Advit Jewels IPO: Price, GMP, Listing Date and More Details

Advit Jewels IPO: A new initial public offering is set to capture investor attention next week, as Advit Jewels prepares to enter the stock market. The IPO will open for subscription on June 23rd and will remain available until June 25th. Even before the issue officially launches, the company has become a topic of discussion in the unofficial market, where initial signals indicate strong investor interest.

Advit Jewels has set an issue price of ₹138 per share, while the total size of the IPO is approximately ₹165 crore. In the gray market, the stock is currently trading at a premium of approximately ₹57, indicating a potential listing price of around ₹195. This implies a potential gain of over 41% for investors who receive shares in the allotment.

The shares are expected to be listed on both the Bombay Stock Exchange and the National Stock Exchange on July 1st. Although gray market trends aren’t always guaranteed, they often provide an early indication of market sentiment, and in this case, the signals appear to be quite strong.

Advit Jewels, founded in 2019, is based in Jaipur and operates in the premium jewelry segment. The company specializes in traditional and modern designs, including Kundan, Polki, diamond, and studded jewelry. It sells its products under the Rambhajo brand and offers a variety of items, including necklaces, rings, earrings, bangles, and customized pieces.

The company primarily follows a business-to-business model, supplying jewelry to dealers, retailers, and showrooms. It also serves customers directly by offering made-to-order designs. In fiscal year 2025, approximately 81.63% of its revenue came from the B2B segment, while the remaining 18.37% came from B2C sales.

The funds raised from this IPO will be primarily used to meet the company’s working capital needs and reduce existing debt. Approximately ₹65 crore will be provided for daily business operations, while an equal amount will be used to repay borrowings. This move is expected to strengthen the company’s financial position and improve its cash flow management.

By reducing debt and increasing liquidity, the company aims to create a more stable base for future growth, especially in the competitive jewelry market where inventory and working capital play a crucial role.

Retail investors can apply for a minimum of one lot and a maximum of 14 lots in this IPO. Each lot contains 100 shares, which means a minimum investment of ₹13,800 is required. Before the IPO, promoters held a 94.59% stake in the company, which will reduce to 69.88% after the issue.

This reduction in promoter holdings is a normal process during a public offering and encourages greater public participation. Overall, IPOs offer a mix of growth potential and risk, and investors should consider both before making a decision.