Sparkle on the Street—Pushpa Jewellers Sets IPO Gold Standard

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Pushpa Jewellers Ltd, a pan-India B2B gold jewellery manufacturer, will open for its initial public offering (IPO) on June 30, 2025, with the target of raising up to ₹98.65 crore. The IPO's subscription period shall remain open till July 2, 2025, and the stock shall get listed on the NSE SME platform on July 7, 2025.

1. IPO Composition and Important Details

Price Band: ₹143 to ₹147 per share
Issue Size: ₹98.65 crore
Fresh Issue: ₹78.94 crore (53.70 lakh shares)
Offer for Sale: ₹19.71 crore (13.41 lakh shares)
Lot Size: 1,000 shares
Minimum Investment: ₹1,47,000 for retail investors
Anchor Book Opens: June 27, 2025
Allotment Date: July 3, 2025
Listing Date: July 7, 2025

2. Utilisation of Proceeds

Proceeds from the IPO will be used to:

Establish a new showroom
Fund inventory and capital expenditure
Fund working capital needs
Cover overall corporate goals

3. Financial Summary

FY24 Revenue: ₹255.49 crore
FY24 PAT: ₹13.58 crore
FY25 Revenue (YTD): ₹281.06 crore
FY25 PAT (YTD): ₹22.29 crore The firm showed significant growth in revenue and profitability along with superior retail and export growth.

4. Grey Market Premium (GMP)

There is no reported active GMP (Grey Market Premium) till now for Pushpa Jewellers IPO, indicating a neutral market sentiment.

Sources: MSN, Moneycontrol, Chittorgarh, IPO Watch