Advit Jewels IPO roars: 212x subscribed, 32% GMP premium ahead of July 1 listing
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) raised Rs 165 crore at Rs 130-138 band. Retail leg subscribed 536x, overall 212.63x. GMP signals Rs 44 (~32%) listing pop on BSE/NSE July 01—a fresh listed-jewellery comp for the desk.
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) raised Rs 165 crore via IPO, subscribed 212.63x. Allotment due, listing July 01 on BSE/NSE with GMP suggesting 32% premium.