Bookbuilding IPO | ₹99 Cr | Listed at NSE SME | Mon, Jun 30, 2025 - Wed, Jul 2, 2025
Pushpa Jewellers IPO is a book build issue of ₹98.65 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹78.94 crores and offer for sale of 0.13 crore shares aggregating to ₹19.71 crores.
Pushpa Jewellers IPO bidding started from Jun 30, 2025 and ended on Jul 2, 2025. The allotment for Pushpa Jewellers IPO was finalized on Jul 3, 2025. The shares got listed on NSE SME on Jul 7, 2025.
Pushpa Jewellers IPO price band is set at ₹147 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,47,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,94,000.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Pushpa Jewellers IPO RHP for detailed Information.
IPO Open
Mon, Jun 30, 2025
IPO Close
Wed, Jul 2, 2025
Issue Price
₹147 per share
Market Cap (Pre-IPO)
₹356.08 Cr
| IPO Date | 30 Jun to 2 Jul, 2025 |
| Listed on | Mon, Jul 7, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹143 to ₹147 |
| Issue Price | ₹147 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 67,11,000 shares (agg. up to ₹99 Cr) |
| Reserved for Market Maker | 3,36,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 50,34,000 shares (agg. up to ₹74 Cr) |
| Offer for Sale | 13,41,000 shares of ₹10 (agg. up to ₹20 Cr) |
| Net Offered to Public | 63,75,000 shares (agg. up to ₹94 Cr) |
| Share Holding Pre Issue | 1,88,52,912 shares |
| Share Holding Post Issue | 2,42,22,912 shares |
| NSE Symbol | PUSHPA |
| ISIN | INE154801018 |
Pushpa Jewellers IPO comprises a total issue size of 67,11,000 shares. The net offer to the public is 63,75,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 31,87,000 (49.99%) are allocated to QIB, 9,57,000 (15.01%) allocated to NII 22,31,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,87,000 | 49.99% | 47.49% |
| − Anchor Investor Shares Offered | 9,56,000 | 14.25% | |
| − QIB (Ex. Anchor) Shares Offered | 22,31,000 | 33.24% | |
| NII (HNI) Shares Offered | 9,57,000 | 15.01% | 14.26% |
| Retail Shares Offered | 22,31,000 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.01% | |
| Total Shares Offered | 67,11,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,47,000 |
| Retail (Max) | 1 | 1,000 | ₹1,47,000 |
| HNI (Min) | 2 | 2,000 | ₹2,94,000 |
Pushpa Jewellers IPO raises ₹14.05 crore from anchor investors. Pushpa Jewellers IPO Anchor bid date is June 27, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 27, 2025 |
| Shares Offered | 9,56,000 |
| Anchor Portion (₹ Cr.) | 14.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 2, 2025 |
Incorporated in June 2009, Pushpa Jewellers Limited is a jewellery manufacturer specializing in lightweight 22kt designs that blend traditional Indian craftsmanship with modern aesthetics.
The company sells a range of Traditional and Modern Gold jewellery.
The company offers diverse high-quality jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas.
The company operates in various regions in India and exports jewellery to international markets like Dubai, the United States, and Australia.
The company operates three branches, which function as offices and showrooms, located in Hyderabad, Bangalore, and Chennai, India.
As of March 31, 2025, the company had approximately 90 employees at various organisational levels.
Competitive Strength:
Pushpa Jewellers Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 64% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 91.10 | 51.46 | 43.39 |
| Total Income | 281.27 | 255.49 | 165.84 |
| Profit After Tax | 22.29 | 13.58 | 8.14 |
| NET Worth | 58.14 | 36.08 | 22.50 |
| Reserves and Surplus | 39.28 | 35.84 | 22.27 |
| Total Borrowing | 21.93 | 8.26 | 14.79 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital Expenses | 45.39 |
| 2 | To Finance Establishment of proposed new showroom | |
| 3 | Cost of Capital expenditure for the proposed new showroom | 1.90 |
| 4 | Cost of Inventory for the proposed new showroom | 3.46 |
| 5 | General Corporate Purposes | 19.51 |
| 6 | To meet the offer related expenses | 8.68 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 47.31% |
| ROCE | 27.84% |
| Debt/Equity | 0.38 |
| RoNW | 38.34% |
| PAT Margin | 7.93% |
| EBITDA Margin | 11.30% |
| Price to Book Value | 4.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.82 | 9.20 |
| P/E (x) | 12.44 | 15.98 |
| Promoter Holding | 100% | 77.29% |
| Market Cap | ₹356.08 Cr. |
The Pushpa Jewellers IPO is subscribed 2.46 times on July 2, 2025 6:20:00 PM (Day 3). The public issue subscribed 3.71 times in the retail category, 1.18 times in the QIB category, and 2.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.18 | 22,31,000 | 26,43,000 | 8 |
| NII* | 2.51 | 9,57,000 | 24,03,000 | 646 |
| Retail | 3.71 | 22,31,000 | 82,69,000 | 8,269 |
| Total | 2.46 | 54,19,000 | 1,33,15,000 | 8,923 |
Total Application : 8,923
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.55 |
| 2 | Underwriting Fees | 4.57 |
| 3 | Fees Payable to the Market Maker to the Issue | 0.08 |
| 4 | Fees Payable to the Registrar to the Issue | 0.10 |
| 5 | Fees Payable for Advertising and Publishing expenses | 0.50 |
| 6 | Fees payable to Regulators including Stock Exchange and Depositories | 0.04 |
| 7 | Payment fees for Printing & Stationery, Postages, etc | 0.01 |
| 8 | Fees payable to Statutory Auditor, Legal Advisors and other Professionals | 0.05 |
| 9 | Concurrent Auditor | 0.01 |
| Total | 5.90 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹147.00 |
| Open | ₹112.00 |
| Low | ₹106.40 |
| High | ₹117.60 |
| Last Trade | ₹117.60 |
Lead Manager Reports
Pushpa Jewellers IPO is a SME IPO of 67,11,000 equity shares of the face value of ₹10 aggregating up to ₹99 Crores. The issue is priced at ₹147 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Jun 30, 2025, and closes on Wed, Jul 2, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pushpa Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Pushpa Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pushpa Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pushpa Jewellers IPO opens on Mon, Jun 30, 2025 and closes on Wed, Jul 2, 2025.
Pushpa Jewellers IPO lot size is 1000, and the minimum amount required for application is ₹1,47,000.
You can apply in Pushpa Jewellers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pushpa Jewellers IPO will be done on Thursday, July 3, 2025, and the allotted shares will be credited to your demat account by Fri, Jul 4, 2025. Check the Pushpa Jewellers IPO allotment status.
The Pushpa Jewellers IPO listing date is on Mon, Jul 7, 2025.
