Yaashvi Jewellers Limited is preparing to enter the public markets through an SME IPO on the BSE SME platform, looking to raise approximately ₹43.88 crore entirely via a fresh issue. The offering comprises 52,86,400 equity shares at a fixed price of ₹83 per share. Investors can place their bids starting Monday, May 25, 2026, with the subscription window remaining open through Wednesday, May 27, 2026. Allotment is expected to be finalised by May 29, 2026, with listing scheduled on or before June 2, 2026.
Since this is a fixed price issue, there is no price band. The issue price is set at ₹83 per share, with application lots fixed at 1,600 shares each. Retail investors are required to apply for a minimum of two lots, amounting to ₹2,65,600 at the issue price. For non-individual investors, the minimum application starts from three lots or more, requiring an investment upward of ₹3,98,400.
Yaashvi Jewellers IPO Details
Below are the key issue parameters investors need to review before applying.
| Particulars | Details |
| Bidding Opens | May 25, 2026 |
| Bidding Closes | May 27, 2026 |
| Issue Type | Fixed Price Issue |
| Face Value | ₹10 per share |
| Price Band | ₹83 per share |
| Listing at | BSE SME |
| Lot Size | 1,600 Shares |
| Reserved for Market Maker | 2,67,200 Shares |
| Offer for Sale(OFS) | Nil |
| Fresh Issue | 52,86,400 shares (₹43.88 Crore) |
| Total Issue | 52,86,400 shares (₹43.88 Crore) |
| Minimum Investment | ₹2,65,600 (3,200 shares / 2 lots) |
Yaashvi Jewellers IPO Timeline
Here is the tentative schedule of key events investors should track throughout the issue process.
| Particulars | Details |
| Bidding Opens | May 25, 2026 |
| Bidding Closes | May 27, 2026 |
| Allotment Expected | May 29, 2026 |
| Refunds/Unblocking of ASBA | On or before June 01, 2026 |
| Share Credit to Demat | On or before June 01, 2026 |
| Listing Scheduled | On or before June 02, 2026 |
| Cut-off for UPI Mandate | 5:00 PM on May 27, 2026 |
Yaashvi Jewellers Key Performance Indicators (KPI)
The company’s vital operational efficiency and profitability metrics are shown below.
| KPIs | FY26 | FY25 | FY24 |
| ROE (%) | 54.07% | 68.57% | 32.34% |
| ROCE (%) | 26.73% | 26.55% | 18.30% |
| Debt Equity (times) | 1.50 | 1.78 | 1.86 |
| RoNW (%) | 42.05% | 46.71% | 22.40% |
| PAT Margin (%) | 4.08% | 3.80% | 0.98% |
| EBITDA Margin (%) | 6.67% | 6.17% | 2.46% |
| Price Book Value | – | – | – |
Yaashvi Jewellers Financials
The table below highlights the company’s financial track record for the previous three fiscal years.
| Particulars (₹ in Lakhs) | FY26 | FY25 | FY24 |
| Revenue from Operations | 44,814.95 | 29,722.65 | 20,093.00 |
| Other Income | 159.34 | 53.83 | 0.09 |
| Total Income | 44,974.29 | 29,776.48 | 20,093.09 |
| EBITDA | 2,987.99 | 1,832.70 | 494.51 |
| Profit After Tax | 1,828.44 | 1,128.23 | 196.05 |
| Total Debt (Short Term + Long Term) | 6,535.85 | 4,310.93 | 1,624.62 |
Yaashvi Jewellers IPO Subscription Status
Live subscription data will become available once bidding begins on May 25, 2026.
Applications can be submitted between 10:00 AM and 5:00 PM during the issue period, with the UPI mandate cut-off fixed at 5:00 PM on the closing date of May 27, 2026.
Yaashvi Jewellers IPO Grey Market Premium
The current GMP for the Yaashvi Jewellers IPO stands at ₹0, indicating muted activity in the unofficial grey market ahead of the issue opening.
This suggests a probable debut near the issue price of ₹83, with minimal listing premium expected at this stage. GMP figures are directional in nature and subject to change as subscription sentiment builds.
| GMP Date | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 22-05-2026 | ₹0 ─ | ₹83 (0.00%) | ₹0 | 22-May-2026 20:31 |
| 21-05-2026 | ₹0 ─ | ₹83 (0.00%) | ₹0 | 21-May-2026 23:37 |
| 20-05-2026 | ₹0 ─ | ₹83 (0.00%) | ₹0 | 20-May-2026 23:31 |
Note: Grey Market Premium is an unofficial pricing reference formed through unregulated market activity. It is not monitored by authorities and may change often. It serves only as a rough indication and should not be used to predict listing outcomes.
Yaashvi Jewellers IPO Reservation
The category-wise share allocation structure for this fixed price issue is outlined below.
| Investor Category | Reservation |
| Market Maker Shares | 2,67,200 |
| QIB Shares | – |
| NII (HNI) Shares | Not less than 50.05% of Net Issue |
| Retail Shares | Not less than 49.95% of Net Issue |
| Total Shares | 52,86,400 |
Teamtech Yaashvi Jewellers IPO Lot Size
Details of the lowest application size for each investor segment are provided below.
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) Min | 2 | 3,200 | ₹2,65,600 |
| Individual Investors (Retail) Max | 2 | 3,200 | ₹2,65,600 |
| Non-Individual (HNI) Min | 3 | 4,800 | ₹3,98,400 |
Yaashvi Jewellers IPO Anchor Investors
No anchor investor portion has been disclosed as part of this fixed price SME issue. The Market Maker for the issue is Shreni Shares Limited, which has agreed to provide two-way quotes for a minimum of 75% of the trading time in a day post listing, as required under SEBI ICDR Regulations.
Yaashvi Jewellers IPO Prospectus
The organisation plans to deploy the raised capital toward debt repayment and working capital requirements.
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed Yet |
About Yaashvi Jewellers
Incorporated in 2016 and converted to a public limited company in December 2024, Yaashvi Jewellers Limited is a Jaipur-based manufacturer and trader of gold jewellery across 9K, 14K, 18K, 20K, and 22K purities. Machine-made gold chains form the core of its product portfolio. The company’s manufacturing facility at RIICO, Jaipur spans 1,092 sq. mtrs. with an installed capacity of 1,100 kg per annum.
Promoted by Ankita Agarwal and Ankit Aggarwal with over 16 years of combined industry experience the business primarily serves B2B customers while having recently expanded into B2C retail through a new 9,800 sq. mtrs. showroom in Jagatpura, Jaipur. Revenue is distributed across Rajasthan, Maharashtra, Delhi, and other states.
| Lead Manager | Smart Horizon Capital Advisors Private Limited |
| IPO Registrar | Bigshare Services Private Limited |
Yaashvi Jewellers IPO Objectives
The organisation plans to deploy the raised capital to fulfil the following motives:
| Particulars | Amount (₹ in Lakhs) |
| Funding working capital requirements | 2,150.00 |
| Repayment/prepayment of certain existing borrowings | 1,100.00 |
| General corporate purposes | 653.64 |
| Total | 3,903.64 |
Strengths of Yaashvi Jewellers IPO
The foundation of Yaashvi Jewellers’ business rests on the following key strengths:
- Experienced Promoters & Management Team: Promoters Ankita Agarwal and Ankit Aggarwal bring over 16 years of combined industry experience across manufacturing, sales, design, and operations forming the core of the company’s strategic and operational decision-making.
- Diversified Product Portfolio: The product range covers traditional, contemporary, and combination designs across multiple karat standards, with B2B wholesale at 74.10% and a growing B2C retail segment at 25.90% of FY26 revenue.
- Recurring Revenue from Long-Standing Relationships: Repeat customers contributed 71.60% of revenue from operations in FY26, reflecting the depth and consistency of the company’s trade relationships across the domestic jewellery market.
- Integrated Manufacturing Facility: The RIICO-based manufacturing unit in Jaipur has an installed capacity of 1,100 kg per annum, supporting end-to-end production with industry-grade machinery across every stage of the process.
- Commitment to Quality and BIS Hallmarking: All products carry BIS hallmarking for verified purity and authenticity, backed by strict quality checks at every stage from raw material inspection through to dispatch.
Risks of Yaashvi Jewellers IPO
A thorough evaluation of this issue must account for the following business and industry-related risk factors:
- Revenue Concentration Risk: The top five customers contributed 45.90% of total revenue in FY26. With no long-term contracts in place, any shift in these relationships could directly impact revenues.
- Raw Material Price Volatility: Gold bullion prices directly influence input costs and margins. Sharp price movements that cannot be passed on to customers could compress profitability.
- Dependence on Plain Gold Chains: Plain gold chains accounted for 65.57% of revenue from operations in FY26. Any sustained drop in demand for this segment poses a material risk to the overall business.
- Geographical Concentration: Rajasthan contributed 57.90% of FY26 revenue. Regional disruptions or economic slowdowns in key markets could disproportionately affect performance.
- Rising Debt Levels: Total borrowings grew from ₹1,624.62 lakhs in FY24 to ₹6,535.85 lakhs in FY26, increasing debt servicing obligations as the company continues to scale.
Yaashvi Jewellers IPO Review
Yaashvi Jewellers IPO shows a growing jewellery business with improving revenue and profitability over recent years. It operates in gold jewellery manufacturing and trading with both wholesale and retail presence. The GMP stands at ₹0, reflecting no grey market premium currently. While financials are strengthening, risks remain around gold price fluctuations, customer concentration, and regional dependence. The issue aims to support working capital needs and reduce borrowings for business expansion
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Yaashvi Jewellers IPO FAQs
Yaashvi Jewellers IPO is a BSE SME fixed price issue of about 52.86 lakh shares, aiming to raise around ₹43.88 crore through fresh equity issuance.
Investors can apply through ASBA via net banking or UPI using their broker platform during the subscription window from May 25 to May 27, 2026.
The company shows strong revenue and profit growth with improving margins, though risks include customer concentration, debt levels, and raw material price volatility.
The minimum lot size is 1,600 shares, requiring a retail investment of ₹2,65,600 at the issue price.
The allotment is expected to be finalized on May 29, 2026, as per the tentative IPO schedule.
The shares are scheduled to list on the BSE SME platform on June 2, 2026.
The GMP for the IPO is currently at ₹0 value, indicating neutral unofficial market interest and a likely listing near the issue price.
