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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 ₹147.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,43,000 (1000 shares). The minimum lot size investment for 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 Date | June 30, 2025 to July 2, 2025 |
| Listing Date | July 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹143 to ₹147 per share |
| Issue Price Final | ₹147 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 67,11,000 shares (aggregating up to ₹98.65 Cr) |
| Reserved for Market Maker | 3,36,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹4.94 Cr) |
| Fresh Issue (Ex Market Maker) | 50,34,000 shares (aggregating up to ₹74.00 Cr) |
| Offer for Sale | 13,41,000 shares of ₹10 (aggregating up to ₹19.71 Cr) |
| Net Offered to Public | 63,75,000 shares (aggregating up to ₹93.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,88,52,912 shares |
| Share Holding Post Issue | 2,42,22,912 shares |
Pushpa Jewellers IPO offers total 67,11,000 shares. Out of which 31,87,000 (47.49%) allocated to QIB, 22,31,000 (33.24%) allocated to QIB, 9,57,000 (14.26%) allocated to NII, 22,31,000 (33.24%) allocated to RII and 9,56,000 (14.25%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.01%) |
| QIB Shares Offered | 31,87,000 (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 (14.26%) |
| Retail Shares Offered | 22,31,000 (33.24%) |
| Total Shares Offered | 67,11,000 (100.00%) |
Pushpa Jewellers IPO raises ₹14.05 crore from anchor investors. Pushpa Jewellers IPO Anchor bid date is June 27, 2025. Pushpa Jewellers IPO Anchor Investors list
| Bid Date | June 27, 2025 |
| Shares Offered | 9,56,000 |
| Anchor Portion Size (In Cr.) | 14.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 2, 2025 |
Pushpa Jewellers IPO opens on June 30, 2025, and closes on July 2, 2025.
| IPO Open Date | Mon, Jun 30, 2025 |
| IPO Close Date | Wed, Jul 2, 2025 |
| Tentative Allotment | Thu, Jul 3, 2025 |
| Initiation of Refunds | Fri, Jul 4, 2025 |
| Credit of Shares to Demat | Fri, Jul 4, 2025 |
| Tentative Listing Date | Mon, Jul 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 2, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Limited'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 market capitalization of Pushpa Jewellers IPO is ₹356.08 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 11.82 | 9.20 |
| P/E (x) | 12.44 | 15.98 |
The Company Pushpa Jewellers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] PJL is in the wholesale business of gold and traditional jewelleries in B2B segment. Currently it has 4 showrooms and expanding 1 more showroom at Vijayawada. The management claims to be the pioneers in light weight jewelleries. Based on its recent set of financials, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | July 7, 2025 |
| BSE Script Code | |
| NSE Symbol | PUSHPA |
| ISIN | INE154801018 |
| Final Issue Price | ₹147 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹147.00 |
| Open | ₹112.00 |
| Low | ₹106.40 |
| High | ₹117.60 |
| Last Trade | ₹117.60 |
Pushpa Jewellers Ltd.
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/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Pushpa Jewellers IPO is a SME IPO of 67,11,000 equity shares of the face value of ₹10 aggregating up to ₹98.65 Crores. The issue is priced at ₹147 per share. The minimum order quantity is 1000.
The IPO opens on June 30, 2025, and closes on July 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 June 30, 2025 and closes on July 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 Friday, July 4, 2025. Check the Pushpa Jewellers IPO allotment status.
The Pushpa Jewellers IPO listing date is on Monday, July 7, 2025.
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