Advit Jewels debuts today with GMP signaling ~36% premium after 212x subscription
Jewelry retailer Advit Jewels lists on BSE/NSE after its ₹165.16 crore IPO drew 212.63x demand. Grey market premium of ₹49.5 points to an estimated ₹187.5 debut versus the ₹138 issue price. Brokerages back the stock on tripling revenue (₹124.94 crore FY26) and 43.6% RoNW, though scale stays small and promoter-driven.
Jewelry retailer Advit Jewels debuts on BSE/NSE today after its ₹165 crore IPO was subscribed 212x. GMP signals a ~36% premium listing. Brokerages recommend subscribing, citing tripling revenue and strong RoNW despite small, promoter-driven scale.
Why this matters
Advit Jewels' debut follows a Bigshare allotment on June 29 and 212x oversubscription that earlier signaled a 33-40% listing pop, now converging near a 36% premium.
Retail-company signals are accelerating, up +457100% QoQ.