Advit Jewels lists at ₹188.90, a 36.88% premium over ₹138 IPO price
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) made a stellar market debut at ₹188.90 on NSE, a 36.88% premium to its ₹138 issue price. The IPO was subscribed 212.63x, with GMP at ₹49.50. Proceeds fund ₹65 crore working capital and ₹65 crore debt repayment for the B2B jewellery supplier.
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) listed at ₹188.90, a 36.88% premium over its ₹138 IPO price, after the issue was subscribed 212.63 times. B2B supplier to jewellery showrooms and retailers across India.
Why this matters
The listing pop confirms earlier signals: Advit Jewels debuted July 1 after its Rs 165 crore IPO, with 212x subscription and GMP pointing to a ~36% premium that materialized on NSE.
Retail-company signals are accelerating, up +462300% QoQ.