Advit Jewels launches ₹165 cr IPO to fund B2C pivot, UK-US entry
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) opens its ₹165 crore IPO June 23 at a ₹130-138 price band. Currently 80% B2B, the company plans to expand showrooms, enter UK and US markets, and grow its consumer-facing business. 9M FY25 revenue stood at ₹123.79 crore with ₹25.44 crore net profit.
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) launches ₹165 crore IPO June 23 to fund debt repayment, working capital and showroom expansion, planning B2C push and overseas entry into UK and US markets.