Autofurnish IPO GMP Day 1 21 May 2026: BSE SME Auto Accessories Manufacturer Opens at Fixed Price Rs 41 With Nil GMP

May 21, 2026
Posted by: Kunal Singla
Category: IPO

The Autofurnish IPO opened for subscription today, 21 May 2026 (Day 1), on the BSE SME platform at a fixed price of Rs 41 per share. The Rs 14.60 crore issue is a 100 percent fresh issue (no OFS). Grey market premium stands at Rs 0, indicating no listing gain expectation from the grey market at this stage. Day 1 subscription is at 0x in early hours per IPOGuru. The issue closes on 25 May and lists on BSE SME on 29 May 2026. Being a Fixed Price Issue, all investors apply at the same Rs 41 price.

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Table of Contents

Autofurnish IPO Day 1 Key Data

Day 1 Date: 21 May 2026 (Today)
Close Date: 25 May 2026
Allotment: 26 May 2026
Listing: 29 May 2026 on BSE SME
Issue Type: Fixed Price Issue (not book-built)
Issue Price: Rs 41 per share (fixed)
Issue Size: Rs 14.60 crore (35.61 lakh shares, 100% fresh issue)
Lot Size: 3,000 shares | Minimum Retail: 6,000 shares = Rs 2,46,000
Category: NII 50%, Retail 50%, QIB 0%
Day 1 Subscription: 0x (21 May opening hours per IPOGuru)
GMP Day 1: Rs 0 (nil)
Registrar: Skyline Financial Services Pvt Ltd

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About Autofurnish

Autofurnish Limited, incorporated in May 2015 in Delhi, manufactures and trades automotive accessories for cars and two-wheelers under the Autofurnish and Mototrance brands. Products include car body covers, foot mats, seat covers, organisers, sun shades, display protectors, bike body covers and riding accessories. Car interior accessories and body covers account for over 80% of revenue. The company has an installed annual production capacity of 18.8 lakh units at its Delhi facility (86.4% capacity utilisation in FY25). Its B2C arm, Golden Mace Private Limited (wholly owned subsidiary), sells through Amazon, Flipkart, Zepto and its own website.

FY25 Revenue: Rs 33.88 crore (+112.8% from Rs 15.92 crore in FY24)
FY25 PAT: Rs 3.50 crore (+114.7% from Rs 1.63 crore in FY24)
Business: B2B manufacturing + B2C e-commerce (Amazon, Flipkart, Zepto)
Key Risk: Nil GMP. Small issue at Rs 14.60 crore. B2C e-commerce dependency.

41, requiring Rs 2,46,000. The issue closes 25 May and lists 29 May on BSE SME.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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FAQs

What is the Autofurnish IPO GMP on Day 1?

Ans. The Autofurnish IPO GMP is Rs 0 on Day 1 (21 May 2026). No grey market premium has been established. This is a fundamental-conviction application rather than a listing-gain trade.

What is the minimum investment for Autofurnish IPO?

Ans. The minimum retail application is 2 lots of 3,000 shares each (6,000 shares) at the fixed price of Rs

IPO GMP Day 1

Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.