New Delhi, May 29 (H.S.): AutoFurnish delivered a premium listing on Thursday, rewarding IPO investors despite witnessing sharp intraday volatility on its debut trading session.

The company’s IPO shares were issued at ₹41 each. On listing, the stock debuted on the BSE SME platform at ₹43, reflecting a 5 percent premium over the issue price.

Soon after listing, selling pressure dragged the stock down to the lower circuit level of ₹40.85. However, strong buying interest soon emerged, breaking the lower circuit and pushing the stock upward. The shares eventually surged to the upper circuit level of ₹45.15, where they also closed for the day.

Despite the initial fall, the stock ended the session with gains of 10.12 percent, delivering positive returns to IPO investors.

The ₹14.60 crore IPO of AutoFurnish was open for subscription between May 21 and May 25. The issue received a modest response and was subscribed 1.21 times overall. The Non-Institutional Investors (NII) and retail portions were both subscribed 1.17 times each.

The IPO consisted of 35.61 lakh fresh equity shares with a face value of ₹10 each. Funds raised through the issue will be utilised for purchasing new machinery, meeting working capital requirements, and general corporate purposes.

According to the Draft Red Herring Prospectus (DRHP) filed with SEBI, the company has shown steady financial improvement in recent years. Net profit stood at ₹16 lakh in FY 2022–23, rising to ₹1.63 crore in FY 2023–24, and further increasing to ₹3.50 crore in FY 2024–25. During April–December FY 2025–26, net profit stood at ₹2.83 crore.

Revenue also showed strong growth, increasing from ₹10.60 crore in FY 2022–23 to ₹15.92 crore in FY 2023–24, and further rising to ₹33.88 crore in FY 2024–25. During April–December FY 2025–26, revenue stood at ₹28.32 crore.

The company’s net worth also improved consistently, rising from ₹7.50 crore in FY 2022–23 to ₹9.07 crore in FY 2023–24, and further to ₹14.71 crore in FY 2024–25. By April–December FY 2025–26, net worth increased to ₹17.57 crore.

Reserves and surplus showed fluctuations over the period, rising from ₹6.99 crore in FY 2022–23 to ₹8.56 crore in FY 2023–24, before declining to ₹4.76 crore in FY 2024–25. It later improved to ₹7.61 crore during April–December FY 2025–26.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at ₹85 lakh in FY 2022–23, rose to ₹2.82 crore in FY 2023–24, and further increased to ₹5.11 crore in FY 2024–25. For April–December FY 2025–26, EBITDA stood at ₹4.49 crore.

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Hindusthan Samachar / Jun Sarkar