Summary
This blog provides a detailed overview of the Advit Jewels IPO, including its schedule, issue details, GMP, financials, and review. The ₹165.16 crore mainboard issue opens on June 23, 2026 and closes on June 25, 2026.
Advit Jewels manufactures premium handcrafted fine jewellery under the Rambhajo brand and sells through B2B and B2C channels across India. The current GMP of ₹54–₹64 implies potential listing gains of around 39–46%.
Advit Jewels Limited is set to launch its mainboard IPO, raising ₹165.16 crore through 1,19,68,000 fresh shares. The bidding window opens on June 23, 2026, and remains active until June 25, 2026. The shares are expected to become available for trading on BSE and NSE on July 1, 2026, subsequent to the allotment scheduled for June 29, 2026. Priced in the range of ₹130 to ₹138 per share, the issue is structured with a lot size of 100 shares. Retail investors require a minimum investment of ₹13,800 for one lot, while small NII investors need ₹2,07,000 for fifteen lots, and big NII investors can participate with seventy-three lots at ₹10,07,400.
Advit Jewels IPO Details
The following table highlights the main features of the IPO.
| Particulars | Details |
| Bidding Opens | Jun 23, 2026 |
| Bidding Closes | Jun 25, 2026 |
| Face Value | ₹10 per share |
| Issue Type | Book-building |
| Price Band | ₹130 to ₹138 |
| Issue Price | To be determined |
| Listing at | BSE, NSE |
| Lot Size | 100 Shares |
| Fresh Issue | 1,19,68,000 shares (₹165.16 Cr) |
| Market Maker Shares | 1,19,68,000 shares (₹165.16 Cr) |
| Offer for Sale (OFS) | ₹13,800 |
Advit Jewels IPO Timeline
The timeline below presents the major events of the issue process.
| Particulars | Details |
| Anchor Bidding | June 22, 2026 |
| Bidding Opens | June 23, 2026 |
| Bidding Closes | June 25, 2026 |
| Proposed Allotment | June 29, 2026 |
| Refunds Start On | June 30, 2026 |
| Share Credit to Demat | June 30, 2026 |
| Listing Scheduled | July 1, 2026 |
Advit Jewels Limited Key Performance Indicators
The KPIs discussed herein provide insight into Advit Jewels’ recent performance.
| KPIs | FY26 (Ended Dec 31, 2025) | FY25 | FY24 |
| ROE (%) | 35.89% | 55.79% | 57.82% |
| ROCE (%) | 24.09% | 27.48% | 35.41% |
| Debt Equity (times) | — | 1.29 | 0.60 |
| RoNW (%) | 30.41% | 58.13% | 32.80% |
| PAT Margin (%) | 20.55% | 20.30% | 21.18% |
| EBITDA Margin (%) | 29.63% | 29.73% | 27.29% |
| Price Book Value | — | — | — |
Financials of Advit Jewels Limited
The company’s recent financial performance is summarised in the table below.
| Particulars (in ₹ lakh) | FY26 (Ended Dec 31, 2025) | FY25 | FY24 |
| Total Assets | 16,420.00 | 14,085.00 | 6,721.00 |
| Revenue | 12,379.00 | 12,494.00 | 6,944.00 |
| Profit | 2,544.00 | 2,537.00 | 1,471.00 |
Advit Jewels IPO Subscription Status
The subscription data will become available once the bidding period begins on June 23, 2026. Investors can review the detailed terms of the offering through the official prospectus documents and submit applications between 10:00 AM and 5:00 PM IST during the bidding period.
Advit Jewels IPO Grey Market Premium
The Grey Market Premium (GMP) for Advit Jewels has commenced trading at a strong premium ahead of its official opening on June 23, 2026. The upper price band of the issue is fixed at ₹138 per share.
| Date | GMP | Expected Debut Price | Expected Returns (%) | Trend |
| 16-06-2026 | ₹64 | ₹202 | 46.38% | Strong |
| 17-06-2026 | ₹57 | ₹195 | 41.30% | Up |
| 18-06-2026 | ₹54 | ₹192 | 39.13% | Declining |
| 19-06-2026 | ₹54 | ₹192 | 39.13% | Steady |
Note: As GMP is not derived from any regulated exchange, it should not be treated as a reliable predictor of listing gains. Investor appetite and subscription response can influence the premium considerably.
Advit Jewels IPO Reservation
Shares offered under the IPO are distributed among the following categories.
| Investor Category | Reservation |
| Market Maker Shares | 49.98% |
| QIB Shares | 15.01% |
| NII (HNI) Shares | 35.01% |
| Retail Shares | 1,19,68,000 |
Lot Size of Advit Jewels IPO
The minimum and category-wise application requirements are detailed in this table.
| Investor Type | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 100 | ₹13,800 |
| Retail (Maximum) | 14 | 1,400 | ₹1,93,200 |
| Small NII (Minimum) | 15 | 1,500 | ₹2,07,000 |
| Big NII (Minimum) | 73 | 7,300 | ₹10,07,400 |
Advit Jewels IPO Anchor Investors
Details relating to the anchor investor portion are given in this section.
| Particulars | Details |
| Anchor Bidding Opens | June 22, 2026 |
| Shares Offered | Up to 35,88,780 Equity Shares (60% of the QIB portion) |
| Portion Size | Up to 60% of the QIB Portion |
| Lock-in for 50% Shares (30 Days) | July 31, 2026 |
| Remaining Shares Lock-in (90 Days) | September 30, 2026 |
Advit Jewels IPO Prospectus
For a comprehensive understanding of the issue, refer to the documents listed below.
About Advit Jewels Limited
Advit Jewels Limited, incorporated in 2019, is a Jaipur-based designer and manufacturer of premium handcrafted fine jewellery. Operating under the ‘Rambhajo’ brand, the company specialises in traditional Kundan and Polki styles alongside contemporary diamond and gemstone-studded pieces. The company’s in-house manufacturing facility enables complete control over design, quality, and production timelines. As of April 30, 2026, the company employed 111 personnel.
| Lead Manager | Holani Consultants Pvt. Ltd. |
| IPO Registrar | Bigshare Services Pvt. Ltd. |
Advit Jewels IPO Objectives
The intended usage of the net issue proceeds of IPO is outlined below.
| Particulars | Amount (₹ Crore) |
| Incremental Working Capital | 65.00 |
| Repayment of Outstanding Borrowings | 65.00 |
| General Corporate Purposes | 35.16 |
| Total | 165.16 |
Advit Jewels Limited Strengths
The following factors strengthen the company’s ability to compete and scale within the jewellery industry.
- Handcrafted heritage with modern scale: The company blends traditional Indian jewellery-making techniques with contemporary designs, offering customers authentic craftsmanship at an organised scale that unorganised artisans cannot match.
- Vertical integration: In-house manufacturing spanning design, casting, polishing, and quality testing reduces dependency on third-party suppliers and enables rapid customisation and quality control.
- Strong financial performance: 80% revenue growth in FY25 alongside 72% profit growth demonstrates operational leverage and improving margins as the company scales.
- Diversified revenue streams: Both B2B and B2C operations reduce concentration risk and provide stable cash flows from wholesale channels while capturing margin expansion from direct retail.
Advit Jewels Limited Risks
A balanced evaluation of this offering should include consideration of the following business and industry risks.
- Gold price volatility: Jewellery manufacturing is highly exposed to fluctuations in raw material costs, particularly gold and gemstones. Inability to pass on price increases to customers can compress margins significantly.
- Fashion and seasonal dependency: Jewellery demand is heavily influenced by festivals, weddings, and consumer sentiment, creating cyclical revenue patterns and inventory management challenges.
- Competition from organised players: Large national jewellery chains with deeper pockets, wider distribution networks, and established brands pose significant competitive pressure on pricing and market share.
- Dependence on skilled artisans: The handcrafted nature of the business depends on retaining skilled workers. Loss of key craftspeople or talent could impact production quality and delivery timelines.
- Limited scale relative to peers: Despite strong growth, ₹124.94 crore FY25 revenue is modest compared to organised sector giants, constraining marketing reach and R&D investment capacity.
Advit Jewels IPO Review
The IPO demonstrates strong operational leverage with prospering revenue growth and solid EBITDA margins. Current GMP of IPO reflects market confidence. The ₹130–₹138 price band appears reasonable. However, investors must weigh commodity price exposure, seasonal jewellery demand cycles, and competition from larger organised retailers. Long-term growth investors may find value; conservative investors should assess sector cyclicality before participating.
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Advit Jewels IPO FAQs
Advit Jewels IPO is a ₹165.16 crore mainboard book-built issue comprising 1,19,68,000 fresh shares to be listed on BSE and NSE.
You can apply through ASBA via bank or stockbroker, or UPI-supported online platforms and broker apps. Retail investors apply for minimum 100 shares; HNI investors can apply for higher multiples.
The IPO offers strong 80% revenue growth and vertical integration, but investors should weigh gold price volatility, seasonal demand patterns, and competition from larger jewellery players carefully.
Expected returns depend on subscription demand, market sentiment, and valuation. Current GMP of ₹58–₹80 suggests potential listing gains of 42–58% based on the upper price band.
The Advit Jewels IPO opens June 23, 2026 and closes June 25, 2026 for all eligible investor categories including retail, HNI, and QIB participants.
The lot size is 100 shares. Retail investors require a minimum one lot (₹13,800), small NII need fifteen lots, and big NII investors can participate with seventy-three lots.
Allotment is finalised June 29, 2026. Unsuccessful bidders receive refunds, and allotted shares credit to demat accounts June 30, 2026, subject to issue completion.
The Advit Jewels IPO lists July 1, 2026 on both BSE and NSE mainboard platforms.
