IPO timeline and key details
Advit Jewels IPO opened on June 23, 2026 and will close on June 25, 2026. The basis of allotment is expected on June 29, 2026, while listing on the NSE SME platform is scheduled for July 1, 2026.

Grey market premium and sentiment
The IPO is commanding a grey market premium of around 40%, indicating strong listing expectations. At the upper price band of Rs 138, the estimated listing price stands around Rs 193, though GMP remains an unofficial indicator.

Subscription status
By Day 2 so far, the issue was subscribed to nearly 20 times overall, driven by strong participation from non-institutional investors. Retail demand also remained healthy, while QIB participation continued to be relatively moderate.

About the company
Advit Jewels is a Jaipur-based handcrafted jewellery brand operating under the Rambhajo label. It specialises in Kundan, Polki, diamond and gemstone jewellery, serving mainly B2B clients alongside customised B2C offerings. The company operates a fully integrated manufacturing facility with in-house design, casting and finishing capabilities.

Should you subscribe?
Brokerages have assigned a “Subscribe” rating, citing strong revenue growth, improving profitability and healthy margins. While valuations appear slightly above peers’, the company’s expansion plans, debt reduction strategy and positive cash flows support the outlook. Key risks include gold price volatility and customer concentration.