Advit Jewels IPO Day 2: DRChoksey Says Subscribe With Caution on Rs 165 Cr Issue
Jaipur-based luxury jeweller Advit Jewels, parent of heritage Kundan/Polki brand Rambhajo's, is on Day 2 of its Rs 165.16 crore IPO at Rs 130-138 price band. DRChoksey flags 64% revenue CAGR and 20%+ PAT margins, but cautions on short track record and Rs 74.80 crore borrowings.
Jaipur-based luxury jeweller Advit Jewels, operating the heritage Rambhajo's Kundan/Polki brand, is on Day 2 of its Rs 165 crore IPO at Rs 130-138 band. DRChoksey flags strong margins but short track record and rising borrowings; subscribe with caution.