The Indian primary market continues to buzz with excitement as another promising SME public issue, Pushpa Jewellers IPO, gears up for its debut. As part of the upcoming IPO lineup in July 2025, this offering has already started attracting attention from investors tracking niche and growing companies in the jewellery sector.



Here's a complete breakdown of the Pushpa Jewellers IPO, including important dates, price band, lot size, and most importantly, the latest IPO GMP trends.

Pushpa Jewellers IPO Details

Pushpa Jewellers Limited is a well-established player in the gold and diamond jewellery segment with a growing customer base in India. Known for its traditional craftsmanship blended with contemporary designs, the company is seeking fresh capital through its SME IPO on the NSE Emerge platform.

 IPO Highlights:

  • IPO Opening Date: July 8, 2025

  • IPO Closing Date: July 10, 2025

  • Issue Type: Book Built Issue

  • Face Value: ₹10 per share

  • Issue Price Band: ₹81 to ₹85 per share

  • Lot Size: 1600 shares

  • Total Issue Size: Approx ₹29.85 Crores

  • Fresh Issue: ₹29.85 Crores (No Offer for Sale)

Objectives of the Issue:

Pushpa Jewellers aims to utilize the funds raised from this upcoming IPO for the following purposes:

  • Working capital requirements

  • Brand expansion and retail outlet setup

  • General corporate purposes

Company Overview

Pushpa Jewellers, incorporated in 2006, has built a strong reputation in the retail and wholesale jewellery space. The company primarily deals in handcrafted gold and studded jewellery, focusing on both custom and ready-to-wear collections.

With multiple showrooms in Gujarat and a loyal customer base, the company is now looking to expand to new geographies and strengthen its backend operations with the help of public funds.

Pushpa Jewellers IPO GMP (Grey Market Premium)

One of the hottest discussion points around any public issue is the IPO GMP, which indicates investor sentiment before listing.

As of July 1, 2025, the Pushpa Jewellers IPO GMP is reported to be around ₹30 per share. Considering the upper price band of ₹85, this suggests a potential listing gain of 35%, which shows decent interest from the grey market.

Note: While IPO GMP is not an official or guaranteed metric, it serves as a speculative indicator of how an IPO might perform upon listing.

Financial Performance Snapshot

ParticularsFY 2023-24FY 2022-23
Revenue₹60.78 Cr₹42.30 Cr
Net Profit₹5.32 Cr₹3.45 Cr
EBITDA Margin13.2%11.5%
The company has shown steady revenue growth and improving profit margins, which strengthens its position ahead of the IPO.

Should You Invest in the Pushpa Jewellers IPO?

Positives:

  • Strong brand presence in Western India

  • Positive market sentiment reflected in the IPO GMP

  • Robust revenue and profit growth

  • Reasonable pricing for an SME IPO

Risks:

  • Sectoral competition from unorganized players

  • Market volatility impacting listing performance

  • Limited geographic footprint (currently)

For risk-taking investors looking to tap into India’s jewellery retail growth, the Pushpa Jewellers IPO presents an interesting opportunity among upcoming IPOs. However, due diligence and portfolio allocation strategies should be carefully considered.

Final Thoughts

The Pushpa Jewellers IPO is shaping up to be one of the most talked-about SME IPOs this month, thanks to strong financials and a promising GMP trend. With a decent premium in the grey market and a well-defined expansion strategy, this IPO deserves attention in the July 2025 upcoming IPO list.

Stay tuned to this space for allotment updates, listing date announcements, and post-listing analysis.

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