Pushpa Jewellers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 30, 2025 to July 2, 2025 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 143 to ₹ 147 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 67,11,000 shares (aggregating up to ₹ 98.65 Cr) |
| Reserved for Market Maker | 3,36,000 shares (aggregating up to ₹ 4.94 Cr) |
| Fresh Issue (Ex Market Maker) | 50,34,000 shares (aggregating up to ₹ 74.00 Cr) |
| Offer for Sale (Ex Market Maker) | 13,41,000 shares of ₹10 (aggregating up to ₹ 19.71 Cr) |
| Net Offered to Public | 63,75,000 shares (aggregating up to ₹ 93.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,88,52,912 shares |
| Share Holding Post Issue | 2,42,22,912 shares |
About Pushpa Jewellers Limited IPO
Pushpa Jewellers Limited is offering its SME IPO on the NSE Emerge platform between June 30, 2025 and July 2, 2025. The size of the IPO is around ₹98.65 crores and the price band has been set at ₹143-147 per equity share of face value of 10 rupees. Investors will be able to invest in multiples of 1,000 shares and the minimum investment would be approximately ₹1.47 lakh at the higher price band. The problem is a new issue of 53.7 lakh shares and an Offer for Sale (OFS) of 13.41 lakh shares by promoters.
Company Background
The company was incorporated in 2009 as Pushpa Jewellers Private Limited and became a public limited company in July 2024. Based in Kolkata, Pushpa Jewellers Limited is a B2B gold jewellery manufacturing company that is present in India and some international countries. Its promoters include Mr. Anupam Tibrewal (Managing Director) and Mr. Mridul Tibrewal.
Operations & Product Range
Facility & Production
Pushpa Jewellers has office-cum-showrooms in Hyderabad, Bangalore and Chennai which will be extended to Vijayawada. The company integrates internal design with outsourced manufacturing done by 33 experienced Karigars located in Kolkata. This mixed system guarantees craftsmanship and effective manufacturing. The company maintains stock and cost management through the use of an integrated management system (IMS).
Brands & Market Presence
The company deals in a variety of both traditional and modern gold jewellery, such as necklaces, rings, bangles, earrings, bracelets, pendants, mangal sutras and kadas. It is made of high-quality stones like emeralds, pearls, jade and meena. Pushpa Jewellers has a wide range of customer demands, such as bridal jewellery and daily wear and exports to Dubai, the USA and Australia. The company is BIS certified and its products have the BIS hallmark.
Revenue Channels
Pushpa Jewellers is mainly a wholesale B2B company that sells jewellery in large quantities to retailers and other companies. The company has recorded steady growth in its revenue, with revenue generated during operations rising by ₹92.94 crore or 56.00 percent, to ₹255.34 crore in FY24 and profit after tax increasing by ₹5.44 crore or 66.67 percent, to ₹13.58 crore in the same period. The company also enjoys export earnings in the international market.
Management & Shareholding
Promoters & Shareholding
Its promoters are Mr. Anupam Tibrewal and Mr. Mridul Tibrewal. Promoters are offering 13.41 lakh shares in the IPO via OFS. Mridul Tibrewal and Anupam Tibrewal have a weighted average cost of acquisition of ₹1.24 and ₹2.06 respectively, on shares sold. The new issue will seek to raise ₹74 crores.
Board Members
Managing Director Mr. Anupam Tibrewal is the head of the board of Pushpa Jewellers Limited and is assisted by other professionals with experience in finance, operations and compliance. The firm focuses on good governance using a combination of executive and independent directors to facilitate strategic growth.
IPO Objectives
The net IPO proceeds of the fresh issue are intended to be utilized as:
- Fulfilling working capital needs (approx. ₹45.39 crores).
- Establishment of a new showroom, capital expenditure and inventory purchase (approx. ₹5.36 crore).
- General corporate purposes.
Conclusion
The IPO of Pushpa Jewellers Limited gives investors a chance to invest in a growing B2B gold jewellery wholesaler with a solid domestic and global footprint. Its emphasis on quality, design innovation and efficient production, coupled with expansion plans, makes the company well placed to grow in the future. The proceeds from the IPO will be used for working capital, showroom expansion and corporate growth of the company.
EnNutrica IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.01%) |
| QIB Shares Offered | 31,87,000 (47.49%) |
| NII (HNI) Shares Offered | 9,57,000 (14.26%) |
| Retail Shares Offered | 22,31,000 (33.24% |
| Total Shares Offered | 67,11,000 (100.00%) |
Pushpa Jewellers Limited IPO Financial Information
Latest Revenue
281.27
₹ Crore
Profit After Tax
22.29
₹ Crore
Net Worth
58.14
₹ Crore
Total Borrowing
21.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 91.1 | 281.27 | 22.29 | 58.14 | 21.93 | ||||
| 31 Mar 2024 | 51.46 | 255.49 | 14 | 36.08 | 8.26 | ||||
| 31 Mar 2023 | 43.39 | 165.84 | 8.14 | 22.5 | 14.79 | ||||
| Amount in ₹ Crore | |||||||||
Pushpa Jewellers Limited Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.82 | 9.2 |
| P/E (x) | 12.1 | 15.98 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
More than 15 years of experience and a well-established B2B brand image.
BIS certification guarantees the quality of the products.
Internal design department and efficient production.
Application of AI-driven lead management and CRM tools to increase sales productivity.
Broad product mix to serve different customer segments.
Market presence in the local and global markets.
Download regulatory filings
Pushpa Jewellers Limited IPO Timeline
| IPO Open Date | Mon, Jun 30, 2025 |
| IPO Close Date | Wed, Jul 2, 2025 |
| Tentative Allotment | Thu, Jul 3, 2025 |
| Initiation of Refunds | Fri, Jul 4, 2025 |
| Credit of Shares to Demat | Fri, Jul 4, 2025 |
| Tentative Listing Date | Mon, Jul 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 2, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,47,000 |
| Retail (Max) | 1 | 1000 | ₹1,47,000 |
| HNI (Min) | 2 | 2,000 | ₹2,94,000 |