Home/IPOs/PUSHPA
P

PUSHPA IPO

Pushpa Jewellers Limited
IPO Doc
Start Date30-06-2025
Application Timing10am-5pm
Price Range₹143 - ₹147
Min Qty1000
Min. Investment₹143000
Listing DateNA
Close Date02-07-2025

About Pushpa Jewellers Limited

Pushpa Jewellers Limited, established in 2009, is a gold jewellery manufacturing company known for its lightweight 22KT traditional and modern designs. With a presence across India and export markets like Dubai, the USA, and Australia, the company offers a wide range of jewellery products including necklaces, rings, bangles, earrings, bracelets, pendants, mangalsutras, and kadas.

Pushpa Jewellers operates three key showrooms and offices located in Hyderabad, Bangalore, and Chennai. With a team of around 90 employees as of March 31, 2025, the company combines Indian craftsmanship with contemporary aesthetics, maintaining a strong brand identity and efficient operational systems such as inventory management, surveillance, and quality assurance.

Why To Invest in Pushpa Jewellers Limited

Strong Financial Growth: The company reported a 64% jump in PAT and over 10% revenue growth in FY25, indicating a solid upward trajectory.

Diversified Product Portfolio: Offers a broad range of jewellery catering to both traditional and modern tastes, appealing to a wide customer base.

Pan-India and Global Reach: Besides major Indian cities, the company also exports to countries like the USA, Dubai, and Australia.

Experienced Leadership: Led by promoters with significant industry experience and a capable senior management team.

Healthy Return Metrics: Attractive financial indicators like ROE of 47.31% and PAT margin of 7.93%, making it a fundamentally strong IPO.

IPO Utilization Plan: Proceeds will fund working capital, a new showroom, and general corporate purposes, signaling future expansion.

Financial Table
Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets91.10 51.46 43.39
Revenue 281.27255.49165.84
Profit After Tax 22.2913.588.14
Net Worth 58.1436.0822.50
Reserves and Surplus 39.28 35.8422.27
Total Borrowing 21.938.2614.79
Strengths And Risks
+
Strong Brand Presence and Innovative Design: Pushpa Jewellers Limited has established itself as a recognizable brand in the Indian jewellery market. Its designs reflect a blend of traditional craftsmanship and modern aesthetics, making its products appealing to a wide customer base. This brand recall and product uniqueness give it a competitive edge.
+
Healthy Financial Performance and Profitability: The company has shown consistent financial growth, with a 64% increase in Profit After Tax (PAT) and a 10% rise in revenue in FY25. Key profitability metrics such as Return on Equity (ROE) at 47.31% and EBITDA margin at 11.30% reflect strong financial health and operational efficiency.
+
Efficient Operational Framework: With robust inventory management systems, quality assurance protocols, and advanced safety and surveillance mechanisms, Pushpa Jewellers maintains efficient day-to-day operations. These internal systems contribute to reduced overhead and streamlined supply chains.
+
Experienced Management Team: The leadership, including promoters Mr. Mridul Tibrewal, Mr. Anupam Tibrewal, and Mr. Madhur Tibrewal, brings years of experience in the jewellery industry. Their strategic vision and market understanding enhance the company’s long-term growth prospects.
-
SME Listing and Liquidity Risk: Pushpa Jewellers is being listed on the NSE SME platform, which typically experiences lower trading volumes compared to mainboard exchanges. This may result in limited liquidity for investors, especially in the short term.
-
Dependence on Gold Prices and Market Sentiment: The company’s core business is highly dependent on the price of gold, which is subject to international market fluctuations, currency changes, and import duties. Adverse movements in these factors could impact profitability.
-
Valuation Concerns at Listing: The post-issue P/E ratio stands at approximately 15.98x, which may be perceived as relatively high in the SME segment. Investors should evaluate whether the valuation aligns with the company’s future earnings potential.
-
Working Capital Intensive Business Model: A substantial portion of the IPO proceeds over ?45 crore is earmarked for working capital needs. This suggests that the business is capital intensive and may require ongoing funding for daily operations and inventory management.
FAQs
What are the IPO opening and closing dates? +
What is the price band of Pushpa Jewellers IPO? +
What is the lot size and minimum investment required? +
Where will the IPO be listed? +
What is the total issue size? +
E-IPO
Get In On The Action EarlyBuy cheap, earn big. Discover IPOs with the highest growth potential early and invest now through Rupeezy to earn big in the future.

Explore Other Products

Rupeezy AppAdvanced charts, advanced Option Chain, instant pay-in & pay-out,margin .Learn More
Rupeezy <> TradingViewEnjoy top-class trading experience enhanced by advanced TradingView charts.Learn More
DockPortfolio analysis, pledge holdings, apply in IPOs & download reports Learn More