Rambhajo-Owner Advit Jewels Opens Rs 165 Cr IPO June 23; GMP Signals 47% Listing Pop
Jaipur-based handcrafted jewellery maker Advit Jewels — whose Rambhajo brand has been worn by Deepika Padukone and Kangana Ranaut — opens its Rs 165.16 crore IPO on June 23 at a Rs 130-138 price band. Grey market premium of Rs 65 implies a 47% listing gain. FY25 revenue jumped 80% YoY to Rs 124.94 crore; PAT rose 72% to Rs 25.37 crore.
Jaipur-based handcrafted jewellery maker Advit Jewels, owner of Rambhajo brand (worn by Deepika, Kangana), opens Rs 165 crore IPO June 23-25 at Rs 130-138 band. GMP signals 47% listing premium. FY25 revenue up 80% to Rs 125 crore.
Why this matters
Advit Jewels' IPO debut marks the Jaipur-based Rambhajo parent's first public capital raise, following an 80% FY25 revenue jump and growing celebrity-led brand visibility in handcrafted jewellery.
Retail-company signals steady at 3,419 over the past 90 days, reflecting consistent listing and capital activity.