Advit Jewels IPO Allotment Status Out: Check Key Details Here

Advit Jewels IPO allotment status has been finalized on June 29, 2026 with Over 200x Subscription Rate from public investors

Jaipur-based handcrafted fine jewellery manufacturer Advit Jewels Limited completed its initial share allocation on Monday, June 29, 2026. This critical administrative phase follows a highly successful 3-day bidding window. The public offering officially welcomed subscription bids from June 23 through June 25, drawing substantial interest across all investment tiers.

The book-built public offering targeted a capital raise of ₹165.16 crore. Structurally, the entire issue consisted of a completely fresh issuance of 1.20 crore equity shares, with no offer-for-sale component included. The company set its public equity pricing framework within a narrow band of ₹130 to ₹138 per share.

Market participation data released at the close of bidding revealed immense investor enthusiasm. The entire corporate issue concluded with an overall subscription rate of 212.63 times the available volume. This aggressive demand indicates widespread institutional and retail confidence in the financial prospects of the traditional luxury craft brand.

Breaking down the individual investor categories, non-institutional investors spearheaded the subscription rush by oversubscribing their allocated quota by a massive 536.38 times. Qualified institutional buyers followed with an oversubscription rate of 174.98 times. Meanwhile, small retail individual investors oversubscribed their portion by a healthy 95.30 times.

Retail market participants were required to bid for a minimum lot size of 100 equity shares. This structure established a base financial commitment of ₹13,800 at the highest boundary of the price band. For larger market players, small non-institutional blocks required an upfront layout of ₹2,07,000 for 1,500 shares.

Following the formal finalization of the allocation list on Monday, unsuccessful bidders will see their blocked capital returned soon. Banking channels are scheduled to initiate fund reversals or lift UPI mandate holds on June 30, 2026. Simultaneously, successful equity applicants will see their newly assigned shares credited to their demat accounts.

The jewellery manufacturer operates primarily under its recognized heritage brand name, “Rambhajo,” which possesses business origins tracing back to 1921. Operating an integrated 6,450 square foot workshop facility in Jaipur, the enterprise merges legacy craftsmanship techniques with modern technological tools like advanced 3D printing equipment.

The corporate leadership team has explicitly outlined how the newly raised funding will be deployed. Advit Jewels intends to allocate approximately ₹65 crore directly toward augmenting its incremental working capital needs. Another ₹65 crore is earmarked for the structured prepayment or full repayment of its outstanding bank debts.

Financially, the firm has documented rapid operational growth over the last fiscal year. In its financial statements for the fiscal year 2024-25, total income escalated to ₹124.94 crore, compared to ₹69.45 crore previously. Net profits after tax concurrently advanced to ₹25.37 crore from ₹14.71 crore a year earlier.

Following the conclusion of these administrative clearing processes, the equity shares are scheduled to debut on the stock exchanges. Public trading across both the National Stock Exchange and Bombay Stock Exchange will officially commence on July 1, 2026. Holani Consultants acted as the sole lead manager for the transaction.