Advit Jewels opens ₹165-cr IPO at ₹130-138 band; anchors commit ₹49.5 cr
Jaipur-based handcrafted Polki/Kundan bridal jeweller (Rambhajo's heritage brand) launches fresh-issue IPO priced at 25.1x FY25 P/E. Anchor book locked in ₹49.52 cr ahead of opening. Proceeds earmarked for working capital and debt repayment; revenue compounded 63.7% over FY23-25.
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo's heritage brand) opens ₹165-cr fresh-issue IPO at ₹130-138 band; raised ₹49.5 cr from anchors. Proceeds fund working capital and debt repayment in Polki/Kundan bridal jewellery segment.