Yaashvi Jewellers Makes Lackluster Debut on BSE SME with Listing at IPO Price of ₹83

Yaashvi Jewellers Shares Make Flat Debut in Indian Stock Market

Yaashvi Jewellers, a gold jewellery manufacturer and trader, listed its shares on the BSE SME platform on Tuesday, 2 June, at par with the initial public offering (IPO) price. This means that the IPO allottees neither made a gain nor a loss on the listing of Yaashvi Jewellers IPO. The stock opened at ₹83, matching the offer price. Immediately after listing, Yaashvi Jewellers shares gained over 3% to ₹85.50 apiece.

The listing of Yaashvi Jewellers IPO was in line with market expectations. Ahead of the debut, the grey market premium (GMP) of Yaashvi Jewellers IPO was +0, indicating a flat listing. The ₹43.9-crore IPO was open for subscription from 25 May to 27 May, with the share allotment finalised on 29 May. The offering consisted entirely of a fresh issue of 52.86 lakh equity shares.

The proceeds from the issue will be largely utilised to meet working capital needs, with the remainder earmarked for general corporate purposes. Smart Horizon Capital Advisors acted as the book-running lead manager for the IPO, while Bigshare Services served as the registrar and Shreni Shares was appointed as the market maker.

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Established in 2016, Yaashvi Jewellers operates in the manufacturing and trading of gold jewellery. Its product portfolio spans 9K, 14K, 18K, 20K and 22K gold jewellery and includes machine-made chains, designer jewellery, diamond-studded pieces, gold bullion and customised jewellery offerings. The company caters to both B2B and retail customers and has recently strengthened its footprint in the retail segment.

Yaashvi Jewellers has delivered robust financial growth in recent years. In FY26, its total income surged 51% year-on-year to ₹449.7 crore, while profit after tax climbed 62% to ₹18.3 crore. The company's net worth increased to ₹43.5 crore at the end of FY26 from ₹24.2 crore in the previous year.