Advit Jewels IPO
GMP, Subscription, Price, Dates & Financial Details
Diamond & Jewellery
Established in 2019, Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery marketed under the renowned "Rambhajo" brand. The company specializes in traditional and contemporary jewellery designs, particularly Kundan, Polki, Diamond, and Studded Jewellery, blending…
Open Date
Tue, 23 Jun 2026
Close Date
Thu, 25 Jun 2026
Price Band
₹ 130 – 138
Lot Size
100
Issue Size
₹ 165.16 Cr
Minimum Investment
₹ 13,800 (100 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Advit Jewels IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹165 Crore, comprising a fresh issue of 1.20 Crore equity shares aggregating to ₹165.16 Crore.
The Advit Jewels IPO remained open for subscription from June 23, 2026, to June 25, 2026. The basis of allotment was finalized on June 29, 2026, and the company's shares were listed on the NSE and BSE on July 01, 2026.
The company had fixed the price band at ₹130 to ₹138 per share, with a lot size of 100 shares. Retail investors were required to make a minimum investment of ₹13,800 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Holani Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Advit Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Advit Jewels IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Jun 26
- IPO Close Date
- Thu, 25 Jun 26
- Basis of Allotment
- Mon, 29 Jun 26
- Initiation of Refunds
- Tue, 30 Jun 26
- Credit of Shares to Demat
- Tue, 30 Jun 26
- Listing Date
- Wed, 01 Jul 26 — NSE & BSE
Open Date
23 June 2026
Close Date
25 June 2026
Basis Of Allotment
29 June 2026
Listing Date
01 July 2026
IPO Subscription
Check Live Subscription →The Advit Jewels IPO has received bids for 1,78,16,52,000 shares against 83,79,300 shares offered, resulting in an overall subscription of 212.63x. the NII category is subscribed 536.38x, Retail Investors 95.3x, and QIBs 174.98x. Within the NII category, BNII is subscribed 553.65x, while SNII is subscribed 501.83x.
QIB
174.98x
NII
536.38x
BNII
553.65x
SNII
501.83x
RII
95.3x
Total
212.63x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 41,90,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 23,92,600 shares (28.55%), while Non-Institutional Investors (NIIs) receive 17,96,700 shares (21.44%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 2,392,600 | 28.55% |
| Non-Institutional | 1,796,700 | 21.44% |
| BNII | 1,197,800 | 14.29% |
| SNII | 598,900 | 7.15% |
| Retail Investors | 4,190,000 | 50% |
| Total | 8,379,300 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.2 | 140.85 | 67.21 | 29.01 |
| Revenue | 123.8 | 124.94 | 69.45 | 46.6 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| Net Worth | 83.65 | 58.13 | 32.8 | 18.08 |
| Reserve & Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowings | 64.92 | 74.8 | 19.7 | 5.84 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Advit Limited KPI Information
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 35.89 | 55.79 | 57.82 | 80.51 |
| ROCE % | 24.09 | 27.48 | 35.41 | 53.02 |
| Debt / Equity | 0 | 1.29 | 0.6 | 0.32 |
| RoNW % | 30.41 | 43.64 | 44.84 | 57.47 |
| Pat Margin % | 20.55 | 20.3 | 21.18 | 22.29 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Advit Jewels Ltd | 10 | 0 | 7.92 | 7.92 | 43.64 | 18.16 |
| Bluestone Jewellery and Lifestyle Ltd | 1 | 0 | -78.86 | -78.86 | -24 | 363.96 |
| RBZ Jewellers Ltd | 10 | 12.86 | 9.7 | 9.7 | 15.83 | 61.26 |
| Radhika Jeweltech Ltd | 2 | 11.1 | 5.09 | 5.09 | 18.63 | 27.34 |
About Advit Limited
Established in 2019, Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery marketed under the renowned "Rambhajo" brand. The company specializes in traditional and contemporary jewellery designs, particularly Kundan, Polki, Diamond, and Studded Jewellery, blending generations-old craftsmanship with modern aesthetics.
Rambhajo's legacy dates back to 1921, when Late Shri Kishan Gilara laid the foundation of the jewellery business. Today, the company continues this century-old tradition through a professionally managed corporate structure.
The company's product portfolio includes necklaces, earrings, rings, bangles, and customized jewellery, primarily crafted in 14K and 18K gold using diamonds and coloured gemstones. While its core business follows a B2B model, supplying dealers, showrooms, and retailers across India, it also caters to B2C customers through exclusive made-to-order jewellery. In FY25, 81.63% of revenue came from B2B operations, while 18.37% was generated from B2C sales.
Advit Jewels operates a 6,450 sq. ft. integrated manufacturing facility in Jaipur, equipped with advanced technologies such as 3D printers, casting units, and polishing machines. The facility enables complete in-house production—from gold melting and design development to stone setting, polishing, and quality inspection—ensuring superior quality control, security, and operational efficiency. Customized and premium orders are generally completed within 25–30 days.
The company maintains stringent quality standards through a dedicated quality control team that examines every product for design accuracy, purity, finish, and dimensions before dispatch.
With a strong presence across India, Advit Jewels generates revenue from multiple states, including Maharashtra, Gujarat, Rajasthan, Delhi, Haryana, Punjab, West Bengal, Uttar Pradesh, and Telangana.
* Competitive Strengths
- Strong heritage and trusted "Rambhajo" brand legacy
- Integrated manufacturing operations under one roof
- Diverse product portfolio across customer segments
- Skilled artisan workforce with generations of expertise
- Robust quality control and operational systems
- Experienced management team with strong execution capabilities
- Significant growth potential supported by available production capacity
As of September 2025, the company employed 94 professionals and continues to focus on expanding its market presence while preserving its legacy of craftsmanship and excellence.
Advit Jewels IPO Promoters
- Mr. Nitin Gilara
- Mr. Prateek Gilara
- Mr. Vipul Gilara
- Mr. Krishna Vardhan Gilara
Promoters Holding
Holding Pre Issue
94.59%
Holding Post Issue
69.88%
Advit Jewels IPO Objective
The Company Advit Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirements of our Company
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks
- General corporate purposes
Advit Limited Address / Contact Details
Advit Jewels Limited
Flat No. 301, Pearl Premier,
Plot No. 4, Jamna Lal Bajaj Marg
C-Scheme, Jaipur, Rajasthan, 302001
Phone: +91 9216035990
Email: cs@advitjewels.com
Website: http://www.rambhajo.com/
IPO Snapshot
Advit Jewels IPO Lot Size
The Advit Jewels IPO has a lot size of 100 shares. Retail investors require a minimum investment of ₹13,800 by applying for 1 lot (100 shares). The maximum application allowed for the retail category is 14 lots (1,400 shares), requiring an investment of ₹1,93,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 13,800.00 |
| Retail (Max) | 14 | 1,400 | 193,200.00 |
| S-HNI (Min) | 15 | 1,500 | 207,000.00 |
| S-HNI (Max) | 72 | 7,200 | 993,600.00 |
| B-HNI (Min) | 73 | 7,300 | 1,007,400.00 |
Issue Reservation
- QIB — 28.55%
- NII — 21.44%
- RII — 50%
Book Running Lead Managers
- Holani Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Advit Jewels IPO?
Advit Jewels IPO is a Book-building IPO with a total issue size of ₹165.16 crore. The Advit Jewels IPO price band is ₹130 to 138 per share. The Advit Jewels IPO subscription opens on Tue, Jun 23, 2026, and closes on Thu, Jun 25, 2026. The Advit Jewels IPO will be listed on the NSE,BSE. Bigshare Services Pvt Ltd is the registrar for the Advit Jewels IPO.
When will the Advit Jewels IPO open for subscription?
The Advit Jewels IPO opens on Tue, Jun 23, 2026 and closes on Thu, Jun 25, 2026
What is Advit Jewels IPO Price Band?
Advit Jewels IPO Price Band is ₹130 to 138 per share.
What is Advit Jewels IPO Lot Size?
Advit Jewels IPO lot size is 100 shares, Retail investors need a minimum investment of ₹13800 based on the upper price band
What is the minimum investment for Advit Jewels IPO?
The minimum investment for Advit Jewels IPO is ₹13800, based on one lot of 100 shares at the upper price band of ₹138 per share.
How to apply for Advit Jewels IPO?
Investors can apply for the Advit Jewels IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 25, 2026. The application amount remains blocked until the Advit Jewels IPO allotment is finalized.
What is Advit Jewels IPO Issue Size?
Advit Jewels IPO issue size is ₹165.16 crores.
What is the Advit Jewels IPO Allotment Date?
Advit Jewels IPO allotment date is Mon, Jun 29, 2026.
Who is the Advit Jewels IPO Registrar?
The registrar for Advit Jewels IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Advit Jewels IPO allotment status, refund processing, and other IPO-related information.
What is the Advit Jewels IPO GMP?
The Advit Jewels IPO GMP (Grey Market Premium) is ₹56 as of Fri, Jun 12, 2026. Based on the upper price band of ₹138 per share, the estimated Advit Jewels IPO listing price is ₹194, indicating a potential listing gain of approximately 40.58% over the issue price.
Who is the Advit Jewels IPO Lead Manager?
The book-running lead managers (BRLMs) for the Advit Jewels IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Advit Jewels IPO Red Herring Prospectus (RHP).