The Pushpa Jewellers IPO will open for subscription on June 30, 2025, and close on July 2, 2025. It is a Book Built Issue through which the company plans to raise approximately ₹98.65 crores. This includes a fresh issue of ₹74.00 crores and an offer for sale of up to 13,41,000 equity shares, each with a face value of ₹10.

The IPO price band is set between ₹143 and ₹147 per share. The issue is allocated as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The equity shares are expected to be listed on the NSE on July 7, 2025, with the allotment expected to be finalized on July 3, 2025.

In terms of financial performance, the company reported revenue of ₹255.49 crores in 2024, up from ₹165.84 crores in 2023. Net profit also increased to ₹13.58 crores in 2024 from ₹8.14 crores in the previous year. Based on these financials, the IPO is seen as a good opportunity for long-term investors.

About Pushpa Jewellers IPO

Incorporated in June 2009, Pushpa Jewellers Limited is a jewellery manufacturer specializing in lightweight 22kt designs that blend traditional Indian craftsmanship with modern aesthetics.

The company sells a range of Traditional and Modern Gold jewellery.

The company offers diverse high-quality jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas.

The company operates in various regions in India and exports jewellery to international markets like Dubai, the United States, and Australia.

The company operates three branches, which function as offices and showrooms, located in Hyderabad, Bangalore, and Chennai, India.

Objects of the Issue (JNK India IPO Objectives)

• To meet working capital Expenses
• To Finance Establishment of proposed new showroom
• Cost of Capital expenditure for the proposed new showroom
• Cost of Inventory for the proposed new showroom
• General Corporate Purposes
• To meet the offer related expenses

JNK India IPO Review (Apply)

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