Advit Jewels Limited's initial public offering (IPO) opened for subscription on June 23, 2026, with a price band set at ₹100 to ₹105 per equity share. The IPO aims to raise approximately ₹50 crore through a fresh issue of 50 lakh shares.
IPO Details and Price Band
The IPO consists entirely of a fresh issue of 50,00,000 equity shares with no offer-for-sale component. The price band has been fixed at ₹100-105 per share, with a lot size of 1,000 shares. Investors can bid for a minimum of 1 lot and in multiples of 1,000 shares thereafter. The minimum investment required for retail investors is ₹1,05,000 (1 lot at the upper price band).
The IPO will remain open for subscription until June 25, 2026. The company plans to list its shares on the BSE SME platform. The equity shares are proposed to be listed on the SME Platform of BSE Limited.
GMP (Grey Market Premium) Today
As of June 23, 2026, the grey market premium (GMP) for Advit Jewels IPO is ₹25 per share, indicating a listing gain of approximately 23.8% over the upper price band of ₹105. The GMP suggests that the stock may list at around ₹130 per share. However, grey market premiums are unofficial and subject to change based on market sentiment.
Subscription Status
On the first day of bidding, the Advit Jewels IPO received a subscription of 2.5 times, with strong demand from retail investors. The retail category was subscribed 3.2 times, while the non-institutional investors category saw 1.8 times subscription. The qualified institutional buyers (QIB) portion remained undersubscribed on day one.
According to market analysts, the IPO is expected to be fully subscribed by the final day, given the company's strong fundamentals and growth prospects in the jewellery sector.
Company Profile and Financials
Advit Jewels Limited is a Mumbai-based company engaged in the manufacturing and trading of gold and diamond jewellery. The company has a diverse product portfolio including rings, earrings, necklaces, and bracelets. For the fiscal year ended March 2026, the company reported a revenue of ₹120 crore and a net profit of ₹8 crore. The company's revenue grew at a CAGR of 15% over the past three years.
"We are confident that our IPO will attract strong interest from investors due to our consistent financial performance and established market presence," said the company's managing director in a statement.
Objectives of the Issue
The proceeds from the fresh issue will be utilized for working capital requirements, capital expenditure, and general corporate purposes. Specifically, the company plans to use ₹30 crore for working capital, ₹10 crore for setting up a new manufacturing unit, and the remaining for other corporate needs.
Key Dates and Allotment
The basis of allotment is expected to be finalized on June 28, 2026, and refunds will be initiated on June 29, 2026. The equity shares are likely to be credited to demat accounts on June 30, 2026, with listing expected on July 1, 2026.
Lead Managers and Registrar
Khambatta Securities Limited is the book-running lead manager for the issue, while Bigshare Services Private Limited is the registrar. The market maker for the IPO is V. R. Finsec Limited.
