Advit Jewels IPO closes 149x subscribed; Rambhajo-maker lists July 1
The ₹165.16 crore IPO of Rambhajo-branded Kundan, Polki and diamond jewellery maker Advit Jewels drew 149.23x overall demand, with NII at 439x and retail at 78x. Proceeds fund ₹65 crore debt repayment and ₹65 crore working capital. Price band ₹130-138; listing on BSE/NSE July 1.
Advit Jewels' ₹165.16 crore IPO closed 149.23x subscribed, led by NII at 439x. The Rambhajo-branded Kundan, Polki and diamond jewellery maker will list on BSE/NSE July 1, using proceeds for debt repayment and working capital.
Why this matters
Final subscription of 149x marks a sharp escalation from earlier 44x, 53.87x and 74x readings tracked during the bidding window, confirming sustained institutional and HNI appetite for the Rambhajo-maker.
Retail-company signals steady at 3,767 over 90 days, with jewellery IPOs adding momentum.