Advit Jewels IPO closes 212x subscribed; Rambhajo maker lists July 1
The handcrafted jewellery firm behind Rambhajo (Kundan, Polki, diamond) saw its ₹165.16-crore IPO subscribed 212 times, with NIIs at 536x, QIBs at 175x and retail at 95x. Price band ₹130-138; ₹49.52 crore raised via anchors. ₹65 crore earmarked for debt repayment. Lists on BSE and NSE July 1.
Advit Jewels' ₹165-crore IPO closed subscribed 212 times, with NIIs at 536x and QIBs at 175x. The handcrafted jewellery maker behind the Rambhajo brand (Kundan, Polki, diamond) lists on BSE/NSE July 1.
Why this matters
Subscription has climbed sharply through the IPO window, from 53.87x earlier to 149x mid-cycle and now 212x at close, with GMP previously signalling a ~40% listing pop.
Retail-company signals steady at 3,819 over the last 90 days.