Yaashvi Jewellers IPO
Yaashvi Jewellers LtdSME
This IPO has listed.
- Open date
- 25 May 2026
- Close date
- 27 May 2026
- Min. Investment
- ₹2,65,600
- Lot Size
- -
- Fresh Issue
- ₹43.88 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors3.17x
- Retail-Individual Investors1.76x
- Total5.40x
Schedule
- Completed: IPO open date25 May 2026
- Completed: IPO close date27 May 2026
- Completed: Allotment date29 May 2026
- Completed: Funds unblock or debit1 Jun 2026
- Completed: Tentative listing date2 Jun 2026
About
Promoter shareholding in Yaashvi Jewellers Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Ankita Agarwal | 55,07,382 | 44.65% | 55,07,382 | 31.25% |
| Ankit Aggarwal | 61,24,982 | 49.65% | 61,24,982 | 34.76% |
Yaashvi Jewellers IPO Strengths & Risks
- Experienced Promoters and Management Team.
- Diversified product portfolio,
- Recurring and non-recurring, repeat revenues from long standing customer relationships.
- Integrated Manufacturing Facility.
- Commitment to quality and hallmarked jewellery assurance.
- Risks Relating to the Business: The company has certain outstanding litigation against its, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- Risks Relating to the Business: The company depends on few suppliers for the company raw materials required for its operations and the company has not entered into any longterm agreements. Any delays, interruptions or reduction in the supply of raw materials to manufacture the company products and any abrupt fluctuations in the prices of its raw materials may adversely affect the pricing of the company products and may has an impact on its business, results of operation, financial condition and cash flows.
- Risks Relating to the Business: The company depends on certain customers for a significant portion of its revenues, Also, the Company in the usual course of business does not has any long-term contracts with its customers and the company relies on purchase orders for delivery of the company products and its customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of the company top customers or a reduction in their demand for its products or reduction in revenue derived from them may adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: The company jewellery business faces risks from market volatility and changing customer preferences. Fluctuations in commodity prices like gold and silver could impact its costs and profitability. The company ability to anticipate changes in industry trends to meet customers' demands and any variations in the government regulations/policies or technology upgradation is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect the company business.
- Risks Relating to the Business: Majority of the company revenue from operation is derived from manufacturing of plain gold chains. Any reduction in the sale of plain gold chains, or its inability to manufacture and sell plain gold chains, may has an adverse effect on the company business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company ability to attract customers is dependent on the success and visibility of its retail shop and showroom.
- Risks Relating to the Business: The company revenues is heavily reliant on its operations within certain geographical regions. Any adverse developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact the company revenues and overall financial performance. Additionally, the company is subject to risks associated with expansion into new geographies
- Risks Relating to the Business: The company business operations is supported by a single manufacturing facility, located in Jaipur, Rajasthan. A slowdown or shutdown in its manufacturing operations or any adverse development affecting such region could has an adverse effect on the company business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company registered office, manufacturing unit, retail shop and showroom is not owned by its and is taken on permission to use/rental basis. If the company is unable to renew its existing rental agreements or relocate the company operations on commercially reasonable terms, there may be a material adverse effect on the company business, financial condition, results of operations and cash flows could be adversely affected.
- Risks Relating to the Business: The Company had negative cash flows from operating, investing and financing activities in the past, details of which is given below. Sustained negative cash flow could impact its growth and business.
- Risks Relating to the Business: The Restated Financial Statements has been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
- Risks Relating to the Business: The company operations is subject to seasonal fluctuations and lower income in a peak season may has a disproportionate effect on its results of operations. Additionally, Jewellery purchases is discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect the company business, results of operations, financial condition and prospects
- Risks Relating to the Business: The company has in past entered into related party transactions and its may continue to does so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- Risks Relating to the Business: In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may has a material adverse effect on the company business.
- Risks Relating to the Business: Under-utilization of the company existing manufacturing facility and an inability to effectively utilize its manufacturing capacities could has an adverse effect on the company business, future prospects, and future financial performance.
- Risks Relating to the Business: The company propose to repay or prepay of certain outstanding borrowings availed by the Company. However, no assurance can be made that its Company will not requires further funding and that such funding will be available at attractive rates or that by repaying the borrowings, will in fact improve the company available funding alternatives.
- Risks Relating to the Business: The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.
- Risks Relating to the Business: There is certain discrepancies noticed in some of the company financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities which may affect its revenue from operations.
- Risks Relating to the Business: There is certain discrepancies or errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- Risks Relating to the Business: The company Promoters and member of Promoter Group has mortgaged their properties and provided personal guarantees to certain loan facilities availed by its, which if revoked may requires alternative guarantees, repayment of amounts dues or termination of the facilities.
- Risks Relating to the Business: The company faces significant competition in the Indian jewellery market, its risk losing substantial portion of the company customers which will adversely affect its business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.
- Risks Relating to the Business: The Company's brand name is currently not registered with Registrar of Trademark; any infringement of its registered logo and brand name or failures to get it registered may adversely affect the company business. The strength of its brands is crucial to the company growth and success and its may not succeed in continuing to maintain and develop the company brands. Further, any kind of negative publicity or misuse of the company logo and brand name could hamper its goodwill and the company future growth strategies could be adversely affected.
- Risks Relating to the Business: Changes in technology may affect the company business by making its manufacturing facility or equipment less competitive or obsolete.
- Risks Relating to the Business: The company is subject to strict quality requirements and any product defects or any failures by its to comply with quality standards may lead to the exposure to potential product liability claims, warranty claims and other disputes and may has an adverse effect on the company business, brand, results of operations and financial condition.
- Risks Relating to the Business: As of March 31, 2026, the company had contingent liabilities which has not been provided for in its financial statements and could adversely affect the company financial condition.
- Risks Relating to the Business: The company may be subject to fraud, theft, employee negligence or similar incidents.
- Risks Relating to the Business: The Company's manufacturing activities is labour intensive and its success largely depends upon the knowledge and experience of the company management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company labour and management or its inability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Risks Relating to the Business: The company is dependent on third-party transportation providers for the delivery of products supplied and distributed by its. Any delay, modification or cancellation, may has an adverse effect on the company business, financial condition and results of operations.
- Risks Relating to the Business: If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, its financial risks. Despite the company internal control systems, its may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect the company reputation, business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company may not be successful in implementing its business strategies.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The company insurance coverage may not be adequate to protect its against certain operating hazards and this may has a material adverse effect on the company business.
- Risks Relating to the Business: Any customer complaints or negative publicity or concerns pertaining to purity and quality of the company jewellery, making charges or hall markings or relating to any failures in the company quality control processes, may has an adverse effect on its business, brand, results of operations and financial condition.
- Risks Relating to the Business: The company funding requirements and proposed deployment of the Net Proceeds is based on management estimates and the company has not entered into any definitive arrangements to utilize the Net Proceeds of the Issue and the objects has not been independently appraised by a bank or a financial institution. Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: The company promoters and the promoter group will continue to maintain majority control over its company after the issue. This will enable them to determine the outcome of matters submitted to shareholders for approval.
- Risks Relating to the Business: The company ability to pay dividends in the future will be contingent on its future earnings, financial condition, cash flows, working capital requirements, capital expenditure, and the restrictive covenants in the company financing arrangements.
- Risks Relating to the Business: Industry information included in this Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The company operations requires a significant amount of working capital. Any inability to meet its working capital requirements may adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company inability to effectively manage its growth could has an adverse effect on the company business, results of operations and financial condition.
- Risks Relating to the Business: The company has significant power requirements and any disruption to power sources could increase its production costs and adversely affect the company results of operations and cash flows.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- Risks Relating to the Business: The company inability to accurately forecast demand or price for its products and manage the company inventory may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company is subject to increasingly stringent environmental, health and safety laws, regulations and standards. Noncompliance with and adverse changes in health, safety, labour and environmental laws and other similar regulations to the company manufacturing operations may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company does not register its jewellery designs under the Designs Act, 2000 and the company may fail to protect its jewellery designs that may be unique and relative to the company brand.
- Risks Relating to the Business: The company Promoters and promoter group members is interested in its Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: The determination of the Price would be based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue. Further, the current market price of some securities listed pursuant to certain previous issues managed by the Lead Manager is below their respective issue prices.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
- Risks Relating to the Business: The Promoters and Executive Directors of the Company does not has experience of being a director of a public listed company.
- Risks Relating to the Business: Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
