Pushpa Jewellers IPO launches today
Pushpa Jewellers is opening its IPO, hoping to raise ₹98.65 crore by offering about 67 lakh shares.
The price per share is set between ₹143 and ₹147, and if you're thinking of applying as a retail investor, you'll need to buy at least 1,000 shares.
Wholesale jewelry sales across India
Started in 2009, Pushpa Jewellers runs showrooms in Hyderabad, Bangalore, and Chennai, and also exports lightweight 22-karat gold jewelry to Dubai, the US, and Australia.
Their designs are a mix of in-house creativity and outsourced work—think necklaces, rings, bangles—all mainly sold wholesale across India.
IPO details and anchor investors
The IPO subscription closes on July 2; allotment happens by July 3; listing is set for July 7 on NSE Emerge.
Anchor investors already picked up nearly 10 lakh shares on June 27 for ₹14 crore.
The funds raised will help with working capital and opening a new showroom.