Yaashvi Jewellers IPO Sees 1.18x Subscription So Far

Yaashvi Jewellers IPO Opens for Subscription

The Yaashvi Jewellers Initial Public Offering (IPO) has commenced its subscription period on 25 May and is set to conclude on 27 May. The company has priced its SME issue at ₹83 per equity share, with a face value of ₹10 per share. Investors can apply for a minimum of 1,600 shares and thereafter in multiples of 1,600 shares.

Company Overview

Yaashvi Jewellers, incorporated in 2013, is engaged in the manufacturing and trading of gold jewellery. The company offers a diverse portfolio of jewellery products across 9K, 14K, 18K, 20K, and 22K gold categories, catering to customers seeking quality craftsmanship at affordable price points. Its core business revolves around the production of machine-made gold chains, which are widely used in various jewellery designs. In addition, the company deals in studded gold jewellery, diamond jewellery, silver fashion jewellery, gold bullion, and customised jewellery products.

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Business Operations

Yaashvi Jewellers serves both B2B and B2C customers, supplying products to businesses while also catering directly to retail consumers. The company has recently strengthened its retail footprint as part of its expansion strategy to enhance market reach and customer engagement.

IPO Details and Subscription Status

The company aims to generate approximately ₹44 crore through its initial public offering, which will feature only a new issue of shares priced at ₹83 each. The IPO has received bids for 59,45,600 shares against 50,19,200 shares on offer at 12:29 IST, according to chittorgarh.com. As of day 3, the subscription status stands at 1.18x, with the retail portion subscribed at 44% and the Non-Institutional Investors (NII) portion booked at 1.83x.

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IPO GMP and Lead Manager

Yaashvi Jewellers IPO GMP is ₹0, indicating shares are trading at the issue price of ₹83 with no premium or discount in the grey market, according to investorgain.com. Smart Horizon Capital Advisors Pvt. Ltd. is the lead manager for the offering, while Bigshare Services Pvt. Ltd. functions as the registrar. The Market Maker for the company is Shreni Shares Ltd.