Advit Jewels to roll out 30 Rambhajo showrooms in 3 years on IPO fuel
Jaipur-based Advit Jewels' Rs 165 crore IPO (June 23-25) will bankroll a 30-store Rambhajo franchise rollout across India over three years, with a flagship in Jaipur by Oct-Nov targeting millennial and Gen Z light-jewellery buyers. 9M revenue stood at Rs 123.79 crore with PAT of Rs 25.44 crore.
What happened
Advit Jewels' Rs 165 crore IPO (June 23-25) will fund 30 Rambhajo-branded jewellery showrooms across India over three years via franchise model, starting Jaipur
Key facts
- 30 showrooms
- Rs 165.15 crore IPO
- Rs 130-138 price band
- 1.19 crore shares
- Rs 65 crore debt repayment
- Rs 65 crore working capital
- 70% promoter stake
- Rs 123.79 crore 9M revenue
- Rs 25.44 crore 9M PAT
Why this matters
Advit's IPO-funded franchise blitz signals consolidation pressure in regional jewellery, opening partnership or roll-up windows with smaller Tier-2/3 players before Rambhajo locks up high-street footprints.