Jaipur jeweller Advit (Rambhajo) IPO books 7.81x on Day 1; GMP signals 46% listing pop
Advit Jewels' Rs 165 cr IPO priced at Rs 130-138 drew 7.81x demand on day one with grey-market premium of Rs 64, pointing to a 46% listing gain. Larger peers Waterways Leisure (Cordelia Cruises, Rs 585 cr) and Turtlemint (Rs 883 cr) opened alongside but with muted GMPs.
Three IPOs in bidding: Jaipur jeweller Advit Jewels (Rambhajo) sees strong 7.81x day-1 demand and 46% GMP premium; Cordelia Cruises operator Waterways Leisure Tourism and insurtech Turtlemint also open, with muted grey-market premiums.