ListedSME platform

Pushpa Jewellers Limited

PUSHPAConsumer Durables30 Jun 2025 – 2 Jul 2025INE154801018

Promoters Mr Anupam Tibrewal · Mr Madhur Tibrewal · Mr Mridul Tibrewal

On listing day it
we hold no exchange bar dated on the listing date
Since then, against the issue price
-28.8%
₹104.6 on 21 Sept 2026

Against an issue price of ₹147. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹147
final issue price
Issue size
₹99 cr
Fresh And OFS
Lot size
1,000 sh
₹1,47,000 a lot
Listed on
7 Jul 2025
NSE
Now trading as PUSHPA — see its filed financials and price history →
Valued at the offer price356 cr2,42,22,912 shares after the issue × ₹147, the final issue price. Not a market capitalisation — that moves with the traded price.
Notes

Pushpa Jewellers Limited raised ₹99 crore through a SME-platform initial public offer.

The filing places it in Consumer Durables and names three promoters: Mr Anupam Tibrewal, Mr Madhur Tibrewal and Mr Mridul Tibrewal.

The book was open from 30 June 2025 to 2 July 2025.

The issue was priced at ₹147 a share, from a band of ₹143 to ₹147.

Of the offer, ₹79 crore is a fresh issue of shares — money that goes to the company — and ₹20 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.

The issuer reported the offer subscribed 5.00 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.

The shares listed on 7 July 2025.

The last official close on file is ₹105 (21 September 2026), which is 28.8% below the issue price.

It now trades as PUSHPA, and its filed financials are on its company page.

How it has done since listing
NSE close · 21 Sept 2026
Issue price
₹147
final issue price
Listing-day move
Now vs issue price
-28.8%
21 Sept 2026
Since first close

Shares sold in the issue at ₹147 last closed at ₹104.6.

See PUSHPA’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 229(1)
Issue price
₹147
face value ₹10
Lot size
1,000 sh
₹1,47,000 a lot
Issue size
₹99 cr
Fresh And OFS
Shares after issue
2.42 cr
2,42,22,912
Where the money goes₹99 cr
Fresh issue — goes to the company₹79 cr80.0%
Offer for sale — goes to selling shareholders₹20 cr20.0%

Share counts converted at ₹147, the final issue price.

How it was priced
Book-built — the price was discovered inside a band from the bids received
Listing sought at
NSE
Designated exchange
NSE
Discount
None offered
Registered office
Eastern India
Company website
www.pushpajeweller.in
Registrar
Cameo Corporate Services Limited
Lead manager
  • Other LM / BRLM
What happens when
3-day book
  1. Bidding opens30 Jun 2025
  2. Bidding closes2 Jul 2025
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing7 Jul 2025
How the bidding went
as filed after the close
5.00x
subscribed — filed by the issuer

This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.

Who the offer was set aside for
as filed by the issuer at listing
  • Anchor investors14.2%
  • Qualified institutional buyers33.2%
  • Non-institutional investors14.3%
  • Retail individual investors33.2%
  • Market maker5.0%

No part of the offer was set aside for reserved portion or other.

The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    7 Jan 2026
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    7 Jan 2027
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
The issuer's chosen peers
109.5x
average of a 45.0x – 174.1x range
Earnings the price leans on

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

Who ran this issue, and what else they have run
past issues only
Registrar
FirmIssuesTypical listing move
Cameo Corporate Services Limited
20222026
38
0 measurable

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
5 filed

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.