Advit Jewels IPO Day 1 LIVE: Issue opens today. GMP hints 46% listing pop. Should you buy or not?

Advit Jewels IPO Day 1 LIVE: The Advit Jewels IPO opened for public subscription on 23 June and will close on 25 June. The company has fixed the Advit Jewels IPO price band at ₹130-138 per equity share.

Advit Jewels IPO GMP today is +64. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Advit Jewels share was ₹202 apiece, which is 46.38% higher than the IPO price of ₹138.

The public issue comprises a fresh issue of 1.20 crore equity shares, with no offer-for-sale (OFS) component, enabling the company to raise capital directly to fund its growth and expansion plans.

Advit Jewels is engaged in the design, manufacture, and sale of traditional and contemporary handcrafted fine jewellery. The company markets its products under the 'Rambhajo' brand and has established a strong presence in customised Kundan, Polki, diamond and studded jewellery segments.

Through its focus on craftsmanship, heritage designs and bespoke jewellery offerings, Advit Jewels caters to a diverse customer base across the premium jewellery market.

Advit Jewels IPO Day 1 LIVE: Advit Jewels IPO GMP today is +64. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Advit Jewels share was ₹202 apiece, which is 46.38% higher than the IPO price of ₹138.

Based on grey market activity over the last 13 sessions, today's IPO GMP is rising, indicating a positive listing. The lowest GMP recorded is ₹0.00, while the highest is ₹91, as per expert analysis.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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