Yaashvi Jewellers is set to list its shares on the BSE SME platform today, June 2, with the IPO commanding a grey market premium (GMP) of 0%, indicating that the stock is trading around its issue price of Rs 83 per share in the unofficial market. The Rs 43.9 crore IPO was open for subscription from May 25 to May 27, with allotment finalized on May 29.
The IPO consisted entirely of a fresh issue of 52.86 lakh shares, priced at Rs 83 each. Yaashvi Jewellers, incorporated in 2016, specializes in manufacturing and trading gold jewellery, offering products across 9K, 14K, 18K, 20K, and 22K gold categories. The company has recently expanded its retail segment presence, serving both B2B and retail customers.
Yaashvi Jewellers operates an integrated manufacturing facility focusing on hallmarked jewellery products. As of March 31, 2026, the company employed 65 people. Financially, the company reported a 51% increase in total income to Rs 449.7 crore for FY26, with profit after tax rising 62% to Rs 18.3 crore. The company's net worth stood at Rs 43.5 crore at the end of FY26, up from Rs 24.2 crore the previous year.
The IPO proceeds are earmarked primarily for working capital requirements and general corporate purposes. Despite strong revenue and earnings growth, the flat GMP suggests cautious investor sentiment, reflecting mixed performances of SME IPOs in recent months.
Smart Horizon Capital Advisors served as the book-running lead manager for the issue, with Bigshare Services as the registrar and Shreni Shares as the market maker.
Background
The cautious approach towards Yaashvi Jewellers' IPO highlights the current trend of investors being selective with valuations and post-listing liquidity, especially in the SME segment.
As the shares debut today, market participants will be closely watching the stock's performance to gauge investor sentiment and market reception.
