110041
Autofurnish has fixed the issue price at Rs 41 per share for an issue size of Rs 15 crore. The SME issue is currently open for subscription and closes in 4 days on May 25, 2026.
One of the leading companies, “Autofurnish Ltd”, started its journey through manufacturing and trading automotive accessories in May 2015. It has worked from design to the selling of automotive accessories such as body covers, and foot mats for cars and two-wheelers, and all the products are sold under the brand names “Autofurnish” and “Mototrance.
The issue is promoted by Mr. Puneet Arora and Mr. Ruppal Wadhwa with Novus Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital Expenditure-Purchase of new machineries (Rs 2 crore) and Working Capital (Rs 10 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Live demand data shows overall subscription at 0.06x, retail at 0.13x.
At the upper end of the price band, the issue is priced at a post-issue P/E of 10.70x. On fundamentals, the company is posting revenue growth of 112.8%, a profit margin of 10.3%, return on equity of 23.5% in its most recent reported period.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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