Advit Jewels IPO allotment finalised today after 212x oversubscription; GMP signals ~40% listing pop
Advit Jewels (Rambhajo brand), a Kundan/Polki/diamond handcrafted fine jewellery maker, finalises allotment after 212.63x overall subscription. NII bids hit 536x, QIB 175x, RII 95x. GMP of ₹51 over the ₹130-138 price band implies ~39.96% listing gain.
Advit Jewels, a traditional handcrafted fine jewellery maker (Rambhajo brand) in Kundan/Polki/diamond segment, finalises IPO allotment after 212x oversubscription. Fresh issue funds growth and expansion; shares estimated to list at premium.
Why this matters
The allotment caps a fast-building story: prior signals tracked the 212x oversubscription and rising GMP estimates from 32% to 35% listing pop ahead of the July 1 listing for the Rambhajo maker.
retail-company theme steady with 4008 signals over the trailing 90 days.