Autofurnish Ipo
Autofurnish IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Novus Capital Advisors Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | May 21, 2026 |
| IPO Close Date | May 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹41 Per Share |
| Issue Size | Approx ₹15 Crores |
| Fresh Issue | Approx ₹15 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,46,000 |
| Retail Maximum | 2 | 6,000 | ₹2,46,000 |
| S-HNI Minimum | 3 | 9,000 | ₹3,69,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| NII Shares Offered | 16,89,000 Shares | 47.43% |
| Retail Shares Offered | 16,92,000 Shares | 47.51% |
| IPO Open Date: | May 21, 2026 |
| IPO Close Date: | May 25, 2026 |
| Basis of Allotment: | May 26, 2026 |
| Refunds: | May 27, 2026 |
| Credit to Demat Account: | May 27, 2026 |
| IPO Listing Date: | May 29, 2026 |
| IPO Bidding Cut-off Time: | May 25, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 99,54,508 | 93.10% |
| Promoter Holding Post Issue | 1,35,15,508 | 68.57% |
| Purpose | Crores |
| Capital Expenditure-Purchase of new machineries | ₹1.89 |
| Working Capital | ₹9.50 |
| General Corporate Purpose | ₹1.96 |
| Issue Expenses | ₹1.45 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹10.60 | ₹10.39 | ₹0.16 | ₹14.11 |
| 2024 | ₹15.92 | ₹13.60 | ₹1.63 | ₹16.01 |
| 2025 | ₹33.88 | ₹29.05 | ₹3.50 | ₹23.28 |
| Dec 2025 | ₹28.32 | ₹24.49 | ₹2.83 | ₹33.50 |
| KPI | Values |
| ROE: | 23.50% |
| ROCE: | 33.74% |
| EBITDA Margin: | 15.30% |
| PAT Margin: | 10.51% |
| Debt to equity ratio: | 0.36 |
| Earning Per Share (EPS): | ₹3.83 (Basic) |
| Price/Earning P/E Ratio: | 10.70 |
| Return on Net Worth (RoNW): | 23.50% |
| Net Asset Value (NAV): | ₹14.78 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |