Advit Jewels opens ₹165 cr IPO with ₹64 GMP signalling strong listing-day pop
B2B-led jeweller Advit Jewels launches its ₹165 crore fresh-issue IPO at a ₹130-138 band, with grey-market premium running at ₹64 — nearly 46% over the upper band. Lot size is 100 shares; listing targeted for 1 July on BSE/NSE. Analysts flag rich valuations (P/E 24.9x, P/B 7.6x) but back the issue for listing gains.
Jewellery brand Advit Jewels opens its ₹165 crore fresh-issue IPO at ₹130-138 per share, with GMP at ₹64. The B2B-led jeweller targets BSE/NSE listing on 1 July 2026; analysts suggest applying for listing gains despite rich valuation.
Why this matters
Advit Jewels' B2B-led jewellery play follows a tight sequence of IPO disclosures — band fixing, anchor allocation of ₹49.5 cr, and bridal Polki/Kundan positioning — now culminating in subscription opening with strong GMP.
Retail-company signals steady at 3,476 over the last 90 days.