Autofurnish IPO

About Autofurnish IPO

The Autofurnish IPO opens on Thursday, May 21, 2026 and closes on Monday, May 25, 2026. The allotment of shares will take place on Tuesday, May 26, 2026. The credit of shares to the demat account will take place on Wednesday, May 27, 2026. The initiation of refunds will take place on Wednesday, May 27, 2026. The listing of shares will take place on Friday, May 29, 2026.

The offer consists of a fresh issue of up to 0.36 crore shares of ₹14.60 crores. The total number of shares and the aggregate amount are 35,61,000 shares aggregating up to ₹15 crores.

Autofurnish IPO is set at a final issue price of ₹41 per share. The lot size for an application is 3,000 shares. The minimum amount of investment required by a retail investor is ₹2,46,000 (6,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (9,000 shares), amounting to ₹3,69,000.

In FY 2014, Autofurnish’s Promoters, Mr. Puneet Arora and Mr. Ruppal Wadhwa, incorporated Golden Mace, a partnership firm primarily engaged in trading automotive accessories. To expand the business into trading and manufacturing, Autofurnish was incorporated in FY 2015 and subsequently, in 2016, Golden Mace Private Limited (“GMPL”) was incorporated, catering to the trading of automotive accessories through the B2C segment. In 2019, the Autofurnish proprietorship firm and Golden Mace partnership firm were consolidated into Autofurnish to streamline the operations. In FY 2024, Autofurnish acquired 51% of the equity share capital, thereby making GMPL a subsidiary of the company.

Objectives of Autofurnish IPO

• Capital expenditure: Purchase of new machineries.
  
• Working capital: To meet day-to-day operating requirements, including procurement of inventory, vendor payments, and other short-term funding needs.
  
• General corporate purpose: Business growth, technology upgrades, administrative needs.
  
• Issue Expense: This covers all costs directly related to the public issue, including regulatory filings, lead manager and legal fees, advertising, printing, and other compliance or listing expenses.
  

Industry Outlook

The two-wheelers segment dominates the market in terms of volume, owing to a growing middle class and a huge percentage of India’s population being young. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The rising logistics and passenger transportation industries are driving up demand for commercial vehicles. Future market growth is anticipated to be fuelled by new trends including the electrification of vehicles, particularly three-wheelers and small passenger automobiles. India enjoys a strong position in the global heavy vehicles market as it is the largest tractor producer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. India’s auto component industry is an important sector driving macroeconomic growth and employment. The industry comprises players of all sizes, from large corporations to micro entities, spread across clusters throughout the country.

About Autofurnish

Autofurnish operates primarily in the B2B segment and is engaged in the design, manufacturing, marketing and sale of automobile accessories, with a core product line that includes body covers and foot mats for both cars and two-wheelers. Their products are mainly marketed under the brand names “Autofurnish” and “Mototrance”, catering to a wide range of industries. Their team works closely with clients to develop customised products that meet specific design requirements.

Over time, Autofurnish has evolved into a one-stop solution for automotive accessories, offering a diverse product portfolio that combines both manufacturing and trading. Their wholly owned subsidiary, Golden Mace Private Limited, is engaged in the trading of automotive accessories and focuses on the B2C segment through online platforms such as Flipkart, Amazon, Zepto and its own website.

Strengths of Autofurnish

• Experienced promoters and management team.
  
• Wide range of products.
  
• Customisation of products.
  
• Use of latest technology.
  

Risks of Autofurnish

• Any adverse changes in the conditions affecting the automobile sector, particularly passenger vehicles and commercial vehicles.
  
• Any adverse changes in the conditions affecting the Delhi region.
  
• Fluctuations in their raw material prices.
  
• Any change in their consumers' likes, preferences or a change in their perception regarding the quality of their products.
  
• Increasing competition among automobile accessories manufacturers.
  

Anchor Investor Bidding Date: Not Applicable (Fixed Price Issue)

Registrar: Skyline Financial Services Private Limited
Book Running Lead Managers: Fast Track Finsec Private Limited

Business Model

The company earns its revenue through the following: Design, manufacturing, marketing, and sale of automobile accessories, with a core product line that includes body covers and foot mats for both cars and two-wheelers.

Company Growth Trajectory

(Restated Consolidated Data) Autofurnish’s Total Income for FY25 was ₹33.883 crores, whereas in FY24 and FY23 it was ₹15.924 crores and ₹10.600 crores, respectively.

The Profit After Tax for FY25 was ₹3.458 crores, whereas in FY24 and FY23 it was ₹1.604 crores and ₹0.158 crores, respectively.

Their EBITDA for FY25 was ₹5.105 crores, whereas in FY24 and FY23 it was ₹2.825 crores and ₹0.854 crores, respectively.

Company Market Position

Autofurnish’s wholly-owned subsidiary, Golden Mace Private Limited, is engaged in the trading of automotive accessories and focuses on the B2C segment through online platforms such as Flipkart, Amazon, Zepto and its own website.

They have not only maintained strong relationships with their existing customers over the years but also expanded their customer base, increasing from approximately 53 customers in fiscal 2024 to approximately 106 customers in fiscal 2025.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹33.883 crores, ₹3.458 crores, and ₹5.105 crores, respectively.

How to apply for Autofurnish IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.