Advit Jewels opens Rs 165 cr IPO at Rs 130-138; 46% GMP signals strong retail demand
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) launches Rs 165 cr IPO with Rs 632 cr m-cap target. FY25 revenue Rs 124.94 cr, PAT Rs 25.37 cr, 30% EBITDA margin and 63.7% revenue CAGR FY23-25. Proceeds fund debt repayment, working capital, and Jaipur flagship plus franchise expansion.
Jaipur-based handcrafted jewellery maker Advit Jewels (Rambhajo brand) opens Rs 165 crore IPO at Rs 130-138, with 46% GMP and broad 'subscribe' ratings. Proceeds fund debt repayment and working capital; flagship Jaipur store and franchise expansion planned.
Why this matters
Advit Jewels' IPO debut signals investor appetite for handcrafted jewellery players, with prior signals flagging the 46% GMP and bridal Polki/Kundan positioning anchoring its growth story.
Retail-company signals steady at 3,481 in last 90 days, reflecting consistent IPO and expansion activity.