Pushpa Jewellers Ltd. IPO

Pushpa Jewellers Ltd., established in 2009, operates in the Gems, Jewellery & Precious Metals sector. The company's IPO opened on June 30, 2025 and closed on July 2, 2025, with an issue price of ₹147. The Pushpa Jewellers Ltd. IPO is a book-built issue of ₹65.86 Cr, with a price band of ₹143 to ₹147 per share. The issue includes a total of 44.80 Lakh shares on offer. The shares got listed on NSE SME on July 7, 2025. As of the latest update, the stock is trading at ₹103.70 on NSE.
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Min Investment
₹ 1,47,000 / 1000 shares
Price Range
₹143 - ₹ 147
Bidding Dates
30 Jun '25 - 2 Jul '25
Total Issue Value
65.86 Cr
Lot Size
1,000
Total Issue Size
65.86 Cr
Listing At
NSE SME
Subscription
3.03 times
NSE Price
103.70 (-29.46%)

IPO Timeline

  • 30 Jun 2025
    Bidding Starts
  • 2 Jul 2025
    Bidding Ends
  • 3 Jul 2025
    Allotment Finalization
  • 7 Jul 2025
    Listing

About Pushpa Jewellers Ltd.

We are a wholesaler jewellery maker in B2B with a presence across India. Our jewellery business includes the sale of wide range of Traditional and Modern Gold jewellery. Our main focus is in detailing and highlighting small areas minutely as our jewellery consists of some of the world’s finest stones namely Emerald, Jade, Pearl and Meena. We have a presence across multiple regions in India and we also export our jewellery in international markets like Dubai, United States and Australia. Our story is woven into each piece of gold jewellery we create. With a legacy spanning decade, we have honed our craft to perfection, bringing forth a diverse array of intricately designed necklaces, bracelets, earrings and rings. Each piece is a testament to our commitment to preserving rich heritage while embracing modern aesthetics.

We integrate the design and creation processes within the organization to enhance efficiency and creativity by managing the entire process internally, from conceptual design to final production, we ensure tighter quality control, quicker turnaround times, and a more cohesive brand vision. In-house design allows for close collaboration between designers and production teams, fostering innovation and immediate adjustments based on feedback or market trends. Streamlined production further optimizes operations by minimizing external dependencies, reducing lead times, and improving cost-efficiency. This facilitates a more agile response to market demands and ensures that the final product aligns closely with the original design intent, resulting in high-quality gold jewellery that meets or exceeds customer expectations.

We operate our manufacturing through Karigars engaged as Job Workers who are experienced in artistic work in carving and processing of plain and studded gold jewellery across Kolkata. It involves outsourcing specific tasks or processes to external contractors or subcontractors. This outsourcing arrangement allow us to leverage specialized skills, equipment, or resources that may not be available in-house, thereby enhancing efficiency and flexibility in production. Our Karigars’ manufacturing units are located in key areas of Kolkata. We have our own in-house Design Team managed by our promoters. They prepare and finalize the design, which are then sent to the Karigars. The Karigars prepare draf s of the products, which undergoes 2-3 rounds of verification by the promoters. Once finalized, the Karigars create the final piece of product on a sample basis.

Currently, we have three branches which are office cum showrooms in India, situated in Hyderabad, Bangalore, and Chennai. Our plans are to expand further by establishing more additional showrooms or branches in key locations such as Vijayawada. Additionally, we take pride in exporting our jewellery to international markets including Dubai, Australia, and the United States. With this we are involved in sales which is selling products to other businesses rather than individual consumers. This typically includes selling in bulk to retailers, wholesalers, or other corporations who may use the jewellery as part of their product line.

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Parent organisation
Founded
Pushpa Jewellers Ltd.
2009

Pushpa Jewellers Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 9,56,000 (21.34%)
Market Makers 3,36,000 (7.5%)
Non Institutional Investors 9,57,000 (21.36%)
Qualified Institutional Buyers (QIBs) 22,31,000 (49.8%)
Retail Individual Investors (RIIs) 22,31,000 (49.8%)

Pushpa Jewellers Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2025 281.27 Cr 22.29 Cr 39.28 Cr
31 Mar 2024 255.49 Cr 13.26 Cr 35.84 Cr
31 Mar 2023 165.84 Cr 8.57 Cr 22.69 Cr

Pushpa Jewellers Ltd. Background

Major Events And Milestones
  • 2009
    Incorporation of our Company in the name & style of “Pushpa Jewellers Private Limited”.
    Obtained Registration of device mark under Class 14 with the Registrar of Trademarks under the Trademarks Act, 1999
  • 2020
    Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Kolkata
  • 2021
    Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Chennai
    Obtained Membership with the Gem and Jewellery Export Promotion Council, Kolkata
  • 2022
    Opening of our semi-showroom which was more of a showroom cum office in Hyderabad, Telangana
    Opening of our showroom cum office in Chennai, Tamil Nadu
    Obtained Membership of India Bullion and Jewellers Association Limited,
    Acquisition of the property which is our present Registered and Corporate Office
    Obtained Certificate of Registration from Office of the Deputy Commissioner of Customs Air Cargo Complex, Shamshabad, Hyderabad to receive duty free Gold from the Nominated Agencies for Export of Gold Jewellery
    Our revenue from operations touched the milestone of 100.00 Crores
  • 2023
    Obtained Certificate of Registration from Office of the Deputy Commissioner of Customs Port Commissionerate, Kolkata to receive duty free Gold from the Nominated Agencies for Export of Gold Jewellery
    Opening of our showroom cum office in Bengaluru, Karnataka 03/
  • 2024
    Obtained Life Membership of Hitech City Jewellery Manufacturers Association, Hyderabad
    Renewed Life Membership of All India Gem and Jewellery Domestic Council, Mumbai
    Our revenue from operations touched the milestone of 250.00 Crores
    Acquisition of property in Hyderabad, Telangana
    Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Hyderabad
    Obtained Certificate of Registration for selling Articles with hallmark on Gold Jewellery and Artifacts in Bengaluru
    Conversion of our Company from a private limited company to a public limited company
Pushpa Jewellers Ltd. Object of Issues

1. To meet working capital expenses
2. To Finance Establishment of proposed new showroom
(a) Cost of Capital expenditure for the proposed new showroom
(b) Cost of Inventory for the proposed new showroom
3. General Corporate Purpose
4. To meet Offer Related Expenses

Pushpa Jewellers Ltd. IPO Listing Details
Listing Date
7 Jul 2025
NSE Symbol
PUSHPAJEW
ISIN
INE154801018
Final Issue Price
₹ 147
Pushpa Jewellers Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 147.00
Open - ₹ 112.00
Low - ₹ 106.40
High - ₹ 117.60
Last Trade - ₹ 117.60
Pushpa Jewellers Ltd. Company Promoters

1. Mr. Anupam Tibrewal
2. Mr Mridul Tibrewal
3. Mr. Madhur Tibrewal

Industry Overview

As per the current market research conducted by Custom Market Insight Market Research Team, the global jewellery market is expected to record a CAGR of 4.6% from 2023 to 2030. In 2023, the market size is projected to reach a valuation of US$ 356.36 billion by 2030, the valuation is anticipated to ... Read more

Pushpa Jewellers Ltd. IPO Registrar
Cameo Corporate Services Ltd.
"Subramanian Building", #1, Club House Road, Chennai (Madras) Tamil Nadu - 600002
40020700, 28460390
Pushpa Jewellers Ltd. IPO Lead Manager(s)
Affinity Global Capital Market Pvt. Ltd.
20B, Abdul Hamid Street, East India House, 1st Floor, Room No. 1F, Kolkata West Bengal - 700069
40047188

FAQs

When does Pushpa Jewellers Ltd. IPO opens and closes?

Pushpa Jewellers Ltd. IPO opens from 30th June to 2nd July 2025.

What is the size of Pushpa Jewellers Ltd. IPO?

The size of the Pushpa Jewellers Ltd. IPO is ₹65.86 Cr.

What is the price range of Pushpa Jewellers Ltd. IPO?

The price range of Pushpa Jewellers Ltd. IPO is at ₹143 to ₹147 per share.

What is the minimum investment and lot size required for the Pushpa Jewellers Ltd. IPO?

The minimum investment required is ₹1,47,000 and minimum lot size is 1000 shares.

When is Pushpa Jewellers Ltd. IPO listing date?

The Pushpa Jewellers Ltd. IPO will be listed on 7th July 2025.

What is the objective of Pushpa Jewellers Ltd. IPO?

1. To meet working capital expenses
2. To Finance Establishment of proposed new showroom
(a) Cost of Capital expenditure for the proposed new showroom
(b) Cost of Inventory for the proposed new showroom
3. General Corporate Purpose
4. To meet Offer Related Expenses

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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