Yaashvi Jewellers IPO
smelistedAbout the company
Yaashvi Jewellers is a jewellery-making firm based in Jaipur that deals in various types of gold jewellery in purities of 9K, 14K, 18K, 20K, and 22K. The company’s specialisation is machine-made gold chains that form the core product line and play an integral role in various other forms of jewellery. Alongside making gold jewellery, the company also deals in trading studded gold jewellery, diamond jewellery, fashion silver jewellery, gold bullions, and customised jewellery. The company functions through two different verticals, namely manufacturing and trading. As per FY26, the manufacturing vertical has accounted for ₹319.84 crore (71.3%), while the trading vertical has generated ₹128.31 crore (28.6%) of revenue. The company mainly focuses on B2B clients which accounted for ₹332.06 crore (74.10%) of FY26 revenue. The company is also expanding into the retail segment by offering a diverse range of products to B2C customers who purchase jewellery for personal use. The B2C segment accounted for ₹116.09 crore (25.90%) of total FY26 revenues. Product-wise, basic gold chains emerged as the major revenue driver with ₹293.8 crore revenue in FY26, followed by designer gold jewellery with ₹126.16 crore (28.1%). Geographically, Rajasthan continued to be the biggest market for the company in FY26 by accounting for 57.90%, whereas Maharashtra accounted for 35.29% and the rest by others.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 27 May | ₹0 | ₹83 | 0 |
| 26 May | ₹0 | ₹83 | 0 |
| 25 May | ₹0 | ₹83 | 0 |
| 24 May | ₹0 | ₹83 | 0 |
| 23 May | ₹0 | ₹83 | 0 |
| 22 May | ₹0 | ₹83 | 0 |
| 21 May | ₹0 | ₹83 | 0 |
| 20 May | ₹0 | ₹83 | 0 |
Strengths
- Strong revenue growth in recent years
- Significant improvement in profitability during FY25
- High ROE and ROCE indicate efficient capital utilization
- Presence across gold, diamond, designer jewellery, and bullion segments
- IPO proceeds planned for working capital and debt reduction
- Growing demand in the Indian jewellery sector supports expansion potential
- Asset-light growth visibility with improving business scale
Risks
- High debt level remains a major concern
- Jewellery business operates on thin margins
- Gold price fluctuations can affect profitability
- SME IPOs carry low liquidity risk after listing
- Higher volatility and operator-driven movement risk in SME stocks
- Valuation visibility still limited before final pricing clarity
- Grey Market Premium (GMP) currently weak or uncertain
- Business performance depends heavily on consumer demand trends
- Suitable mainly for high-risk investors
- Conservative long-term investors should remain cautious
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed25 May 2026Bidding starts for all investor categories
IPO Closes
Completed27 May 2026Last day to place your bid
Basis of Allotment
Completed29 May 2026Share allotment finalised
Refund Initiation
Completed01 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed01 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed02 Jun 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹132,800 | 1 | ₹132,800 | 1 lot only |
| HNI | 2 | 3200 | ₹265,600 | 2 | ₹265,600 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,650,603 | 22 | 0 | 0.00x | 100% |
| NII | 15% | 795,181 | 6.6 | 0 | 0.00x | 100% |
| Retail | 35% | 1,855,422 | 15.4 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
