Advit Jewels IPO opens at ₹130-138 band; grey market signals 46% listing pop
Handcrafted Kundan and Polki jewellery maker Advit Jewels, parent of the Rambhajo brand, opened its three-day IPO with a fresh issue of 1.20 crore shares. Grey market premium of ₹64 implies a listing near ₹202, a 46.38% premium over the upper band.
Advit Jewels, a handcrafted fine jewellery maker selling Kundan, Polki and diamond pieces under the Rambhajo brand, opened its IPO June 23-25 at ₹130-138 price band, with grey market premium signalling a 46% listing pop.
Why this matters
Builds on Advit Jewels' ₹165-cr IPO launch and ₹49.5-cr anchor round at ₹138, reinforcing its push for bridal Polki and Kundan dominance under the Rambhajo brand.
Retail-company signals hold steady at 3,475 over the last 90 days.