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Advit IPO

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NSE,BSE 23 June - 25 June 2026
Advit Limited IPO is a book build issue of 165.16 Cr. The issue is entirely a fresh issue of 11968000 shares aggregating to 165.16 Cr. Advit Limited IPO opened for subscription on Jun 23, 2026 and closed on Jun 25, 2026. The allotment for the this IPO is expected to be finalized on Jun 29, 2026. IPO will list on NSE and BSE with a tentative listing date fixed as Jul 01, 2026. Advit Limited IPO is set issue price band at ₹130 to ₹138 per share.

Current 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

  1. Mr. Nitin Gilara
  2. Mr. Prateek Gilara
  3. Mr. Vipul Gilara
  4. 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.

  1. Funding incremental working capital requirements of our Company 
  2. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by Our Company from scheduled commercial banks 
  3. 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

Face Value₹10 per share
Price Band₹ 130 – 138
Lot Size100
Issue TypeBook-building IPO
Sale TypeFresh Capital
Fresh Issue₹ 165.16 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 165.16 Cr
Listing AtNSE,BSE
IndustryDiamond & Jewellery
SectorDiamond & Jewellery
QIB Quota28.55%
BNII Quota14.29%
SNII Quota7.15%
Retail Quota50%

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.