Pushpa Jewellers IPO Allotment Status

How to Check Pushpa Jewellers IPO Allotment Status?

Pushpa Jewellers Limited, incorporated in June 2009, is a jewellery manufacturer specializing in lightweight 22kt designs that blend traditional Indian craftsmanship with modern aesthetics, selling range of Traditional and Modern Gold jewellery including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas, operating in various regions in India and exporting jewellery to international markets like Dubai, United States, and Australia through three branches functioning as offices and showrooms located in Hyderabad, Bangalore, and Chennai, employing approximately 90 employees at various organizational levels as of March 31, 2025.

The Pushpa Jewellers IPO comes with a total issue size of ₹98.65 crore, being a combination of fresh issue of 53.70 lakh shares aggregating to ₹78.94 crore and offer for sale of 13.41 lakh shares aggregating to ₹19.71 crore. The IPO opened on June 30, 2025, and closed on July 2, 2025. The allotment for the Pushpa Jewellers IPO is expected to be finalized on Thursday, July 3, 2025. The Pushpa Jewellers share price is set at ₹143-₹147 per share.

Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks!

Open Account Now

Steps to Check Pushpa Jewellers IPO Allotment Status on Registrar Site

• Visit the Cameo Corporate Services Limited website
• Select "Pushpa Jewellers IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Pushpa Jewellers IPO Allotment Status on NSE SME

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Pushpa Jewellers IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Pushpa Jewellers IPO Subscription Status

Pushpa Jewellers IPO received moderate investor interest, being subscribed 2.46 times overall. The subscription showed mixed confidence across different categories in the Pushpa Jewellers stock price potential. Here is a category-wise breakdown of the subscription as of 5:40:00 PM on July 2, 2025:

• Retail Category: 3.71 times
• Qualified Institutional Buyers (QIB): 1.18 times
• Non-Institutional Investors (NII): 2.51 times

Pushpa Jewellers Share Price and Investment Details

The Pushpa Jewellers stock price is set at ₹143-₹147 per share with a minimum lot size of 1,000 shares. The minimum investment required for retail investors is ₹1,47,000, while HNI investors need to invest a minimum of ₹2,94,000 for 2 lots. Given the moderate subscription response of 2.46 times overall, with good retail response of 3.71 times but limited QIB response of 1.18 times, the Pushpa Jewellers share price is expected to list with modest premium.

Utilisation of IPO Proceeds
 

The funds raised through the IPO will be utilised as follows:

• Working Capital Expenses: ₹45.39 crore
• New Showroom Establishment: Financing establishment of proposed new showroom
• Capital Expenditure: Cost for proposed new showroom (₹1.90 crore)
• Inventory Cost: Inventory for proposed new showroom (₹3.46 crore)
• General Corporate Purposes: Supporting various business initiatives
• Offer Related Expenses: IPO-related costs

Business Overview

The company operates in wholesale business of gold and traditional jewelleries in B2B segment, currently having 4 showrooms and expanding 1 more showroom at Vijayawada with management claiming to be pioneers in lightweight jewelleries. Pushpa Jewellers operates primarily in the jewellery manufacturing and retail sector, providing traditional and modern gold jewellery through distinctive brand identity and innovative design, experience of promoters and senior management team, efficient inventory management, quality assurance, and safety, security and surveillance systems.

The company's competitive strengths include distinctive brand identity with innovative lightweight 22kt designs, experienced promoters and senior management team with industry expertise, efficient inventory management ensuring optimal stock levels, comprehensive quality assurance processes, and robust safety, security and surveillance systems, serving domestic and international jewellery markets through established showroom network and export operations with focus on blending traditional Indian craftsmanship with modern aesthetics in highly competitive and fragmented jewellery industry.