Advit Jewels opens ₹165 cr IPO at ₹130-138, GMP signals 46% listing pop
Jaipur-based Kundan/Polki/Diamond B2B manufacturer Advit Jewels (Rambhajo brand) opens its ₹165.16 crore fresh issue June 23 with a ₹130-138 band and 100-share lot. Anchor book closed at ₹49.52 crore; grey market premium runs 45.65% ahead of BSE/NSE listing July 1, 2026.
What happened
Jaipur-based jewellery maker Advit Jewels (Rambhajo brand) opens ₹165.16 crore IPO on June 23, 2026 at ₹130-138 price band. Grey market premium runs 45.65%. B2B
Key facts
- ₹165.16 crore fresh issue
- price band ₹130-138
- lot size 100 shares
- GMP 45.65%
- ₹49.52 crore anchor
- 12 million shares
- listing July 1 2026
Why this matters
Advit's listing creates a publicly-benchmarked acquisition target in the fragmented B2B bridal jewellery segment, potentially accelerating consolidation pressure on unlisted Jaipur and Surat manufacturers.