Pushpa Jewellers SME IPO – Price Band, Lot Size & Latest GMP Updates

Pushpa Jewellers NSE SME IPO: Key Highlights

Mark your calendars! The Pushpa Jewellers IPO opens for subscription from 30th June to 2nd July 2025, offering investors an exciting opportunity in India’s thriving jewellery sector.

Essential Details:

• Price Band: ₹143 – ₹147 per share
• Lot Size: 1,000 shares
• Minimum Investment: ₹1,43,000 (lower price band)
• Total Issue Size: ₹98.65 crore (Fresh Issue)
• Listing Exchange: NSE SME Platform

Why This IPO Stands Out?
✅ Sector Potential: Riding India’s growing jewellery demand
✅ Fresh Capital: Funds to expand retail presence and inventory
✅ SME Advantage: Potential for attractive listing gains

Pushpa Jewellers SME IPO GMP Today

🔔 Note (07 July 2025):

GMP is currently at ₹0, reflecting no premium or demand in the grey market. Expected listing is at par, with no gain or loss indicated. GMP is not official, so rely on fundamentals and official updates before investing.

Company Info – Pushpa Jewellers SME IPO

Pushpa Jewellers has emerged as a prominent name in India’s flourishing jewelry industry, specializing in handcrafted gold, diamond and colored gemstone creations. Operating a chain of retail stores across multiple regions, the company serves diverse aesthetic preferences through its dual focus on heritage-inspired pieces and modern jewelry designs. What sets them apart is their meticulous attention to artisanal quality and customer experience, which has earned them a devoted clientele over their years in operation. Their vertically integrated operations allow complete quality control from sourcing to final craftsmanship, making them a preferred choice for quality-conscious jewelry buyers nationwide.

The company plans to expand its presence by increasing the number of retail stores and enhancing its digital footprint. Pushpa Jewellers has been steadily growing, leveraging both offline and online sales channels, including its official website and leading e-commerce platforms. This omnichannel approach enables it to reach a wider demographic, including younger customers increasingly shopping online.

The company’s DRHP filing reveals plans to raise ₹98.65 crore through this public offering, with proceeds earmarked for three key objectives: opening new retail locations across high-potential markets, optimizing existing financial obligations, and reinforcing operational liquidity. Pushpa Jewellers’ progressive approach to ethical material procurement and transparent business conduct particularly resonates with today’s environmentally aware investment community, giving it a competitive edge in attracting ESG-focused capital.

Financially, Pushpa Jewellers has demonstrated consistent growth in revenue and profitability, supported by strong brand recognition and effective marketing strategies. The company’s commitment to innovation, such as introducing new designs and leveraging technology for better customer experience, further positions it well in the competitive jewellery market.

The Pushpa Jewellers public offering represents a potential entry point into India’s expanding branded jewelry segment, featuring an established operator with demonstrated operational capabilities. Prudent investors would be well-advised to conduct thorough due diligence, including careful assessment of the prospectus documentation, to evaluate both the company’s historical performance metrics and its forward-looking growth initiatives in this competitive market space.

Financials (Revenue Growth) – Pushpa Jewellers SME IPO

• Pushpa Jewellers reported revenue of ₹107.66 crore in FY2022, showing stable business operations.
• Revenue jumped to ₹165.80 crore in FY2023, indicating strong sales momentum and customer traction.
• In FY2024, revenue further increased to ₹255.34 crore, supported by store expansion and diversified product offerings.

This upward revenue trend reflects a healthy financial foundation for Pushpa Jewellers NSE SME IPO, offering potential investors a view of the company’s consistent growth trajectory.

Financials (Profit Growth) – Pushpa Jewellers SME IPO

• Pushpa Jewellers recorded a net profit of ₹6.17 crore in FY2022, indicating a solid operational base.
• In FY2023, profit rose to ₹8.14 crore, supported by improved margins and increased sales.
• FY2024 saw profit grow further to ₹13.58 crore, driven by business expansion and better cost management.

This consistent profit growth enhances the appeal of the Pushpa Jewellers NSE SME IPO, signaling financial stability and promising returns for potential investors.

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Here’s the Financials (Total Assets) section for Pushpa Jewellers NSE SME IPO in a clean, professional tone:

Financials (Total Assets) – Pushpa Jewellers SME IPO

• In FY2022, Pushpa Jewellers reported total assets worth ₹21.78 crore, reflecting a modest asset base.
• By FY2023, total assets nearly doubled to ₹43.38 crore, indicating strong capital growth and reinvestment.
• In FY2024, total assets increased to ₹51.46 crore, supporting the company’s expansion and long-term plans.

The steady rise in total assets demonstrates financial strength and operational scaling—key positives for investors evaluating the Pushpa Jewellers NSE SME IPO.

Expected Listing – Pushpa Jewellers SME IPO

Investors are keeping a close watch on the Pushpa Jewellers NSE SME IPO, especially with the growing buzz in the grey market. Based on the current GMP trends, the expected listing price is looking quite optimistic. If the issue price is around ₹145 and the GMP today is ₹25–₹30, the stock could potentially list in the ₹170–₹175 range, offering decent listing gains.

The current grey market activity around the Pushpa Jewellers IPO GMP signals strong investor interest. This interest is largely driven by the company’s strong financial growth, especially in revenue and profit over the last three years, along with a steady increase in total assets. The company’s focus on expansion and its presence in the jewellery segment—always in demand in Indian markets—adds to the positive sentiment.

But as we always say, while the GMP gives a rough idea of the expected listing price, it’s not a guarantee. Market conditions, broader stock sentiment, and listing day mood can all affect the final outcome. That’s why it’s smart to track the grey market premium daily and match it with actual subscription figures.

Based on current market buzz, the Pushpa Jewellers NSE SME IPO might pleasantly surprise investors on listing day. However, investors are advised to do their own research and not rely on GMP alone. The IPO has potential, especially for those looking at short-term listing gains—but even long-term investors may find it worth exploring due to the brand’s growth story.

Risk Factors – Pushpa Jewellers SME IPO

While the Pushpa Jewellers NSE SME IPO is gaining strong interest in the market, investors must note some important IPO risks before applying.

First, the jewellery industry is highly sensitive to gold price fluctuations. Any sharp rise in gold rates could impact both sales and profit margins. Second, since the company operates primarily in select regions, its business could be affected by regional economic slowdowns or competition from local and national players.

Another risk is that a significant portion of Pushpa Jewellers’ revenue comes from physical retail. Although they are expanding online, reliance on offline footfall can make the business vulnerable during economic disruptions or market slowdowns.

Investors should also consider listing volatility. GMP gives an early indication, but final listing prices can differ based on broader market trends.

💡 Friendly Advice: Always read the RHP (Red Herring Prospectus), understand financials, and consult with a financial advisor. A promising SME IPO like Pushpa Jewellers can offer great opportunities—but only when risks are understood and investments align with your financial goals.

FAQs – Pushpa Jewellers SME IPO