Yaashvi Jewellers IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 190.44 | 200.93 | 297.76 | 449.74 |
| Expense | 189.50 | 198.26 | 282.23 | 424.69 |
| Profit (PAT) | 0.69 | 1.96 | 11.28 | 18.28 |
| Total Assets | 12.26 | 25.49 | 70.94 | 118.23 |
| Company | P/E | EPS |
|---|---|---|
| Ashapuri Gold Ornaments Limited | 11.03 | 0.38 |
| Moksh Gold Ornaments Limited | 12.10 | 1.01 |
| AJC Jewel Manufacturers Limited | 14.75 | 6.44 |
Promoters: Ankita Agarwal and Ankit Aggarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,23,35,124 | 94.30% |
| Promoter Holding Post Issue | 1,76,21,524 | 66.01% |
Strengths & Risks
- Strongly subscribed — 5.7x overall (so far).
- Revenue grew 56% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 69%.
- Elevated leverage — debt/equity of 1.78.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Yaashvi Jewellers has been involved in the manufacturing and trading of gold jewellery in 9K, 14K, 18K, 20K, and 22K. The firm manufactures machine-made gold chains, which are its main product and are used in different types of gold jewellery designs. Along with manufacturing, the firm also focuses on studded gold and silver jewellery, diamond jewellery, gold bullion, and customised jewellery for clients. Its product portfolio includes a diverse range of gold products, such as Plain Gold Jewellery products, Designer Gold jewellery, Diamond Jewellery, and Gold Bullions. The company operates in both the B2B and B2C segments, offering a wide range of products.
| Purpose | Amount (Cr) |
|---|---|
| Funding Working Capital Requirements of the Company | 21.50 |
| Repayment/ prepayment of certain borrowings availed by the Company and | 11.00 |
| General Corporate Purpose | - |
Resources & Documents
Yaashvi Jewellers Ltd., Plot No. 486, Nemi Sagar Colony,, Vaishali Nagar, Jaipur, Rajasthan, 302021
Yaashvi Jewellers has fixed the issue price at Rs 83 per share for an issue size of Rs 44 crore. The stock listed flat against its issue price.
Yaashvi Jewellers has been involved in the manufacturing and trading of gold jewellery in 9K, 14K, 18K, 20K, and 22K. The firm manufactures machine-made gold chains, which are its main product and are used in different types of gold jewellery designs.
The issue is promoted by Ankita Agarwal and Ankit Aggarwal with Smart Horizon Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding Working Capital Requirements of the Company (Rs 22 crore) and Repayment/ prepayment of certain borrowings availed by the Company and (Rs 11 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 5.69x, retail at 1.76x, NII at 3.50x.
On fundamentals, the company is posting revenue growth of 56.3%, a profit margin of 8.7%, return on equity of 68.6% in its most recent reported period. Listed peers in this segment include Ashapuri Gold Ornaments Limited (P/E 11.03x) and Moksh Gold Ornaments Limited (P/E 12.10x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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