Advit Jewels IPO
Advit Jewels IPO — date, price band, GMP & allotment 2026
Advit Jewels IPO is scheduled to open for subscription from 23 June 2026 to 25 June 2026. Incorporated in 2019, the Jaipur-based company is engaged in manufacturing and selling handcrafted fine jewellery, with a strong focus on Kundan, Polki, Diamond and Studded jewellery under its well-known “Rambhajo Since 1921” brand. The company follows an integrated business model covering jewellery design, manufacturing and sales, catering primarily to bridal and premium jewellery segments across India.
Stock price
Advit Jewels is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 23 Jun 2026
- Close 25 Jun 2026
- Allotment 29 Jun 2026
- Refund/credit 30 Jun 2026
- Listing 01 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Jun, 2026 |
|---|---|
| Price Band | ₹130 – ₹138 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹165.16 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 13,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹138 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹13,800 |
| Retail (max) | 14 | 1,400 | ₹1,93,200 |
| S-HNI (min) | 15 | 1,500 | ₹2,07,000 |
| S-HNI (max) | 72 | 7,200 | ₹9,93,600 |
| B-HNI (min) | 73 | 7,300 | ₹10,07,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong Heritage Brand – The company benefits from the long-standing "Rambhajo Since 1921" legacy, which enhances brand recognition and customer trust in the jewellery market.
- 02Specialized Product Portfolio – Focus on premium Kundan, Polki, Diamond, and Gemstone jewellery helps the company cater to the high-value bridal and luxury jewellery segments.
- 03Integrated Business Model – In-house design, manufacturing, and distribution capabilities provide better quality control and operational efficiency.
- 04Experienced Promoters – The promoters have significant industry experience and established relationships with customers, suppliers, and artisans.
- 05Growing Demand for Organized Jewellery Brands – Increasing consumer preference for branded and certified jewellery creates growth opportunities for the company.
Risks · 5
- 01Dependence on Gold and Precious Stone Prices – Volatility in gold, diamond, and gemstone prices can impact margins and profitability.
- 02Highly Competitive Industry – The company faces competition from large organized jewellery brands as well as numerous regional and local jewellers.
- 03Concentration in Premium Segment – A slowdown in demand for luxury and bridal jewellery may adversely affect sales.
- 04Regulatory and Compliance Risks – Changes in taxation, hallmarking norms, import duties, or jewellery industry regulations could impact operations.
- 05Working Capital Intensive Business – Jewellery manufacturing and inventory management require substantial working capital, which may put pressure on cash flows.
Three years of numbers
All figures in ₹ crore, as reported in the Advit Jewels offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 123.80 | 124.94 | 69.45 |
| EBITDA | 36.68 | 37.15 | 18.95 |
| Net Profit | 25.44 | 25.37 | 14.71 |
| Debt | 64.92 | 74.80 | 19.70 |
| Assets | 164.20 | 140.85 | 67.21 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Advit Jewels RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Advit Jewels IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹7.50 | ₹7.41 |
| P/E Ratio (x) | 18.41 | 18.64 |
| Market Cap at Offer Price (₹ Cr) | ₹467.00 | ₹822.11 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹138 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹130.00 Cr of the issue is earmarked to named objects.
About the company
The company is promoted by members of the Rambhajo family, who have extensive experience in the jewellery industry. Advit Jewels follows an integrated business model, managing the entire value chain from product design and sourcing of raw materials to manufacturing and distribution. This approach helps the company maintain quality standards, preserve traditional craftsmanship, and meet evolving customer preferences. Its products are sold through a combination of wholesale channels, retail networks, and direct customer relationships, with a strong presence in key jewellery markets across the country.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
91 9216035990
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Holani Consultants Private Limited
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -10.1%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Advit Jewels?
The current Grey Market Premium is ₹49.5, or 35.9% over the issue price.
What is the Advit Jewels IPO price band?
₹130 to ₹138, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 June 2026, with listing on 1 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
