Advit Jewels Rs 165 cr IPO subscribed 16.66x on Day 2; GMP signals 41% listing pop
Jaipur-based premium handcrafted jewellery house Advit Jewels (Rambhajo label) sees strong retail demand with 16.66x subscription on day 2 and a 40.58% grey market premium against its Rs 130-138 price band. Lists July 1 alongside Cordelia Cruises parent Waterways Leisure's Rs 585 crore offer.
Advit Jewels (Jaipur-based premium handcrafted jewellery under Rambhajo label) IPO of Rs 165 crore subscribed 16.66x on day 2 with 41% GMP. Waterways Leisure (Cordelia Cruises) Rs 585 crore IPO also open, both listing July 1.
Why this matters
Subscription has compounded from 7.81x on Day 1 morning to 20.49x later in Day 2, with retail leading demand at 27x. GMP has held in the 40-47% range across the issue window.
Retail-company signals steady at 3,607 over the last 90 days.