Advit Jewels opens ₹165-cr IPO at ₹130-138 band; anchors commit ₹49.5 cr
Jaipur-based handcrafted Polki/Kundan bridal jeweller (Rambhajo's heritage brand) launches fresh-issue IPO priced at 25.1x FY25 P/E. Anchor book locked in ₹49.52 cr ahead of opening. Proceeds earmarked for working capital and debt repayment; revenue compounded 63.7% over FY23-25.
What happened
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo's heritage brand) opens ₹165-cr fresh-issue IPO at ₹130-138 band; raised ₹49.5 cr from anchors.
Key facts
- ₹165.20 crore IPO
- price band ₹130-138
- ₹49.52 crore anchor
- 1,19,68,000 fresh shares
- P/E 25.1x FY25
- EV/EBITDA 18.9x
- post-issue m-cap ₹6,320 million
- Revenue CAGR 63.7% FY23-25
Why this matters
A fresh-issue IPO from a Jaipur handcrafted bridal specialist signals consolidation runway in regional heritage jewellery, opening partnership or roll-up conversations with sub-scale Polki/Kundan ateliers.