Advit Jewels trims IPO to 1.19 crore shares, opens June 23
Jaipur-based handcrafted jewellery maker Advit Jewels, owner of the Rambhajo brand specialising in Kundan, Polki and diamond pieces, launches a downsized fresh-issue IPO June 23-25 with anchor allocation June 22. Proceeds earmarked for Rs 65 crore working capital and Rs 65 crore debt repayment.
What happened
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo, specialising in Kundan, Polki and diamond pieces) opens a reduced fresh-issue IPO of 1.19
Key facts
- 1.19 crore shares
- Rs 65 crore working capital
- Rs 65 crore debt repayment
- June 23 open
- June 25 close
- June 22 anchor
Why this matters
Advit's smaller raise and Rambhajo brand focus on heritage handcrafted segments make it a watch-list candidate for strategic tie-ups or roll-ups in India's fragmented bridal jewellery market.