Advit Jewels Ltd. Share Price

Advit Jewels Extends Post-IPO Rally, Climbs 61% Above Issue Price

Shares of Advit Jewels Ltd. touched a fresh high on Wednesday after the stock exited the Trade-to-Trade (T2T) segment, attracting strong buying interest. The stock rose to an intraday high of ₹222 on the BSE, marking a 60.9% gain over its IPO issue price of ₹138 within just 15 trading days of listing. The company made a strong market debut on July 1, listing at ₹187, a premium of 35.5% over its issue price. Since then, the stock has gained nearly 18.7% from its listing price, reflecting sustained investor confidence. Advit Jewels' ₹165.16 crore IPO, priced in the range of ₹130–₹138 per share, received an overwhelming response from investors, with the issue being subscribed 212.63 times across all categories during the bidding period. The company manufactures and sells handcrafted jewellery under its 'Rambhajo' brand, specializing in customised Kundan, Polki, diamond and studded jewellery. The stock's continued rally highlights strong post-listing momentum, while investors are expected to keep a close watch on the company's financial performance and growth strategy in the coming quarter.

Important pre-market news today!! - 📈 Advit Jewels IPO Oversubscribed Strong demand at 213x; shares to list at premium, boosting IPO market sentiment. - 🛢️ Crude Oil Prices Drop Brent below $75/barrel aided by resumed Hormuz shipments, easing inflation concerns. - 💰 Gold & Silver Prices Slide Gold down 8% in June; silver plunges over 50% from peak, pressuring NBFCs and metal stocks. - 📉 FPIs Exit Financial, Oil Sectors Foreign outflows hit ₹63,450 crore in June; financials and oil & gas most affected. - ✈️ Aviation Stocks Rally IndiGo, SpiceJet gain up to 6% as crude oil prices slide, improving airline margins.

News Headlines from Business News Agencies:

News Headlines from Business News Agencies: Business Standard 📝 Energy stress, weak monsoon to slow India's growth to 6.6% in FY27: S&P 📝 India raises domestic coal use to over 50% at import-based power plants 📝 India's 28 big listed realty firms clock ₹1.95 trn pre-sales in FY26 📝 Tata Sons steps up Air India oversight amid losses, leadership transition 📝 EMA Partners India acquires RPO firm Taggd in ₹113 crore all-cash deal 📝 Yotta to deploy $7 bn in capex this year, eyes global AI cloud market 📝 State lenders plan $2 bn overseas borrowing under RBI concessional route 📝 NIIs lead Advit Jewels IPO demand; subscription tops 32x, GMP at 40% 📝 US firm Tryfacta secures two major Nasa tech contracts ahead of IPO 📝 Gold, silver futures continues to extend losses in domestic, global markets 📝 Axis Bank raises $800 million through dual-tranche dollar bond sale 📝 Premature to talk about rate hikes, says RBI Governor Sanjay Malhotra Economic Times 📝 India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC report 📝 BHIM Payments App transaction volumes triple in 11 months: Official 📝 Rupee cushioned by central bank hand even as dollar strength dents Asia FX 📝

Important pre-market news today! - 🛢️ Crude Oil Decline Brent slips near $73, easing inflation concerns and supporting Indian energy stocks. - 📈 Nifty & Sensex Rally Nifty crosses 24,000; Sensex gains 1% driven by lower oil prices and strong tech earnings. - 🎯 Top Stock Picks Kotak, MarketSmith, and experts recommend PVR INOX, Tata Motors, Tata Steel, and Vedanta. - 🏦 RBI Rate Outlook RBI Governor signals no immediate rate hikes, supporting equity market stability. - 💎 IPO Subscriptions Advit Jewels oversubscribed 44x with strong listing gains; weak response for CSM Technologies.

Important pre-market news today!! - 📉 Sensex & Nifty Decline Sensex dropped 893 points, Nifty fell 279 points amid global tech selloff and cautious sentiment. - 🛢️ Crude Oil & Metals Impact Brent crude slipped below $77/bbl; Hindustan Zinc down 5% as silver prices slump globally. - 🏦 Banking Sector Moves Yes Bank’s board plans equity and debt fundraise; IDBI Bank’s rating hinges on govt stake sale. - 📈 IPO Market Update Advit Jewels IPO oversubscribed 11x; CSM Technologies IPO opens with mixed views; cautious response for Waterways and Jivial Industries IPOs. - 💻 Tech & Global Cues Micron shares plunge 13% amid chip selloff; US Nasdaq futures tumble over 3%; AI overvaluation risks noted.

Advit Jewels IPO

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.