Advit Jewels Shares List at 36.88% Premium After Strong IPO Demand

Mumbai | 1 July 2026 

Advit Jewels made a strong stock market debut on Wednesday, with shares listing at ₹188.90 apiece on the NSE, a premium of 36.88% over the issue price of ₹138. On the BSE, the stock debuted at ₹187, up 35.51% from the offer price. 

How Did Advit Jewels Shares Perform on Listing? 

The listing outperformed expectations built up in the grey market. The stock’s GMP stood at ₹49.50 per share ahead of listing, which had indicated a likely listing price of ₹187.50, a premium of 35.87% to the issue price. The actual listing came in above this indicative level on the NSE. 

How Was the Advit Jewels IPO Subscribed? 

The issue witnessed heavy investor demand, getting subscribed 212.63 times overall. The non-institutional investor (NII) portion led demand, booked 536.38 times. The qualified institutional buyers (QIB) segment was subscribed 174.98 times, while the retail individual investor (RII) category was booked 95.30 times. 

What Were the Key IPO Details? 

The IPO comprised a fresh issue of 1.20 crore equity shares, with no offer-for-sale component. One lot comprised 100 shares, and at the upper end of the price band, the minimum investment for retail investors was ₹13,800. 

Under the issue structure, 50% of the net issue was reserved for QIBs, 35% for RIIs, and the remaining 15% for NIIs. 

The company had proposed to use net proceeds primarily to fund business operations and strengthen its balance sheet. Of the total proceeds, ₹65 crore was earmarked for incremental working capital requirements, and another ₹65 crore for repayment or prepayment of outstanding borrowings from scheduled commercial banks. The remaining funds were allocated to general corporate purposes. 

Holani Consultants Pvt. Ltd. was the book-running lead manager to the issue, and Bigshare Services Pvt. Ltd. was appointed registrar. 

About Advit Jewels 

Incorporated in 2019, Advit Jewels is a Jaipur-based jewellery manufacturer specialising in handcrafted fine jewellery under the “Rambhajo” brand. The company is known for its expertise in Kundan, Polki, diamond and studded jewellery, combining traditional craftsmanship with contemporary designs. 

Its product portfolio includes necklaces, earrings, rings, bangles and customised jewellery, crafted in 14K and 18K gold and embellished with diamonds and coloured gemstones. The company primarily operates on a business-to-business model, supplying dealers, showrooms and retailers across India, while also catering to business-to-consumer customers through exclusive, made-to-order jewellery. 

Outlook 

The strong subscription numbers, particularly in the non-institutional category, and the listing-day premium point to healthy investor appetite for the issue. No further guidance on post-listing performance has been provided in the source material. 

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