Autofurnish IPO
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Autofurnish IPO details
Schedule of Autofurnish
| Issue open date | 21 May 2026 |
| Issue close date | 25 May 2026 |
| UPI mandate deadline | 25 May 2026 (5 PM) |
| Allotment finalization | 26 May 2026 |
| Refund initiation | 27 May 2026 |
| Share credit | 27 May 2026 |
| Listing date | 29 May 2026 |
| Mandate end date | 09 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 24 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 23 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Autofurnish
Autofurnish Limited is engaged in the manufacturing and trading of automotive accessories and operates mainly through two business segments – manufacturing and trading. The company designs, manufactures, markets, and sells products such as body covers and foot mats for cars and two-wheelers, primarily under the “Autofurnish” and “Mototrance” brands. Its business is largely focused on the B2B segment, where it earns revenue from the sale of automotive accessories. At the same time, its wholly owned subsidiary, Golden Mace Private Limited, caters to the B2C segment through online platforms such as Flipkart, Amazon, Zepto, and its own website. The company has built an integrated business model that combines manufacturing and trading operations and provides customised products based on client requirements. Its manufacturing facilities hold multiple ISO and IATF certifications related to quality, safety, and operational standards.
Financials of Autofurnish
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 14.60 |
| Fresh Issue – Proceeds go to the company | 14.60 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of new machinery | 1.89 (12.95%) |
| Funding working capital requirements | 9.3 (63.70%) |
| General corporate purposes | 1.96 (13.42%) |
| Issue-related expenses | 1.45 (9.93%) |
Strengths
- Autofurnish operates in both the manufacturing and trading of automotive accessories.
- The company offers products like body covers and foot mats for cars and two-wheelers.
- Its manufacturing facilities are certified under multiple ISO and IATF quality standards.
- The company serves both B2B and B2C customers through online and offline channels.
- Autofurnish expanded its customer base from around 53 customers in FY24 to 106 customers in FY25.
Risks
- The company’s manufacturing operations were discontinued between November 2022 and March 2024.
- The business depends heavily on manpower and has faced high employee attrition in the past.
- Some trademarks used by the company are legally owned by its subsidiary company.
- The company does not possess formal documents for the acquisition of the Autofurnish proprietorship business.
- Any disruption in manufacturing or supply arrangements may impact revenue and profitability.