Pushpa Jewellers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 30 Jun 2025
Close Date
Wed, 02 Jul 2025
Price Band
₹ 143 – 147
Lot Size
1000
Issue Size
₹ 98.65 Cr
Minimum Investment
₹ 294,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pushpa Jewellers IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹98.65 Crore, comprising a fresh issue of 50.34 Lakh equity shares aggregating to ₹74.00 Crore and an offer for sale (OFS) of 13.41 Lakh equity shares aggregating to ₹19.71 Crore by the existing shareholders.
The Pushpa Jewellers IPO remained open for subscription from June 30, 2025, to July 02, 2025. The basis of allotment was finalized on July 03, 2025, and the company's shares were listed on NSE SME Platform on July 07, 2025.
The company had fixed the price band at ₹143 to ₹147 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹294,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Affinity Global Capital Market Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Pushpa Jewellers Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Pushpa Jewellers IPO Timeline (Tentative)
- IPO Open Date
- Mon, 30 Jun 25
- IPO Close Date
- Wed, 02 Jul 25
- Basis of Allotment
- Thu, 03 Jul 25
- Initiation of Refunds
- Fri, 04 Jul 25
- Credit of Shares to Demat
- Fri, 04 Jul 25
- Listing Date
- Mon, 07 Jul 25 — NSE & BSE
Open Date
30 June 2025
Close Date
02 July 2025
Basis Of Allotment
03 July 2025
Listing Date
07 July 2025
IPO Subscription
Check Live Subscription →The Pushpa Jewellers IPO has received bids for 1,36,51,000 shares against 63,75,000 shares offered, resulting in an overall subscription of 2.14x. the NII category is subscribed 2.86x, Retail Investors 3.71x, and QIBs 0.83x.
QIB
0.83x
NII
2.86x
RII
3.71x
Total
2.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,31,000 shares, representing 33.24% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 31,87,000 shares (47.49%), while Non-Institutional Investors (NIIs) receive 9,57,000 shares (14.26%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 336,000 | 5.01% |
| Qualified Institutions | 3,187,000 | 47.49% |
| Non-Institutional | 957,000 | 14.26% |
| Retail Investors | 2,231,000 | 33.24% |
| Total | 6,711,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pushpa Jewellers Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 47.31 |
| ROCE % | 27.84 |
| Debt / Equity | 0.38 |
| RoNW % | 38.34 |
| Pat Margin % | 7.93 |
Peers Comparison
No Peer Comparision Available
About Pushpa Jewellers Limited
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
Pushpa Jewellers IPO Promoters
- Mr. Mridul Tibrewal
- Mr. Anupam Tibrewal
- Mr. Madhur Tibrewal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.29%
Pushpa Jewellers IPO Objective
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
Pushpa Jewellers Limited Address / Contact Details
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
Pushpa Jewellers IPO Lot Size
The Pushpa Jewellers IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,47,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,47,000.
| 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 |
Issue Reservation
- Market Maker — 5.01%
- QIB — 47.49%
- NII — 14.26%
- RII — 33.24%
Book Running Lead Managers
- Affinity Global Capital Market Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pushpa Jewellers IPO?
Pushpa Jewellers IPO is a Book-building IPO with a total issue size of ₹98.65 crore. The Pushpa Jewellers IPO price band is ₹143 to 147 per share. The Pushpa Jewellers IPO subscription opens on Mon, Jun 30, 2025, and closes on Wed, Jul 2, 2025. The Pushpa Jewellers IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Pushpa Jewellers IPO.
When will the Pushpa Jewellers IPO open for subscription?
The Pushpa Jewellers IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025
What is Pushpa Jewellers IPO Price Band?
Pushpa Jewellers IPO Price Band is ₹143 to 147 per share.
What is Pushpa Jewellers IPO Lot Size?
Pushpa Jewellers IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹294000 based on the upper price band
What is the minimum investment for Pushpa Jewellers IPO?
The minimum investment for Pushpa Jewellers IPO is ₹294000, based on one lot of 1000 shares at the upper price band of ₹147 per share.
How to apply for Pushpa Jewellers IPO?
Investors can apply for the Pushpa Jewellers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 2, 2025. The application amount remains blocked until the Pushpa Jewellers IPO allotment is finalized.
What is Pushpa Jewellers IPO Issue Size?
Pushpa Jewellers IPO issue size is ₹98.65 crores.
What is the Pushpa Jewellers IPO Allotment Date?
Pushpa Jewellers IPO allotment date is Thu, Jul 3, 2025.
Who is the Pushpa Jewellers IPO Registrar?
The registrar for Pushpa Jewellers IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Pushpa Jewellers IPO allotment status, refund processing, and other IPO-related information.
What is the Pushpa Jewellers IPO GMP?
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 3.40% over the issue price.
Who is the Pushpa Jewellers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pushpa Jewellers IPO are Affinity Global Capital Market Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pushpa Jewellers IPO Red Herring Prospectus (RHP).