Yaashvi Jewellers IPO limps off the blocks, booked just 2% on Day 1
Jaipur-based Yaashvi Jewellers' ₹44 crore SME IPO drew tepid demand on opening day, with the issue subscribed only 2% at the ₹83 price band. Retail took up 4%, NII just 1%, and grey market premium sits at zero — a cold reception for the jeweller's listing bid.
What happened
Jaipur-based Yaashvi Jewellers' ₹44 crore IPO opened to tepid demand, booked just 2% on Day 1 at ₹83 price band. Retail segment subscribed 4%, NII 1%. Funds
Key facts
- ₹83 price band
- ₹44 crore issue size
- 1,600 lot size
- 2% Day 1 subscription
- 4% retail
- 1% NII
- ₹0 GMP
Why this matters
A stalled SME jewellery IPO at ₹44 crore opens optionality for strategic conversations — distressed peers may become receptive to consolidation or pre-listing capital alternatives.