Advit Jewels' Rs 160 Cr IPO Books 44x; GMP Signals Strong Debut
Jaipur-based jewellery brand Advit Jewels (Rambhajo label) closed its mainboard IPO subscribed 44.16x with a GMP of Rs 52 over the Rs 130-138 price band. FY25 revenue rose 79.9% to Rs 124.94 cr, PAT up 72.47% to Rs 25.37 cr. Lists on BSE/NSE July 1.
What happened
Jaipur-based jewellery brand Advit Jewels (Rambhajo label) closes its Rs 160-crore mainboard IPO with 44x subscription and strong GMP. Listing on BSE/NSE July
Key facts
- Rs 160 crore IPO
- 44.16x subscription
- GMP Rs 52
- price band Rs 130-138
- FY25 revenue Rs 124.94 cr
- FY25 PAT Rs 25.37 cr
- revenue +79.9% YoY
- PAT +72.47% YoY
Why this matters
Advit's successful Rs 160 Cr raise reprices regional jewellery M&A benchmarks and opens a window for similar Tier-2 ethnic brands to pursue public exits or strategic partnerships.
What to watch
- GMP movement June 28-30 (sustain >Rs 50 = strong debut confirmed)
- Anchor investor list quality and 30/90-day lock-in expiry
- Gold price trajectory and festive demand signals into Q2FY26
- QIB vs Retail vs NII subscription mix in final tally
- Promoter holding post-issue and OFS component
- Track allotment finalization and grey market premium drift in 48hrs pre-listing
- Map peer jewellery SME/mainboard listings (PN Gadgil, Senco) for listing-day behavior templates
- Flag to retail desk: regional jewellery brand IPO appetite remains hot despite gold price volatility