Summary of this article
Advit Jewels IPO opens on June twenty-three
Company aims to raise Rs one hundred sixty-five crore
Grey market premium indicates fifty-eight percent listing gains
Advit Jewels’ initial public offering (IPO) is scheduled to open for subscription next week on June 23, 2026. The jewellery manufacturer announced the price band for its public issue on June 15.
The Advit Jewels IPO grey market premium has also surged following the announcement of the price band. Here is a look at some key details related to the Advit Jewels IPO.
Advit Jewels IPO: Offer Size and Price Band
Advit Jewels seeks to raise Rs 165.16 crore through its public issue. Notably, the jewellery maker’s public issue consists completely of a fresh issue of 12 million equity shares. The issue has no offer for sale component, meaning the company will directly receive all the proceeds to fund its operations. The price band for the issue has been fixed at Rs 130 to Rs 138 per equity share.
Advit Jewels IPO: GMP
The grey market premium for Advit Jewels shares is currently ranging between Rs 75 and Rs 80 per share. Based on the prevailing grey market premium, the shares could potentially list at a substantial gain of over 58 per cent, trading at around Rs 218 apiece.
Advit Jewels IPO: Lot Size and Minimum Investment
Retail investors who wish to invest in Advit Jewels IPO can do so by applying for 100 shares, leading to a minimum investment of Rs 13,800. The minimum lot size for small non-institutional investors is 15 lots or 1,500 shares, amounting to Rs 2,07,000, and for big non-institutional investors, it is 73 lots, leading to a minimum investment of Rs 10,07,400.
Advit Jewels IPO: Reservation
Advit Jewels has allocated approximately 49.98 per cent of the total issue for the qualified institutional buyer category, 15.01 per cent for the non-institutional investor category, and 35.01 per cent of the net issue for retail investors.
Advit Jewels IPO: Subscription window, listing date, allotment date.
The subscription window for the Advit Jewels IPO is scheduled to open on June 23 and will close on June 25. The share allotment status will be announced on June 29. Post the announcement of the share allotment status, unsuccessful bidders will receive refunds or have their fund blocks released on June 30. Advit Jewels shares will be listed on both the BSE and NSE. The tentative listing date for Advit Jewels Ltd shares is July 1.
Advit Jewels: Key Financials
For the nine-month period ended December 31, 2025, Advit Jewels reported a total income of Rs 123.80 crore and a profit after tax of Rs 25.44 crore. The net worth of the company for the same nine-month period stood at Rs 83.65 crore.
The company's total income grew to Rs 124.94 crore in the fiscal year ended March 31, 2025, compared to Rs 69.45 crore in the fiscal year ended March 31, 2024. Advit Jewels posted a net profit of Rs 25.37 crore in FY25 against a net profit of Rs 14.71 crore in the preceding fiscal. The net worth of the retailer increased to Rs 58.13 crore in FY25 compared to Rs 32.80 crore in FY24.
Advit Jewels IPO: Registrar and Management
The book-running lead manager for the issue is Holani Consultants, and the registrar for the issue is Bigshare Services.Advit Jewels: Promoters
The promoters of the company include Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara. The shareholding of the promoters will reduce to 69.88 per cent after the issue, compared to 94.59 per cent before the issue.
Advit Jewels IPO: Objective
Advit Jewels plans to use the funds raised via the public issue for funding capital expenditure and core expansion. The jewellery maker has earmarked Rs 65 crore from the proceeds to fund its incremental working capital requirements. Another portion of Rs 65 crore will be used for the full or partial repayment or pre-payment of outstanding borrowings from scheduled commercial banks. The remaining balance will be deployed toward general corporate purposes.
About Advit Jewels
Incorporated in 2019, Advit Jewels is a manufacturer and wholesaler of traditional and contemporary jewellery. The company mainly operates under the brand name ‘Rambhajo’. The company operates as a B2B player and deploys a multi-channel model to supply dealers, showrooms, and jewellery retailers via its wholesale arm. The company also caters to individual buyers through custom-made-to-order offerings.
