Yaashvi Jewellers Ipo
Yaashvi Jewellers IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Smart Horizon Capital Advisors Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | May 25, 2026 |
| IPO Close Date | May 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹83 Per Share |
| Issue Size | Approx ₹43.88 Crores, 51,39,200 Equity Shares |
| Fresh Issue | Approx ₹43.88 Crores, 51,39,200 Equity Shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,65,600 |
| Retail Maximum | 2 | 3,200 | ₹2,65,600 |
| S-HNI Minimum | 3 | 4,800 | ₹3,98,400 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 25,07,200 Shares | 47.43% |
| Retail Shares Offered | 25,12,000 Shares | 47.52% |
| IPO Open Date: | May 25, 2026 |
| IPO Close Date: | May 27, 2026 |
| Basis of Allotment: | May 29, 2026 |
| Refunds: | June 1, 2026 |
| Credit to Demat Account: | June 1, 2026 |
| IPO Listing Date: | June 2, 2026 |
| IPO Bidding Cut-off Time: | May 27, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,23,35,124 | 94.30% |
| Promoter Holding Post Issue | 1,76,21,524 | 66.01% |
| Purpose | Crores |
| Funding Working Capital Requirements of the Company | ₹21.50 |
| Repayment/ prepayment of certain borrowings availed by the Company and | ₹11.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹190.44 | ₹189.50 | ₹0.69 | ₹12.26 |
| 2024 | ₹200.93 | ₹198.26 | ₹1.96 | ₹25.49 |
| 2025 | ₹297.76 | ₹282.23 | ₹11.28 | ₹70.94 |
| 2026 | ₹449.74 | ₹424.69 | ₹18.28 | ₹118.23 |
| KPI | Values |
| ROE: | 54.07% |
| ROCE: | 26.73% |
| EBITDA Margin: | 6.67% |
| PAT Margin: | 4.08% |
| Debt to equity ratio: | 1.50 |
| Earning Per Share (EPS): | ₹14.83 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 42.05% |
| Net Asset Value (NAV): | ₹35.25 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ashapuri Gold Ornaments Limited | 0.38 | 11.03 | 8.21% | 4.40 | -Cr. |
| Moksh Gold Ornaments Limited | 1.01 | 12.10 | 7.61% | 13.23 | -Cr. |
| AJC Jewel Manufacturers Limited | 6.44 | 14.75 | 19.43% | 33.13 | – Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |