Pushpa Jewellers IPO description – Pushpa Jewellers specializes in the jewellery-making business, offering a diverse range of traditional and modern gold jewellery. The company operates across multiple regions in India and exports its products to international markets, including Dubai, the United States, and Australia. Currently, the company has three office-cum-showroom branches located in Hyderabad, Bangalore, and Chennai.
Pushpa Jewellers follows a B2B (business-to-business) model, primarily selling in bulk to retailers, wholesalers, and other corporations. Its product portfolio includes necklaces, kanthas, earrings, chokers, chick sets, bangles, rings, and mangalsutras. For the fiscal year 2025, the company reported a total revenue of INR 281.06 crore, with INR 274.93 crore generated from domestic sales and INR 6.13 crore from exports.
Most of the company’s jewellery is crafted by skilled artisans on a contractual basis in Kolkata. As of 31 March 2025, Pushpa Jewellers employs approximately 90 people.
Promoters of Pushpa Jewellers – Mr. Mridul Tibrewal, Mr. Madhur Tibrewal, and Mr. Anupam Tibrewal
Table of Contents
Pushpa Jewellers Offer Details
| Pushpa Jewellers IPO Dates | 30 June – 2 July 2025 |
| Pushpa Jewellers Issue Price | INR 143 – 147 per share |
| Fresh issue | 53,68,800 shares (INR 76.77 – 78.92 crore) |
| Offer For Sale | 13,42,200 shares (INR 19.19 – 19.73 crore) |
| Total IPO size | 67,11,000 shares (INR 95.97 – 98.65 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 1,47,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Pushpa Jewellers Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 165.80 | 255.34 | 281.06 |
| Expenses | 153.93 | 237.33 | 251.47 |
| Net income | 8.14 | 13.58 | 22.29 |
Pushpa Jewellers Offer News
- Pushpa Jewellers RHP
- Pushpa Jewellers Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Pushpa Jewellers Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 4.32 | 7.20 | 11.82 |
| PE ratio | – | – | 12.10 – 12.44 |
| RONW (%) | 36.20 | 37.63 | 38.34 |
| NAV | 11.93 | 19.14 | 30.83 |
| ROCE (%) | 21.84 | 30.62 | 27.84 |
| Operating EBITDA (%) | 7.74 | 7.78 | 11.30 |
| Debt/Equity | 0.66 | 0.23 | 0.38 |
Pushpa Jewellers IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 July 2025 | 10 | – | 7,000 |
| 2 July 2025 | 30 | – | 23,000 |
| 1 July 2025 | 25 | – | 20,000 |
Pushpa Jewellers IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 22,31,000 | 9,57,000 | 22,31,000 | 54,19,000 |
| 2 Jul 2025 | 1.18 | 2.86 | 3.71 | 2.52 |
| 1 Jul 2025 | 0.89 | 1.58 | 1.58 | 1.29 |
| 30 Jun 2025 | 0.76 | 0.02 | 0.10 | 0.36 |
The market maker reservation portion of 3,36,000 shares and the anchor investor portion of 9,56,000 shares are not included in the above calculations.
Pushpa Jewellers IPO Allotment Status
Pushpa Jewellers IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Pushpa Jewellers IPO Dates & Listing Performance
| IPO Opening Date | 30 June 2025 |
| IPO Closing Date | 2 July 2025 |
| Finalization of Basis of Allotment | 3 July 2025 |
| Initiation of refunds | 4 July 2025 |
| Transfer of shares to demat accounts | 4 July 2025 |
| IPO Listing Date | 7 July 2025 |
| Opening Price on NSE SME | INR 112 per share (down 23.81%) |
| Closing Price on NSE SME | INR 117.60 per share (down 20%) |
Pushpa Jewellers Offer Lead Manager
AFFINITY GLOBAL CAPITAL MARKET PRIVATE LIMITED
20B, Abdul Hamid Street, East India House,
1st Floor, Room No. 1G, Kolkata – 700069
Phone: +91 33 4004 7188
Email: [email protected]
Website: www.affinityglobalcap.in
Pushpa Jewellers Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 1 Club House Road
Chennai – 600 002
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.cameoindia.com
Pushpa Jewellers Issue Contact Details
PUSHPA JEWELLERS LIMITED
22, East Topsia Road, 4th Floor, Fl – 4A,
Tirumala, Gobinda Khatick Road, A.C. Lane,
Kolkata – 700046, West Bengal, India
Phone: +91 033 4006 3093
E-mail: [email protected]
Website: www.pushpajewellers.com
IPO FAQs
What is Pushpa Jewellers offer size?
Pushpa Jewellers offer size is INR 95.97 – 98.65 crores.
What is Pushpa Jewellers offer price band?
Pushpa Jewellers public offer price is INR 143 – 147 per share.
What is the lot size of Pushpa Jewellers IPO?
Pushpa Jewellers offer lot size is 1,000 shares.
What is Pushpa Jewellers IPO GMP today?
Pushpa Jewellers IPO GMP today is INR 10 per share.
What is Pushpa Jewellers kostak rate today?
Pushpa Jewellers kostak rate today is INR NA per application.
What is Pushpa Jewellers Subject to Sauda rate today?
Pushpa Jewellers’s Subject to Sauda rate today is INR 7,000 per application.