Autofurnish Ltd IPO
Auto Ancillaries
Price Band
₹41 – ₹41
Lot Size
3000
Minimum Bid Quantity
6000
Minimum Investment
₹246000
Issue Size
₹14.6Cr
Opens
2026-05-21
Closes
2026-05-25
Listing
29-05-2026
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE18HI01019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Autofurnish Limited is a company engaged in the design, manufacturing, and trading of automotive accessories. Its core products include body covers and foot mats for cars and two-wheelers, marketed primarily under the brand names "Autofurnish" and "Mototrance." The company operates in the B2B segment, while its wholly owned subsidiary, Golden Mace Private Limited, handles B2C trading through online platforms, including Amazon, Flipkart, and Zepto. The company offers both manufactured and traded automotive accessories, working with clients to develop customised products based on specific design requirements. Its customer base grew from approximately 53 customers in FY24 to approximately 106 customers in FY25. Autofurnish operates manufacturing facilities that are certified under ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, IATF 16949:2016, ISO 26262-1:2011, and Good Manufacturing Practices (GMP).
Pros
- • The company is led by first-generation promoters, Puneet Arora and Ruppal Wadhwa, each with over 12 years of experience in the automotive accessories industry. Puneet Arora serves as Managing Director and Ruppal Wadhwa as Chief Executive Officer, collectively overseeing marketing and production functions.
- • The company operates across both B2B and B2C segments directly through its manufacturing and design operations and through its wholly owned subsidiary Golden Mace Private Limited via online platforms, including Amazon, Flipkart, and Zepto. This structure allows the company to address two distinct customer channels under a single consolidated entity.
- • The company's customer base doubled from approximately 53 customers in FY24 to approximately 106 customers in FY25. Revenue from operations grew from Rs 10.59 crore in FY23 to Rs 15.91 crore in FY24 and further to Rs 33.36 crore in FY25.
Cons
- • The company's manufacturing operations remained discontinued from November 2022 until March 31, 2024, following the termination of an exclusive supply arrangement with Scale Luxura India Private Limited and a subsequent manufacturing agreement with Sahaprut Corporation. During this period, the company was engaged only in trading activities, which adversely impacted its revenues, profitability, capacity utilisation, and market share. Any recurrence of similar commercial disputes or operational discontinuities could impair the company's ability to meet customer demand and maintain supplier and customer relationships.
- • The top five customers contributed 55.77%, 71.97%, and 89.91% in FY25, FY24, and FY23, respectively. Any failure to retain these key customers or a loss of business from them can adversely affect the company's business and financial standing.
- • A major portion of the company's revenue from operations is derived from Delhi. Any adverse political, social, or economic developments in this region, including regional slowdowns, natural calamities, or regulatory changes specific to Delhi, could negatively impact the company's financial condition and results of operations.
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