Advit Jewels IPO Details and Timeline
The initial public offering (IPO) of Jaipur-based Advit Jewels is scheduled to open for subscription on June 23, 2026, and will conclude on June 25, 2026. The company has set the price band for its shares at Rs 130 to Rs 138 per equity share. Bidding for anchor investors is slated for June 22, a day before the main subscription period commences.
This IPO aims to raise Rs 165.16 crore through an entirely fresh issue of 1,19,68,000 shares, with no offer-for-sale (OFS) component.
Issue Structure and Fund Utilization
As outlined in the red herring prospectus (RHP), Advit Jewels plans to allocate a significant portion of the IPO proceeds towards strategic growth initiatives. Approximately Rs 65 crore will be utilized to meet incremental working capital requirements, while another Rs 65 crore is earmarked for debt repayment. The remaining funds will be used for general corporate purposes.
The issue mandates a minimum lot size of 100 shares, with bids accepted in multiples thereof.
Investor Allocation and Key Players
The net issue has been strategically divided among different investor categories. Qualified Institutional Buyers (QIBs) have a reservation of 50 percent, while Retail Individual Investors (RIIs) are allocated 35 percent. The remaining 15 percent is reserved for Non-Institutional Investors (NIIs).
Holani Consultants has been appointed as the sole book-running lead manager for the IPO, with Bigshare Services serving as the registrar.
About Advit Jewels
Established in 2019, Advit Jewels specializes in the manufacturing and sale of traditional and contemporary handcrafted fine jewelry under its brand name, Rambhajo. The company's diverse product portfolio includes Polki, Kundan, diamond, and studded jewelry, offering a wide range of rings, necklaces, earrings, bangles, and customized pieces. Advit Jewels primarily operates on a business-to-business (B2B) model, catering to dealers, showrooms, and jewelry retailers.
Listing Expectations and Financial Snapshot
Advit Jewels shares are expected to be listed on both the BSE and the National Stock Exchange (NSE) on July 1, 2026. Market buzz suggests a strong debut, with the company's shares reportedly commanding a grey market premium (GMP) of Rs 90-95 apiece. This indicates a potential listing gain of approximately 65-68 percent for investors.
Financially, Advit Jewels reported a net profit of Rs 25.44 crore on an income of Rs 123.80 crore for the period ending December 31, 2025. For the full financial year 2024-25, the company posted a net profit of Rs 25.37 crore against a revenue of Rs 124.94 crore. At its current valuations, the company commands a market capitalization exceeding Rs 630 crore.