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(26/06/2025 17:00)

Pushpa Jewellers announces launch of initial public offering

Pushpa Jewellers Ltd. has announced public offering of 6711000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 137.00 per share. The gross proceeds of the issue are expected to be Rs 9,865.17 lakhs.

The company's initial public offer (IPO) will open on 30 June 2025 and is expected to close on 02 July 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 143.00-147.00 per share.

The IPO includes a fresh Issue of 6711000 Equity Shares of the Company at an price of Rs 147.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Pushpa Jewellers Ltd. anticipates using the proceeds of the issue for .

Affinity Global Capital Market Pvt. Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.