Advit Jewels opens Rs 165 cr IPO at Rs 130-138 band, eyes bridal Polki/Kundan dominance
Jaipur-based luxury jeweller behind Rambhajo's launches three-day IPO June 23-25, pricing at 25.1x FY25 P/E for a Rs 632 cr market cap. Fresh issue of 1.2 cr shares funds expansion in Polki/Kundan/Jadau bridal segment. Anand Rathi flags aggressive valuation and 199-day inventory cycle but recommends long-term subscribe.
What happened
Jaipur-based luxury jewellery maker Advit Jewels (Rambhajo's brand) opens Rs 165 crore IPO June 23-25 at Rs 130-138 band, focused on Polki/Kundan/Jadau bridal
Key facts
- Rs 165.16 crore issue
- price band Rs 130-138
- 1.2 crore fresh shares
- P/E 25.1x FY25
- market cap Rs 632 crore
- inventory days 199 in FY25
Why this matters
Advit's Rs 165 cr raise signals consolidation pressure in regional bridal jewellery; watch for tuck-in targets or partnership openings in Jaipur's Polki/Jadau ecosystem.