The Advit Jewels IPO subscription reached 2.68 times overall by 11:20 AM on Day 1, Tuesday, 23 June 2026, according to live bidding data on IPO Guru. The demand came mainly from non-institutional investors (NII) at 5.05 times and retail investors at 3.2 times. The qualified institutional buyer (QIB) book was yet to fill, which is usual this early in the bidding window.
The ₹165.16 crore mainboard issue from the Jaipur-based jewellery maker opened today and stays open till Thursday, 25 June 2026.
Key Facts Box
| Item | Detail |
|---|---|
| Issue size | ₹165.16 crore (entirely fresh issue) |
| Price band | ₹130–₹138 per share |
| Lot size | 100 shares (₹13,800 at upper band) |
| Issue open / close | 23 June – 25 June 2026 |
| Allotment date | 29 June 2026 |
| Listing date | 1 July 2026 (BSE, NSE) |
| BRLM | Holani Consultants Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Anchor raised | ~₹49.52 crore (allotted 20 June 2026) |
Issue structure per the RHP; subscription figures as of 11:20 AM IST, 23 June 2026, on IPO Guru's live bidding widget.
Advit Jewels IPO subscription: category-wise demand on Day 1
The category split shows where the bids are coming from. Total bids worth ₹310.30 crore had come in against the net offer of 83,79,300 shares (the portion left after the anchor allocation).
| Category | Shares offered | Shares applied | Subscription |
|---|---|---|---|
| QIB (ex-anchor) | 23,92,600 | 8,800 | ~0.00x |
| NII | 17,96,700 | 90,75,900 | 5.05x |
| — Big NII (>₹10L) | 11,97,800 | 42,66,300 | 3.56x |
| — Small NII (<₹10L) | 5,98,900 | 48,09,600 | 8.03x |
| Retail | 41,90,000 | 1,34,01,100 | 3.20x |
| Total | 83,79,300 | 2,24,85,800 | 2.68x |
Within the NII book, the small NII portion ran ahead at 8.03 times. The QIB category had drawn near-nil bids by 11:20 AM, with just 8,800 shares applied. Institutional buyers typically bid on the final day, so this is not a surprise on Day 1 morning. Readers tracking the figures through the day can follow the live subscription status on IPO Guru.
GMP and broker view
In the grey market, Advit Jewels traded at a premium of about ₹64 on 22 June 2026, roughly 46% over the ₹138 upper band, per grey-market trackers. The figure is unofficial, unregulated by SEBI, and shifts daily. Latest readings are on our grey market premium tracker.
Brokerages SMIFS and Marwadi Financial Services have both assigned a "Subscribe" rating to the issue, according to a Business Standard report dated 22 June 2026. SMIFS said the company is well placed to tap rising demand for premium handcrafted jewellery, pointing to its in-house manufacturing, a catalogue of over 2,000 designs, and a pan-India customer base.
On the financial side, Advit Jewels reported revenue of ₹124.94 crore in FY25 against ₹69.45 crore in FY24, with profit after tax (PAT) of ₹25.37 crore versus ₹14.71 crore a year earlier, as disclosed in the RHP.
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