Autofurnish Ltd.
AUTOFURNISHSME
Ask IPO
Overview
Autofurnish Limited designs, manufactures, markets and sells automobile accessories for cars and two-wheelers, with core products including body covers and foot mats. The company operates mainly in the B2B segment under the Autofurnish and Mototrance brands, offers customized products to client specifications, and combines manufacturing with trading to serve a broad product portfolio. Its wholly owned subsidiary, Golden Mace Private Limited, focuses on B2C sales through online platforms such as Amazon, Flipkart, Zepto and the company website. Autofurnish operates from its Delhi manufacturing facility, holds multiple quality and management certifications including ISO and IATF standards, and has expanded its customer base significantly in FY2025.
Opening Date
May 21, 2026
Closing Date
May 25, 2026
Listing Date
May 29, 2026
IPO Type
SME
IPO Status
Closed
Issue Size
14.8 Cr
Fresh Issue
14 Cr
Offer for Sale
0 Cr
Price Band
₹41 - ₹41
Lot Size
3000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to strengthen Autofurnish Limited’s manufacturing capacity, support business expansion and meet operational funding needs.
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Funding capital expenditure for purchase and installation of new machinery at the existing manufacturing facility in West Delhi, including perforation, embroidery, sewing, cutting and leather perforation machines to expand product capabilities and improve production efficiency.
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Meeting the company’s working capital requirements for day-to-day operations, including procurement of raw materials and inventory, payments to vendors, support for receivables, and other short-term operating needs as the business scales manufacturing and trading volumes.
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Supporting general corporate purposes such as business growth initiatives, technology upgrades, administrative requirements and other corporate needs that enhance the company’s operating platform and market presence.
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Meeting issue-related expenses, including regulatory filing costs, lead manager and legal fees, advertising, printing, compliance expenses and listing-related charges associated with the public issue.
Key Performance Indicator
P/E Ratio
11.64
EPS
3.52
ROE
16.09%
ROCE
21.34%
RONW
16.09%
Debt to Equity Ratio
—
PAT Margin
9.99%
EBITDA Margin
16.93%
P/B
2.32
SWOT Analysis
Strengths
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Established presence in automotive accessories with a diversified portfolio spanning body covers, foot mats and related products for cars and two-wheelers.
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Integrated operating model combining manufacturing and trading, supported by a B2B focus and a B2C online subsidiary to serve multiple sales channels.
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Strong quality and process credentials through ISO, IATF and GMP certifications, reinforcing customer confidence and operational discipline.
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Sharp financial growth in FY2025 with expanding customer base and improved scale after resumption of in-house manufacturing.
Weaknesses
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Revenue concentration remains meaningful, with the top ten customers contributing a large share of revenue from operations.
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Business remains exposed to raw material availability and price fluctuations, which can affect margins and production continuity.
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Operations are geographically concentrated in India with major revenue contribution from Delhi and nearby regions.
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Working capital intensity is high due to sizeable inventory and receivables requirements, creating dependence on efficient cash cycle management.
Opportunities
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Expansion of manufacturing capacity through new machinery can support higher output, improved customization and a broader product mix.
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Growing Indian automobile and auto components markets, including EV-linked demand, can create tailwinds for accessory suppliers.
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Scope to deepen distribution across India and selectively re-enter international markets to widen the customer base.
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Further product diversification and inorganic growth opportunities may strengthen market share and add new revenue streams.
Threats
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Loss of major customers could materially affect revenue, profitability and cash flows given customer concentration in the business.
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Intense competition in automotive accessories and changing customer preferences may pressure pricing and market share.
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Regulatory, economic and policy changes affecting the automotive sector or MSME environment could impact demand and operations.
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Future equity dilution, market volatility after listing and limited trading history may affect shareholder returns and market perception.
Subscription Rate
Frequently Asked Questions about Autofurnish Ltd.
Autofurnish Limited designs, manufactures, markets and sells automobile accessories for cars and two-wheelers, with core products including body covers and foot mats. The company operates mainly in the B2B segment under the Autofurnish and Mototrance brands, offers customized products to client specifications, and combines manufacturing with trading to serve a broad product portfolio. Its wholly owned subsidiary, Golden Mace Private Limited, focuses on B2C sales through online platforms such as Amazon, Flipkart, Zepto and the company website. Autofurnish operates from its Delhi manufacturing facility, holds multiple quality and management certifications including ISO and IATF standards, and has expanded its customer base significantly in FY2025.
The Autofurnish Ltd. IPO is scheduled to open for subscription on May 21, 2026 and close on May 25, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Autofurnish Ltd. IPO is ₹41 to ₹41. Investors can place bids within this range once the issue opens.
The minimum lot size for the Autofurnish Ltd. IPO is 3000 shares. The minimum investment amount ₹1,23,000.
The total issue size of the Autofurnish Ltd. IPO is approximately ₹14.80. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Autofurnish Ltd. IPO has been subscribed 0.43 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Autofurnish Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Autofurnish Ltd. are expected to list on stock exchanges on May 29, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Autofurnish Ltd. IPO are proposed to be used for The main objectives of the issue are to strengthen Autofurnish Limited’s manufacturing capacity, support business expansion and meet operational funding needs., Funding capital expenditure for purchase and installation of new machinery at the existing manufacturing facility in West Delhi, including perforation, embroidery, sewing, cutting and leather perforation machines to expand product capabilities and improve production efficiency., Meeting the company’s working capital requirements for day-to-day operations, including procurement of raw materials and inventory, payments to vendors, support for receivables, and other short-term operating needs as the business scales manufacturing and trading volumes., Supporting general corporate purposes such as business growth initiatives, technology upgrades, administrative requirements and other corporate needs that enhance the company’s operating platform and market presence., Meeting issue-related expenses, including regulatory filing costs, lead manager and legal fees, advertising, printing, compliance expenses and listing-related charges associated with the public issue.
Before applying for the Autofurnish Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
