Pushpa Jewellers IPO Details
The key details of Pushpa Jewellers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹98.65 Cr |
| Price Range | ₹143 - ₹147 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,47,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Pushpa Jewellers IPO Timelines
The IPO process for Pushpa Jewellers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
30/06/2025
Start Date02/07/2025
End Date04/07/2025
Refund Initiation04/07/2025
Credit of Shares to Demat Ac07/07/2025
Listing DatePushpa Jewellers IPO Lot Size
The Pushpa Jewellers IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹147 per share, requiring ₹147,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹294,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,47,000 |
| Retail Maximum | 1 | 1000 | ₹1,47,000 |
| HNI Minimum | 2 | 2000 | ₹2,94,000 |
Pushpa Jewellers IPO Subscription Status
The subscription status for Pushpa Jewellers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.18x | 2.47x | 3.35x | -- | 2.30x |
IPO Performance on Listing Day
On the listing day (July 7, 2025), Pushpa Jewellers made a weak debut on the stock exchange. The stock opened at ₹112, registering a sharp discount of 23.8% against its issue price of ₹147. Throughout the trading session, the stock showed limited recovery, climbing to a high of ₹117.60 while touching a low of ₹106.40. The shares concluded their first trading day at ₹117.60, closing with a loss of 20% from the issue price, reflecting subdued investor sentiment towards this jewellery retailer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹112.00 | ₹117.60 | ₹117.60 | ₹106.40 |
Pushpa Jewellers IPO Company Financials
Pushpa Jewellers reports robust performance in FY2024 with Total Income of ₹255.49 crores, managing expenses at ₹237.33 crores, and achieving a strong PAT (Profit After Tax) of ₹13.58 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹73.91 | ₹98.91 | ₹6.17 |
| FY 2023 | ₹165.84 | ₹153.93 | ₹8.14 |
| FY 2024 | ₹255.49 | ₹237.33 | ₹13.58 |
| FY 2025 (2 M) | ₹66.47 | ₹56.47 | ₹7.48 |
About Company
Pushpa Jewellers Limited, incorporated in June 2009, is a jewellery manufacturer known for its expertise in crafting lightweight 22kt gold designs that fuse traditional Indian craftsmanship with contemporary aesthetics. The company offers a wide array of high-quality jewellery products, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas, catering to both traditional and modern tastes.
With operations spanning across India, Pushpa Jewellers has established a presence in key cities through its branches in Hyderabad, Bangalore, and Chennai, which serve as both offices and showrooms. The company also exports its jewellery to international markets such as Dubai, the United States, and Australia. As of June 30, 2024, it employed around 69 individuals across various levels of its organization.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2009 | Diamond, Gems and Jewellery | Anupam Tibrewal |
Know Before Investing
Pushpa Jewellers IPO Strengths
- The company’s vision is to make designer and affordable jewelry accessible to a wide customer base, targeting the mass market segment.
- Pushpa Jewellers operates as both a manufacturer and retailer, enabling better quality control and supply chain efficiency.
- The company has expanded from a single retail shop in Kolkata to multiple outlets, including supplying other multi-outlet retail jewelry shops across India.
- Pushpa Jewellers offers a wide range of designer jewelry, catering to various tastes and occasions, enhancing customer choice and loyalty.
- Pushpa Jewellers has built a robust supply chain, supplying its products to retailers across India, indicating strong market penetration.
- The company emphasizes customer service and satisfaction, which is reflected in its repeat clientele and positive market response.
Pushpa Jewellers IPO Risks
- Losing key customers or a decline in business from major retailers and wholesalers could adversely impact revenue and business performance.
- The company’s revenue depends on the timing and volume of orders from B2B clients, leading to uneven cash flows and financial uncertainty.
- Revenue is subject to fluctuations based on festive seasons, weddings, and other events, resulting in inconsistent earnings throughout the year.
- The company must comply with evolving regulations in the jewelry sector, including hallmarking, import-export policies, and taxation, with non-compliance risking penalties or operational disruptions.
- Profitability is sensitive to fluctuations in gold and precious metal prices, which are beyond the company’s control and can impact margins.
- The company relies on skilled artisans and contract workers for jewelry crafting; any labor shortages or quality issues could affect production and customer satisfaction.
Swot Analysis for Pushpa Jewellers IPO
Strengths
Long-standing Industry Presence, Specialization in Lightweight Jewellery, Strong Leadership and Vision
Weaknesses
Regional Concentration, Moderate Scale, Limited Direct-to-Consumer Presence
Opportunities
Growing Demand for Lightweight Jewellery, Expansion into New Markets, Brand Building Initiatives
Threats
Intense Competition, Regulatory and Compliance Risks, Economic Downturns
Company Details
Pushpa Jewellers Limited
Unit 4A, Tirumala 22, Premises No. 22, East Topsia Road, Kolkata-700046, India.
Phone: 033 4006 3154
Email: cs@pushpajewellers.in
Website: http://www.pushpajeweller.com/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Pushpa Jewellers IPO are:
- 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
Affinity Global Capital Market Private Limited is the book-running lead managers for the Pushpa Jewellers IPO.
Pushpa Jewellers IPO showcases strong growth potential, driven by impressive financial metrics and a favorable market environment. With a high ROE of 46.36% and ROCE of 47.90%, the company demonstrates strong profitability and efficient capital utilization. Its presence in the culturally significant and fast-growing Indian jewellery sector further strengthens its expansion prospects.
The issue price for the Pushpa Jewellers IPO is set between ₹143 to ₹147 per share.
To invest in one lot of Pushpa Jewellers IPO, you need ₹1,43,000 at the lower price band (₹143 per share) or ₹1,47,000 at the upper price band (₹147 per share) for a lot size of 1000 shares.
Pushpa Jewellers IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on July 7, 2025.
Refund/unblocking of funds for Pushpa Jewellers IPO will begin on July 4, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Pushpa Jewellers IPO shares on listing day (July 7, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.