Advit Jewels was incorporated on October 29, 2019. The company manufactures and sells traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, Diamond, and Studded pieces. Its brand, “Rambhajo,” traces back to a jewellery business founded in 1921 in Jaipur by Late Shri Kishan Gilara, evolving into a respected name in manufacturing and retail
| Bidding Dates |
|---|
| 23 Jun 2026 - 25 Jun 2026 |
| Subscription |
|---|
| 212.63x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,000 | 1 | 14 | 100 | 12.0 M | ₹130 - ₹138 | 69.88 % | ₹1555.8 M - ₹1651.6 M | RHP DOC |
Advit Jewels IPO SUBSCRIPTION STATUS
25 Jun '26Advit Jewels IPO overall subscription rate was 212.63 times the total available shares
Advit Jewels IPO retail subscription rate was 95.3 times in the retail segment
Advit Jewels IPO non-institutional investor subscription rate was 536.38 times in the non-institutional investor category
Advit Jewels IPO Qualified Institutional Bidder subscription rate was 174.98 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Jun 2026 (Day 3) | 95.3x | 536.38x | 174.98x |
24 Jun 2026 (Day 2) | 35.46x | 121.16x | 1.56x |
23 Jun 2026 (Day 1) | 11.55x | 23.73x | 1.11x |
Advit Jewels FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 123.8 | 25.4 | 17.8 | 15.1 | 29.6% |
| FY25 | 124.9 | 25.4 | -37.0 | -50.2 | 29.7% |
| FY24 | 69.4 | 14.7 | -10.5 | -11.6 | 27.3% |
| FY23 | 46.6 | 10.4 | -2.8 | -2.8 | 27.4% |
Advit Jewels IPO SUBSCRIPTION STATUS DETAILS
Advit Jewels had 12.0 M shares on offer
Advit Jewels IPO offer price was in the range ₹130 - ₹138
Advit Jewels IPO minimum Investment was ₹13000
Advit Jewels IPO issue size was ₹ 1555.8 M - ₹ 1651.6 M
Advit Jewels had a minimum lot size of 100 Shares per application
Advit Jewels NUMBER OF SHARES ON OFFER
Advit Jewels IPO IMPORTANT DATES
| Issue Open Date | 23 Jun 2026 |
| Issue close Date | 25 Jun 2026 |
| Allotment Date | 29 Jun 2026 |
| Refund Date | 30 Jun 2026 |
| Demat Account Credit Date | 30 Jun 2026 |
| Listing Date | 01 Jul 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Advit Jewels Allotment Status | Exchange/ Registrar |
Advit Jewels IPO subscription opened on 23 Jun 2026, and closed on 25 Jun 2026
IPO allotment for Advit Jewels was finalized on Monday, 29 Jun 2026
IPO listing for Advit Jewels was on NSE and BSE on Wednesday, 01 Jul 2026
Advit Jewels IPO LISTING GAINS
| Issue Price (adjusted) | 138.0 |
| Listing Open Price | 188.9 |
| Listing Close Price | 179.5 |
| Listing Gain% | 36.9% |
| Current Gain% | 34.2% |
Advit Jewels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advit Jewels Ltd. | 185.2 | 848.4 | 24.7 | 0.7 | 5.1 | 37.1 | 20 | 167 | 33.7 | 34.4 | 35.6 | 7.5 | 35.6 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
Advit Jewels INFORMATION ON IPO ISSUE
About Advit Jewels
Advit Jewels was incorporated on October 29, 2019. The company manufactures and sells traditional and contemporary handcrafted fine jewellery, specializing in Kundan, Polki, Diamond, and Studded pieces. Its brand, “Rambhajo,” traces back to a jewellery business founded in 1921 in Jaipur by Late Shri Kishan Gilara, evolving into a respected name in manufacturing and retail
Object of the Issue
- Funding incremental working capital requirements of the company
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company from scheduled commercial banks
- General corporate purposes
Advit Jewels - PROMOTERS
| Name |
|---|
| Nitin Gilara |
| Prateek Gilara |
| Vipul Gilara |
| Krishna Vardhan Gilara |
Advit Jewels - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nitin Gilara | Chairman & Managing Director |
| Prateek Gilara | Whole-Time Director |
| Vipul Gilara | Whole-Time Director |
| Krishna Vardhan Gilara | Non-Executive Director |
| Sidharth Bafna | Independent Director |
| Amit Bardia | Independent Director |
| Divyank Bader | Independent Director |
| Arzoo Mantri | Independent Director |
Advit Jewels Book Running Lead Manager
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Advit Jewels Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Advit Jewels Strengths
Design & innovation
The company combines cultural heritage with modern design, offering Antique, Bridal, Traditional, Contemporary, and Fusion jewellery across various price ranges and occasions. Its in-house manufacturing and skilled designers enable a diverse ready-to-sell collection, supporting strong B2B relationships and market-driven growth
Quality
The promoters bring a 100-year legacy in the jewellery industry, emphasizing high-quality craftsmanship in every piece. This focus on quality fosters customer trust, reinforces the premium brand image, and strengthens long-term reputation
Manufacturing under one roof
The company’s manufacturing facility in Jaipur, Rajasthan spans 6,450 sq. ft. and integrates traditional craftsmanship with advanced technology. Equipped with laser cutting, 3D printing, casting units, and press dyes, it enables in-house production of Kundan and Polki jewellery, ensuring efficiency, quality control, and cost optimization while preserving handcrafted luxury
Advit Jewels Risks
Seasonal business
The company’s business experiences seasonal fluctuations, with peak demand for gold jewellery occurring April–June and September–January due to weddings, festivals, and rural income cycles, significantly affecting overall financial performance
Employee attrition risks
High employee attrition could reduce efficiency, disrupt customer relationships, and increase recruitment and training costs, negatively impacting the company’s operations and financial performance. Retaining skilled artisans is critical for maintaining reputation and business continuity in jewellery manufacturing
Insurance coverage risks
The company’s insurance may not cover all potential operational losses. Currently, it holds comprehensive policies for stock, transit, fidelity, and assets against fire, earthquake, and terrorism
IPO FAQs
The promoters of the company are Nitin Gilara, Prateek Gilara, Vipul Gilara and Krishna Vardhan Gilara.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 130.0 - 138.0.
The IPO application opens on Jun 23, 2026 and closes on Jun 25, 2026.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1400.
For all category investors, the minimum application amount for this IPO is Rs. 13,000.0, the maximum value for this IPO is Rs 193,200.0.
This IPO will be allotted on Jun 29, 2026.
The refund will be credited to your account on Jun 30, 2026.
The allotted shares will be credited to your demat on Jun 30, 2026.
Advit Jewels Ltd.’s shares listed on the stock exchanges on Jul 01, 2026.