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Pushpa Jewellers IPO

  • Status: Closed
  • RHP:
  • ₹ 143,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    07 Jul 2025

  • Listing Price

    ₹ 112.00

  • Listing Change

    -23.81%

  • Last Traded Price

    ₹ 123.00

Pushpa Jewellers IPO Details

  • Open Date

    30 Jun 2025

  • Close Date

    02 Jul 2025

  • Listing Date

    07 Jul 2025

  • IPO Price Range

    ₹ 143 to ₹147

  • IPO Size

    ₹ 93.71 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Pushpa Jewellers IPO Timeline

Pushpa Jewellers IPO Subscription Status

Last Updated: 04 July 2025 9:57 AM by 5paisa

Pushpa Jewellers Limited is set to launch its IPO on June 30, 2025. Incorporated in 2009, the company is a jewellery manufacturer specialising in lightweight 22kt gold designs that blend traditional Indian artistry with modern aesthetics.
The company offers a wide range of jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, mangalsutras, and kadas. Pushpa Jewellers has a strong domestic presence with showrooms in Hyderabad, Bangalore, and Chennai, and also exports jewellery to international markets such as Dubai, the USA, and Australia.

Established in: 2009
Managing Director: Mr. Mridul Tibrewal

Peers

Sky Gold Ltd
Khazanchi Jewellers Ltd
 

Pushpa Jewellers Objectives

The company plans to utilise the net IPO proceeds towards:

Meeting working capital requirements
Financing the establishment of a new showroom
Cost of capital expenditure for the new showroom
Cost of inventory for the new showroom
General corporate purposes
Offer-related expenses
 

Pushpa Jewellers IPO Size

Types Size
Total IPO Size ₹93.71 Cr
Offer For Sale ₹74.00 Cr
Fresh Issue ₹19.71 Cr

 

Pushpa Jewellers IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹1,43,000
Retail (Max) 1 1000 ₹1,43,000
HNI (Min) 2 2000 ₹2,86,000

Pushpa Jewellers IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 1.18 22,31,000 26,43,000 38.852
NII (HNI) 2.51 9,57,000 24,03,000 35.324
Retail 3.71 22,31,000 82,69,000 121.554
Total** 2.46 54,19,000 1,33,15,000 195.731

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 165.84 255.49 281.27
EBITDA 12.83 19.88 31.76
PAT 8.14 13.58 22.29
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 14.79 8.26 21.93
Share Capital 0.23 0.23 18.85
Total Borrowings 43.39 51.46 91.10
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 0.14 8.79 0.15
Net Cash Generated From / (used in) investing activities -10.62 0.43 -10.08
Net Cash Generated From / (used in) financing activities 10.36 -7.23 11.78
Net Increase (Decrease) In Cash And Cash Equivalents -0.13 1.98 1.85


Strengths

1. Strong brand identity with innovative jewellery designs.
2. Experienced promoters and a senior management team.
3. Efficient inventory management system.
4. High focus on quality assurance and security measures.
 

Weaknesses

1. Limited physical presence with only three branches.
2. A moderate employee base of about 90 may limit rapid expansion.
3. Borrowing has increased significantly in recent years.
4. Heavy reliance on the gold jewellery market fluctuations.
 

Opportunities

1. Growing international market presence (Dubai, USA, Australia).
2. Rising demand for lightweight 22kt gold jewellery.
3. Potential to expand the showroom network across India.
4. Increasing online sales and digital marketing scope.
 

Threats

1. Intense competition in jewellery manufacturing and retail.
2. Volatility in gold prices is affecting margins.
3. Economic downturns are impacting luxury spending.
4. Regulatory changes in import/export affecting international sales.

1. Established brand with a wide product range and design innovation
2. Consistent revenue and profit growth over the years
3. Strategic expansion into new markets through showrooms
4. Export presence in lucrative international markets
5. Experienced management and efficient operational systems
 

1. Growing preference for branded, lightweight gold jewellery
2. Organised jewellery players are gaining market share
3. Rising exports to global markets
4. Increasing urban demand for modern, fusion designs
 

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FAQs

Pushpa Jewellers IPO opens on June 30, 2025, and closes on July 2, 2025.
 

Pushpa Jewellers IPO size is ₹98.65 Cr, comprising a fresh issue of ₹78.94 Cr and an offer for sale of ₹19.71 Cr.

Pushpa Jewellers IPO price band is fixed between ₹143 and ₹147 per share.
 

 To apply for Pushpa Jewellers IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Pushpa Jewellers IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app
 

The minimum lot size of Pushpa Jewellers IPO is 1,000 shares with a minimum investment of ₹1,43,000.
 

The allotment of Pushpa Jewellers IPO is expected to be finalised on July 3, 2025.

Tentative listing date of Pushpa Jewellers IPO is July 7, 2025, on the NSE SME platform.
 

Affinity Global Capital Market Private Limited is the book-running lead manager of Pushpa Jewellers IPO.

 Pushpa Jewellers plans to utilise the IPO proceeds towards:

  • Working capital needs, 
  • New showroom establishment, 
  • Inventory purchase, 
  • General corporate purposes.
  • Offer-related expenses