Advit Jewels IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ?165.16 crore Advit Jewels IPO is in its final day of bidding today, June 25, 2026. The issue is being offered in a price band of ?130 to ?138 per share.
As of 10:25 A.M. on the last day of subscription, the IPO had garnered strong investor interest, with bids received for 60.69 times the shares on offer. Meanwhile, the Grey Market Premium (GMP) stood at ?52 per share.
Advit Jewels Limited is engaged in the manufacturing of handcrafted fine jewellery, with a product portfolio comprising Kundan, Polki, diamond, and other studded jewellery.
The company primarily serves jewellery dealers, showrooms, and retailers across India, while also catering to select retail customers through customised jewellery offerings.
The basis of allotment is expected to be finalised on June 29, 2026. Following the allotment process, the shares are likely to be listed on the NSE and BSE on July 1, 2026.
Advit Jewels IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Capital Only)
- Total Issue Size: ?165.16 crore?
- Fresh Issue: ?165.16 crore?
- Face Value: ?10 per equity share
- Price Band: ?130 to ?138 per share
- Lot Size: 100 shares
- Minimum Investment Amount: ?13,800 per lot (based on upper price band)
- Listing: BSE, NSE
- Book Building Lead Managers: Holani Consultants Private Limited?
- Registrar: Bigshare Services Private Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding incremental working capital requirements of the Company.
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company from scheduled commercial banks.
- General corporate purpose.
Advit Jewels IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Tentative Date |
|
IPO Opens |
June 23, 2026 |
|
IPO Closes |
June 25, 2026 |
|
Basis of Allotment |
June 29, 2026 |
|
Initiation of Refunds |
June 30, 2026 |
|
Credit of Shares to Demat Accounts |
June 30, 2026 |
|
Listing on BSE and NSE |
July 1, 2026 |
Note: The allotment and listing dates are tentative and may be revised
Advit Jewels IPO Day 3 Subscription Status
[June 25, 2026, 10:25 AM]
|
Category? |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.63x |
|
Non-Institutional Investors (NIIs) |
181.60x |
|
Retail Individual Investors (RIIs) |
42.58x |
|
Total? |
60.69x |
Advit Jewels IPO GMP Today
According to media reports, the Grey Market Premium (GMP) for the Advit Jewels IPO is ?52 per share today.
About Advit Jewels Limited
Advit Jewels Limited is engaged in the manufacturing of handcrafted fine jewellery, with expertise in Kundan, Polki, diamond, and other studded jewellery. Headquartered in Jaipur, the company draws on a legacy that dates back to the establishment of the Rambhajo brand in 1921, combining traditional jewellery-making techniques with modern design aesthetics.
The company primarily operates through a business-to-business (B2B) model, supplying its products to jewellery dealers, retailers, and showrooms across India. It also caters to select retail customers by offering customised jewellery solutions. Its product portfolio includes an extensive range of gold jewellery such as necklaces, earrings, rings, bangles, and other intricately crafted pieces.
On the financial front, Advit Jewels delivered strong growth in FY25. Total income surged to ?124.94 crore from ?69.45 crore in FY24, while profit after tax increased to ?25.37 crore from ?14.71 crore. EBITDA rose to ?37.15 crore compared with ?18.95 crore in the previous fiscal year. For the nine-month period ended December 31, 2025, the company reported total income of ?123.80 crore, profit after tax of ?25.44 crore, and EBITDA of ?36.68 crore.
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