Advit Jewels IPO to Open on June 23 - Check Issue Size, Price Band & Key Details

Advit Jewels Ltd. is launching its Initial Public Offering (IPO) with an issue size of ?165.16 crores. The bidding window for Advit Jewels IPO will be open from 23 June to 25 June 2026, for public subscription.?

The company had filed its draft red herring prospectus (DRHP) in September, 2025, announcing its IPO plans.?

The jewellery manufacturer plans to list its shares on BSE Limited (BSE) and the super娛樂城 of India Limited (NSE). Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara are the promoters of the company.

Advit Jewels Ltd is engaged in the design, manufacturing, and trading of gold, diamond, and silver jewellery. The company offers a diverse collection of ornaments catering to both traditional and contemporary tastes, serving customers through wholesale and retail channels across India.

Advit Jewels IPO - Issue Details

Advit Jewels IPO will be a book-build issue of ?165.16 crores, consisting entirely of a fresh issue of 1.20 crore shares. The IPO price band is set between ?130 and ?138 per share. The lot size for an application is 100 shares. The minimum investment required for a retail individual investor (RII) is ?13,800 (100 shares), based on the upper price.

Holani Consultants Private Limited will be the book-running lead manager of the public issue, and Bigshare Services Private Limited will be the registrar.

The allotment process for the Advit Jewels IPO is expected to be finalised on 29 June 2026, with a tentative listing date of 1 July 2026.

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Utilisation of Proceeds

The Company proposes to utilise the net proceeds from the issue for the following purposes:

• Funding incremental working capital requirements of the Company.
• Repayment/pre-payment, in whole or in part, of certain outstanding borrowings availed by the Company from scheduled commercial banks.
• ?General corporate purposes.

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About Advit Jewels Limited

Advit Jewels Limited, incorporated in 2019 and based in Jaipur, is a manufacturer and seller of handcrafted fine jewellery under the brand Rambhajo. The company specialises in traditional styles, such as Kundan and Polki, as well as diamond-and colour-stone-studded pieces, offering necklaces, earrings, rings, bangles, and customised jewellery. It works with 14-carat and 18-carat gold, and focuses on design innovation, customisation, and blending heritage craftsmanship with modern aesthetics. Advit serves both B2B (dealers, showrooms) and B2C clients.

Financially, in FY 2025, Advit Jewels reported revenue of about ?124.94 crore and a net profit of ?25.36 crore. In FY 2024, the company's revenue was ?69.44 crore, and its net profit was ?14.71 crore. In contrast, in FY 2023, the company's revenue stood at ?46.60 crore, with a net profit of ?10.39 crore.

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