Advit Jewels' ₹165 cr IPO opens at ₹130-138; GMP flags 46% listing pop
Jaipur-based handcrafted kundan/polki specialist Advit Jewels (brand Rambhajo) hits the mainboard June 23-25 with a ₹165 cr issue. Grey market premium of ₹64 implies a 46% listing pop. FY25 revenue ₹125 cr, PAT ₹25 cr. Proceeds fund working capital and debt repayment, joining a wave of regional jewellery listings.
What happened
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) launches ₹165 crore mainboard IPO June 23-25 at ₹130-138 band. GMP signals 46% listing
Key facts
- ₹165 crore IPO
- price band ₹130-138
- GMP ₹64 (46% pop)
- FY25 PAT ₹25 cr
- FY25 revenue ₹125 cr
- 1.19 crore fresh shares
Why this matters
Advit's mainboard debut joins a clustering of regional jewellery IPOs, opening a window for consolidation plays and strategic stakes in kundan/polki specialists before the listing wave saturates.