Advit Jewels Limited delivered a robust stock market debut on Wednesday, July 1, 2026, with its shares listing at a strong premium on both the NSE and BSE. The stock opened at ₹188.90 on the NSE, representing a 36.88% premium over its issue price of ₹138 per share, while on the BSE, it listed at ₹187, translating into a 35.51% premium. The strong listing reflected positive investor sentiment towards the company's public issue.

The ₹165.16 crore IPO was open for subscription from June 23 to June 25, 2026, and witnessed exceptional demand, with the issue being subscribed 212.63 times overall. The public offering comprised a fresh issue of 1.20 crore equity shares, and the company plans to utilise the net proceeds for debt repayment, meeting working capital requirements, and general corporate purposes.

Advit Jewels IPO - Issue Details

Issue Type: Book-Built Issue (Fresh Issue 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 (100 shares) (based on upper price band)
Listing: BSE, NSE
Book Building Lead Managers: Holani Consultants Private Limited
Registrar: Bigshare Services Private Limited

Advit Jewels IPO Overall Subscription Status

[25 June 2026, 8:00 PM]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	174.98x
Non-Institutional Investors (NIIs)	536.38x
Retail Individual Investors (RIIs)	94.30x
Total	212.63x

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.

Check out newly listed IPOs on BSE and NSE.

About Advit Jewels Limited

Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery, specializing in Kundan, Polki, diamond, and other studded jewellery. Building on the legacy of the Rambhajo brand, established in 1921, the company blends traditional craftsmanship with contemporary designs to cater to evolving customer preferences.

The company primarily follows a B2B business model, supplying jewellery to dealers, retailers, and showrooms across India, while also serving select retail customers with customised offerings. Its product portfolio includes gold necklaces, earrings, rings, bangles, and a variety of other fine jewellery pieces.

Financially, the company reported strong growth in FY25, with total income rising to ₹124.94 crore from ₹69.45 crore in FY24. Profit after tax increased to ₹25.37 crore from ₹14.71 crore, while EBITDA improved to ₹37.15 crore from ₹18.95 crore. For the nine months ended December 31, 2025, Advit Jewels posted total income of ₹123.80 crore, profit after tax of ₹25.44 crore, and EBITDA of ₹36.68 crore.

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