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15 Days Price Change

Pushpa Jewellers IPO

Closing In

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Profile
Issue Size 84.6 Cr
Profile
Price Range 143  to  147 per share
Profile
Min Investment ₹147
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are a prominent 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. Read More

Basic Info

Face Value 10 per share

Price 143  to  147 per share

P/E (x) 12.5

Sales( Cr.) 281

PAT( Cr.) 22

EPS 11.8

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Mridul Tibrewal Anupam Tibrewal Madhur Tibrewal

Pre Issue Share Holding 100%

Post Issue Share Holding 72.29%

Listing Details:

Listing Price: 112

Listing Gain: -31.25%

Current Price: 128.2

Gain On Issue: 128.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 30, 2025
Closing Date Jul 02, 2025
Allotment Jul 03, 2025
Refund Jul 04, 2025
Delivery of Shares Jul 04, 2025
Listing Date Jul 07, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 147,000
Retail (Max) 1 1000 147,000
S-HNI (Min) 2 2000 294,000
S-HNI (Max) 6 6000 882,000
B-HNI (Min) 7 7000 1,029,000

Objective of the Issue

1. To meet the working capital requirements 2. To Finance Establishment of proposed new showroom, i.e. (a) Capital expenditure cost for proposed new showroom (b) Inventory cost for the proposed new showroom 3. General Corporate Purpose 4. To Meet the Offer expenses.

Issue

Category Nos Bid Bid (x)
QIB 0 2643000 0x
NII 0 2739000 0x
Retail 0 8269000 0x
EMP 0 0 0x
Total 0 13651000 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Pushpa Jewellers Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 108 166 255 281
Other Income 0 0 0 0
Total Income 108 166 255 281
Total Expenditure 99 153 235 249
Operating Profit 9 13 20 32
Interest 0 1 1 2
Depreciation 0 0 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 9 12 18 30
Provision for Tax 3 4 5 8
Profit After Tax 6 8 14 22
Adjustments 0 0 0 0
Profit After Adjustments 6 8 14 22
Adjusted Earnings Per Share 3.3 4.3 7.2 11.8

Pushpa Jewellers Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 14 22 36 58
Minority's Interest 0 0 0 0
Borrowings 1 5 5 11
Other Non-Current Liabilities 0 0 0 1
Total Current Liabilities 7 16 10 21
Total Liabilities 22 43 51 91
Fixed Assets 1 10 11 16
Other Non-Current Assets 0 1 0 4
Total Current Assets 20 32 41 71
Total Assets 22 43 51 91

Pushpa Jewellers Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 2
Cash Flow from Operating Activities -0 0 9 0
Cash Flow from Investing Activities -0 -11 0 -10
Cash Flow from Financing Activities 0 10 -7 12
Net Cash Inflow / Outflow 0 -0 2 2
Closing Cash & Cash Equivalent 0 0 2 4

Pushpa Jewellers Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.27 4.32 7.2 11.82
CEPS(Rs) 3.34 4.52 7.49 12.18
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 7.61 11.93 19.13 30.84
Core EBITDA Margin(%) 8.48 7.76 7.81 11.33
EBIT Margin(%) 8.37 7.55 7.66 11.17
Pre Tax Margin(%) 8.13 7.18 7.11 10.6
PAT Margin (%) 5.73 4.91 5.32 7.93
Cash Profit Margin (%) 5.85 5.15 5.53 8.17
ROA(%) 28.32 24.99 28.63 31.27
ROE(%) 42.97 44.2 46.36 47.31
ROCE(%) 50.02 45.27 47.9 50.48
Receivable days 11.28 9.97 7.72 16.06
Inventory Days 50.46 42.63 37.26 41.41
Payable days 0.84 2.08 2.25 2.32
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.03 0.09 0.03 0.13
EV/Core EBITDA(x) 0.41 1.16 0.32 1.15
Net Sales Growth(%) 0 54.01 54 10.07
EBIT Growth(%) 0 38.98 56.17 60.59
PAT Growth(%) 0 32.02 66.72 64.15
EPS Growth(%) 0 32.02 66.72 64.18
Debt/Equity(x) 0.25 0.66 0.23 0.38
Current Ratio(x) 3.08 2.03 3.98 3.29
Quick Ratio(x) 0.83 0.51 1.21 1.64
Interest Cover(x) 35.09 20.64 14.03 19.69
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 38% 0% 0%
Operating Profit CAGR 60% 53% 0% 0%
PAT CAGR 57% 54% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 47% 46% 45% 45%
ROCE Average 50% 48% 48% 48%

Company Contact Information

Pushpa Jewellers Ltd.

Smita Mondal

+91 033 4006 3093

cs@pushpajewellers.in

22, East Topsia Road 4th Floor, Fl-4 A, Tirumala Gobinda Khatick Road, A. C Lane

IPO Lead Manager(s)

Pushpa Jewellers Ltd.

Affinity Global Capital Market Pvt Ltd.

Registrar Info

Pushpa Jewellers Ltd.

Cameo Corporate Services Ltd

Subramanian Buildings No 1 , Club House Road,,Chennai

044-28460390/28460394

044-28460129

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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