Yaashvi Jewellers' ₹44cr SME IPO finalises allotment; flat GMP signals tepid listing
Gold jewellery maker's fixed-price issue at ₹83/share closed 5.64x subscribed (retail 1.76x, NII 3.40x). Allotment due May 29, BSE SME listing June 2. Grey market premium sits at zero, suggesting muted debut expectations despite oversubscription.
What happened
Gold jewellery maker Yaashvi Jewellers' SME IPO, subscribed 5.64x, finalises allotment May 29 with listing on BSE SME June 2. Fixed-price issue raised ₹44 crore
Key facts
- ₹44 crore
- ₹83 per share
- 52.86 crore equity shares
- 5.64 times subscribed
- 1.76x retail
- 3.40x NII
- GMP ₹0
Why this matters
Yaashvi's tepid debut signal reinforces that SME jewellery IPOs are pricing into a saturated micro-cap gold retail tape — a useful comp datapoint for any sub-₹50cr regional jeweller weighing public vs strategic exit routes.