Advit Jewels launches ₹165 cr IPO to fund B2C pivot, UK-US entry

Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) opens its ₹165 crore IPO June 23 at a ₹130-138 price band. Currently 80% B2B, the company plans to expand showrooms, enter UK and US markets, and grow its consumer-facing business. 9M FY25 revenue stood at ₹123.79 crore with ₹25.44 crore net profit.

— Source publishedThu, 18 Jun, 2026, 21:25 IST·First seen Thu, 18 Jun, 2026, 21:33 IST·Source The Hindu BusinessLine

What happened

Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) launches ₹165 crore IPO June 23 to fund debt repayment, working capital and showroom

Key facts

  • ₹165 crore IPO
  • price band ₹130-₹138
  • 1.19 crore shares
  • 80% B2B
  • ₹65 crore working capital
  • ₹65 crore debt repayment
  • 9M FY25 revenue ₹123.79 crore
  • net profit ₹25.44 crore

Why this matters

Rambhajo's UK-US entry plus showroom build-out opens a window for diaspora-focused retail partnerships, white-label supply deals, or minority strategic stakes from larger Indian jewellery houses eyeing premium handcrafted positioning.