Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Pushpa Jewellery IPO
Pushpa Jewellers Ltd
₹1,43,000 /1000 sharesMinimum Investment
Pushpa Jewellery IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹147.00 | ₹112.00 | -₹35.00 (23.81%) |
Pushpa Jewellery IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jun ‘25 - 2 Jul ‘25 | ₹1,43,000 | 1,000 | ₹143 - ₹147 |
| Issue Size | IPO Doc |
|---|---|
| 98.65Cr | RHP PDF |
Subscription rate
As of 02 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 1.07x |
| Non-Institutional Investor | 2.22x |
| Retail Individual Investor | 2.69x |
| Total | 1.83x |
About Pushpa Jewellery
Founded in
2009
Managing director
Mr. Anupam Tibrewal
Parent organisation
Pushpa Jewellers Ltd
Strengths & Financials of Pushpa Jewellery
Strengths
Risks
The company operates across various regions in India and has three office-cum-showrooms located in Hyderabad, Bangalore, and Chennai.
The company exports its jewellery to international markets, including Dubai, the United States, and Australia.
The company is Bureau of Indian Standards (BIS) certified, and its products carry the BIS Hallmark.
The company claims to have an in-house design team and a streamlined production process. Pushpa Jewellers claims that this setup enables it to adapt to customer feedback and market trends, which helps reduce reliance on external sources, cut lead times, and improve cost efficiency.
Pushpa Jewellers claims to utilise an integrated management system (IMS) to efficiently manage stock, control costs, and respond effectively to customer demand.
Over the years, the company has observed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 107.66 crore in FY22 to Rs 165.80 crore in FY23 to Rs 255.34 crore in FY24. PAT increased from Rs 6.17 crore in FY22 to Rs 8.14 crore in FY23 to Rs 13.58 crore in FY24.
The company’s revenue is significantly dependent on a few major customers. The top 10 customers contributed Rs 29.65 crore (44.62 percent) for the period ended June 30, 2024, and Rs 96.10 crore (37.64 percent), Rs 80.30 crore (48.43 percent), and Rs 53.26 crore (49.47 percent) to the revenue from operations in FY24, FY23, and FY22 respectively. Any loss of any of these key customers or a failure to expand the customer base can adversely affect the business’s financial condition and cash flows.
The company relies heavily on skilled artisans (Karigars) who work as job workers and are not exclusively tied to Pushpa Jewellers. If some or all of these workers stop taking on assignments, the company may face difficulties finding suitable replacements. Therefore, the failure to retain these karigars can adversely impact the company’s design and production capabilities.
A significant number of customer orders are received verbally. This practice may lead to increased risks of miscommunication and operational errors. Such a lack of documented orders can adversely impact the company’s workflow efficiency and ability to scale its operations.
A major share of the company’s revenue comes from the southern states of India—Andhra Pradesh, Karnataka, Tamil Nadu, Telangana, and Kerala. These regions accounted for Rs 223.17 crore (88 percent), Rs 144.21 crore (87 percent), and Rs 93.71 crore (87 percent) of the revenue from operations in FY24, FY23 and FY22, respectively. Any adverse social, political or economic developments in these locations can hurt the company’s business.
As of June 30, 2024, the company has outstanding borrowings totalling Rs 19.00 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Pushpa Jewellery Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Pushpa Jewellery IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹143 - 147 | ₹2 - 5 Lakh |
| High Networth Individual | ₹143 - 147 | ₹2 - 5 Lakh |
For Pushpa Jewellery IPO, eligible investors can apply as Regular.