Jaipur's Advit Jewels (Rambhajo) opens Rs 165 cr IPO June 23 at Rs 130-138, GMP signals 68% pop
Handcrafted Polki/Kundan B2B maker Advit Jewels prices its all-fresh Rs 165.16 cr issue at Rs 130-138, with grey market premium of Rs 90-95 pointing to a 65-68% listing gain on July 1. Proceeds split evenly between Rs 65 cr working capital and Rs 65 cr debt repay; FY25 PAT Rs 25.4 cr on revenue Rs 125 cr.
What happened
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) opens Rs 165 crore fresh-issue IPO June 23-25 at Rs 130-138 band; B2B Polki/Kundan player
Key facts
- price band Rs 130-138
- issue size Rs 165.16 crore
- 1,19,68,000 fresh shares
- Rs 65 crore working capital
- Rs 65 crore debt repayment
- GMP Rs 90-95
- FY25 PAT Rs 25.37 crore
- FY25 revenue Rs 124.94 crore
- m-cap ~Rs 630 crore
- listing July 1
Why this matters
Advit's debut at ~Rs 630 cr m-cap sets a fresh public benchmark for handcrafted Polki/Kundan B2B players, reshaping valuation anchors for any acquisition or partnership talks in the artisan jewellery segment.