Advit Jewels IPO
ListedMainboardOpens 23 June 2026Closes 25 June 2026
Advit Jewels Limited, incorporated in 2019, is a premier Jaipur-based fine jewellery company operating under the highly acclaimed legacy brand name 'Rambhajo'. The company specializes in creating handcrafted luxury…
Advit Jewels Limited, incorporated in 2019, is a premier Jaipur-based fine jewellery company operating under the highly acclaimed legacy brand name 'Rambhajo'. The company specializes in creating handcrafted luxury jewellery collections, showcasing generational design mastery across Kundan, Polki, fine diamonds, and custom gemstone-studded variations. Advit works primarily via a robust B2B pipeline, supplying premium corporate showrooms, dealers, and nationwide retail networks, alongside managing a specialized elite bespoke B2C customer portal for personalized custom bridal orders. Its centralized 6,450 sq. ft. precision manufacturing house in Jaipur handles integrated creation pipelines spanning 3D prototyping, advanced vacuum casting, fine stone-setting, and strict internal QC audits.
Show moreShow less
Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Jun
IPO Closes
25 Jun
Allotment
29 Jun
Listing
1 Jul
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 June 2026 |
| IPO Close Date | 25 June 2026 |
| Allotment Date | 29 June 2026 |
| Listing Date | 1 July 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹13,800 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,93,200 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,07,000 |
SHNI (Max)Below ₹10,00,000 | 72 | ₹9,93,600 |
BHNIAbove ₹10,00,000 | 73 | ₹10,07,400 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 49.98% |
| NII (Non-Institutional Investor) | 15.01% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.01% |
| Retail | 35.01% |
| Total | 100.00% |
IPO Objectives
- Funding the incremental long-term working capital requirements of the Company (₹65.00 Cr).
- Full or partial repayment or prepayment of certain outstanding borrowings availed by the Company from scheduled commercial banks (₹65.00 Cr).
- General Corporate Purposes.
Strengths
- The company commands a Renowned Heritage Equity, operating under the highly recognizable family brand legacy of 'Rambhajo' to ensure strong market positioning and operational stickiness with premium enterprise clients.
- It runs an Integrated Production Ecosystem, maintaining an organized 6,450 sq. ft. specialized facility that tracks entire workflows internally from 3D printing and alloy design up to final stone setting.
- The business achieves Stellar Core Profitability, generating robust financial operating parameters with an exceptional net PAT margin of 20.55% and an EBITDA margin of 29.63%.
- The issue benefits from a Highly Bullish Gray Market Outlook, with unofficial grey market interest reflecting massive premium demand tracking at an active premium of ₹78, implying an estimated 56.52% listing gain entry level.
- It establishes a Pan-India Distribution Reach, leveraging diversified income tunnels that capture key revenue collections from high-yield retail hubs spanning Maharashtra, Delhi, Gujarat, and Haryana.
Weaknesses
- The firm reflects Stagnant Interim Revenue Growth, as its operational metrics indicate a plateauing top-line sequence with restated 9-month revenues at ₹123.80 Cr moving flat relative to the complete prior fiscal year of ₹124.94 Cr.
- It carries Significant Balance Sheet Leverage, with total borrowing levels reaching ₹64.92 Cr as of late 2025, leaving its pre-issue debt-to-equity ratio standing at a high 1.29.
- The operations demand a Working Capital Intensive Focus, requiring lengthy cash deployment limits due to extended custom creation schedules (25 to 30 days) and steep inventory handling metrics, which necessitates drawing ₹65 Cr from public channels.
Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 164.2 | 140.85 | 67.21 | 29.01 |
| Revenue (₹ Cr.) | 123.8 | 124.94 | 69.45 | 46.6 |
| PAT (₹ Cr.) | 25.44 | 25.37 | 14.71 | 10.39 |
| Net Worth (₹ Cr.) | 83.65 | 58.13 | 32.8 | 18.08 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Advit Jewels Limited | 7.6 | 18.64 | 35.89% | 83.65 |
| Radhika Jeweltech Limited | 1.68 | 8.93 | 18.79% | 323.01 |
| RBZ Jewellers Limited | 9.78 | 1.79 | 18.28% | 245.17 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.11x | 1.56x | 174.98x |
| NII | 23.86x | 121.48x | 536.38x |
| S-HNI | 37.01x | 160.63x | 502.25x |
| B-HNI | 17.31x | 102.06x | 554.12x |
| RII | 11.74x | 35.75x | 95.3x |
| Total | 11.3x | 44.37x | 212.63x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 23,92,600 | 41,86,47,500 | 5,777.34 |
| NII | 17,96,700 | 96,37,11,700 | 13,299.22 |
| Small NII | 5,98,400 | 30,05,43,900 | 4,147.51 |
| Big NII | 11,96,800 | 66,31,67,800 | 9,151.72 |
| RII | 41,90,000 | 39,92,92,200 | 5,510.23 |
| Total | 83,79,300 | 1,78,16,51,400 | 24,586.79 |
Company Details
- Advit Jewels Ltd.
- Flat No. 301, Pearl Premier, Plot No. 4, Jamna Lal Bajaj Marg, C-Scheme, Jaipur, Rajasthan, 302001
- +91 9216035990
- cs@advitjewels.com
- https://www.advitjewels.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
Frequently Asked Questions
What does Advit Jewels do?
What are the IPO dates for Advit Jewels IPO?
What is the price band and minimum investment for Advit Jewels IPO?
What is the Grey Market Premium (GMP) of Advit Jewels IPO today?
Where will Advit Jewels IPO be listed?
Advit Jewels IPO News & Updates
Follow the latest updates for Advit Jewels IPO, including grey market moves and allotment news.
Advit Jewels IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Advit Jewels IPO Details
Issue size, price, financials, and company info
Advit Jewels IPO GMP
Live grey market premium and listing estimate
Advit Jewels IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Advit Jewels IPO Allotment
Allotment date, chances, and check by PAN
Advit Jewels IPO Review
SWOT, strengths, risks, and IPO review
Advit Jewels IPO FAQ
Common questions on dates, GMP, and allotment
Advit Jewels IPO Registrar
Registrar website and how to check allotment
Advit Jewels IPO Timeline
Open, close, allotment, and listing dates
Advit Jewels IPO News
Updates, blogs, and latest IPO news
Sources
We match Advit Jewels IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.