Pushpa Jewellers IPO: Have You Applied for It? Here’s How to Check Allotment Status

The initial public offering (IPO) of Pushpa Jewellers, worth Rs 98.65 crore, closed on July 2, 2025, after a decent response from investors. The IPO was subscribed 2.46 times, meaning that for every one share available, there were 2.46 bids from investors.

Now that the bidding process is complete, investors who applied are eagerly waiting to find out if they have received share allotments. The allotment status is scheduled to be announced on July 3, 2025, and applicants can check their status online through the NSE, BSE, or the registrar's website to see if they have been allotted shares from the IPO.

On NSE Website:

1. Open the NSE IPO allotment page.
2. On the page, select the option for "Equity and SME IPO bids."
3. From the dropdown menu, choose "Pushpa Jewellers."
4. Then, enter your Application Number or PAN.
5. Finally, click on Submit to see if you have received any shares in the allotment.

On BSE Website:

1. Go to the BSE IPO application page.
2. Select "Equity" under Issue Type.
3. Choose "Pushpa Jewellers" from the dropdown menu.
4. Enter your Application Number or PAN.
5. Tick "I'm not a robot", and then click on Submit to view your allotment status.

On Registrar's Website (Cameo Corporate Services):

1. Visit the Cameo IPO status page.
2. Click on any 1 link out of 3 link options.
3. Choose "Pushpa Jewellers" from the dropdown list.
4. Enter your Client ID, PAN, or Application Number.
5. Enter the capchta that will show on the screen.
6. Click Submit to view the status.

IPO Details:

Pushpa Jewellers IPO opened on June 30, 2025, and closed on July 2, 2025. The allotment of shares is scheduled for July 3, 2025, and the company's shares are expected to be listed on the NSE SME platform on July 7, 2025.

The IPO was priced between Rs 143 and Rs 147 per share, with a minimum lot size of 1,000 shares. The funds raised through the issue will be used to set up a new showroom, purchase inventory, meet working capital requirements, and cover general corporate expenses.

Affinity Global Capital Market Pvt. Ltd. is the lead manager for the IPO, Cameo Corporate Services Ltd. is the registrar, and Sunflower Broking Pvt. Ltd. is the market maker for this issue.

Subscription Details:

The IPO saw a strong response from investors. Retail investors subscribed 3.71 times their allotted portion, non-institutional investors (NIIs) subscribed 2.51 times, and qualified institutional buyers (QIBs) subscribed 1.18 times. In total, the company received 1.36 crore bids for just 57.55 lakh shares, reflecting high investor interest.

On the first day of bidding, the Pushpa Jewellers IPO was subscribed 36%. By the second day, the overall subscription had increased, with the issue being booked 1.24 times. The IPO raises Rs 14.05 crore from anchor investors.

About Pushpa Jewellers:

Pushpa Jewellers, based in Kolkata, was founded in 2009. It is known for lightweight 22kt gold jewellery that blends traditional Indian styles with modern design. The company offers a wide variety of gold jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas.

It operates showrooms in Hyderabad, Bangalore, and Chennai, and also exports jewellery to countries like Dubai, the USA, and Australia. As of March 31, 2025, the company employed around 90 people across various departments.

Pushpa Jewellers IPO GMP:

The grey market premium (GMP) for Pushpa Jewellers IPO was Rs 0 as of the latest update, meaning shares were trading at the issue price without any premium. GMP had earlier touched Rs 31 but has since dropped, reflecting cooling investor sentiment.