Yaashvi Jewellers' ₹44 cr SME IPO scrapes through at 1.18x on day 3, GMP flat at zero

Jaipur-based gold jewellery maker priced at ₹83/share is limping across the line: NII subscribed 1.83x but retail only 44% covered. Zero grey-market premium signals tepid listing appetite. Proceeds earmarked for working capital, debt repayment and retail expansion.

— Source publishedWed, 27 May, 2026, 12:41 IST·First seen Wed, 27 May, 2026, 12:51 IST·Source Mint · Markets

What happened

Jaipur-based gold jewellery maker Yaashvi Jewellers' ₹44 crore SME IPO at ₹83/share is 1.18x subscribed by day 3, with NII at 1.83x and retail at 44%. GMP flat.

Key facts

  • ₹83/share
  • ₹44 crore issue size
  • 1.18x subscribed
  • retail 44%
  • NII 1.83x
  • GMP ₹0
  • 1,600 share lot

Why this matters

Sub-scale SME jewellers limping through IPOs at ₹44 cr signal a fragmented, cash-strapped tier-2 gold retail landscape ripe for roll-up plays.