Advit Jewels IPO Day 1: Check GMP, Subscription Status & Key Highlights
The ₹165.16 crore Advit Jewels IPO opened for subscription today, June 23, 2026, with a price band of ₹130-₹138 per share. As of 10:30 AM on Day 1, the issue was subscribed 1.43 times, while the grey market premium (GMP) is at ₹64 per share.
Advit Jewels Ltd. manufactures handcrafted fine jewellery, specialising in Kundan, Polki, diamond, and studded jewellery. The company caters primarily to dealers, showrooms, and jewellery retailers across India, while also offering customised jewellery to select retail customers.
The issue will remain open until June 25, 2026. The basis of allotment is expected to be finalised on June 29, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on July 1, 2026.
Advit Jewels IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Capital Only)
- Total Issue size: ₹165.16 crore
- Fresh Issue: ₹165.16 crore
- Face Value: ₹10 per equity share
- Price Band: ₹130 to ₹138 per share
- Lot Size: 100 shares
- Minimum Investment Amount: ₹13,800 per lot (based on upper price band)
- Listing: BSE, NSE
- Book Building Lead Managers: Holani Consultants Private Limited
- Registrar: Bigshare Services Private Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding incremental working capital requirements of the Company.
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company from scheduled commercial banks.
- General corporate purposes
Advit Jewels IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Tentative Date |
|
IPO Opens |
June 23, 2026 |
|
IPO Closes |
June 25, 2026 |
|
Basis of Allotment |
June 29, 2026 |
|
Initiation of Refunds |
June 30, 2026 |
|
Credit of Shares to Demat Accounts |
June 30, 2026 |
|
Listing on BSE and NSE |
July 1, 2026 |
Note - The allotment and listing dates are tentative and may be revised
Advit Jewels IPO Day 1 Subscription Status
[June 23, 2026, 10:30 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors (NIIs) |
2.58 |
|
Retail Individual Investors (RIIs) |
1.75 |
|
Total |
1.43 |
Advit Jewels IPO GMP Today
According to media reports, the Grey Market Premium (GMP) of the Advit Jewels IPO stood at around ₹64 per share.
About Advit Jewels Limited
Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery, specialising in Kundan, Polki, diamond, and studded jewellery. The company traces its origins to the Rambhajo brand, established in 1921, and continues to blend traditional craftsmanship with contemporary designs to cater to evolving customer preferences.
Advit Jewels primarily serves dealers, showrooms, and jewellery retailers through its B2B business model, while also offering customised pieces to select retail customers. The company offers a wide range of gold jewellery, including necklaces, earrings, rings, and bangles, crafted by skilled artisans.
The company's total income increased from ₹69.45 crore in FY24 to ₹124.94 crore in FY25. Profit after tax rose from ₹14.71 crore to ₹25.37 crore, while EBITDA improved from ₹18.95 crore to ₹37.15 crore during the same period. For the nine months ended December 31, 2025, the company reported total income of ₹123.80 crore, PAT of ₹25.44 crore, and EBITDA of ₹36.68 crore.
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