Advit Jewels Limited Files DRHP With SEBI For IPO

Jaipur-based Advit Jewels Limted has filed the draft red herring prospectus (DRHP) with SEBI for its IPO. The jewellery manufacturer plans to list its share on BSE Limited (“BSE”) and National Stock

Exchange of India Limited (NSE). Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara are the promoters of the company.

Advit Jewels Ltd is engaged in the design, manufacturing, and trading of gold, diamond, and silver jewellery. The company offers a diverse collection of ornaments catering to both traditional and contemporary tastes, serving customers through wholesale and retail channels across India.

Advit Jewels Limited - IPO Details

According to the DRHP, 

• Advit Jewels Limited IPO will be a bookbuilding IPO consisting entirely of a fresh issue of 1,38,00,000 equity shares, each with a face value of ₹10, with no offer-for-sale component.
• The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• Holani Consultants Private Limited will be the book-running lead manager of the public issue.
• Bigshare Services Private Limited will be the registrar for the Advit Jewels Limited IPO.
• HDFC Bank and ICICI Bank are the bankers to the company.

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Utilisation of Proceeds

The Company proposes to utilise the net proceeds from the issue for the following purposes:

• 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.

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About Advit Jewels Limited

Advit Jewels Limited, incorporated in 2019 and based in Jaipur, is a manufacturer and seller of handcrafted fine jewellery under the brand Rambhajo. The company specialises in traditional styles like Kundan and Polki, as well as diamond- and colour-stone studded pieces, offering necklaces, earrings, rings, bangles, and customised jewellery. It works with 14-carat and 18-carat gold, and focuses on design innovation, customisation, and blending heritage craftsmanship with modern aesthetics. Advit serves both B2B (dealers, showrooms) and B2C clients.

Financially, in FY 2025 Advit Jewels reported revenue of about ₹124.94 crore and a net profit of ₹25.36 crore. In FY 2024, revenue was ₹69.44 crore and net profit was ₹14.71 crore, while in FY 2023 the company’s revenue stood at ₹46.60 crore with net profit of ₹10.39 crore.

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