Jaipur-based handcrafted jewellery firm Advit Jewels is preparing to debut on the BSE and NSE on Wednesday. Grey market activity points to a solid opening, with shares trading at a premium of about Rs 50, or roughly 36 percent above the upper price band of Rs 138. This suggests a possible listing near Rs 188, though such premiums remain unofficial indicators.
The Rs 165.16 crore issue, consisting solely of a fresh issuance of 1.20 crore shares, drew heavy interest and was subscribed 212.63 times overall. Non-institutional investors oversubscribed their portion 536.38 times, qualified institutions 174.98 times, and retail bidders 95.30 times.
Proceeds will support operations and reduce leverage. About Rs 65 crore is allocated to working capital needs, another Rs 65 crore to debt repayment, and the balance to general corporate uses.
The company, operating under the Rambhajo brand, produces traditional and modern designs in gold with diamonds and gemstones. It runs a fully integrated 6,450-square-foot plant in Jaipur and sells mainly through business channels while offering select custom pieces.
For the nine months to December 2025, revenue reached Rs 123.79 crore and net profit Rs 25.44 crore. Attention now turns to the listing performance given the strong subscription and market sentiment.
