Summary of this article
Advit Jewels IPO oversubscribed by 132.11 times.
Non-institutional investors led demand, booking 400.69 times.
Expected to list at forty percent premium on July 1.
The subscription window of Advit Jewels' initial public offering (IPO) is set to close today, on June 25. Advit Jewels IPO was subscribed over 132 times on the final day of subscription.
The grey market premium (GMP) for the jewellery maker’s shares hints at a strong debut for the stock. Here is a look at some of the key details related to Advit Jewels' public issue:
Advit Jewels IPO GMP
The grey market premium (GMP) for Advit Jewels' shares continued to remain steady on the final day of bidding. The GMP for the jewellery maker's shares is ranging between Rs 52 and Rs 56, signalling strong demand as per websites which monitor the demand for shares of unlisted companies. At the upper end of the GMP estimates, the stock is expected to list at Rs 194 per share with a premium of 40.58 per cent.
Advit Jewels IPO Subscription On Day 3
On the third day of subscription, the Advit Jewels IPO was oversubscribed 132.11 times. Cumulatively, the jewellery company's issue received bids for 1.106 billion shares compared to the 8.37 million shares offered for subscription. On the third day of bidding, Advit Jewels IPO was booked 400.69 times by non-institutional investors (NII) as they led the demand for the jewellery maker’s shares.
NIIs bid for 711.99 million shares against the 1.79 million shares set aside for non-institutional investors. Qualified institutional buyers (QIBs) subscribed to their quota in the public issue 35.03 times. QIBs placed bids for 83.80 million shares against the 2.39 million shares set aside for the category.
Retail investors booked their quota in the public issue 72.37 times as they bid for 303.20 million shares compared to the 4.19 million shares reserved for them.
Advit Jewels IPO Issue Size
Advit Jewels seeks to raise Rs 165.16 crore from its public issue. The jewellery company's issue comprises entirely a fresh issue of 1.2 million shares.
Advit Jewels IPO Price Band
Advit Jewels' IPO price band was set at Rs 130 and Rs 138 per share. The minimum lot size for retail individual investors was set at 100 shares, which amounts to an investment of Rs 13,800.
Advit Jewels IPO: Subscription Dates and Listing Date
Advit Jewels IPO subscription window opened on June 23 and is scheduled to close today, June 25. The basis of allotment for the Advit Jewels IPO will be announced on June 29. Advit Jewels will issue refunds for unsuccessful applicants on June 30. Advit Jewels shares are scheduled to list on the NSE and BSE on July 1.
Advit Jewels: Key Financials
Advit Jewels posted a total income of Rs 123.80 crore in the period ended December 31, 2025. In the nine-month period, the net profit and net worth for the period ended December 31, 2025, stood at Rs 25.44 crore and Rs 83.65 crore, respectively.In FY25, the jewellery company posted a total income of Rs 124.94 crore, increasing by over 84 per cent from Rs 69.45 crore in the preceding fiscal. The company's net profit for FY25 stood at Rs 25.37 crore, increasing by 72.46 per cent compared to Rs 14.71 crore in the preceding fiscal. The net worth of the company stood at Rs 58.13 crore in FY25, increasing by 77 per cent compared to Rs 32.80 crore in FY24.
Advit Jewels IPO: Registrar
The registrar for Advit Jewels IPO is Bigshare Services Pvt.Ltd, and the book running lead manager for the issue is Holani Consultants Pvt.Ltd.Advit Jewels: PromotersThe promoters of the company include Nitin Gilara, Prateek Gilara, Vipul Gilara and Krishna Vardhan Gilara. The promoters of the jewellery company held a 94.59 per cent stake in the company; their shareholding will reduce to 69.88 per cent post the issue.
About Advit Jewels
Advit Jewels is a Jaipur-based jewellery company specialising in handcrafted fine jewellery. The company claims to have expertise in crafting Kundan, Polki, Diamond and studded pieces under the brand name Rambhajo. The brand primarily works on a B2B model, supplying dealers and retailers.
