Yaashvi Jewellers Ltd IPO
Diamond, Gems and Jewellery
Price Band
₹83 – ₹83
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹265600
Issue Size
₹43.88Cr
Opens
2026-05-25
Closes
2026-05-27
Listing
02-06-2026
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
3.13 x
Retail Individual Investor
1.71 x
Total
5.35 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1T6L01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Yaashvi Jewellers is a Jaipur-based jewellery company engaged in the manufacturing and trading of gold jewellery. Its core manufacturing activity involves machine-made gold chains in 9K, 14K, 18K, 20K, and 22K gold, which are used as standalone products or as components in larger jewellery pieces such as mangalsutras, bracelets, anklets, and earrings. Beyond its core manufacturing, the company trades in studded gold jewellery, diamond jewellery, fashion silver jewellery under the brand name "PURESOUL," and gold bullion. It also offers customised jewellery solutions, with production facilitated through job workers when required. The company serves both B2B and B2C customers. Yaashvi Jewellers operates a manufacturing facility in Jaipur, Rajasthan, spread across 1,092 sq. mtrs., equipped with induction melting furnaces, wire-drawing machines, chain-making machines, and laser welding machines. It also operates a display outlet and a retail showroom, both located in Jaipur. All products are hallmarked by the Bureau of Indian Standards (BIS).
Pros
- • The company's business has historically been wholesale-oriented, with B2B revenues contributing Rs 198.12 crore (98.60%), Rs 222.55 crore (74.87%), and Rs 332.06 crore (74.10%) in FY24, FY25, and FY26, respectively. Over the past year, the company has also expanded into retail, with B2C revenues growing from Rs 2.81 crore (1.40%) in FY24 to Rs 74.68 crore (25.13%) in FY25 to Rs 116.09 crore (25.90%) in FY26.
- • Yaashvi Jewellers' core manufacturing activity is centred on machine-made gold chains, which form the primary component of its product portfolio. These chains are used both as standalone products and as structural or design elements in larger jewellery pieces such as mangalsutras, bracelets, anklets, and earrings, giving the company a focused manufacturing competency within the broader gold jewellery segment.
- • The company claims to operate an in-house gold jewellery manufacturing facility in Jaipur, Rajasthan, spread across 1,092 sq. mtrs., with an installed capacity of 1,100 kg per annum as of March 31, 2026. The facility is claimed to be equipped with induction melting furnaces, wire drawing machines, chain making machines, and laser welding machines, among other equipment.
Cons
- • The top 5 customers of Yaashvi Jewellers contributed Rs 205.68 crore (45.90%), Rs 95.80 crore (32.23%), and Rs 80.10 crore (39.87%) of total purchases in FY26, FY25, and FY24, respectively. The top 10 customers contributed Rs 267.24 crore (59.63%), Rs 136.02 crore (45.76%), and Rs 117.22 crore (58.34%) in the same periods. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company's revenue and financial standing.
- • Yaashvi Jewellers operates entirely on a purchase order basis and does not enter into long-term agreements with its customers. This means the company has no assured or committed revenue from its existing client base, and customers may cancel, modify, or reduce orders at their discretion. Any such developments could result in revenue volatility and uncertainty in future financial performance.
- • The company derives a large portion of its revenue from Rajasthan, which contributed Rs 259.47 crore (57.90%), Rs 201.28 crore (67.72%), and Rs 119.11 crore (59.28%) of total revenue from operations in FY26, FY25, and FY24, respectively. Any adverse economic, political, or regulatory developments in Rajasthan could materially impact the company's business and financial condition. Additionally, the company's manufacturing facility, registered office, retail shop, and showroom are all located in Jaipur, further concentrating its operational exposure to a single region.
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