Advit Jewels IPO 2026: Price Band, GMP, Subscription Status, Allotment & Listing Date — Complete Guide
By Kaushik Brahmakshatriya
Published On 25 June 2026.
Advit Jewels IPO
The Indian primary market witnessed another blockbuster response as Advit Jewels Limited launched its maiden IPO between June 23 and June 25, 2026. The Jaipur-based jewellery manufacturer, owner of the iconic Rambhajo brand, received bids for over 84.33 crore shares against just 83.79 lakh shares on offer, resulting in an overall subscription of more than 100 times. (business-standard) Here is everything you need to know about this IPO — from price band to listing date.
About Advit Jewels Limited
Incorporated in 2019, Advit Jewels is a Jaipur-based jewellery company specializing in handcrafted fine jewellery, with expertise in Kundan, Polki, Diamond, and Studded pieces under the brand name “Rambhajo”. The company blends traditional techniques with modern designs to create unique pieces that are both timeless and contemporary.
The company mainly operates on a B2B model, supplying jewellery to dealers, retailers, and showrooms across India. It also serves B2C customers through made-to-order and customised jewellery. In FY25, around 81.63% of revenue came from the B2B segment, while the remaining 18.37% came from B2C sales.
What sets Advit Jewels apart is its in-house, end-to-end manufacturing capability — integrating handmade jewellery crafting with modern technology like CAD, 3D printing, laser cutting, and casting, ensuring efficiency and quality throughout the production process.
Advit Jewels IPO Key Details
| Parameter | Details |
| IPO Open Date | June 23, 2026 |
| IPO Close Date | June 25, 2026 |
| Issue Size | ₹165.16 Crore |
| Issue Type | Fresh Issue (No OFS) |
| Price Band | ₹130 – ₹138 per share |
| Face Value | ₹10 per share |
| Lot Size | 100 Shares |
| Minimum Investment (Retail) | ₹13,800 |
| Maximum Investment (Retail – 14 lots) | ₹1,93,200 |
| Allotment Date | June 29, 2026 |
| Share Credit / Refund | June 30, 2026 |
| Listing Date | July 1, 2026 (BSE & NSE) |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Holani Consultants Pvt. Ltd. |
Subscription Status & GMP
Demand remained robust across all investor categories. Non-institutional investors (NIIs) led with their reserved portion subscribed 303.58 times. The retail individual investor (RII) category was booked 61.30 times, while the qualified institutional buyer (QIB) portion saw subscriptions of 17.14 times.
On the grey market front, Advit Jewels’ unlisted shares were trading at ₹199 apiece, indicating a grey market premium (GMP) of ₹61, or approximately 44.20%, over the upper end of the IPO price band.
This signals strong listing expectations, though GMP figures are unofficial and not regulated by SEBI.
Advit Jewels Limited raised ₹49.52 crore from 4 anchor investors at ₹138 per share on June 22, 2026. Taurus Mutual Fund led the allocation at 30.65%, followed by Holani Venture Capital Fund at 26.85%, Mint Focused Growth Fund at 21.60%, and Venus Stellar Fund at 20.90%.
Advit Jewels Financial Performance —
| Financial Metric | FY23 | FY24 | FY25 |
| Total Income | ₹46.60 Cr | ₹69.45 Cr | ₹124.94 Cr |
| Profit After Tax (PAT) | ₹10.39 Cr | ₹14.71 Cr | ₹25.37 Cr |
| EBITDA | ₹12.77 Cr | ₹18.95 Cr | ₹37.15 Cr |
For the nine-month period ended December 31, 2025, the company reported total income of ₹123.80 crore, profit after tax of ₹25.44 crore, and EBITDA of ₹36.68 crore indicating the business had already matched its full FY25 performance within three quarters of FY26.
IPO Valuation Snapshot —
| Valuation Metric | Value |
| P/E Ratio | 18.64x |
| EPS | ₹7.41 |
| Price-to-Book (P/B) | 7.60x |
| Return on Net Worth (RoNW) | 30.41% |
| Market Cap (Post IPO) | ₹632.18 Crore |
Use of IPO Proceeds
The entire ₹165.16 crore raised is a fresh issue — meaning no existing shareholder is selling via OFS. The IPO proceeds will fund incremental working capital requirements, repayment or pre-payment of outstanding borrowings, and general corporate purposes.
Specifically, ₹65 crore each is allocated for working capital needs and debt repayment.
Key Risks to Watch
While the IPO has attracted massive investor interest, there are some risks worth noting:
- The company’s cost of material consumption is heavily concentrated in gold, diamond polki, and precious stones, which together accounted for over 99% of total material costs. (Groww)
- The business is subject to seasonal fluctuations, with nearly 72.63% of revenue generated during festive and wedding seasons in the second half of the year. (Groww)
- Manufacturing is entirely concentrated at a single facility in Jaipur, which creates operational concentration risk.
Question & Answer Section
Q1. What is the price band of Advit Jewels IPO?
The price band is set between ₹130 and ₹138 per equity share, with a face value of ₹10 each.
Q2. When will Advit Jewels IPO be listed?
Advit Jewels IPO will list on NSE and BSE with a tentative listing date fixed as July 1, 2026. (Chittorgarh)
Q3. What is the GMP of Advit Jewels IPO today?
As of June 25, 2026, the GMP stands at approximately ₹61 per share, suggesting an estimated listing price around ₹199. GMP figures are unofficial and can change rapidly before listing.
Q4. How many times was Advit Jewels IPO subscribed?
The IPO received bids for over 84.33 crore shares against 83.79 lakh shares on offer, resulting in an overall subscription of more than 100 times by June 25, 2026. (business-standard)
Q5. What is the minimum investment for Advit Jewels IPO?
Retail investors need a minimum of ₹13,800 to apply for one lot of 100 shares at the upper price band of ₹138.
Q6. How to check Advit Jewels IPO allotment status?
Allotment status can be checked on the Bigshare Services Pvt. Ltd. website using your PAN number, Application Number, or DP ID. Status can also be verified on BSE, NSE, or through your stockbroker. (Cleartax)
Q7. Is Advit Jewels IPO good for long-term investment?
The company has shown strong revenue growth — nearly tripling income from ₹46.60 crore in FY23 to ₹124.94 crore in FY25 — and a profitable track record. However, investors should weigh the premium valuation, single-location manufacturing risk, and commodity price dependency before making long-term investment decisions. This is not financial advice.
Investment Disclaimer: This blog post is for informational and educational purposes only. It does not constitute investment advice. Grey Market Premium (GMP) figures are unofficial and speculative. Please consult a SEBI-registered financial advisor before investing in any IPO.
