Advit Jewels IPO Opens June 23: Price Band, GMP and Key Details

Mumbai | June 22, 2026 

Advit Jewels, a Jaipur-based manufacturer of handcrafted fine jewellery, will open its mainboard initial public offering for subscription on Tuesday, 23 June, and close on Thursday, 25 June. The issue is entirely a fresh issuance of 1,19,68,000 equity shares, aimed at raising ₹165.16 crore. 

What Is the Price Band and Lot Size? 

The price band for the issue has been fixed at ₹130 to ₹138 per share. The lot size is 100 shares. At the upper end of the price band, the minimum investment for retail investors works out to ₹13,800 for one lot. The maximum lot size for retail investors is 14 lots, amounting to ₹1,93,200. 

Of the net issue, approximately 50% is reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 35% for retail investors. 

What Is the Grey Market Premium Today? 

According to grey market sources, Advit Jewels’ IPO was commanding a grey market premium of ₹65 on Monday morning, ahead of the issue opening. This indicates the stock could list at a 47% premium over the upper price band on the NSE and the BSE. 

Grey market premium figures are sourced from unregulated grey market dealers and are indicative only. Investors should exercise independent judgement. 

When Will Allotment and Listing Happen? 

The IPO closes on Thursday, 25 June. As the stock market remains shut on Friday, 26 June, for Muharram, the allotment of shares is expected to be finalised on the next business day, Monday, 29 June. Successful bidders will receive shares on Tuesday, 30 June, and those who do not receive allotment will get refunds the same day. Advit Jewels shares are scheduled to list on the BSE and the NSE on Wednesday, 1 July. 

Holani Consultants is the book-running lead manager for the issue, and Bigshare Services is the registrar. 

What Does Advit Jewels Do, and What Are the Financials? 

Advit Jewels manufactures handmade jewellery using traditional craftsmanship methods combined with modern design elements at its facility in Jaipur. The company sells to business clients such as dealers, showrooms and jewellery retailers, as well as to retail customers, for whom pieces are made to order under the brand name Rambhajo. 

The company’s net proceeds from the issue will be used to fund working capital requirements, repay certain borrowings, and for general corporate purposes. 

Advit Jewels reported a profit of ₹10.39 crore in FY23, ₹14.71 crore in FY24, and ₹25.37 crore in FY25. For the nine months ended 31 December 2025 in FY26, the company posted a profit of ₹25.44 crore. Total assets as of 31 December 2025 stood at ₹164 crore. 

Outlook 

With subscription opening tomorrow, the issue’s reception across institutional, non-institutional and retail categories over the coming three days will be the next marker to watch ahead of listing on 1 July. 

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