Advit Jewels IPO sails through Day 3 at 44x; GMP signals 38% listing pop
Rambhajo-branded Kundan/Polki jeweller Advit Jewels closed its ₹138-priced IPO 44.16x subscribed with GMP at +₹52. Backed by ₹1,238 cr 9MFY26 revenue and ₹254.4 cr profit, fresh issue funds ₹65 cr debt repayment. HDFC, Canara, Anand Rathi flag subscribe ahead of 1 July listing.
Advit Jewels IPO, a Kundan/Polki handcrafted jewellery maker under the Rambhajo brand, subscribed 44.16x by day 3 with GMP signalling 38% listing pop. Brokerages including HDFC, Canara, Anand Rathi recommend subscribe; listing slated 1 July.