About Yaashvi Jewellers IPO
Yaashvi Jewellers IPO Details
Yaashvi Jewellers IPO is a 100% fresh price issue of ₹43.88 crore, entirely a fresh issue of 52.86 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 25, 2025.
The price band of this issue is set at ₹83 per share and the lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹2,65,600 (3,200 shares). The IPO will open for subscription from May 25 to 27, 2026, on the BSE SME platform, with a tentative listing date fixed as June 2, 2026. The book-running lead manager of this issue is Smart Horizon Capital Advisors Private Limited, while the registrar to the issue is Bigshare Services Pvt. Ltd.
Yaashvi Jewellers IPO Date & Timeline
Yaashvi Jewellers IPO is officially set to open for subscription on May 25, 2026 and will close on May 27, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 25, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window allotment is expected on May 29, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Jun 1, 2026. Finally, Yaashvi Jewellers Ltd.'s shares are tentatively scheduled to list on the stock exchanges on Jun 2, 2026.
Yaashvi Jewellers IPO Timeline
| IPO Open Date | Mon, May 25, 2026 |
| IPO Close Date | Wed, May 27, 2026 |
| Tentative Allotment | Fri, May 29, 2026 |
| Initiation of Refunds | Mon, Jun 1, 2026 |
| Credit of Shares to Demat | Mon, Jun 1, 2026 |
| Tentative Listing Date | Tue, Jun 2, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Yaashvi Jewellers IPO Details
| Detail | Description |
|---|---|
| IPO Date | 25 to 27 May, 2026 |
| Listing Date | 2 Jun, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 52,86,400 shares (agg. up to ₹ 44 Cr) |
| Reserved for Market Maker | 2,67,200 shares (agg. up to ₹ 2 Cr) |
| Fresh Issue(Ex Market Maker) | 50,19,200 shares (agg. up to ₹ 42 Cr) |
| Net Offered to Public | 50,19,200 shares (agg. up to ₹ 42 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,23,35,124 shares |
| Share Holding Post Issue | 1,76,21,524 shares |
Yaashvi Jewellers IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Yaashvi Jewellers IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹83, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹83 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹0 and a lot size of 1600 shares.
Yaashvi Jewellers GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2 Jun 2026 | ₹83 | ₹0 | 2 Jun, 202609:54 AM |
| 1 Jun 2026 | ₹83 | ₹0 | 1 Jun, 202610:18 AM |
| 31 May 2026 | ₹83 | ₹0 | 1 Jun, 202610:18 AM |
| 30 May 2026 | ₹83 | ₹0 | 30 May, 202610:09 AM |
| 29 May 2026 | ₹83 | ₹0 | 29 May, 202611:45 AM |
| 28 May 2026 | ₹83 | ₹0 | 28 May, 202609:56 AM |
| 27 May 2026 | ₹83 | ₹0 | 27 May, 202609:50 AM |
| 26 May 2026 | ₹83 | ₹0 | 26 May, 202610:41 AM |
| 25 May 2026 | ₹83 | ₹0 | 25 May, 202610:07 AM |
| 24 May 2026 | ₹83 | ₹0 | 25 May, 202610:07 AM |
| 23 May 2026 | ₹83 | ₹0 | 23 May, 202609:48 AM |
| 22 May, 2026 | ₹83 | ₹0 | 22 May, 202601:26 PM |
| 21 May, 2026 | ₹83 | ₹0 | 21 May, 202601:29 PM |
| 20 May, 2026 | ₹83 | ₹0 | 20 May, 202601:28 PM |
Company Background
Yaashvi Jewellers Ltd. was incorporated as a private limited entity on December 13, 2016, in Jaipur, Rajasthan and then on December 13, 2024, the company converted into a public limited company to proceed with its listing procedure.
Over the past decade in the jewellery market, the company has marked an irreversible image by providing affordable, quality-finished gold jewellery from raw gold. They majorly trade and manufacture a wide range of jewellery (gold, diamond, silver); also, they are involved in gold bullion, providing raw gold for investment or manufacturing needs.
Operations & Product Range
Yaashvi Jewellers Ltd. operates as an integrated player in the gold, silver and diamond market, as its operational structure centres on custom design curation, third-party manufacturing oversight, bulk materials procurement and dual wholesale-retail distribution.
The product portfolio of Yaashvi Jewellers includes specialised items aimed at traditional, festive and lifestyle retail markets, such as gold jewellery lines, silver ornaments & articles, diamond and gemstone collections and corporate gifting solutions. The potential customer base is divided between walk-in retail shoppers at its flagship showroom and regional corporate buyers who acquire bulk volumes for retail redistribution across northern Indian jewellery networks.
Facilities & Capacity
Yaashvi Jewellers Ltd.’s operational unit is in Jaipur, Rajasthan, which is a recognised hub for traditional Indian jewellery design and gemstone cutting. The business operates a multi-level showroom facility that combines customer retail spaces, corporate presentation rooms, inventory warehouses and quality assurance checkpoints under one roof.
The company uses an outsourced fabrication network to enhance the quality and finishing, so the internal design team creates concepts and layouts only and then independent artisans and external manufacturing workshops will do the rest. This third-party outsourcing helps in managing the bulk production without facing heavy internal machinery or manufacturing units.
Brands & Market Presence
Yaashvi Jewellers Ltd. operates its activities under the name of "YAASHVI JEWELLERS." Also, to avoid any misuse of the brand name, the company has a trademark registration for its brand assets, establishing proper intellectual property (IP) protection within the consumer retail sector.
The company has maintained a domestic market presence in Rajasthan, but also operates across northern states via wholesale trading partnerships. Their marketing and branding campaigns help them in growth, product pricing and quality reassurance, which also create trust among actual and potential customers.
Revenue Streams & Business Model
The primary source of revenue for Yaashvi Jewellers Ltd. is the sale of jewellery products through its retail and wholesale channels. The business model generates revenue by capturing a premium margin on design curation, bulk purchasing and product finishing. For FY25, the total income of the company was reported at ₹297.76 crore and the profit after tax was at ₹11.28 crore, showing a 475.47% change in PAT from FY24 to FY25.
The business model relies heavily on effective inventory management and working capital turnover. The firm sources its primary gold and silver through authorised banking channels and certified bullion distributors to maintain stable supply chains and mitigate raw material quality risks.
Management & Shareholding
The promoter group of Yaashvi Jewellers Ltd. consists of Ms. Ankita Agarwal and Mr. Ankit Aggarwal. Before the IPO, the promoters held a 99.30% stake in the company, but after the IPO, the promoters’ shareholding will not be diluted, as the offering includes no OFS but entirely a fresh issue of 52.86 lakh shares, which invites the public to become shareholders.
Board & Key Management
The leadership of Yaashvi Jewellers Ltd. is led by a team of experts with many years of experience. Ms. Ankita Agarwal serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors Mr. Ankit Aggarwal. To ensure good governance, the board includes Independent Directors Ms. Jyoti Torani, Mr. Pulkit Patel and Ms. Manya Hotchandani for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Yaashvi Jewellers IPO Financial Information
Latest Revenue
62.65
₹ Crore
Profit After Tax
3.54
₹ Crore
Net Worth
28.74
₹ Crore
Total Borrowing
44.31
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 78.04 | 62.65 | 3.54 | 28.74 | 16.41 | 44.31 | |||
| 31 Mar 2025 | 70.94 | 297.23 | 11.28 | 24.15 | 11.90 | 43.11 | |||
| 31 Mar 2024 | 24.49 | 200.93 | 1.96 | 8.75 | 3.83 | 16.25 | |||
| 31 Mar 2023 | 12.26 | 190.43 | 0.69 | 3.37 | 1.87 | 8.40 | |||
| Amount in ₹ Crore | |||||||||
Yaashvi Jewellers Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 68.57% |
| ROCE | 26.55% |
| Debt/Equity | 1.78 |
| RoNW | 46.71% |
| PAT Margin | 3.80% |
| EBITDA Margin | 6.17% |
| Price to Book Value | 4.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.15 | 8.04 |
| P/E (x) | 9.07 | 10.32 |
Yaashvi Jewellers IPO Objectives
The company intended to utilise the Yaashvi Jewellers IPO proceeds for strategic purposes:
- • Funding the working capital requirements
- • Repayment or prepayment of debt
- • General corporate purposes
Yaashvi Jewellers IPO Review
Yaashvi Jewellers Ltd. operates in a highly engaged sector, which is consistently growing with new trends and designs. Headquartered in Jaipur, work mainly on the design with its in-house designers and outsources the manufacturing to enhance the artisan touch and quality standards. By maintaining a balance between retail sales and wholesale trading, the company hedges its risk across single-customer retail markets and bulk business orders.
Financially, the company has shown consistent financial growth and healthy statements. For FY25, the revenue from operations was reported at ₹297.22 crore and PAT was reported at ₹11.28 crore. Notably, the top 10 customers contributed around ₹49.68 crore, which is 79.30% of the total revenue.
However, the potential investors should carefully evaluate the standard risks common to this industry, including the operations in a sector heavily impacted by seasonal demand trends and raw material cost fluctuations, where fluctuations in material prices can pressure operational margins. Overall, this IPO review presents a growing regional jewellery business seeking funds to expand its capital base to secure bulk inventory lines.
Conclusion
Yaashvi Jewellers IPO is an opportunity for investors to invest in a growing company whose core strengths lie in its balanced wholesale-retail business model and its established presence in the Rajasthan jewellery market. As India's consumer retail market continues to favour certified and organised jewellery brands, with this listing, the company intends to utilise the capital requirement of operational activities and debt reduction to strengthen the balance sheet.
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
The dual focus on retail showroom sales and bulk wholesale distribution helps diversify revenue streams and balances out localised retail shopping cycles.
An asset-light assembly model helps the company scale its product volume up or down without incurring heavy fixed machinery costs.
Established regional track record of nearly 10 years in Jaipur to build deep vendor relationships and a consistent local retail customer base.
Sustained profitability growth alongside growing annual revenues over the past three fiscal years.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | 265600 |
| Individual investors (Retail) (Max) | 2 | 3200 | 265600 |
| HNI (Min) | 3 | 4800 | 398400 |


