Advit Jewels IPO closes 212.63x subscribed; Rs 56 GMP signals ~40% listing pop on July 1
Jaipur-based handcrafted jewellery maker behind Rambhajo brand drew 536x NII demand and 175x QIB bids on its Rs 138 price band. Grey market premium of Rs 56 points to a ~40.58% debut gain when shares list July 1, 2026, marking strong investor appetite for India's branded jewellery story.
Advit Jewels IPO closed 212.63x subscribed, led by NIIs at 536x. The Jaipur-based handcrafted jewellery maker behind Rambhajo brand lists July 1, 2026, with grey market premium of Rs 56 suggesting ~40% listing gain over Rs 138 band.