Yaashvi Jewellers IPO opens May 25–27, 2026 at a fixed price of ₹83 on BSE SME. Issue size ₹43.88 crore. Jaipur-based gold chain manufacturer reported revenue of ₹297.76 crore and PAT growth of 475% in FY25. Allotment May 29, listing June 2. Complete review, financials, lot size and investment verdict inside.
Yaashvi Jewellers IPO 2026 — Complete Review, GMP, Fixed Price ₹83 & Should You Apply?
Jaipur-based Yaashvi Jewellers Limited, a manufacturer and trader of gold jewellery incorporated in 2013, is opening its BSE SME IPO on May 25, 2026. This is a fixed price issue at ₹83 per share — meaning all investors bid at the same price with no price band. The company reported revenue of ₹297.76 crore and PAT of ₹11.28 crore in FY2025, showing strong improvement from the previous year. Here is the complete guide.
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## Yaashvi Jewellers IPO Key Details
| IPO Detail | Information |
|---|---|
| IPO Open Date | May 25, 2026 (Sunday) |
| IPO Close Date | May 27, 2026 (Tuesday) |
| Issue Price | ₹83 per share (Fixed Price Issue) |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Minimum Application (Retail – 2 lots) | ₹2,65,600 (3,200 shares) |
| Issue Size | ₹43.88 crore |
| Issue Type | Fixed Price — 100% Fresh Issue (52.86 lakh shares) |
| Retail Quota | 50% |
| HNI Quota | 50% |
| Listing Exchange | BSE SME |
| Allotment Date | May 29, 2026 |
| Listing Date | June 2, 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Smart Horizon Capital Advisors Pvt. Ltd. |
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## Yaashvi Jewellers IPO GMP Today (May 23, 2026)
The Yaashvi Jewellers IPO GMP today is NIL. Since this is a fixed price issue (no price band), grey market sentiment is still forming. Investors should monitor GMP closer to the listing date of June 2, 2026.
> **Note on Fixed Price Issues:** Unlike book-build IPOs, fixed price issues carry slightly different dynamics. Oversubscription in the HNI and retail categories is the key driver of listing performance.
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## About Yaashvi Jewellers Limited
Incorporated in 2013 and based in Jaipur, Rajasthan, Yaashvi Jewellers manufactures and trades gold jewellery with a focus on **machine-made gold chains** as its core product. The company serves across multiple gold purity categories:
- **9K, 14K, 18K, 20K, and 22K** gold jewellery
- Machine-made gold chains — used as standalone products and as base components in mangalsutras, bracelets, anklets, and earrings
**Full product portfolio:**
- Machine-made gold chains (core)
- Designer and studded gold jewellery (18K–22K)
- Diamond jewellery
- Fashion silver jewellery (including gold-plated variants)
- Gold bullion
- Customised jewellery products
**Business model:** Both B2B and B2C customers served. B2B customers include dealers, showrooms, and small jewellery shops (wholesale). Retail presence through company outlets.
The company focuses on **affordability, quality assurance, and hallmarked jewellery** — targeting value-conscious customers in the organised jewellery segment.
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## Yaashvi Jewellers Financial Performance
| Metric | FY2024 | FY2025 | Growth |
|---|---|---|---|
| Revenue from Operations | ₹200.93 crore | ₹297.76 crore | +48% |
| Profit After Tax (PAT) | ₹1.96 crore | ₹11.28 crore | +475% |
Revenue grew 48% year-over-year and PAT exploded by 475% — from ₹1.96 crore to ₹11.28 crore. This near-6x jump in profitability in a single year is a standout metric, driven by improving margins as the company scales its wholesale distribution.
The company has also reported strong growth in FY2026 revenues, maintaining momentum.
**How IPO proceeds will be used:**
- Funding working capital requirements
- Expansion of retail presence
- General corporate purposes
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## Strengths & Risks
**Strengths:**
- 475% PAT growth in FY2025 — exceptional profitability improvement
- Asset-heavy manufacturing with in-house quality control
- Machine-made gold chains — high volume, steady demand
- Focus on hallmarked, quality-assured jewellery
- Growing organised jewellery market in India
**Risks:**
- NIL GMP — short-term listing gain uncertain
- Fixed price issue — pricing risk entirely on the company's assessment
- Gold price volatility directly impacts inventory costs and margins
- Smaller retail footprint compared to listed peers
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## Should You Apply for Yaashvi Jewellers IPO?
Yaashvi Jewellers offers a compelling value proposition with its 475% PAT growth story and steady demand for machine-made gold chains in the Indian wholesale market. The fixed price of ₹83 is entry-level, making it accessible. However, the NIL GMP means investors should apply with a medium-to-long term horizon rather than expecting immediate listing gains.
The allotment is on May 29, 2026 and listing on June 2, 2026 — making this the first of the current lot of 4 SME IPOs to get listed.
**Recommendation:** Apply for medium to long term. Suitable for investors looking for jewellery sector exposure at an affordable price point.
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> **Disclaimer:** This article is for informational and educational purposes only. Please consult a SEBI-registered investment advisor before investing. GMP is unofficial and subject to change.
