ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Advit Jewels IPO Opens Today: Price Band, Lot Size, GMP and Key Dates

Published on Tuesday, June 23, 2026 by Chittorgarh.com Team

Advit Jewels IPO opens for subscription

The initial public offering (IPO) of Advit Jewels Limited opened for subscription on June 23, 2026, and will close on June 25, 2026. The Jaipur-based jewellery manufacturer aims to raise ₹165.16 crore through a fresh issue of 1.20 crore equity shares.

The company has fixed the price band at ₹130 to ₹138 per share, while the minimum application size for retail investors is 100 shares.

Advit Jewels IPO Key Investment Considerations

Strengths

  • Strong revenue and profit growth over the last three years. Read More.
  • GMP Signals Strong Market Interest - indicating a potential premium of 46.38%.
  • Advit Jewels raised ₹49.52 crore through its anchor book.
  • High return ratios including ROE (55.79%) and RoNW (43.64%) in FY25.
  • Post-issue P/E of 24.92x and a P/B ratio of 7.60x based on FY25 financials.
  • The company will raise ₹165.16 crore by issuing entirely new shares, proceeds will be completely utilised by the company itself.

Risks

  • Business performance remains sensitive to fluctuations in gold prices.
  • Working-capital-intensive operations. Operating cash flow remained negative in FY24 and FY25.
  • Borrowings increased from ₹5.84 crore in FY23 to ₹74.80 crore in FY25 (debt-to-equity ratio rose to 1.29).
  • Dependence on a single manufacturing facility.
  • Highly competitive and fragmented jewellery industry.

Advit Jewels IPO GMP

According to market sources, the grey market premium (GMP) of Advit Jewels IPO stood at around ₹64 on June 23. Based on the upper price band of ₹138, the estimated listing price works out to ₹202 per share, indicating a premium of approximately 46%.

Investors should note that GMP is an unofficial market indicator and should not be considered the sole basis for investment decisions.

Advit Jewels IPO Reservation

The company has allocated:

  • 50% of the net offer to Qualified Institutional Buyers (QIBs)
  • 15% to Non-Institutional Investors (NIIs)
  • 35% to Retail Investors
Following the bidding period, the basis of allotment is scheduled to be finalized on June 29, 2026. Unsuccessful investors can expect their refund initiations to begin on June 30, 2026, which is the same day successful applicants will see the shares credited to their demat accounts. Finally, the company is set to make its stock market debut with a tentative listing date of July 1, 2026.

Open an Instant Account with Zerodha
Advit Jewels IPO Day 1: GMP, Price Band, Lot Size and Important Dates