Autofurnish Ltd IPO Day 1 Subscription Status, GMP Today, Review & Analysis
The Autofurnish Ltd IPO opened for subscription on 21 May 2026 and has received a subdued response from investors on Day 1. The company operates in the automobile accessories and furnishing products segment and is engaged in manufacturing and supplying automotive interior solutions and utility products.
Market participants are closely monitoring the IPO because of growing demand in the automobile accessories sector. However, grey market premium (GMP) trends currently indicate cautious investor sentiment ahead of listing. :contentReference[oaicite:0]{index=0}
Autofurnish Ltd IPO Important Dates
IPO Open Date: 21 May 2026
IPO Close Date: 25 May 2026
Tentative Allotment Date: 26 May 2026
Refund Initiation: 27 May 2026
Tentative Listing Date: 29 May 2026
Exchange: BSE SME
Autofurnish Ltd IPO Price Band
Price: ₹41 per share
Face Value: ₹10 per share
Issue Size: ₹14.60 Crore
Issue Type: Fresh Issue
Lot Size: 6,000 Shares
Minimum Investment: ₹2,46,000
Registrar: Skyline Financial Services Pvt Ltd
Autofurnish Ltd IPO Day 1 Subscription Status
According to the latest market data, the IPO has witnessed weak subscription numbers on the first day of bidding. Retail participation remained comparatively better than the HNI category, while overall subscription stayed below full subscription on Day 1. :contentReference[oaicite:1]{index=1}
Analysts believe investor response during the final days of bidding will play an important role in determining overall subscription momentum.
Retail Category: 0.52x
HNI/NII Category: 0.15x
QIB Category: No Allocation
Total Subscription: 0.37x
Autofurnish Ltd IPO GMP Today
According to grey market sources, the IPO is currently trading at flat GMP levels in the unofficial market. Market sentiment remains cautious as investors wait for stronger subscription demand during the remaining bidding days. :contentReference[oaicite:2]{index=2}
Current GMP: ₹0
Estimated Listing Price: ₹41
Estimated Listing Gain: 0%
Grey market premium is unofficial and may change rapidly depending on market conditions and investor participation.
About Autofurnish Limited
Autofurnish Limited is engaged in the automobile accessories and furnishing products business. The company manufactures and supplies automotive interior products, furnishing solutions, and vehicle utility accessories across India.
The company focuses on expanding its manufacturing capabilities and improving operational efficiency to meet increasing demand in the automotive aftermarket segment.
The company operates in:
- Automobile accessories manufacturing
- Vehicle furnishing products
- Car interior solutions
- Automotive utility products
- Auto aftermarket supply chain
The company plans to use IPO proceeds for purchasing machinery, working capital requirements, and general corporate purposes. :contentReference[oaicite:3]{index=3}
Objectives of the IPO
- Purchase and installation of machinery
- Working capital requirements
- Business expansion activities
- General corporate purposes
Financial Performance
Autofurnish Limited has shown stable financial performance with improving profitability in recent years. :contentReference[oaicite:4]{index=4}
ROE: 23.50%
ROCE: 33.74%
EBITDA Margin: 15.30%
PAT Margin: 10.51%
EPS: ₹3.83
Debt to Equity Ratio: 0.36
Strong operational efficiency and improving profitability ratios are among the key positives for the company.
Strengths of Autofurnish Ltd IPO
- Growing automobile accessories market
- Healthy profitability ratios
- Expansion through machinery investment
- Presence in automotive aftermarket segment
- Improving operational efficiency
Risks Investors Should Consider
- Weak Day 1 subscription response
- Flat GMP trend before listing
- SME IPOs generally carry high volatility
- Business depends on automobile sector demand
- Competition from established automobile accessory brands
Should You Apply for Autofurnish Ltd IPO?
The IPO offers exposure to the growing automobile accessories and furnishing products industry. The company has shown stable operational performance and plans to expand manufacturing capacity through IPO proceeds.
However, weak Day 1 subscription figures and flat GMP trends indicate cautious short-term market sentiment. Investors should carefully evaluate SME IPO risks before investing.
For latest GMP updates, subscription status, allotment details, and listing updates, investors can regularly follow the Autofurnish Ltd IPO.