Advit Jewels IPO subscribed 212x, GMP signals ~33% listing pop on July 1
Premium handcrafted jeweller behind the 'Rambhajo' brand heads to BSE/NSE on July 1 after its ₹165-crore IPO drew 212.63x demand. NII tranche led at 536.38x, QIB 174.98x, RII 95.30x. GMP of ₹46 over the ₹130-138 price band points to an estimated ₹184 listing. Fresh issue of 1.20 cr shares to fund ₹65 cr working capital and ₹65 cr debt repayment.
Advit Jewels, a premium handcrafted jewellery maker under the 'Rambhajo' brand, set for July 1 BSE/NSE listing after its ₹165-crore IPO was subscribed 212.63 times, with strong GMP signaling ~33% listing premium.