Pushpa Jewellers Limited
- Minimum Investment₹1,43,000
- Price Range₹143 - ₹147
- Issue Size₹98.65 Cr
- Lot Size1000 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
To meet the working capital requirements
To finance establishment of proposed new showroom, i.e. capital expenditure cost for proposed new showroom & Inventory cost for the proposed new showroom
General corporate purposes
To meet out the issue expenses
Strengths & Weaknesses of Pushpa Jewellers Limited
Distinctive design legacy
The company has established a strong brand identity under the name "Pushpa" in the B2B jewellery market over the past 15 years. It combines traditional craftsmanship with innovative design, offering a wide variety of products tailored to regional tastes and customer demographics. Designs span traditional, modern, and contemporary styles, and the company maintains long-standing relationships with skilled artisans
Quality standards
The company ensures high product quality by hallmarking all gold jewellery in accordance with Bureau of Indian Standards (BIS) norms. It procures gold from authorized bullion dealers and conducts rigorous two-stage quality checks—covering physical defects, polishing, and purity using advanced machines and gold testing equipment
Smart inventory systems
The company uses a technology-driven, color-coded Integrated Management System (IMS) to efficiently monitor and manage its inventory. Planning is done annually based on market trends, sales history, and demand forecasts. Each showroom's stock is optimized to reduce overstocking and waste
Raw material dependency
The company is heavily reliant on a few key suppliers for its raw materials. Any supply disruption or price volatility due to market fluctuations, government policies, or quality concerns could significantly impact production, pricing, and profitability
Artisan reliance risk
A large portion of the company's jewellery manufacturing depends on independent artisans (Karigars), who are not exclusively tied to the company. If these artisans face operational issues or are attracted by better terms from competitors, it could lead to production delays, increased costs, and difficulty in maintaining quality and scale
Gold price volatility
The company’s income, margins, and inventory value are directly affected by fluctuations in gold prices. Sudden increases can hurt sales volume and compress margins, while sharp declines may result in inventory write-downs
Financials
Earnings Per Share
No Data
Balance Sheet
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Cash Flow
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About Pushpa Jewellers Limited
- PromoterMridul Tibrewal
- PromoterAnupam Tibrewal
- PromoterMadhur Tibrewal