Advit Jewels to roll out 30 Rambhajo showrooms in 3 years on IPO fuel
Jaipur-based Advit Jewels' Rs 165 crore IPO (June 23-25) will bankroll a 30-store Rambhajo franchise rollout across India over three years, with a flagship in Jaipur by Oct-Nov targeting millennial and Gen Z light-jewellery buyers. 9M revenue stood at Rs 123.79 crore with PAT of Rs 25.44 crore.
Advit Jewels' Rs 165 crore IPO (June 23-25) will fund 30 Rambhajo-branded jewellery showrooms across India over three years via franchise model, starting Jaipur flagship by Oct-Nov, targeting millennial and Gen Z light-jewellery buyers.