Advit Jewels IPO oversubscribed 212x; Rambhajo maker eyes 32% listing pop July 1
Jaipur-based premium handcrafted jewellery brand Advit Jewels (Rambhajo label) closed its Rs 165.16 crore IPO at 212.63x subscription, with NII bids at 536x and QIB at 175x. GMP of Rs 44 over the Rs 138 upper band signals a 31.88% listing premium. Allotment June 29, BSE/NSE debut July 1.
Jaipur-based premium handcrafted jewellery maker Advit Jewels (Rambhajo label) IPO oversubscribed 212.63x, raising Rs 165.16 crore. Allotment June 29, listing July 1 on BSE/NSE. GMP signals 32% listing premium.