Pushpa Jewellers IPO
Open SmeCurrent GMP
₹5 (+3.40%)
Price Band
₹ 143 – 147
Lot Size
1000
Issue Size
₹98.65 Cr
Minimum Investment
₹294000 (2000 Shares)
Listing Date
07 July 2025
Subscription
2.14x
About the Company
Incorporated in June 2009, Pushpa Jewellers Limited is a reputed jewellery manufacturer specializing in lightweight 22kt gold jewellery that elegantly fuses traditional Indian craftsmanship with modern aesthetics. The company serves both domestic and international markets, offering a wide range of intricately designed pieces suited for every occasion.
Business Model & Operations
Pushpa Jewellers primarily operates under a Business-to-Business (B2B) model, supplying its jewellery in bulk to retailers, wholesalers, and corporate buyers. With an efficient distribution network, the company caters to clients across India and exports to global markets such as Dubai, the United States, and Australia.
The company runs three office-cum-showroom branches located in:
- Hyderabad
- Bangalore
- Chennai
These locations serve as strategic hubs for customer engagement and business operations.
Product Portfolio
Pushpa Jewellers offers a diverse and high-quality collection of gold jewellery, reflecting a blend of heritage and innovation. The product range includes:
- Necklaces and Kanthas
- Earrings, Chokers, and Chick Sets
- Bangles, Bracelets, and Kadas
- Rings, Pendants, and Mangalsutras
Each piece is designed to uphold the values of fine craftsmanship, durability, and contemporary appeal.
Manufacturing & Craftsmanship
A significant portion of the jewellery is crafted by skilled artisans on a contractual basis in Kolkata, a city known for its rich legacy in jewellery making. This model allows the company to maintain flexibility, control quality, and manage production costs effectively.
Workforce
As of:
- June 30, 2024: The company employed approximately 69 staff members
- March 31, 2025: The workforce grew to around 90 employees, spanning various functional areas including operations, sales, logistics, and administration.
Competitive Strengths
- Distinctive Brand Identity & Innovative Designs
- Experienced Promoters & Skilled Leadership Team
- Robust Inventory Management System
- Commitment to Quality Assurance
- Comprehensive Security & Surveillance Infrastructure
Promoters
- Mr. Mridul Tibrewal
- Mr. Anupam Tibrewal
- Mr. Madhur Tibrewal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.29%
Objects of the Issue
The Company Pushpa Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To meet working capital Expenses
- To Finance Establishment of proposed new showroom
- Cost of Capital expenditure for the proposed new showroom
- Cost of Inventory for the proposed new showroom
- General Corporate Purposes
- To meet the offer related expenses
Address / Contact Info
Pushpa Jewellers Limited
Unit 4A, Tirumala 22,
Premises No. 22,
East Topsia Road,
Kolkata, West Bengal, 700046
Phone: 033 4006 3154
Email: cs@pushpajewellers.in
Website: http://www.pushpajeweller.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 30 June 2025
IPO Close Date
Wednesday, 02 July 2025
Basis of Allotment
Thursday, 03 July 2025
Initiation of Refunds
Friday, 04 July 2025
Credit of Shares to Demat
Friday, 04 July 2025
Listing Date
Monday, 07 July 2025 — NSE & BSE
Important Dates
Open Date
30 June 2025
Close Date
02 July 2025
Basis Of Allotment
03 July 2025
Listing Date
07 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 91.1 | 51.46 | 43.39 |
| Revenue | 281.27 | 255.49 | 165.84 |
| Profit After Tax | 22.29 | 13.58 | 8.14 |
| Net Worth | 58.14 | 36.08 | 22.5 |
| Reserve & Surplus | 39.28 | 35.84 | 22.27 |
| Total Borrowings | 21.93 | 8.26 | 14.79 |
EPS Pre
11.82%
EPS Post
9.20%
P/E Pre
12.10
P/E (Post Issue)
15.98x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 47.31 |
| ROCE % | 27.84 |
| Debt / Equity | 0.38 |
| RoNW % | 38.34 |
| PbW | 0 |
| Pat Margin % | 7.93 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 336000 | 5.01 | 0 |
| Qualified Institutions | 3187000 | 47.49 | 0 |
| Non-Institutional | 957000 | 14.26 | 0 |
| Retail Investors | 2231000 | 33.24 | 0 |
| Total | 6711000 | 100 | 0 |
Subscription Status ( Wed, 02 Jul 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3187000 | 2643000 | 0.83x |
| Non-Institutional | 957000 | 2739000 | 2.86x |
| Retail Investors | 2231000 | 8269000 | 3.71x |
| Total | 6375000 | 13651000 | 2.14x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 147,000.00 |
| Retail (Max) | 1 | 1,000 | 147,000.00 |
| S-HNI (Min) | 2 | 2,000 | 294,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Affinity Global Capital Market Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Pushpa Jewellers IPO is a Book-building IPO worth ₹98.65 crores. The price band is ₹143 to 147 per share. The IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Pushpa Jewellers IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025
Pushpa Jewellers IPO Price Band is ₹143 to 147.
Pushpa Jewellers IPO lot size is 1000, and the minimum amount required for application is ₹294000.
The minimum investment for Pushpa Jewellers IPO is approximately ₹294000 based on the upper price band.
To apply for the Pushpa Jewellers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jul 2, 2025. After submission, funds are blocked until the basis of allotment of Pushpa Jewellers IPO is finalised.
Pushpa Jewellers IPO issue size is ₹98.65 crores.
Pushpa Jewellers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Pushpa Jewellers IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Pushpa Jewellers IPO through their official website or helpline.
The Pushpa Jewellers IPO GMP (Grey Market Premium) is ₹5 as of Wed, Jul 2, 2025. Based on the upper price band of ₹147 per share, the estimated Pushpa Jewellers IPO listing price is ₹152, indicating a potential listing gain of approximately 31% over the issue price.