Pushpa Jewellers IPO
Pushpa Jewellers IPO(PUSHPA)
Total Shares
67,11,000
Issue Size
₹98.65 Cr
Price Band
₹143 – ₹147
Lot Size
1000 shares
Min. Investment
₹1,47,000
Max. Investment
₹1,47,000
Open Date
30 Jun, 2025
Close Date
02 Jul, 2025
Allotment
03 Jul, 2025
Listing
07 Jul, 2025
Max. Investment
₹1,47,000
Announced
30 Jun, 2025
Opening Date
30 Jun, 2025
Closing Date
02 Jul, 2025
Basis of Allotment
03 Jul, 2025
Initiation of Refunds
04 Jul, 2025
Credit of Shares
04 Jul, 2025
Listing Date
07 Jul, 2025
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Pushpa Jewellers IPO
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 int
Pushpa Jewellers IPO Share Price
Issue Breakdown
Shareholding
Dilution: 28.5% increase in shares
Pushpa Jewellers IPO Promoter Holding
Pushpa Jewellers IPO Financial Health
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.
Pushpa Jewellers IPO Lot Size
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,47,000 |
| Retail (Max) | 1 | 1000 | ₹1,47,000 |
| HNI (Min) | 2 | 2000 | ₹2,94,000 |
(All values in CR)
Pushpa Jewellers IPO Valuations
The market capitalization of Pushpa Jewellers IPO is ₹356.08 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 | 7.68 |
(All values in CR)
Pushpa Jewellers IPO Strength & Risk
Pushpa Jewellers SME IPO Strengths:
- Distinctive Brand Identity and Innovative Design
- Experienced Promoters and senior management team
- Quality Assurance with hallmark
- Efficient Inventory Management
Pushpa Jewellers SME IPO Risk:
Gold-price volatility: Profit margins and inventory valuation are directly affected by fluctuations in gold and gemstone prices.
Dependency on suppliers/artisans: Reliance on external karigars and raw-material suppliers poses risks in quality control, continuity, and cost stability.
Working-capital intensity: High capital required for inventory and new showroom setup indicates ongoing financial vulnerability.
Limited retail presence & regional concentration: Predominant operations in South India with minimal direct retail exposure increases dependency on a specific geography.
Logistics & infrastructure risks: Dependence on third-party transport, leased showrooms, and fluctuating lease renewals can disrupt operations.
Customer/order concentration: Revenue relies heavily on a few clients; cancellations or delays could sharply affect financials.
Key-personnel dependency: Over-reliance on promoters, senior management, and specific artisans introduces continuity risk.
SME-listing liquidity constraints: NSE‑SME platform may exhibit low trading volumes, wide bid–ask spreads, and difficulties in exiting positions.
Market volatility & grey-market speculation: SME stocks often swing sharply at listing; GMP manipulation can lead to pump-and-dump scenarios.
Regulatory restrictions: SEBI rules limit general-purpose fund usage (max 15%) and impose lock-ins on promoters, reducing flexibility.
Pushpa Jewellers IPO Subscription
Pushpa Jewellers IPO subscribed 2.46 times. The public issue subscribed 3.71 times in the retail category, 1.18 times in QIB, and 2.51 times in the NII category by July 2, 2025 6:20:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 9,56,000 | 9,56,000 | 14.053 |
| Market Maker | 1.00 | 3,36,000 | 3,36,000 | 4.939 |
| Qualified Institutions | 1.18 | 22,31,000 | 26,43,000 | 38.852 |
| Non-Institutional Buyers | 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 |
Pushpa Jewellers SME IPO GMP
Pushpa Jewellers was listed on the stock exchange on 07-07-2025. The IPO was subscribed 2.46x. The last GMP for Pushpa Jewellers IPO was ₹0, updated on Jul 7th 2025 09:35 AM. As per the last GMP, the expected profit/loss for the IPO was 0.00%. The issue price of Pushpa Jewellers IPO (PUSHPA) was ₹147.00, listed at a price of ₹112.00, which is -23.81% lower than the allotment price. The expected IPO listing price as per grey market was ₹147, listed below GMP price and marked as negative listing for GMP.
Last updated 07 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 07 Jul, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 07 Jul, 2025 |
| 06 Jul, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 06 Jul, 2025 |
| 05 Jul, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 05 Jul, 2025 |
| 04 Jul, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 04 Jul, 2025 |
| 03 Jul, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 03 Jul, 2025 |
| 02 Jul, 2025 | 147 | ₹0▼ | - | ₹147 (0.00%) | - | 02 Jul, 2025 |
| 01 Jul, 2025 | 147 | ₹5▼ | 3800 | ₹152 (3.40%) | 5000 | 01 Jul, 2025 |
| 30 Jun, 2025 | 147 | ₹31▲ | 23600 | ₹178 (21.09%) | 31000 | 30 Jun, 2025 |
| 29 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 29 Jun, 2025 |
| 28 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 28 Jun, 2025 |
| 27 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 27 Jun, 2025 |
| 26 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 26 Jun, 2025 |
| 25 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 25 Jun, 2025 |
| 24 Jun, 2025 | 147 | ₹0 | - | ₹147 (0.00%) | - | 24 Jun, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Pushpa Jewellers IPO
Follow the below steps to know whether you got the APushpa Jewellers public issue IPO allotment or not; Visit to the Cameo (registrar's) IPO allotment page (Link) Select the issuer company name as Pushpa Jewellers from the drop-down menu. Now, choose to enter either your PAN number, IPO Application number, or DP client ID/Demat account number. Enter details as per selected option. Tap on the 'Search' option and the allotment status will be appear on the screen. The screen will display shares applied by you and shares alloted to you.
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Pushpa Jewellers IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.