Advit Jewels IPO: Fine Jewellery Maker’s Public Issue Sees Strong Demand On First Day Of Subscription

Handcrafted jewellery maker Advit Jewels’ public issue opened for subscription on June 23. The company’s public issue is slated to close for subscription on June 25. As the issue opened for subscription investors, the issue was fully subscribed within mere hours.

Here are some key details of the public issue which applicants should know before applying for the Advit Jewels IPO:

Advit Jewels IPO Subscription

Advit Jewels opened its issue today, offering a total of 12 million shares. Out of this, the company has set aside 35.01 per cent for Retail Individual Investors (RIIs), 15.01 per cent for Non-Institutional Investors (NIIs), and 49.98 per cent for Qualified Institutional Buyers (QIBs).

At the time of writing, investors cumulatively placed bids for 45.72 million shares compared to the 8.37 million shares offered for subscription across categories, booking the issue 5.46 times. In the retail category, investors placed bids for 25.31 million shares compared to the 4.19 million shares set aside for the category, booking their quota in the issue 6.04 times. NIIs applied for 1.79 million shares compared to the 1.79 million shares offered for subscription, booking the issue 10 times. So far, 2.39 million bids have been placed in the QIB category, booking the issue 1.02 times. The jewellery firm has set aside 24.40 million shares for the QIB category.

Advit Jewels IPO: Anchor Investors

Prior to the opening of the bidding window, the anchor investor bidding took place on June 22. The company allocated 3.59 million equity shares to anchor investors as part of the anchor portion.

Advit Jewels IPO GMP

Advit Jewels’ unlisted shares are currently commanding a strong Grey Market Premium (GMP) ranging between Rs 60 and Rs 65.5 per share, according to multiple platforms tracking the demand for unlisted shares. Based on the upper price band of Rs 138 and a GMP of Rs 65.5, shares of Advit Jewels are likely to make a market debut at Rs 203.5 apiece, indicating strong gains of around 47.4 per cent.

Advit Jewels IPO Offer Size, Listing Date, Price Band

The Advit Jewels IPO issue size aggregates to Rs 165.16 crore and consists entirely of a fresh issue of 12 million shares amounting to Rs 165.16 crore, with no Offer for Sale (OFS) component.The price band for the IPO has been fixed at Rs 130 to Rs 138 per share. Retail Individual Investors (RIIs) can apply for the public issue by placing bids for a minimum of 100 shares (1 lot), which aggregates to an investment of Rs 13,800 at the upper price band.The company is expected to announce the share allotment status on June 29. Successful applicants will receive shares in their demat accounts on June 30. Shares of Advit Jewels will be listed on both the BSE and NSE, with a tentative listing date of July 1.

Advit Jewels: Key Financials

For the nine-month period ended December 31, 2025, the Advit Jewels’ total income stood at Rs 123.80 crore, the company posted a net profit of Rs 25.44 crore, and had a net worth of Rs 83.65 crore.In the fiscal year ended March 31, 2025, Advit Jewels’ total income stood at Rs 124.94 crore, increasing by 80 per cent from Rs 69.45 crore reported in the preceding fiscal. The jewellery maker generated a net profit of Rs 25.37 crore in FY25, compared to Rs 14.71 crore in FY24. In FY25, the company's net worth stood at Rs 58.13 crore.

Advit Jewels: Promoters

Advit Jewels promoters include Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara. The company does not have an OFS component, so promoters and existing investors will not be paring their stakes in this issue. Prior to the issue, they held a 94.59 per cent stake in the company, but their holding will decrease to 69.88 per cent.

Advit Jewels IPO: Objective

The jewellery maker plans to use the net proceeds from the fresh issue for funding incremental working capital requirements amounting to Rs 65 crore. The funds will also be used for the repayment or prepayment of certain outstanding borrowings amounting to Rs 65 crore, and the remaining proceeds will be allocated towards general corporate purposes.

About Advit Jewels

Incorporated in 2019 as Rambhajo, Advit Jewels is a fine jewellery maker based in Jaipur. The company specialises in manufacturing and selling handcrafted traditional and contemporary jewellery, including Kundan, Polki, diamond, and studded pieces, catering primarily to B2B dealers and retailers alongside B2C customers.