Shares of Yaashvi Jewellers made a flat debut on the BSE SME platform on Tuesday, listing at Rs 83 apiece, the same as its IPO issue price. The listing was in line with expectations in the unlisted market, where the stock was commanding no grey market premium (GMP) ahead of its market debut, indicating subdued investor sentiment.
The Rs 43.9 crore IPO was open for subscription between May 25 and May 27, while the allotment was finalised on May 29. Shares are scheduled to list on the BSE SME platform on June 2. The issue was entirely a fresh issue of 52.86 lakh shares and was priced at Rs 83 per share.
Incorporated in 2016, Yaashvi Jewellers is engaged in the manufacturing and trading of gold jewellery. The company offers a range of products across 9K, 14K, 18K, 20K and 22K gold jewellery categories. Its portfolio includes machine-made gold chains, designer gold jewellery, diamond jewellery, gold bullion and customized jewellery products.
The company serves both business-to-business and retail customers and has recently expanded its presence in the retail segment.
Yaashvi Jewellers operates an integrated manufacturing facility and focuses on hallmarked jewellery products. As of March 31, 2026, it had 65 employees.
The company has reported strong financial growth in recent years. For FY26, total income rose 51% year-on-year to Rs 449.7 crore, while profit after tax increased 62% to Rs 18.3 crore. Net worth stood at Rs 43.5 crore at the end of FY26, compared with Rs 24.2 crore a year earlier.
The company plans to use the IPO proceeds primarily for working capital requirements and general corporate purposes.
Smart Horizon Capital Advisors was the book-running lead manager to the issue, while Bigshare Services acted as the registrar. Shreni Shares was the market maker.
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