Advit Jewels IPO subscribed 74x with 38% GMP, signals strong demand for premium handcrafted jewellery
Jaipur-based Advit Jewels (Rambhajo label) closed its Rs 165.16 cr IPO at 74.09x with grey market premium of 37.68%, pointing to robust listing gains July 1. Contrasts sharply with Cordelia Cruises parent Waterways Leisure's Rs 585 cr issue, which drew tepid 0.66x demand.
Advit Jewels (Jaipur-based premium handcrafted jewellery under Rambhajo label) IPO subscribed 74x with 38% GMP; Waterways Leisure (Cordelia Cruises) Rs 585 cr IPO sees tepid 0.66x demand. Both list July 1 on BSE/NSE.
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