The issue is open until July 2. The price band has been set at Rs 143 to Rs 147 per share and the minimum application size for retail investors is 1,000 shares.
Founded in 2009, Pushpa Jewellers designs and manufactures lightweight 22kt gold jewellery. The company operates showrooms in Hyderabad, Bangalore, and Chennai and exports to Dubai, the US, and Australia.
Its catalogue includes a wide range of traditional and modern ornaments such as necklaces, earrings, bangles, bracelets, pendants, and mangal sutras. The firm reported revenue of Rs 281.27 crore and a profit after tax of Rs 22.29 crore for FY25, with a return on equity of 47.31 percent.
Affinity Global Capital Market is the lead manager to the issue, Cameo Corporate Services is the registrar, and Sunflower Broking is the market maker.
The allotment is likely to be finalized on July 3, with listing expected on the NSE SME platform on July 7. On June 27, the company raised Rs 14.05 crore from anchor investors, who were allotted 9.56 lakh shares.The funds raised will be used to meet working capital needs, establish a new showroom including capex and inventory costs, and cover general corporate expenses.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
