Rambhajo parent Advit Jewels debuts July 1 after Rs 165 crore IPO
Jewellery brand Rambhajo's parent Advit Jewels lists on July 1 following a Rs 165 crore IPO priced at Rs 130-138 with a 100-share lot. Cordelia Cruises operator Waterway Leisure Tourism also debuts after raising Rs 565 crore at a Rs 769-808 band, marking two consumer-facing listings.
What happened
Jewellery brand Rambhajo parent Advit Jewels debuts on markets July 1 after Rs 165 crore IPO; Cordelia Cruises parent Waterway Leisure Tourism also lists after
Key facts
- Rs 165 crore IPO
- price band Rs 130-138
- lot size 100 shares
- Waterway Rs 565 crore
- price band Rs 769-808
Why this matters
Advit Jewels' successful Rs 165 crore raise validates public-market appetite for branded jewellery, opening comps and partnership or consolidation angles in the mid-cap retail space.
What to watch
- Listing-day opening price versus Rs 130-138 band
- Anchor investor lock-in expiry and post-listing volume
- Gold price trajectory affecting jewellery margins and demand
- Broader primary-market pipeline crowding retail liquidity
- Track subscription data across QIB/NII/retail categories on final IPO day
- Monitor gray market premium ahead of July 1 listing
- Compare valuation multiples against listed jewellery peers (Titan, Kalyan, Senco)
- Watch Waterway Leisure debut as a sentiment read on consumer-facing IPO appetite