Business
Yaashvi Jewellers shares to list today. Check GMP ahead of debut
According to market trackers, the IPO was commanding a grey market premium (GMP) of 0% ahead of listing, suggesting that the stock is trading around its issue price of Rs 83 per share in the unofficial market.
The Rs 43.9 crore IPO was open for subscription between May 25 and May 27, while the allotment was finalized on May 29. Shares are scheduled to list on the BSE SME platform on June 2. The issue was entirely a fresh issue of 52.86 lakh shares and was priced at Rs 83 per share.
Incorporated in 2016, Yaashvi Jewellers is engaged in the manufacturing and trading of gold jewellery. The company offers a range of products across 9K, 14K, 18K, 20K and 22K gold jewellery categories. Its portfolio includes machine-made gold chains, designer gold jewellery, diamond jewellery, gold bullion and customized jewellery products.
The company serves both business-to-business and retail customers and has recently expanded its presence in the retail segment.
Yaashvi Jewellers operates an integrated manufacturing facility and focuses on hallmarked jewellery products. As of March 31, 2026, it had 65 employees.
The company has reported strong financial growth in recent years. For FY26, total income rose 51% year-on-year to Rs 449.7 crore, while profit after tax increased 62% to Rs 18.3 crore. Net worth stood at Rs 43.5 crore at the end of FY26, compared with Rs 24.2 crore a year earlier.The company plans to use the IPO proceeds primarily for working capital requirements and general corporate purposes.
The flat GMP suggests investors are taking a cautious approach toward the issue despite the company’s strong revenue and earnings growth. SME IPOs have delivered mixed listing performances in recent months, making investors increasingly selective on valuations and post-listing liquidity.
Smart Horizon Capital Advisors was the book-running lead manager to the issue, while Bigshare Services acted as the registrar. Shreni Shares was the market maker.
PGP: Falling To A Discount Makes This An Attractive PIMCO Offering
I have been managing investments for over eight years in capital markets. By qualification I am a CFA Charter holder. I primarily look for discrepancies between the price and value of a security. With a focus on first-principal mindset, I try breaking down ideas into their core- most tangible parts, affecting the theses while deliberately avoiding the non-significant matter into crowding the analysis. If you like my ideas or frameworks, reach out via email/message for more granular and concentrated- portfolio level specific investment researches and ideas. I am at prakhar@shrihittruealphacapital.com.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Readers are advised to fact-check thoroughly before making any investment-related decisions; this reflects the personal views of the author and should not be pursued as formal financial or investment advice in any manner. While every effort has been made to ensure accuracy, errors may exist in the data and financial projections presented. The author is not responsible for any financial gains or losses incurred from investments made based on this content.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Uniti Group: Growth, Debt Reduction, And A Potential Buyout Should Drive Upside
Dollar likely to find support as long as Strait remains mostly closed
It’s not all SpaceX in markets today.
A big gain in financial stocks boosted the Dow Jones Industrial Average. The blue-chip index added around 354 points, or 0.7%. The S&P 500 rose 0.5%. The tech-heavy Nasdaq advanced about 0.3%.
The Russell 2000 index of small companies gained 0.8%, notching a fresh record.
How Nvidia Can Benefit From SpaceX Stock’s Performance
SpaceX stock closed at $160.95, according to Nasdaq, up 19% from its IPO price of $135 and up 7% from the $150 opening price. Shares never broke below $150 and traded as high as $176.52. Some 509 million shares traded hands, an enormous amount, given that SpaceX sold about 556 million shares in its IPO.
Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BIDU, BABA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Lennar Stock Drops After Earnings. Why the Builder Says Its Shares Are Undervalued
Sutton Foster’s Timeless Dress Style Flatters Women Over 50
How DWP stops Universal Credit and State Pension payments after a claimant dies
Aces make crucial free throws, hold off Lynx
-
NewsBeat6 days agoAlexander Zverev wins the French Open to finally earn a 1st Grand Slam title
-
Crypto World6 days agoAnatomy of the June crypto crash: Fed, Iran, Saylor
-
Crypto World2 days agoOppenheimer backs SpaceX as $70 billion retail frenzy builds
-
Crypto World2 days agoMarkets Rally as SpaceX IPO Looms Amid Iran Tensions and Inflation Surge
-
NewsBeat6 days agoAlexander Zverev conquers demons and outlasts Flavio Cobolli to win French Open for first major title
-
Tech7 days agoMicrosoft unveils seven homegrown AI models in new bid for ‘long term self-sufficiency’
-
Business6 days agoHigh Stakes for Wembanyama as New York Pushes for 3-0 Lead
-
Tech6 days agoNotion restores access to Anthropic after service disruption
-
Crypto World6 days agoEli Lilly (LLY) Stock Surges 4% Following Breakthrough Sleep Apnea Trial Results
-
Business7 days agoThe investment to transform historic St Helen’s ground in Swansea
-
Sports5 days agoFIFA WC 2026 Group C: Morocco, Scotland challenge Brazil’s hunt for glory | FIFA World Cup 2022
-
Crypto World7 days agoTrump’s AI Ownership Plan Could Benefit Anthropic at OpenAI’s Expense
-
Sports4 days agoBangladesh beat Australia after 20 years in ODIs, register only their second win over six-time world champions | Cricket News
-
Tech1 day agoNanoClaw integrates JFrog registries to secure AI agent downloads
-
Fashion1 day agoWeekend Open Thread: Tuckernuck – Corporette.com
-
Crypto World21 hours agoBitget enters Argentina’s regulated crypto market through PSAV registration
-
Tech2 days agoThis Week In Security: Microsoft On Microsoft, Register Your Domains, Linux On ARM, And FreeBSD Joins The File Cache Club
-
Politics3 days agoPolitics Home | Healey Resignation Is “Colossal Failure Of Government”, Says Former Labour Defence Secretary
-
Sports3 days agoFirst Time Since 1971: Australia Register Historic Low In ODI Cricket
-
Entertainment2 days agoDonnie Wahlberg & More Heat Up Las Vegas at Circa’s Barry’s Downtown Prime
You must be logged in to post a comment Login