7/7/2025, 10:25:05 am

Pushpa Jewellers lists at ₹112 on NSE SME, ~24% below IPO price

Shares of Pushpa Jewellers debuted weakly at ₹112 on NSE SME, a 23.81% discount from its ₹147 IPO price. The ₹98.65 crore IPO, subscribed 2.46 times, saw strong retail (3.71x) and NII (2.51x) participation, with QIBs fully booked. Funds will support a new showroom and working capital. The jeweler specializes in 22-karat gold, serving domestic and global markets.