Pushpa Jewellers Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Pushpa Jewellers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹147
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,47,000
Issue Size
₹98.65 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Pushpa Jewellers Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.29%
Issue Type
Book Building - SME
ISIN
INE154801018
About the Company
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.
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 reach US$ 488.21 billion The India jewellery market size is estimated at USD 85.52 billion in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030. India jewellery market accounted for the share of 24.21% of the global jewellery market in 2023.
Company History
5Our Company was originally incorporated on June 03, 2009 at Kolkata, West Bengal as a Private Limited Company in the name and style of "Pushpa Jewellers Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation bearing CIN: U27310WB2009PTC135593 issued by the Registrar of Companies, Kolkata. Further, our Company was converted into a Public Limited Company pursuant to Special Resolution passed by the shareholders of our Company at the Extra-Ordinary General Meeting held on April 19, 2024 and consequently the name of our Company was changed from "Pushpa Jewellers Private Limited" to "Pushpa Jewellers Limited" and a fresh certificate of incorporation dated July 29, 2024 pursuant to conversion from Private Limited Company to Public Limited Company was issued by the Registrar of Companies, Central Processing Centre bearing CIN: U27310WB2009PLC135593.
Products & Services
- The Company is a wholesaler jewellery maker in B2B with a presence across India.
Growth Strategy
- Opening New Showrooms to Widen its Geographical Reach and Increase Product Portfolio.
- Streamlined Operations via Inbuilt SAAS Systems.
- Corrective And Preventive Actions (CAPA)- "The company Does not Make Same Mistakes Twice".
- Artificial Intelligence (AI) Fueled Lead Management.
- Accelerated Team Building for Sales and Marketing.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 67,11,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Pushpa Jewellers Limited ("the Company") for cash at a price of Rs. 147 per equity share (including share premium of Rs. 137 per equity share) ("Offer Price"), aggregating up to Rs. 98.65 crores comprising a fresh issue of up to 53,70,000 equity shares aggregating up to Rs. 78.94 crores by the company ("Fresh Offer") and an offer for sale of up to 13,41,000 equiy shares aggregating up to Rs. 19.71 crores by the promoters selling shareholders, (the "Offered Shares") (the "Offer for Sale" and together with the fresh offer, the "Offer") of which upto 3,36,000 equity shares aggregating to Rs. 4.94 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e., net offer of upto 6,37,5000 equity shares at an offer price of Rs. 147 per equity share aggregating to Rs. 93.71 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 27.71% and 26.32%, respectively of the post offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Distinctive Brand Identity and Innovative Design.
- Experience of its Promoters and senior management team.
- Quality assurance.
- Efficient Inventory Management.
- Safety, Security and Surveillance Systems.
- The company is supplying to certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- Orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on its business, financial condition and results of operations
- The company is highly dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of the company's raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of the company products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
- A significant portion of its manufacturing relies on artisans or Karigars who operates independently, which could introduce it to potential risks stemming from any challenges or changes affecting their operations.
- Receiving orders verbally can raise the risk resulting in order discrepancies, customer dissatisfaction, and difficulties in scaling operations efficiently.