Advit Jewels IPO: Allotment Finalized, Listing Set for July 1
By Kaushik Brahmakshatriya
Published On 30 June 2026.
Advit Jewels IPO
The Jaipur-based jewellery manufacturer Advit Jewels Limited has wrapped up one of the most talked-about mainboard IPOs of the season. Trading under the popular Rambhajo brand, the company specializes in handcrafted Kundan, Polki, diamond, and studded jewellery pieces, blending heritage craftsmanship with modern manufacturing techniques like CAD and laser cutting.
The issue, which opened on June 23 and closed on June 25, 2026, was entirely a fresh issue worth ₹165.16 crore. It received an overwhelming response from investors, getting subscribed more than 212 times overall, with the non-institutional investor category leading the charge.
The allotment was finalized on June 29, and successful applicants will see shares credited to their demat accounts on June 30, with refunds initiated the same day. Shares are scheduled to debut on both the BSE and NSE on July 1, 2026.
Key IPO Details
| Particular | Detail |
| Issue Size | ₹165.16 crore (Fresh Issue) |
| Price Band | ₹130 to ₹138 per share |
| Lot Size | 100 shares |
| Minimum Investment | ₹13,800 (Retail) |
| Subscription Dates | June 23 – June 25, 2026 |
| Allotment Date | June 29, 2026 |
| Listing Date | July 1, 2026 (BSE & NSE) |
Subscription Breakdown by Category
| Investor Category | Subscription (Times) |
| Qualified Institutional Buyers (QIB) | 174.98x |
| Non-Institutional Investors (NII) | 536.38x |
| Retail Individual Investors (RII) | 95.30x |
| Overall Subscription | 212.63x |
Financial Snapshot
| Financial Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
| FY2023 | 46.61 | 10.39 |
| FY2024 | 69.45 | 14.71 |
| FY2025 | 124.94 | 25.37 |
Advit Jewels has shown a strong upward trajectory in both revenue and profitability over the past three fiscal years, reflecting growing demand for its bridal and customized jewellery lines across the nearly 18 states it operates in.
The company plans to use the IPO proceeds for working capital needs, repayment of certain existing borrowings, and general corporate purposes. With an integrated manufacturing facility in Jaipur and certifications from bodies like IGI and GIA, Advit Jewels positions itself as a quality-focused player in India’s competitive gems and jewellery sector — a sector that contributes nearly 7% to the country’s GDP.
Grey market activity ahead of listing has remained firm, hinting at a positive debut, though such premiums are unofficial and not endorsed by SEBI or the stock exchanges.
Frequently Asked Questions.
Q1. When is the Advit Jewels IPO listing on the stock exchange?
A: Advit Jewels shares are scheduled to list on both the BSE and NSE on July 1, 2026.
Q2. What was the price band for the Advit Jewels IPO?
A: The price band was fixed at ₹130 to ₹138 per equity share, with a lot size of 100 shares.
Q3. How many times was the Advit Jewels IPO subscribed?
A: The IPO received an overall subscription of 212.63 times, led by strong demand from non-institutional investors.
Q4. What does Advit Jewels manufacture?
A: The company manufactures handcrafted fine jewellery, including Kundan, Polki, diamond, and studded pieces, under its Rambhajo brand.
Q5. How many will I know if I received an allotment?
A: Allotment status can be checked on the websites of the registrar, Bigshare Services, as well as on the BSE and NSE portals.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Stock market investments, including IPOs, are subject to market risks. Please consult a registered financial advisor before making any investment decisions.
