Advit Jewels IPO books 20.49x on Day 2; GMP signals 40% listing pop for Rambhajo maker
Kundan-Polki specialist Advit Jewels (Rambhajo brand) sees strong demand at ₹130-138 band: NII 47.85x, retail 19.31x, QIB 1.14x. GMP of ₹56 implies ~40% premium ahead of 1 July 2026 BSE/NSE listing. Brokerages recommend subscribe on FY26 revenue of ₹124.94 cr.
Advit Jewels, maker of Kundan/Polki handcrafted jewellery under Rambhajo brand, sees its IPO subscribed 20.24x on day 2 with GMP of ₹56. Listing on BSE/NSE expected 1 July 2026; brokerages recommend subscribe.