The initial public offering (IPO) of Advit Jewels Ltd concluded with an overwhelming investor response, achieving a subscription rate of 212.63 times by the close of bidding. This robust demand saw bids for 1,78,16,51,400 equity shares against the 83,79,300 shares originally offered, reflecting strong investor confidence in the jewellery manufacturer.
Strong Demand Across Investor Categories
The Non-Institutional Investor (NII) category demonstrated the strongest interest, with its portion subscribed an impressive 536.38 times. Qualified Institutional Buyers (QIBs) also showed significant participation, subscribing 174.98 times. Retail investors, a crucial segment, subscribed their portion 95.30 times, collectively contributing to the overall success of the Advit Jewels IPO.
About Advit Jewels Ltd.
Advit Jewels, operating under its "Rambhajo" brand, specializes in the manufacturing and distribution of handcrafted jewellery. Based in Jaipur, Rajasthan, a prominent hub for India's gemstone and jewellery industry, the company crafts both traditional and contemporary pieces. Its portfolio includes Kundan, Polki, diamond, and other studded jewellery, blending age-old jewellery-making techniques with modern design aesthetics to appeal to diverse consumer preferences.
Listing Date and Grey Market Premium (GMP)
Shares of Advit Jewels are slated for listing on the stock exchanges on July 1, 2026. The grey market premium (GMP) for Advit Jewels's IPO, an unofficial indicator of potential listing performance, was reported at Rs 56 per share on the final day of bidding. Based on the upper price band of Rs 138, this GMP suggests a potential listing gain of approximately 40.58 per cent for investors.