Advit Jewels is set to make its market debut today, with investor enthusiasm running high as the company's shares command a grey market premium of around Rs 50. This translates to nearly 36% above the upper issue price of Rs 138, indicating potential listing gains.
The IPO of Advit Jewels received an overwhelming response, being subscribed 212.63 times against the 83.97 lakh shares on offer. Demand was particularly strong among institutional and high-net-worth investors, with the Non-Institutional Investor (NII) category subscribed 536.38 times and Qualified Institutional Buyers (QIBs) bidding 174.98 times the shares reserved for them. Retail investors also showed significant interest, with their quota subscribed 95.30 times.
The Rs 165.16 crore IPO comprises a fresh issue of 1.20 crore equity shares, with no Offer for Sale (OFS) component, ensuring that the entire proceeds will flow directly to the company. The shares were offered in a price band of Rs 130–138 apiece. Advit Jewels plans to use the funds to strengthen its balance sheet and accelerate business growth, with Rs 65 crore allocated for working capital and another Rs 65 crore for debt reduction.
Headquartered in Jaipur, Advit Jewels operates under the Rambhajo brand and specializes in handcrafted fine jewellery. The company offers a wide range of traditional and contemporary designs, blending traditional craftsmanship with modern design aesthetics. Its fully integrated manufacturing facility in Jaipur supports the production cycle from gold processing to final quality inspection.
Advit Jewels has reported steady growth in both revenue and profitability, with revenue from operations at Rs 123.79 crore and net profit of Rs 25.44 crore for the nine months ended December 31, 2025. This strong financial performance, coupled with robust investor demand and favorable grey market sentiment, positions the company well for its market debut.
Background
Advit Jewels' IPO comes at a time when the jewellery market in India is evolving, with increasing demand for both traditional and contemporary designs. The company's strong focus on personalization and customization has helped it carve out a niche, appealing to a broad spectrum of B2B clients and select retail customers.
As Advit Jewels enters the stock market, investors will be closely watching the stock's performance to see if it meets the high expectations set by the grey market premium.
