Advit Jewels has launched its ₹165.16 crore IPO to fund its incremental working capital needs and debt repayment goals
The initial public offering (IPO) of Jaipur-based jewellery manufacturer Advit Jewels opened for public subscription on Tuesday, June 23, 2026. The company aims to raise a total of ₹165.16 crore from investors through this market debut. This initial share sale consists entirely of new equity, meaning all proceeds will flow directly into the company. The public bidding window will remain open to investors for three consecutive days.
Bidding and Price Band
The company has fixed the price band for its shares between ₹130 and ₹138 per equity share. Retail and institutional investors can place their bids within this specific price range. The public issue will officially conclude on Thursday, June 25, 2026. Individual bidders must apply for a minimum lot size of 100 equity shares. This setup requires a minimum investment of ₹13,800 at the upper price band for retail participants.
Share Allocation Framework
The entire public issue involves a fresh issuance of 1.20 crore equity shares. There is no offer for sale component in this public issue, which means existing shareholders and promoters are not offloading their stakes. Advit Jewels has structured the allocation of shares across three main buyer categories. It has reserved up to 50% of the net offer for Qualified Institutional Buyers. Retail individual investors have been allocated a minimum of 35% of the issue, while Non-Institutional Investors can bid for at least 15% of the shares.
Anchor Investor Round
Ahead of the public launch, Advit Jewels successfully raised a significant sum through its anchor investor round. The company mobilised ₹49.52 crore from various institutional anchor investors. A total of 35.88 lakh equity shares were allotted to these early backers. The shares were distributed at the highest point of the price band, which is ₹138 per share. Notable participants in the anchor allocation included Holani Venture Capital Fund-1, Mint Focused Growth Fund PCC-Cell 1, Taurus Mutual Fund, and Venus Investment VCC Venus Stellar Fund.
Critical IPO Timeline
Following the closure of the subscription period on June 25, the company will proceed with the share allocation process. The basis of allotment is expected to be finalized on Monday, June 29, 2026. Investors who do not receive shares will see the initiation of their refunds on Tuesday, June 30, 2026. On the same day, the shares will be credited to the demat accounts of successful bidders. The official listing of the equity shares on the stock exchanges is scheduled to take place on Wednesday, July 1, 2026.
Advit Jewels IPO GMP
In the unlisted market, shares of Advit Jewels are already experiencing active trading. Market tracking data reveals that the grey market premium for the company stands at ₹64 over the upper issue price of ₹138. This premium indicates an expected listing price of ₹202 per equity share. This grey market movement reflects a potential gain of 46.38% before the official stock exchange debut. However, these grey market figures are unofficial indicators and are not monitored by market regulators.
About Advit Jewels
Advit Jewels operates its core business out of Jaipur, Rajasthan. The firm designs, manufactures, and distributes a wide collection of handcrafted fine jewellery. Its product line features both traditional Indian and contemporary designs. The company markets and sells these pieces under its established brand name, ‘Rambhajo’. Its manufacturing focus lies in creating customized items, including Kundan, diamond, Polki, and studded jewellery pieces for its clients.
Disclaimer: All the information provided in this article is for educational purposes only. We are NOT a SEBI registered investment advisor. DateUpdateGo always advises seeking guidance from a certified financial advisor before making any investment-related decisions.
