Yaashvi Jewellers Summary
The company operates in the gems, jewellery and watches industry, and its core competence lies in manufacturing and trading of various gold, diamond, and fashion jewellery items such as machine made gold chains, plain gold jewellery, designer gold jewellery, diamond jewellery, fashion silver jewellery, and gold bullions. The range of products that the company offers caters to the needs of B2B customers with an increasing reach into the B2C market for affordable, hallmarked, and customised jewellery.
When it comes to the business model, Yaashvi Jewellers is running its business through integrated in-house manufacturing and B2B trading, and therefore it has the ability to earn recurring and repeat revenues owing to sustained customer relationships. The diversified range of products, integrated manufacturing facility, and emphasis on quality hallmarked jewellery ensures that the company maintains its revenue stream without having to depend on a strong retail sales network.
Yaashvi Jewellers Ltd is launching a BSE SME fixed‑price SME IPO with a face value of ₹10 per share and an issue price of ₹83 per share. The total issue size is ₹43.88 Cr, entirely comprising a fresh issue of ₹41.66 Cr, with ₹2.22 Cr reserved for the market maker. The IPO is structured for NII (HNI) and Retail investors, with about 50% of the net issue reserved for each category, and the tentative listing is on BSE SME on 2 June 2026.
Yaashvi Jewellers IPO Details:
Yaashvi Jewellers Limited Issue Management:
Smart Horizon Capital Advisors. Ltd. acts as the book-running lead manager for Yaashvi Jewellers BSE SME IPO, managing underwriting and compliance.
Yaashvi Jewellers Limited IPO RTA (Registrar) Details:
Bigshare Services Pvt.Ltd. handles allotment, refunds, and demat credits - contact at +91-22-6263 8200 or investor@bigshareonline.com.
Yaashvi Jewellers Limited IPO Allotment Status:
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Visit the Bigshare Services Pvt.Ltd IPO Application Status page.
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Yaashvi Jewellers SME IPO totals ₹43.88 Cr, comprising a fresh issue of ₹41.66 Cr, with ₹2.22 Cr reserved for the market maker. The face value is ₹10 per share and the issue price is ₹83 per share (fixed‑price issue on BSE SME).
Yaashvi Jewellers Limited IPO proceeds from the fresh issue will be deployed towards:
Yaashvi Jewellers IPO offers 52,86,400 equity shares (total issue ₹43.88 Cr, net offer to public ₹43.88 Cr after market‑maker reservation is treated as part of the issue).
The anchor bidding for Yaashvi Jewellers Ltd. SME IPO is scheduled for 24th May 2026, one working day before the issue opens on 25th May 2026, and anchor investors will be allotted shares from the QIB portion (within the overall QIB tranche, as per SME‑IPO structure).
Lock-in: Since this is an SME IPO without a separate QIB quota, the standard SME IPO anchor lock‑in norm is not applicable in the same way; instead, market‑maker and promoter–related lock‑ins follow SEBI SME regulations, generally with limited or no lock‑in for public‑issue shares, while promoters and key management retain their existing holding norms. The issue is scheduled to list on 2nd June 2026 on BSE SME, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date.
The anchor allocation details and investor list will be disclosed in the lead manager’s book before the IPO opening. Smart Horizon Capital Advisors is the Lead Manager to the issue, and the registrar for the IPO is Bigshare Services Pvt. Ltd.
The profitability of Yaashvi Jewellers Ltd. comes about because of the firm’s manufacturing, trading, and customization of various types of jewellery, particularly with regard to the manufacture of machine-made gold chains with specifications of 9K, 14K, 18K, 20K, and 22K. In addition, the company caters to both Business to Business (B2B) and Business to Consumer (B2C) customers, offering them with plain gold jewellery, designer gold jewellery, diamond jewellery, fashion silver jewellery, gold bullion, and customised designs. Sources of revenues for Yaashvi Jewellers Ltd. include gold and diamond jewellery sales, contract manufacturing for other jewellery firms, manufacturing of studded products, fashion silver, and bullion trading. The firm’s profitability comes from a combined manufacturing approach, following hallmarking and quality controls, manufacturing various jewellery SKU, and the establishment of strong relationships with customers.
On the financial front, Yaashvi Jewellers has demonstrated strong growth and improving margins, with total income increasing from about ₹200.93 crore in FY24 to ₹449.74 crore in FY26, while profit after tax (PAT) rose from roughly ₹1.96 crore in FY24 to about ₹18.28 crore in FY26. EBITDA increased from ₹4.95 crore in FY24 to ₹29.88 crore in FY26, and key margin indicators such as EBITDA margin and PAT margin expanded to around 6–7% and about 4% respectively by FY26. Return‑on‑equity and return‑on‑net‑worth stood in the mid‑40% to high‑60% range (ROE ~68.57% and RoNW ~46.71% as of FY25), with net worth growing from ₹8.75 crore in FY24 to about ₹43.48 crore by FY26.
Action Links:
To apply for Yaashvi Jewellers Limited IPO, open a demat account here
Yaashvi Jewellers Limited IPO Subscription Status: Check live subscription here
Yaashvi Jewellers Limited IPO GMP Update: Check latest grey market premium here
Yaashvi Jewellers Key Highlights:
Yaashvi Jewellers is an organization that functions in the precious metals and jewelry industry. They deal with the manufacture, trade, and customization of various types of jewelry items, but their main focus is on the production of machine-made gold chains in 9K, 14K, 18K, 20K, and 22K for business to business as well as business to consumer customers. Apart from this, they also do business in studded gold jewelry, fashion silver jewelry, diamond jewelry, and gold bullion.
Some of the key strengths of Yaashvi Jewellers include an integration manufacturing setup, diverse range of products, manufacture of affordable but hallmarked jewelry, and existing customer relations that help in generating repeat orders. The promoters and managers have experience in the domain of jewelry manufacturing and trading, while the factory is able to manufacture many different SKUs of jewelry.
As regards the recent growth in the financial performance of the company, the income level of the company increased from approximately ₹200.93 crore in FY24 to ₹449.74 crore in FY26, while the PAT of the company rose from approximately ₹1.96 crore in FY24 to approximately ₹18.28 crore in FY26.
Growth drivers in this case include: constant demand for machine-made gold chains and simple jewelry, moving towards retail and B2C sales, efficient use of working capital, emphasizing hallmarked jewelry, and maintaining better client relations that can help in generating repeat orders and maximizing capacity utilization.
Yaashvi Jewellers Risk Factors:
The risks of Yaashvi Jewellers Limited IPO are mentioned below:
Dependence on gold prices and the prevailing attitude about jewellery consumption; changes in either the price of gold or consumer attitudes can affect the volumes and margins.
The focus on the few significant B2B customers; loss of orders from the significant customers can adversely impact the revenue stream.
Inventory-heavy and working-capital intensive nature of the business of manufacturing and trading of jewellery, which can cause liquidity issues.
Risk to liquidity due to the small listing of an SME and the possibility that post-listing the company may experience more volatility.
Risk of execution due to the need to scale up, manage borrowings, and deploy funds raised from IPO without affecting margins/working capital.
Yaashvi Jewellers Expert Analysis:
Yaashvi Jewellers’ SME IPO (BSE SME) involves a total issue size of about ₹43.88 crore at a fixed price of ₹83 per share (face value ₹10). The issue is nearly entirely a fresh issue, aimed at strengthening working capital, repaying/prepaying certain borrowings, and supporting general corporate purposes, which should help de‑risk the balance sheet but also demand disciplined fund deployment.
Basic details of the IPO:
Type of IPO: Fixed‑price SME IPO (BSE SME)
Uses of funds: fund working capital, repay/prepay borrowings, and support general corporate purposes; moves that can support scale but carry execution and working‑capital‑management risk.
Anchor bidding: 24 May 2026 | Opens 25 May 2026 | Closes 27 May 2026 | Allotment 29 May 2026 | Listing 02 June 2026 (BSE SME).
Lead Manager: Smart Horizon Capital Advisors (and associates) | Registrar: Bigshare Services Pvt. Ltd.
Expert View on the IPO:
Yaashvi Jewellers is a specialist player in the manufacture of gold chains and jewelry with an improving profitability profile and good ROE/ROCE with a decent market valuation (with P/E of approximately 9-10 times post-IPO). When compared to other listed players in the sector, Yaashvi exhibits better revenue and PAT growth performance, although it faces the same inherent risks as other players in the sector like gold price volatility and working capital issues and customer concentration.
Should you invest in Yaashvi Jewellers?
An investor looking for an investment option from the SME segment in the gold jewelry manufacturing industry, with better profitability levels and undervaluation, should consider the Yaashvi Jewellers IPO issue, but if he finds comfort in sector-related risks.
Consider investing when:
You are looking for exposure to a fast-growing gold chain and jewellery company with a diverse range of products, and improving ROE/ROCE.
You are able to handle the liquidity and volatility inherent in small-cap listed stocks, along with the risks of gold-price and demand cycles.
You are convinced that the management is capable of retaining healthy client relations, keeping margins high, and making efficient use of the IPO capital to increase output and working capital.
Do not invest when:
You prefer exposure to blue chip, diversified jewellery/consumer goods companies with higher recognition and liquidity.
You are risk-averse when it comes to working capital-intensive companies, small-cap exchange liquidity, or client concentration risks.
You are uncomfortable with the cyclicality of gold-price sensitive jewellery sales, and capacity expansion risks.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Yaashvi Jewellers Limited IPO, open a demat account here
Yaashvi Jewellers Limited IPO Subscription Status: Check live subscription here
Yaashvi Jewellers Limited IPO GMP Update: Check latest grey market premium here
1. What is the Yaashvi Jewellers Limited IPO open and close date?
Yaashvi Jewellers SME IPO opens on 25th May 2026 and closes on 27th May 2026. The tentative listing date on BSE SME is 2nd June 2026.
Track Yaashvi Jewellers Limited IPO subscription status live here from Finnpick.
2. What is the Yaashvi Jewellers Limited IPO price band and lot size?
The IPO is a fixed‑price SME issue at ₹83.00 per share (face value ₹10). The minimum bid lot for retail investors is 3,200 shares (2 lots), with subsequent bids in multiples of 1,600 shares.
3. What is Yaashvi Jewellers Limited IPO total size?
The total issue size is about ₹43.88 crore, comprising a fresh issue of ₹41.66 crore and reserved for market maker ₹2.22 crore. Net offer to public is approximately 50,19,200 shares, with the balance on a firm‑basis basis.
4. How to apply for the Yaashvi Jewellers Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by May 27, 4 PM. Monitor Yaashvi Jewellers Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Yaashvi Jewellers Limited IPO Allotment Status?
The allotment date is on May 29th and can be checked on Bigshare Services Pvt. Ltd. Pvt. Ltd. RTA portal using PAN/DP ID.
6. What is Yaashvi Jewellers Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of May 21, indicating listing at the price range of ₹83 - check daily updates of Yaashvi Jewellers Limited IPO GMP trends here and live subscription status here from May 25th opening only on Finnpick.
7. What does Yaashvi Jewellers Limited specialize in?
Yaashvi Jewellers is engaged in manufacturing and trading of a wide range of jewellery, with a core focus on machine‑made gold chains in 9K, 14K, 18K, 20K, and 22K. The company also deals in plain gold jewellery, designer gold jewellery, diamond jewellery, fashion silver jewellery, gold bullion, and customized designs, serving both B2B and B2C customers.
8. When is the Yaashvi Jewellers Limited IPO listing date?
The IPO is scheduled to list on BSE SME on 2nd June 2026, subject to final confirmation from the exchange and SEBI. Basis of allotment is tentatively on 29th May 2026, with refunds and demat credits around 1st June 2026.
9. What are the Yaashvi Jewellers Limited IPO proceeds utilization details?
The IPO proceeds will primarily be utilized towards: Funding working capital requirements of the company (~₹21.50 crore), Repayment/prepayment of certain borrowings (~₹11.00 crore), General corporate purposes (~₹6.54 crore)
10. Who are the promoters of Yaashvi Jewellers Limited?
The promoters of Yaashvi Jewellers Ltd. are Ankita Agarwal and Ankit Aggarwal. Pre‑IPO promoter holding is reported at 94.30%, which is expected to dilute to around 66.01% post‑IPO.
11. Should I apply for the Yaashvi Jewellers IPO?
You may consider applying if you are comfortable with an SME‑listed, jewellery‑manufacturing business with improving financials (strong revenue and PAT growth, high ROE/ROCE) and a relatively low ticket size per retail lot. Avoid if you are risk‑averse to SME‑listing liquidity constraints, gold‑price sensitivity, inventory‑intensive operations, or client‑concentration risk. This FAQ is for informational purposes only and not investment advice; please read the RHP/DRHP and consult a SEBI‑registered advisor before investing.
