Autofurnish IPO
Autofurnish LtdSME
This IPO has listed.
- Open date
- 21 May 2026
- Close date
- 25 May 2026
- Min. Investment
- ₹2,46,000
- Lot Size
- -
- Fresh Issue
- ₹14.60 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date21 May 2026
- Completed: IPO close date25 May 2026
- Completed: Allotment date26 May 2026
- Completed: Funds unblock or debit27 May 2026
- Completed: Tentative listing date29 May 2026
About
Promoter shareholding in Autofurnish Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Puneet Arora | 46,33,798 | 46.55% | 46,33,798 | 34.28% |
| Ruppal Wadhwa | 46,33,832 | 46.55% | 46,33,832 | 34.29% |
| Chavi Wadhwa | 34 | 0.00% | 34 | 0.00% |
| Usha Wadhwa | 34 | 0.00% | 34 | 0.00% |
| Shally Arora | 34 | 0.00% | 34 | 0.00% |
| Vanshaj Arora | 34 | 0.00% | 34 | 0.00% |
| Rekha Arora | 34 | 0.00% | 34 | 0.00% |
Financials of Autofurnish IPO
| Key Performance Indicators | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 10.59 | 15.91 | 33.36 |
| Total Expenses | 10.38 | 13.60 | 29.16 |
| Profit Before Tax | - | - | - |
| Total Profit | 0.16 | 1.60 | 3.46 |
Autofurnish IPO Strengths & Risks
- Experienced Promoters and Senior Management with extensive domain knowledge.
- Market Potential.
- Investment in latest technology and maintain our edge in the market.
- Risks Relating to the Business: The company manufacturing operations were temporarily discontinued in the past, which adversely affected its business, results of operations, financial condition, and cash flows, and similar disruptions in the future may have a material adverse effect.
- Risks Relating to the Business: The company derives a significant part of the company revenue from selected customers. If one or more of such customers choose not to source their requirements from its, the company business, financial condition and results of operations may be adversely affected.
- Risks Relating to the Business: The company business is manpower intensive and any unavailability of its employees or shortage of labour or any strikes, work stoppages, increased wages demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.
- Risks Relating to the Business: The company relies on affidavits provided by its promoter group and group companies regarding shareholding in other entities.
- Risks Relating to the Business: The company profitability has significantly increased in recent periods, and there is no assurance that its will be able to sustain such growth in the future.
- Risks Relating to the Business: There has been instances of delayed filings and erroneous filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.
- Risks Relating to the Business: The company manufacturing operations were previously disrupted due to commercial disputes, which impacted its product-wise revenue mix and capacity utilization, and any recurrence of such issues may adversely affect the company business.
- Risks Relating to the Business: The company does not has documentary evidence for the acquisition of the business of M/s. Autofurnish, the proprietorship concern, into its Company, which may expose the company to potential risks relating to historical performance, compliance, and liabilities.
- Risks Relating to the Business: The Company has filed a compounding application in relation to Private Placement under Section 42 of the Companies Act, 2013.
- Risks Relating to the Business: Major proportion of the company revenue from operations derives from the state of Delhi. Any adverse changes in the conditions affecting these regions can adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The Company has a negative cash flow from its operating, investing and financing activities in past three years, details of which is given below, sustained negative cash flow could impact the company growth and business.
- Risks Relating to the Business: The company trademarks may be subject to infringement by third-parties, potentially leading to intellectual property disputes and adversely affecting its business prospects, reputation and goodwill.
- Risks Relating to the Business: The Company has applied for registration of certain trademarks which is owned by its wholly owned subsidiary, Golden Mace Private Limited in its name. Until such registrations are granted, the company may not be able to prevent unauthorized use of such trademarks by third parties, which may lead to the dilution of its goodwill.
- Risks Relating to the Business: The Company is dependent on few suppliers for purchase. Loss of any of these large suppliers may affect its business operations.
- Risks Relating to the Business: The Company has experienced some delays in paying statutory dues, which could result in penalties or demand raised by the concerned statutory authorities.
- Risks Relating to the Business: The peer review certified auditor who has audited and signed the restated consolidated financial statements included in this Prospectus is different from the present statutory auditor of the Company.
- Risks Relating to the Business: The company ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- Risks Relating to the Business: The future operating results is difficult to predict and may fluctuate or adversely vary from the past performance.
- Risks Relating to the Business: Under-utilization of the company manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company business and future financial performance.
- Risks Relating to the Business: The company has delayed in filing of returns of Good and Service Tax. Delay in making any Statutory payments i.e. Good and Service Tax or any other Statutory dues which may attract any penalty or demand raised by statutory authorities in future will affect financial position of the Company.
- Risks Relating to the Business: The company derives a portion of its revenue from operations from the company wholly-owned subsidiary, Golden Mace Private Limited, and any adverse developments affecting the business of this subsidiary may adversely impact the company business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: The Company, Promoters, Directors and KMP are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company limited fixed asset base, consistent with its asset-light manufacturing model, may constrain the company ability to scale operations and could adversely impact its business and growth prospects.
- Risks Relating to the Business: The company properties including the Registered Office of its Company, is not owned by its which poses certain risks including potential non-renewal, increased rental costs, and unfavorable lease terms. These uncertainties could disrupt operations, strain finances, and affect the company's reputation.
- Risks Relating to the Business: The company is heavily dependent on the performance of the Automobile Sector particularly, passenger vehicle and commercial vehicles. Any adverse changes in the conditions affecting these markets can adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: The company inability to identify customer demand accurately and maintain an optimal level of inventory could adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company relies entirely on its distributor network for the sale of the company products, and the absence of formal agreements with distributors may adversely affect its business, results of operations, and financial condition.
- Risks Relating to the Business: Fluctuations in raw material prices may adversely affect the company profitability and financial performance.
- Risks Relating to the Business: The Company is dependent on third party transportation providers for the supply of raw materials and delivery of final products, any disruption in their operations or a decrease in the quality of their services could affect its Company's reputation and results of operations.
- Risks Relating to the Business: Any change in the company consumer's likes, preferences or a change in their perception regarding the quality of its products may negatively affect the image and its reputation and in turn affect the company revenues and profitability.
- Risks Relating to the Business: The company has obtained various approvals, licenses, registration and permits for its business and failures to renew them in a timely manner may adversely affect its operations.
- Risks Relating to the Business: Any failures to comply with financial and other restrictive covenants imposed on the company under its financing agreements may affect the company operational flexibility, business, results of operations and prospects.
- Risks Relating to the Business: The Company is yet to place order for the machinery for the expansion of the proposed business operation. Any delay in placing orders of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- Risks Relating to the Business: The Company has not entered into long-term contracts with customers and operates primarily on a purchase order basis, which may adversely impact the stability of its revenues and profitability.
- Risks Relating to the Business: The company has power requirement for continuous running of the company manufacturing unit. Any disruption to its operations on account of interruption in power supply may have an effect on the company business, results of operations and financial condition.
- Risks Relating to the Business: Majority of directors of the company don't has the experience of the listed company and the requirements of being a listed company may strain its resources.
- Risks Relating to the Business: The Company has availed unsecured borrowings from its related parties, which is repayable on demand. Re-payment of such borrowings, if called at short notice, may affect the company cash flows adversely to such extent.
- Risks Relating to the Business: Increasing competition among automobile accessories manufactures may reduces the company profit margins and adversely affect its business.
- Risks Relating to the Business: The company has entered into and may continue to enter into related party transactions in future.
- Risks Relating to the Business: The company insurance coverage may not be adequate to protect its against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.
- Risks Relating to the Business: The company success is dependent on its Promoters, management team and skilled manpower. The company inability to attract and retain key personnel or the loss of services of any of its Promoters or Managing may have an adverse effect on the company business prospects.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on SME Platform of BSE Limited in a timely manner, or at all.
- Risks Relating to the Business: The Company does not have any directly comparable listed industry peers.
- Risks Relating to the Business: Changes in technology may affect the company business by making its manufacturing facilities or equipment less competitive.
- Risks Relating to the Business: Within the parameters as mentioned in the chapter titled `Objects of the Issue' the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue has not been appraised by any bank or financial institution or any independent agency.
- Risks Relating to the Business: Information relating to the company installed capacities and the historical capacity utilization of its manufacturing facility included in this Prospectus is based on various assumptions and estimates and future production and capacity utilization may vary.
- Risks Relating to the Business: The company has issued equity shares pursuant to a bonus issue prior to the Issue, and its will be eligible to issue equity shares pursuant to a bonus issue only when the company has sufficient reserves.
- Risks Relating to the Business: The company has not independently verified certain data in this Prospectus.
- Risks Relating to the Business: The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- Risks Relating to the Business: The company Promoter and Executive Directors hold Equity Shares in its Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: The company has substantial working capital requirements. Its inability to obtain and / or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet the company requirements of working capital or payment of the company debts, could adversely affect its operations, the company financial stability and growth potential.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: The company Promoters and Promoter Group will continue to retain majority shareholding in its Company after the Issue, enabling them to exercise significant control over matters requiring shareholder approval.
- Risks Relating to the Business: The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategy could has an effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Orders placed by customers may be delayed, modified, cancelled or not fully paid for by the company customers, which may have an adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised, are based on the company management estimates and has not been appraised by any bank or financial institution or any independent agency.
- Risks Relating to the Business: Any variation in the utilization of the company Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The requirements of being a publicly listed company may strain its resources.
- Risks Relating to the Business: The Company and its Subsidiary operates from the same premises, and any disruption relating to such common premises may adversely affect the company business operations.
