Advit Jewels debuts today after 212x subscription; GMP signals ~36% listing pop
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) lists following a Rs 165 crore IPO subscribed 212.63x, with grey-market premium of Rs 50 pointing to a ~36% gain on the Rs 130-138 band. Cruise operator Cordelia lists flat-to-lower amid a muted 1.63x response.
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) debuts today after a 212x-subscribed Rs 165 crore IPO with strong 36% GMP; cruise operator Cordelia lists with muted response and a discount.
Why this matters
Advit Jewels' debut follows a firming GMP trajectory, from ~33% signaled on July 1 to ~36% today, after its Bigshare-managed allotment on June 29 and a 212x subscription.
Retail-brand signals steady at 2,179 over the trailing 90 days.