The Advit Jewels IPO is currently one of the hottest public issues in the market. On the second day of bidding, the issue recorded massive investor interest, with the IPO getting oversubscribed more than 39 times overall, due to overwhelming demand from both NII & retail investors.

Moreover, the Advit Jewels ipo gmp is also indicating the possibility of strong listing gains when the shares debut on the stock exchanges next month.

Advit Jewels IPO Subscription Status

As of 3:29 PM on June 24 (Day 2), the Advit Jewels IPO subscription status stood at an impressive 39.06 times overall.

The retail investor portion was subscribed 32.38 times and the Non-Institutional Investor (NII) category saw exceptional demand, getting subscribed 104.80 times, while the Qualified Institutional Buyers (QIB) segment was subscribed 1.38 times, excluding anchor investors.

Advit Jewels IPO GMP Today

The Advit Jewels IPO GMP today stood at Rs 55 per share, according to the latest grey market data available as of June 24.

With the IPO priced in the range of Rs 130 to Rs 138 per share, the current GMP suggests an estimated listing price of around Rs 193 per share.

Based on the upper price band of Rs 138, this translates into a potential listing gain of nearly 39.86%. However, investors should note that GMP is an unofficial market indicator and can fluctuate before listing.

Advit Jewels IPO Details

The Advit Jewels IPO is a Rs 165.16 crore book-built issue comprising entirely a fresh issue of 1.20 crore equity shares.
The IPO opened for subscription on June 23rd, and will close on June 25th.

The issue has been priced in the band of Rs 130 to Rs 138 per share. Investors need to apply for a minimum of 100 shares, requiring an investment of Rs 13,800 at the upper end of the price band.

Should You Bid For Advit Jewels IPO?

Brokerage firm Canara Bank Securities has assigned a ‘Subscribe’ rating to the issue, citing the company’s strong brand legacy, healthy financial performance in the premium jewellery segment.

According to the brokerage, “Advit Jewels benefits from its association with the century-old Rambhajo legacy and operates in the specialized handcrafted Kundan and Polki jewellery market. The company has delivered strong revenue growth and maintained EBITDA margins of around 30%, supported by its premium positioning in the high-end wedding and bridal jewellery segment.”

Another positive factor is the planned use of IPO proceeds to reduce debt and strengthen working capital, which is expected to improve the company’s financials

Allotment And Listing Date

Investors who apply for the IPO can expect the Advit Jewels IPO allotment status to be finalized on June 29, 2026. Successful applicants will receive shares ahead of the tentative July 1 listing date on the NSE and BSE.

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