Advit Jewels' ₹165 Cr IPO Opens June 23 With 47% Grey Market Premium
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) launches ₹165 crore mainboard IPO at ₹130-138 band. GMP signals ₹65 listing pop. Issue closes June 25, lists July 1 on BSE/NSE. FY25 profit at ₹25.37 crore; proceeds fund working capital and debt repayment.
What happened
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) opens ₹165 crore mainboard IPO June 23-25 at ₹130-138 price band. Grey market signals
Key facts
- ₹165 crore issue size
- Price band ₹130-138
- GMP ₹65 (~47% premium)
- 1.20 crore fresh shares
- FY25 profit ₹25.37 crore
- Lot size 100 shares
Why this matters
Rambhajo's public debut creates a listed comp for handcrafted jewellery valuations and opens a strategic window to scout regional ateliers or branded-craft assets while sector multiples are buoyed by IPO sentiment.