Advit IPO
Open MainLineCurrent GMP
₹49 (+35.51%)
Price Band
₹ 130 – 138
Lot Size
100
Issue Size
₹165.16 Cr
Minimum Investment
₹13800 (100 Shares)
Listing Date
01 July 2026
Subscription
212.63x
About the Company
Established in 2019, Advit Jewels Limited is a Jaipur-based manufacturer of handcrafted fine jewellery marketed under the renowned "Rambhajo" brand. The company specializes in traditional and contemporary jewellery designs, particularly Kundan, Polki, Diamond, and Studded Jewellery, blending generations-old craftsmanship with modern aesthetics.
Rambhajo's legacy dates back to 1921, when Late Shri Kishan Gilara laid the foundation of the jewellery business. Today, the company continues this century-old tradition through a professionally managed corporate structure.
The company's product portfolio includes necklaces, earrings, rings, bangles, and customized jewellery, primarily crafted in 14K and 18K gold using diamonds and coloured gemstones. While its core business follows a B2B model, supplying dealers, showrooms, and retailers across India, it also caters to B2C customers through exclusive made-to-order jewellery. In FY25, 81.63% of revenue came from B2B operations, while 18.37% was generated from B2C sales.
Advit Jewels operates a 6,450 sq. ft. integrated manufacturing facility in Jaipur, equipped with advanced technologies such as 3D printers, casting units, and polishing machines. The facility enables complete in-house production—from gold melting and design development to stone setting, polishing, and quality inspection—ensuring superior quality control, security, and operational efficiency. Customized and premium orders are generally completed within 25–30 days.
The company maintains stringent quality standards through a dedicated quality control team that examines every product for design accuracy, purity, finish, and dimensions before dispatch.
With a strong presence across India, Advit Jewels generates revenue from multiple states, including Maharashtra, Gujarat, Rajasthan, Delhi, Haryana, Punjab, West Bengal, Uttar Pradesh, and Telangana.
* Competitive Strengths
- Strong heritage and trusted "Rambhajo" brand legacy
- Integrated manufacturing operations under one roof
- Diverse product portfolio across customer segments
- Skilled artisan workforce with generations of expertise
- Robust quality control and operational systems
- Experienced management team with strong execution capabilities
- Significant growth potential supported by available production capacity
As of September 2025, the company employed 94 professionals and continues to focus on expanding its market presence while preserving its legacy of craftsmanship and excellence.
Promoters
- Mr. Nitin Gilara
- Mr. Prateek Gilara
- Mr. Vipul Gilara
- Mr. Krishna Vardhan Gilara
Promoters Holding
Holding Pre Issue
94.59%
Holding Post Issue
69.88%
Objects of the Issue
The Company Advit Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirements of our Company
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks
- General corporate purposes
Address / Contact Info
Advit Jewels Limited
Flat No. 301, Pearl Premier,
Plot No. 4, Jamna Lal Bajaj Marg
C-Scheme, Jaipur, Rajasthan, 302001
Phone: +91 9216035990
Email: cs@advitjewels.com
Website: http://www.rambhajo.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 June 2026
IPO Close Date
Thursday, 25 June 2026
Basis of Allotment
Monday, 29 June 2026
Initiation of Refunds
Tuesday, 30 June 2026
Credit of Shares to Demat
Tuesday, 30 June 2026
Listing Date
Wednesday, 01 July 2026 — NSE & BSE
Important Dates
Open Date
23 June 2026
Close Date
25 June 2026
Basis Of Allotment
29 June 2026
Listing Date
01 July 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 164.2 | 140.85 | 67.21 | 29.01 |
| Revenue | 123.8 | 124.94 | 69.45 | 46.6 |
| Profit After Tax | 25.44 | 25.37 | 14.71 | 10.39 |
| Net Worth | 83.65 | 58.13 | 32.8 | 18.08 |
| Reserve & Surplus | 51.64 | 58.12 | 32.79 | 18.07 |
| Total Borrowings | 64.92 | 74.8 | 19.7 | 5.84 |
EPS Pre
7.50%
EPS Post
7.41%
P/E Pre
18.41
P/E (Post Issue)
18.64x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 35.89 | 55.79 | 57.82 | 80.51 |
| ROCE % | 24.09 | 27.48 | 35.41 | 53.02 |
| Debt / Equity | 0 | 1.29 | 0.6 | 0.32 |
| RoNW % | 30.41 | 43.64 | 44.84 | 57.47 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 20.55 | 20.3 | 21.18 | 22.29 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 2392600 | 28.55 | 0 |
| Non-Institutional | 1796700 | 21.44 | 0 |
| BNII | 1197800 | 14.29 | 0 |
| SNII | 598900 | 7.15 | 0 |
| Retail Investors | 4190000 | 50 | 0 |
| Total | 8379300 | 100 | 0 |
Subscription Status ( Thu, 25 Jun 26 01:44 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2392600 | 418647500 | 174.98x |
| Non-Institutional | 1796700 | 963711700 | 536.38x |
| BNII | 1197800 | 663167800 | 553.65x |
| SNII | 598900 | 300543900 | 501.83x |
| Retail Investors | 4190000 | 399292800 | 95.3x |
| Total | 8379300 | 1781652000 | 212.63x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Advit Jewels Ltd | 10 | 0.00 | 7.92 | 7.92 | 43.64 | 18.16 |
| Bluestone Jewellery and Lifestyle Ltd | 1 | 0.00 | -78.86 | -78.86 | -24.00 | 363.96 |
| RBZ Jewellers Ltd | 10 | 12.86 | 9.70 | 9.70 | 15.83 | 61.26 |
| Radhika Jeweltech Ltd | 2 | 11.10 | 5.09 | 5.09 | 18.63 | 27.34 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 13,800.00 |
| Retail (Max) | 14 | 1,400 | 193,200.00 |
| S-HNI (Min) | 15 | 1,500 | 207,000.00 |
| S-HNI (Max) | 72 | 7,200 | 993,600.00 |
| B-HNI (Min) | 73 | 7,300 | 1,007,400.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Holani Consultants Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Advit IPO is a Book-building IPO worth ₹165.16 crores. The price band is ₹130 to 138 per share. The IPO opens on Tue, Jun 23, 2026 and closes on Thu, Jun 25, 2026. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Advit IPO opens on Tue, Jun 23, 2026 and closes on Thu, Jun 25, 2026
Advit IPO Price Band is ₹130 to 138.
Advit IPO lot size is 100, and the minimum amount required for application is ₹13800.
The minimum investment for Advit IPO is approximately ₹13800 based on the upper price band.
To apply for the Advit IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jun 25, 2026. After submission, funds are blocked until the basis of allotment of Advit IPO is finalised.
Advit IPO issue size is ₹165.16 crores.
Advit IPO allotment date is Sat, Jun 27, 2026.
The registrar for Advit IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Advit IPO through their official website or helpline.
The Advit IPO GMP (Grey Market Premium) is ₹49 as of Sat, Jun 27, 2026. Based on the upper price band of ₹138 per share, the estimated Advit IPO listing price is ₹187, indicating a potential listing gain of approximately 31% over the issue price.