Advit Jewels opens Rs 130-138 IPO June 23, eyes Rs 130 crore for working capital and debt

Advit Jewels' three-day public issue runs June 23-25, 2026, offering ~1.2 crore fresh shares in a 100-share lot. The jewellery retailer earmarks Rs 65 crore each for working capital and debt repayment, with Holani Consultants leading and Bigshare as registrar. Allocation: QIB <=50%, NII >=15%, retail >=35%.

— Source publishedWed, 17 Jun, 2026, 23:27 IST·First seen Thu, 18 Jun, 2026, 00:01 IST·Source Financial Express · BrandWagon

What happened

Advit Jewels opens its IPO June 23-25, 2026 at a Rs 130-138 price band, issuing ~1.2 crore fresh shares. Proceeds fund working capital, debt repayment, and

Key facts

  • IPO June 23-25, 2026
  • Price band Rs 130-138
  • Face value Rs 10
  • Min lot 100 shares
  • Fresh issue 1,19,68,000 shares
  • Rs 65 crore working capital
  • Rs 65 crore debt repayment
  • QIB <=50%
  • NII >=15%
  • Retail >=35%

Why this matters

A debt-laden regional jeweller raising fresh equity at sub-Rs 150 crore valuation could surface as a consolidation target for larger branded chains within 18-24 months.