Rambhajo-Owner Advit Jewels Opens Rs 165 Cr IPO June 23; GMP Signals 47% Listing Pop
Jaipur-based handcrafted jewellery maker Advit Jewels — whose Rambhajo brand has been worn by Deepika Padukone and Kangana Ranaut — opens its Rs 165.16 crore IPO on June 23 at a Rs 130-138 price band. Grey market premium of Rs 65 implies a 47% listing gain. FY25 revenue jumped 80% YoY to Rs 124.94 crore; PAT rose 72% to Rs 25.37 crore.
What happened
Advit Jewels (Rambhajo) · Jaipur-based handcrafted jewellery maker Advit Jewels, owner of Rambhajo brand (worn by Deepika, Kangana), opens Rs 165 crore IPO June
Key facts
- Rs 165.16 crore issue
- price band Rs 130-138
- GMP Rs 65 (47.10% premium)
- FY25 revenue Rs 124.94 cr (+79.9% YoY)
- FY25 PAT Rs 25.37 cr (+72.47% YoY)
- lot size 100 shares
- min retail Rs 13,800
Why this matters
Advit's listing creates a public comparable for celebrity-endorsed regional jewellery houses and signals a window for Jaipur-based handcrafted peers to pursue capital raises or strategic tie-ups.