Advit Jewels debuts at 37% premium after 213x subscription
Handcrafted jewellery maker behind the 'Rambhajo' brand listed at ₹188.90 on NSE, a 36.88% premium over its ₹138 issue price. The ₹165.16-crore IPO was subscribed 212.63x, led by NIIs at 536.38x. Proceeds target ₹65 crore debt repayment and working capital.
Advit Jewels, a handcrafted fine jewellery maker under the 'Rambhajo' brand, debuted at a 37% premium on NSE after its ₹165.16-crore IPO was subscribed 212.63 times. Proceeds fund debt repayment and working capital.
Why this matters
Advit Jewels' strong debut follows its July 1 listing after the ₹165 crore IPO, with the 'Rambhajo' parent commanding heavy oversubscription while peer Cordelia Cruise debuted at a 16% discount.
Retail-company signals are accelerating, up 462900% QoQ.
Also reported by
- The Hindu BusinessLine — Same time