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Advit Jewels IPO
Price Band
₹130.0–138.0
Issue Size
₹165.16 Cr
Lot Size
100 shares
Min Investment
₹13,800
GMP
+₹49.5 (35.87%)
Issue Price
₹138.0
Advit Jewels IPO AI Summary
- Advit Jewels IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹130.0–₹138.0 per share, lot size 100 shares (min. investment ₹13,800).
- Subscription window: 23 Jun–25 Jun 2026, listing on 01 Jul 2026.
- Current GMP is +₹49.5 (35.87%), an estimated listing price of ₹188 — unofficial and can change daily.
Advit Jewels is set to launch its IPO with a price band of ₹130 to ₹138, aiming to raise ₹165.16 Cr. The company specializes in handcrafted jewellery and operates primarily in the B2B segment. With strong financial growth and a significant oversubscription rate, the IPO reflects robust investor interest.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
212.63x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
174.98x
|
175x 🔥 |
| NII (HNI) |
536.38x
|
536x 🔥 |
| ↳ bNII (>₹10L) |
554.12x
|
554x 🔥 |
| ↳ sNII (<₹10L) |
502.25x
|
502x 🔥 |
| Retail (RII) |
95.30x
|
95x ✓ |
| Total | 212.63x | 212.63x |
Auto-updated every 5 min · As of 25th Jun 2026 18:56
Advit Jewels IPO Grey Market Premium (GMP) Today
GMP
+₹49.5
GMP %
+35.87%
Est. Listing
₹187.5
Updated: 14 Jul 2026 15:51
GMP Trend (Last 7 Days)
About the Company
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". It blend traditional techniques with modern designs to create unique pieces that are both timeless and contemporary. Its product portfolio includes necklaces, earrings, rings, bangles and customized jewellery, crafted in 14K and 18K gold with diamonds and coloured stones. The company primarily works on a B2B model, supplying dealers, showrooms and retailers, but also serve B2C customers for exclusive, made-to-order jewellery. Its jewellery is 100% handmade by skilled artisans trained over generations, ensuring every piece is a masterpiece. In FY 2025, it derived 81.63% of revenue from B2B segment and 18.37% is derived from B2C segment. Manufacturing facility: It has a manufacturing unit in Jaipur (6,450 sq. ft.) is equipped with modern machines like 3D printers and casting units, allowing to handle the complete process in-house – from gold melting to polishing and quality checks. This ensures efficiency, security, and strict quality control. Customized or high-value orders are typically completed within 25–30 days. The company maintains strong quality standards with a dedicated QC team that checks every detail including design, purity, finish, and dimensions before dispatch. It has a PAN India presence with revenue generated from various states including Maharashtra, Haryana, Gujarat, Delhi, Punjab, Rajasthan, West Bengal, Uttar Pradesh, and Telangana. Competitive Strengths Organized manufacturing under one roof Diversified product offering across customer segments Robust operational systems and risk mitigation framework Experienced leadership with proven execution capability Unwavering Commitment to Quality
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.20 | 140.85 | 67.21 | 29.01 |
| Total Income | 123.80 | 124.94 | 69.45 | 46.60 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| EBITDA | 36.68 | 37.15 | 18.95 | 12.77 |
| NET Worth | 83.65 | 58.13 | 32.80 | 18.08 |
| Reserves and Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowing | 64.92 | 74.80 | 19.70 | 5.84 |
Key Ratios
EPS
₹7.50
NAV
₹18.16
ROE
55.79%
ROCE
27.48%
RoNW
43.64%
P/B Value
7.60
P/E Ratio
18.41
Market Cap
₹632.18 Cr
PAT Margin
20.30%
Debt/Equity
1.29
Promoters
Nitin Gilara, Prateek Gilara, Vipul Gilara and Krishna Vardhan Gilara
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding incremental working capital requirements of Company 65.00 2 Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Company from scheduled commercial banks 65.00 3 General Corporate Purposes 14.21 4 Issue Expenses 20.95 Total 165.16
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹46.60 Cr in the year ending 31 Mar 2023, rising to ₹69.45 Cr by 31 Mar 2024, then slightly increasing to ₹124.94 Cr by 31 Mar 2025. However, by 31 Dec 2025, the Total Income decreased to ₹123.80 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹10.39 Cr in the year ending 31 Mar 2023, increasing to ₹14.71 Cr by 31 Mar 2024, and further rising to ₹25.37 Cr by 31 Mar 2025. By 31 Dec 2025, Profit After Tax reached ₹25.44 Cr, indicating a consistent growth trend over the periods analyzed.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gains of an IPO based on unofficial trading before the shares are listed on the stock exchange. A positive GMP suggests that the market anticipates the shares will list at a higher price than the issue price.
Subscription Demand
As of 25th June 2026, the IPO was oversubscribed 212.63 times. The QIB category saw a subscription of 174.98 times, while the NII category was oversubscribed 536.38 times. Retail investors subscribed 95.3 times, indicating strong demand across all categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors to consider include the company's growth potential, market conditions, and financial health.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, dividend-paying stocks may want to avoid IPOs like this, as they can be subject to significant price fluctuations and uncertainties in the early trading period.
IPO Timeline, Explained
The IPO opens for subscription on 23rd June 2026 and closes on 25th June 2026. Allotment of shares will be finalized by 29th June 2026, with the listing date set for 1st July 2026.
Listing Gains — The Risk
While many investors hope to gain from listing-day price increases, these gains are not guaranteed. Factors such as market conditions, investor sentiment, and overall demand for the stock can influence the listing price.
This evaluation is generated from Advit Jewels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Advit Jewels IPO GMP today?
Advit Jewels IPO GMP today is +₹49.5 (35.87%), indicating an estimated listing price of ₹188. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Advit Jewels IPO?
The price band of Advit Jewels IPO is ₹130.0–₹138.0 per share.
When does Advit Jewels IPO open and close?
Advit Jewels IPO opens on 23 June 2026 and closes on 25 June 2026.
When does Advit Jewels IPO list on the stock exchange?
Advit Jewels IPO listed on 01 July 2026 at ₹187.5.
What is the lot size for Advit Jewels IPO?
The lot size for Advit Jewels IPO is 100 shares, requiring a minimum investment of ₹13,800.
What is the price band for the Advit Jewels IPO?
The price band for the Advit Jewels IPO is ₹130.0 to ₹138.0.
What is the minimum investment required?
The minimum investment required is ₹13,800, based on a lot size of 100 shares at the issue price of ₹138.
When is the listing date for the IPO?
The listing date for the Advit Jewels IPO is 1st July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gains of an IPO based on unofficial trading before the shares are listed.
What is the lot size for the Advit Jewels IPO?
The lot size for the Advit Jewels IPO is 100 shares.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹56.6 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
Nippon India MF
Axis Mutual Fund
Kotak MF
ICICI Prudential MF
+ 2 more anchor investors
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
23 Jun 2026
Close
25 Jun 2026
Allotment
29 Jun 2026
Listing
01 Jul 2026
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