Advit Jewels lists at 37% premium after 212x-subscribed IPO; Cordelia Cruise debuts at 16% discount
Jaipur-based fine jewellery maker Advit Jewels (Rambhajo brand — Kundan, Polki, diamond) listed at Rs 188.90 vs Rs 138 issue price, raising Rs 165 crore on 212.63x subscription. Cruise operator Cordelia debuted at a 15.72% discount to its Rs 808 issue price.
Jaipur-based jewellery maker Advit Jewels (Rambhajo brand, Kundan/Polki/diamond) listed at a 37% premium after a 212x-subscribed Rs 165 crore IPO, while cruise operator Cordelia debuted at a 16% discount.
Why this matters
Advit Jewels debuted July 1 after its Rs 165 crore IPO drew 212x subscription, with GMP signalling a ~36% pop that materialised as a 36.88% listing premium at Rs 188.90.
Retail-brand signals steady at 2,195 over the past 90 days.