Advit Jewels' ₹165 cr IPO opens at ₹130-138; GMP flags 46% listing pop
Jaipur-based handcrafted kundan/polki specialist Advit Jewels (brand Rambhajo) hits the mainboard June 23-25 with a ₹165 cr issue. Grey market premium of ₹64 implies a 46% listing pop. FY25 revenue ₹125 cr, PAT ₹25 cr. Proceeds fund working capital and debt repayment, joining a wave of regional jewellery listings.
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) launches ₹165 crore mainboard IPO June 23-25 at ₹130-138 band. GMP signals 46% listing pop. Proceeds fund working capital and debt repayment; B2B-led kundan/polki specialist.