Advit Jewels IPO roars: 213x subscription, GMP signals 38% listing pop
Jaipur-based handcrafted jewellery maker Advit Jewels closed its ₹165.16 cr IPO subscribed 213 times, with NII at 536x and QIB at 175x. GMP of ₹52 over the ₹138 upper band points to a 38% listing premium. FY25 revenue stood at ₹125 cr with PAT of ₹25 cr.
Jaipur-based handcrafted jewellery maker Advit Jewels' ₹165 crore IPO closed oversubscribed 212 times, with NII at 536x and QIB at 175x. GMP of ₹52 signals a 38% listing premium over the ₹138 upper price band.
Why this matters
Final subscription tally edges up from earlier 212x and 149x readings tracked through the issue, with GMP holding around 38-40% as the July 1 listing nears.
Retail-company signals steady at 3,835 over the last 90 days.