Advit Jewels Ltd, a Jaipur-based manufacturer of fine handcrafted jewelry, is gearing up to launch its much-anticipated Mainboard IPO. The issue is worth ₹165.16 crore and is entirely a fresh issue of shares, signaling the company’s intent to use the capital directly for its growth, debt reduction, and operational needs.
Here is a comprehensive breakdown of the Advit Jewels IPO, including important dates, current Grey Market Premium (GMP), company financials, and objectives.
Advit Jewels IPO Details & Key Dates
The Advit Jewels IPO will be available for subscription in the final week of June 2026. Below are the essential details every investor should know:
- IPO Open Date: June 23, 2026.
- IPO Close Date: June 25, 2026.
- Price Band: ₹130 to ₹138 per equity share.
- Lot Size: 100 shares.
- Minimum Investment (Retail): ₹13,800.
- Total Issue Size: ₹165.16 Crore (1,19,68,000 shares).
- Listing Exchanges: BSE and NSE.
- Expected Allotment Date: June 29, 2026.
- Expected Listing Date: July 1, 2026.
Investor Reservation Quota
- Qualified Institutional Buyers (QIBs): 50% of the net offer.
- Retail Investors: 35% of the net offer.
- Non-Institutional Investors (NIIs): 15% of the net offer.
Advit Jewels IPO GMP Today (Grey Market Premium)
The Grey Market Premium (GMP) is a popular, albeit unofficial, indicator of investor sentiment and potential listing gains before the shares officially hit the stock exchange.
- Current GMP: As of late June 2026, the Advit Jewels IPO GMP is hovering around ₹64 to ₹65 per share.
- Estimated Listing Price: With the upper price band set at ₹138, a GMP of ₹64 suggests an estimated listing price of ₹202 per share.
- Expected Premium: This robust demand signals a healthy expected listing pop of approximately 46%.
Disclaimer: GMP is an unofficial and unregulated metric that changes daily based on market sentiment. It should only be used as a supplementary data point and not as a guaranteed indicator of listing gains.
Company Overview
Incorporated in 2019 and headquartered in Jaipur, Rajasthan, Advit Jewels manufactures and sells contemporary and traditional handcrafted jewelry under the brand name “Rambhajo”. The company specializes in Kundan, Polki, Diamond, and Studded jewelry pieces.
Advit Jewels primarily operates on a B2B (Business-to-Business) model, supplying its products directly to dealers, retailers, and showrooms. In FY25, the B2B segment accounted for roughly 81.63% of its total revenue. The remainder of its revenue (18.37%) comes from B2C (Business-to-Consumer) sales through exclusive, made-to-order customized pieces.
Financial Performance
Advit Jewels has demonstrated impressive and consistent financial growth over the past three fiscal years, reflecting strong market demand for its traditional and contemporary jewelry lines.
| Financial Year | Total Income | Profit After Tax (PAT) | EBITDA |
| FY25 | ₹124.94 Crore | ₹25.37 Crore | ₹37.15 Crore |
| FY24 | ₹69.45 Crore | ₹14.71 Crore | ₹18.95 Crore |
| FY23 | ₹46.60 Crore | ₹10.39 Crore | ₹12.77 Crore |
Objectives of the IPO
Because the ₹165.16 crore IPO is entirely a fresh issue, all proceeds will flow directly into the company rather than to existing promoters. Advit Jewels plans to deploy the capital strategically for the following purposes:
- Working Capital Requirements: ₹65 crore is allocated to meet the company’s incremental working capital needs.
- Debt Repayment: Another ₹65 crore will be utilized for the repayment or prepayment (in full or in part) of certain outstanding borrowings.
- General Corporate Purposes: The remaining balance of approximately ₹35.16 crore is set aside to fund general corporate initiatives and growth strategies.