Jaipur's Advit Jewels opens ₹165 cr IPO June 23; grey market signals 58% listing pop
Handcrafted jewellery maker Advit Jewels (brand Rambhajo) launches mainboard IPO at ₹130-138 band, raising ₹165 cr via 1.19 cr fresh shares. GMP of ₹80 implies 58% listing premium. Proceeds fund working capital and debt repayment. 9MFY26 revenue ₹1,237.9 cr, net profit ₹254.4 cr. BSE/NSE listing July 1.
Jaipur-based handcrafted jewellery maker Advit Jewels (brand Rambhajo) opens its ₹165 crore mainboard IPO on June 23 at ₹130-138 band; GMP signals 58% listing premium. Proceeds fund working capital and debt repayment. Listing on BSE/NSE July 1.
Why this matters
Advit Jewels (Rambhajo) finalized IPO size at 1.19 cr shares after trimming, with GMP softening from earlier 68% pop signal to 58% as listing approaches.
Retail-company signals steady at 2,889 in last 90 days