Rambhajo parent Advit Jewels eyes Rs 160 cr IPO; 46% GMP signals hot listing

Jaipur-based handcrafted jewellery brand Rambhajo's parent Advit Jewels opens its Rs 160-crore mainboard IPO June 23-25 in a price band of Rs 130-138, with grey market premium of Rs 64 pointing to a 46% listing pop on July 1. FY25 revenue jumped 80% to Rs 125 cr; PAT rose 72% to Rs 25.4 cr.

— Filed Tue, 23 Jun, 2026, 10:00 IST · Source NDTV Profit · Updated

Jaipur-based handcrafted jewellery brand Rambhajo's parent Advit Jewels opens Rs 160-crore mainboard IPO June 23-25, with 46% grey market premium signaling strong demand; FY25 revenue grew 80% to Rs 125 crore.

Why this matters

Updates last week's signal pegging the IPO at Rs 165 cr with 47% GMP; revised size of Rs 160 cr and 46% premium suggest firmer pricing as Advit Jewels finalises terms.

Retail-company signals steady at 3,477 over 90 days, with IPO activity a recurring driver.

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