Yaashvi Jewellers IPO

About Yaashvi Jewellers IPO

The Yaashvi Jewellers IPO opens on Monday, May 25, 2026 and closes on Wednesday, May 27, 2026. The allotment of shares will take place on Friday, May 29, 2026. The credit of shares to the demat account will take place on Monday, June 1, 2026. The initiation of refunds will take place on Monday, June 1, 2026. The listing of shares will take place on Tuesday, June 2, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.53 crore shares of ₹43.88 crores. The total number of shares and aggregate amount are 52,86,400 shares aggregating up to ₹44 crores.

Yaashvi Jewellers IPO’s issue price band is set at ₹83 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by a retail investor is ₹2,65,600 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹3,98,400. The Yaashvi Jewellers IPO will be listed on the BSE SME (SME Platform of BSE Limited) upon completion of the offer.

Yaashvi Jewellers is engaged in manufacturing and trading of a wide range of jewellery with major product portfolio being gold jewellery in 9K, 14K, 18K, 20K, and 22K, focusing on affordability and quality. Alongside manufacturing, they trade in studded gold and fashion silver jewellery, diamond jewellery, gold bullion, and also offer customized jewellery for clients.

Objectives of Yaashvi Jewellers IPO

• Funding working capital requirements of the company.
  
• Repayment/ prepayment of certain borrowings availed by the company.
  
• General corporate purpose.
  

Industry Outlook

India's Gems and Jewellery sector is a significant contributor to the economy, playing a crucial role in exports, employment, and overall GDP. The industry is well-positioned with a strong domestic market and an expanding international presence. According to the World Gold Council, India accounts for approximately 25% of the world’s gold demand, primarily driven by weddings, festivals, and traditional investment preferences. Despite limited domestic production, the country remains highly dependent on imports to meet its gold demand. In response, the government has introduced policy measures, including import duty revisions, to regulate gold inflows and enhance economic stability.

About Yaashvi Jewellers

Yaashvi Jewellers are primarily engaged in the business of manufacturing a wide range of gold jewellery which includes 9K, 14K, 18K, 20K, and 22K plain gold jewellery. They manufacture the finished gold jewellery from the raw gold i.e. bullions and required consumables and further supply these products to dealers, showrooms, and small jewellery shops in the wholesale quantities as well as in retail. Their core specialisation is in the manufacturing of machine-made gold chains which forms the major part of their product portfolio. Machine made gold chains are used in multiple formats, from being used as chain to be worn directly as final product or be used as part of larger jewellery such as mangalsutra, bracelets, anklets, earrings etc where it forms the base of the jewellery piece or used to provide the design element. Machine-made gold chains are lightweight and can be crafted in a wide variety of designs and thicknesses, making them suitable for diverse customer needs. Additionally, depending on requirements, the company undertakes certain processes on a jobwork basis and also outsources as needed. They are also engaged in the trading of a wide variety of jewellery products, catering to both wholesale and retail markets.

Strengths of Yaashvi Jewellers

• Experienced promoters and management team.
  
• Diversified product portfolio.
  
• Recurring and non-recurring, repeat revenues from long standing customer relationships.
  
• Integrated Manufacturing Facility
  
• Commitment to quality and hallmarked jewellery assurance
  

Risks of Yaashvi Jewellers

• They have certain outstanding litigation against them, an adverse outcome of which may adversely affect their business, reputation and results of operations.
  
• They depend on a few suppliers for their raw materials required for their operations and they have not entered into any long-term agreements.
  
• They depend on certain customers for a significant portion of their revenues.
  
• Their jewellery business faces risks from market volatility and changing customer preferences.
  
• A majority of their revenue from operation is derived from manufacturing of plain gold chains.
  

Notes: 1. The figures for Yaashvi Jewellers are based on Restated Financial Statements for the year ended March 31, 2026.

2. The figures for their peer companies are based on Audited Financial Statements for the year ended March 31, 2025, as figures for the year ended March 31, 2026 are not available.

3. P/E Ratio has been computed based on their respective closing market price on May 18, 2026, as divided by the Basic EPS as on March 31, 2025.

4. RoNW is calculated as Restated Profit for the year attributable to equity shareholders divided by the Net Worth of Yaashvi Jewellers for the financial year ending March 31, 2026.

5. Net asset value per equity share is calculated as net worth as of the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.

6. Price Earning (P/E) Ratio in relation to the Issue Price of ₹83/- per share.

7. The face value of their share is ₹10/- per share and the Issue Price of ₹83/- per share is 8.3 times of the face value.

Anchor Investor Bidding Date: NA

Registrar: Bigshare Services Private Limited is a SEBI-registered registrar and share transfer agent (SEBI Registration No. INR000001385) headquartered in Mumbai, Maharashtra. They handle IPO processing, share allotment, refund initiation, demat credit services, and investor grievance redressal for this offer. Investors may reach them at ipo@bigshareonline.com or +91 022-6263 8200.

Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited (Formerly Known as Shreni Capital Advisors Private Limited)

Yaashvi Jewellers Business Model

The company earns its revenue through the manufacturing and trading of a wide range of jewellery with its major product portfolio being gold jewellery in 9K, 14K, 18K, 20K, and 22K.

Yaashvi Jewellers Growth Trajectory

Yaashvi Jewellers’s Total Income for FY25 was ₹449.743 crores, whereas in FY24 and FY23 it was ₹297.765 crores and ₹200.931 crores, respectively.

The Profit After Tax for FY25 was ₹18.284 crores, whereas in FY24 and FY23 it was ₹11.282 crores and ₹1.960 crores, respectively.

Their EBITDA for FY25 was ₹29.880 crores, whereas in FY24 and FY23 it was ₹18.327 crores and ₹4.945 crores, respectively.

Yaashvi Jewellers Market Position

• As of March 31, 2026 they have an installed manufacturing capacity of 1,100.00 kg per annum.
• They have built long-standing relationships with a wide base of customers across the domestic jewellery market, enabling them to effectively cross-sell their products while also attracting new clients.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹449.743 crores, ₹18.284 crores, and ₹29.880 crores, respectively.

How to apply for Yaashvi Jewellers IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.